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

Multiple Choice Questions

1. Why do people feel very free when volunteering?
(a) Volunteering requires no skill.
(b) Volunteering can lead to job offers.
(c) Because they do not have to be there, and can do things their way.
(d) Volunteer work is unpaid.

2. What is the main purpose of the wall chart?
(a) To replace the monthly chart created previously.
(b) Keep finances on the person's mind, to help them make more conscious choices when spending money.
(c) To define values and purpose.
(d) To define commitment to the program.

3. What should people do as soon as possible?
(a) Retire.
(b) Complete the wall chart.
(c) Find supplemental income.
(d) Get out of debt.

4. Why should people try not to turn their job into an identity?
(a) So that their lives could be about something different.
(b) Only volunteerism creates an identy.
(c) Identity comes from friends and family.
(d) Changing careers could cause an identity crisis.

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

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

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

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

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

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

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

12. If "work" is different from "paid employment," then which of the following is true?
(a) Retirement is the absence of work.
(b) Work includes anything people do to provide a service, including cleaning the house.
(c) Cleaning is only work when it's done by a paid professional.
(d) Volunteer jobs are not work.

13. What should people do with their extra money, once they earn more per month than they spend?
(a) Work fewer hours per week.
(b) Purchase a long-desired luxury.
(c) Turn it into an interest-bearing investment.
(d) Retire.

14. How do most people define work?
(a) Full-time employment.
(b) Life energy spent.
(c) What they do to make a living.
(d) Anything that is not enjoyable.

15. How should investment income be tracked?
(a) Subtracted from monthly expenses.
(b) Combined with other income.
(c) Separately from other income.
(d) Combined with monthly expenses.

Short Answer Questions

1. How does the realization that not all work is paid add life to retirement?

2. Participants should always remain conscious of what?

3. What can cause some people to stop buying any extras at all, after starting to use the wall chart?

4. Most of the 101 SURE WAYS TO SAVE MONEY have what added benefit?

5. The crossover point is based on what?

(see the answer keys)

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