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

Multiple Choice Questions

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

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

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

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

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

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

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

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

9. 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.

10. How should people handle unusual extra expenses?
(a) Obtain a designated credit card.
(b) Try to obtain a higher-paying job.
(c) Pay with cash or try to spread the expense out over several months.
(d) Obtain a home equity loan.

11. A line should be drawn connecting the current month's income to what?
(a) The current month's expenses.
(b) The previous month's income.
(c) The previous year's income.
(d) The previous month's expenses.

12. Taking care of possessions and avoiding shopping are part of which list?
(a) 10 SURE WAYS TO SAVE MONEY.
(b) 3 SURE WAYS TO SAVE MONEY.
(c) 101 SURE WAYS TO SAVE MONEY.
(d) 1,001 SURE WAYS TO SAVE MONEY.

13. Where do the authors recommend finding job-hunting advice?
(a) "What Color Is Your Safety Net?"
(b) Friends and family.
(c) "What Color Is Your Parachute?"
(d) The Internet.

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

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

Short Answer Questions

1. What are some good alternatives to buying what is needed?

2. Statistically, how many Americans are overweight?

3. What is the best thing to do with the interest received?

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

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

(see the answer keys)

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