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

Multiple Choice Questions

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

2. What is one advantage of estimating the likely timing of the crossover point?
(a) People may become more eager about going to work and doing a good job.
(b) People spend less.
(c) People retire early.
(d) People tend to leave their current job for a more enjoyable one.

3. 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.

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

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

6. Participants will end up making more money than they spend if they do what?
(a) Follow the philosophy of "no shame, no blame."
(b) Conserve life energy.
(c) Maximize income and minimize expenses.
(d) Retire early.

7. 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 expenses.
(c) Twice as large as the participant's expected income.
(d) Three times as large as the participant's expected income.

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

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

10. What should a participant plot on their wall chart each month?
(a) Income and expenses.
(b) Life energy spent.
(c) Hours worked.
(d) All purchases.

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

12. What are two tips for reducing transportation expenses?
(a) Walking to do local errands and retiring early.
(b) Buying a new car and learning to do basic auto maintenance.
(c) Walking to do local errands and learning to do basic auto maintenance.
(d) Retiring early and buying a new car.

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

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

15. What can cause some people to stop buying any extras at all, after starting to use the wall chart?
(a) Shock at their spending habits.
(b) Desire to change thier life purpose.
(c) Running out of room on the wall chart.
(d) Shock over actual income.

Short Answer Questions

1. How should program participants adjust their medical insurance?

2. What should retired people do with their excess monthly income?

3. Prestige, status, and power can be reasons for what?

4. What is the recommended size of the wall chart?

5. What percentage of useful life objects could people add if they were not so anxious to replace them?

(see the answer keys)

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