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

Multiple Choice Questions

1. What should people do about unusual extra expenses, such as medical bills or birthday parties?
(a) Create an extra chart to track them.
(b) Categorize them as "gazingus pins."
(c) Accept them as a normal part of financial life.
(d) Avoid them whenever possible.

2. What is the best method of choosing which expenses to reduce or eliminate?
(a) Compare income to expenses on the wall chart.
(b) Use answers to the three questions from Chapter 3.
(c) Use answers to the three questions from Chapter 4.
(d) Add up the plusses and minuses on the monthly chart.

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

4. What should be repeatedly placed along the x-axis of the wall chart?
(a) 1 2 3 4 5 6 7.
(b) 1 2 3 4 5 6 7 8 9 10 11 12.
(c) M T W T F S S.
(d) J F M A M J J A S O N D.

5. What is the best thing to do with the interest received?
(a) Put the money under a mattress for a rainy day.
(b) Purchase rental properties.
(c) Purchase a larger home as a hedge against inflation.
(d) Reinvest it.

6. What do the authors warn job-hunters to avoid?
(a) Taking the first offer that comes along.
(b) Taking a job too closely connected to a hobby or passion.
(c) Spending a lot of money on schemes to find the perfect job.
(d) Taking a job that requires relocation.

7. What is Step 6?
(a) Planning for retirement.
(b) Determining net worth.
(c) Minimizing spending.
(d) Creating a wall chart.

8. What is the meaning of the Spanish word, "aprovechar?"
(a) Having a successful career.
(b) Achieving early retirement.
(c) To get full use or full enjoyment out of something.
(d) To approve of all spending choices.

9. What is the main pitfall of combining work with true passion or enjoyment?
(a) Having to compromise in order to satisfy someone else.
(b) Enjoyment goes against the puritan work ethic.
(c) Enjoyable jobs don't command respect.
(d) Passion doesn't always make up for lack of talent.

10. In the 101 SURE WAYS TO SAVE MONEY section, what do the authors advise people to do in order to save on housing?
(a) Consider non-traditional housing.
(b) Avoid non-traditional housing.
(c) Buy a larger home as a hedge against inflation.
(d) Buy and manage multiple rental properties.

11. What generally happens to monthly expenses, when tracked by program participants?
(a) They trend up or down along with income.
(b) They settle into a certain range.
(c) They gradually decrease.
(d) They gradually increase.

12. If people stop buying any extras at all, what are they in danger of doing?
(a) Running out of room on the wall chart.
(b) Returning to their old habits.
(c) Losing life energy.
(d) Buying twice as much the following month.

13. What should retired people do with their excess monthly income?
(a) Determing a new crossover point.
(b) Use it to buy life energy.
(c) Reinvest it or use it to do new projects.
(d) Help other family members reach the crossover point.

14. What is one sure way to save money?
(a) Find a higher-paying job.
(b) Find alternative housing.
(c) Retire early.
(d) Stop trying to impress other people.

15. Paying attention to every thought and deciding whether to act on each thought is crucial to what?
(a) Fulfillment.
(b) 1,001 SURE WAYS TO SAVE MONEY.
(c) 1,000,001 SURE WAYS TO SAVE MONEY.
(d) Life energy.

Short Answer Questions

1. What is one advantage of estimating the likely timing of the crossover point?

2. What do the authors describe as "having a high joy-to-stuff ratio?"

3. What should people be willing to do?

4. The top number on the y-axis should be at least how large?

5. Why do people feel very free when volunteering?

(see the answer keys)

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