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

Multiple Choice Questions

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

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

3. What is Step 7?
(a) Minimizing debt.
(b) Reducing clutter.
(c) Maximizing income.
(d) Increasing life energy.

4. 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.

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

6. If people earn more than the minimum needed to pay bills, what should they do with the extra money?
(a) Save it to use later in the program for investing.
(b) Splurge on a luxury.
(c) Donate to charity.
(d) Purchase rental properties.

7. When can program participants consider retirement?
(a) When total income exceeds expenses.
(b) After working for 20 years in the same field.
(c) After reaching the crossover point.
(d) At age 65.

8. The numbers along the y-axis should increase by what increment?
(a) 1 or 2.
(b) 100 or 200.
(c) 10 or 20.
(d) 1,000 or 2,000.

9. What is the true definition of work?
(a) Anything that is not enjoyable.
(b) Full-time employment.
(c) It varies depending on who is defining it.
(d) Life energy spent.

10. What is one difference a frugal person should consider when choosing between two similar vehicles?
(a) Resale values.
(b) Available options.
(c) Prestige.
(d) Foreign-made vs. American-made.

11. What is a major advantage of separating employment from passion?
(a) Jobs that do not inspire passion usually pay more.
(b) A greater variety of employment options becomes available.
(c) Passion won't be used as a substitute for experience.
(d) It is better to remove emotion from gainful employment.

12. What is the most important strategy in following Step 7?
(a) Conserving life energy.
(b) Reducing monthly expenses.
(c) Following a passion.
(d) Choosing a job with high pay.

13. What encourages family, friends, and neighbors to support the participant's goals in following this program?
(a) Making wall charts for them to use.
(b) Making retirement plans with them.
(c) Asking them for a loan.
(d) Placing the wall chart in a public place.

14. What is Step 8 of the program?
(a) Estimate when the crossover point will take place.
(b) Retire.
(c) Further reduce monthly expenses.
(d) Track investment income.

15. What is the recommended size of the wall chart?
(a) From 18 to 24 inches tall, and from 22 to 36 inches wide.
(b) From 18 to 24 inches wide, and from 22 to 36 inches tall.
(c) From 18 to 22 inches wide, and from 24 to 36 inches tall.
(d) From 18 to 22 inches tall, and from 24 to 36 inches wide.

Short Answer Questions

1. The wall chart's time span is a rough deadline for what?

2. What are 1,001 SURE WAYS TO SAVE MONEY?

3. What should be repeatedly placed along the x-axis of the wall chart?

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

5. What is the main purpose of the wall chart?

(see the answer keys)

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