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

Multiple Choice Questions

1. 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 and manage multiple rental properties.
(d) Buy a larger home as a hedge against inflation.

2. Where should monthly investment income be tracked?
(a) On the income and expense charts created in Chapters 2 and 3.
(b) On the wall chart.
(c) On reports from investment brokers.
(d) On a new chart.

3. Participants should always remain conscious of what?
(a) All the job opportunities around them.
(b) Life energy.
(c) Inflation.
(d) Impending retirement.

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

5. What are some good alternatives to buying what is needed?
(a) Trading, sharing, and retiring.
(b) Sharing, trading, and stealing.
(c) Begging, stealing, and borrowing.
(d) Borrowing, trading, and sharing.

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

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

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

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

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

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

12. People should have enough savings to cover expenses for how long?
(a) Six months.
(b) One year.
(c) Four months.
(d) Nine months.

13. What may reaching the crossover point cause participants to do?
(a) Increase spending.
(b) Continue working or choose a new job.
(c) Explore other routes to work.
(d) Start a new wall chart.

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

15. 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) Earning money.
(d) Learning valuable information or skills.

Short Answer Questions

1. What is the most important strategy in following Step 7?

2. Being financially independent requires what?

3. If people stop buying any extras at all, what are they in danger of doing?

4. What should people be willing to do?

5. What should people do with their extra money, once they earn more per month than they spend?

(see the answer keys)

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