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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What usually happens after a person retires from their job?
(a) Expenses and income stay about the same.
(b) Income goes up.
(c) Expenses go up.
(d) Expenses go down.

2. Why should people try not to turn their job into an identity?
(a) Identity comes from friends and family.
(b) Changing careers could cause an identity crisis.
(c) So that their lives could be about something different.
(d) Only volunteerism creates an identy.

3. The crossover point is based on what?
(a) The wall chart.
(b) The transition from an enjoyable job to a well-paying job.
(c) Traffic patterns during work commute.
(d) The decision to earn more money.

4. What is the main purpose of the wall chart?
(a) To replace the monthly chart created previously.
(b) To define commitment to the program.
(c) To define values and purpose.
(d) Keep finances on the person's mind, to help them make more conscious choices when spending money.

5. The wall chart should accommodate data for how long?
(a) Until retirement.
(b) Seven to ten years.
(c) Five to seven months.
(d) Five to seven years.

6. What percentage of useful life objects could people add if they were not so anxious to replace them?
(a) One hundred percent.
(b) Twenty to fifty percent.
(c) Ten percent.
(d) Fifty to eighty percent.

7. Most of the 101 SURE WAYS TO SAVE MONEY have what added benefit?
(a) They delay retirement.
(b) They increase hourly wage.
(c) They improve career options.
(d) They are good for the planet.

8. The top number on the y-axis should be at least how large?
(a) Equal to the participant's expected income.
(b) Twice as large as the participant's expected income.
(c) Three times as large as the participant's expected income.
(d) Twice as large as the participant's expected expenses.

9. The wall chart's time span is a rough deadline for what?
(a) Retirement.
(b) Finding a new career.
(c) Achieving financial independence.
(d) Finding a life purpose.

10. A person's crossover point is an estimate based on which type of expenses?
(a) Food, housing, insurance, and health.
(b) Food and housing only.
(c) Monthly expenses after retirement.
(d) Monthly expenses while they are working.

11. How does eating a proper diet make sense financially?
(a) Eating good foods can prevent illnesses and reduce medical costs.
(b) Eating less saves money.
(c) Losing weight means no money spent on gym memberships.
(d) Eating three meals a day saves money.

12. Prestige, status, and power can be reasons for what?
(a) Retaining life energy.
(b) Early retirement.
(c) Keeping up with the neighbors.
(d) Choosing a certain job.

13. Which of the following is the one and only thing that a job should be about?
(a) Security.
(b) Duty or desire to be of service.
(c) Learning valuable information or skills.
(d) Earning money.

14. How does the realization that not all work is paid add life to retirement?
(a) People who do not work after retirement have fewer health problems.
(b) Retired people are happy because they no longer work.
(c) Retired people know they can still be useful.
(d) People who do not work after retirement live longer.

15. How many credit cards should program participants keep?
(a) One for everyday use and one for emergencies.
(b) One, to be used only in emergencies.
(c) None.
(d) One for business use, one for personal use, and one for emergencies.

Short Answer Questions

1. What may reaching the crossover point cause participants to do?

2. What is Step 8 of the program?

3. What is the meaning of the Spanish word, "aprovechar?"

4. What should a participant plot on their wall chart each month?

5. Where do the authors recommend finding job-hunting advice?

(see the answer keys)

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