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

Multiple Choice Questions

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

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

3. What is one sure way to save money?
(a) Find a higher-paying job.
(b) Retire early.
(c) Stop trying to impress other people.
(d) Find alternative housing.

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

5. What do the authors describe as "having a high joy-to-stuff ratio?"
(a) Retirement.
(b) Success.
(c) Being frugal.
(d) Life energy.

6. Most of the 101 SURE WAYS TO SAVE MONEY have what added benefit?
(a) They are good for the planet.
(b) They increase hourly wage.
(c) They improve career options.
(d) They delay retirement.

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

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

9. What should retired people do with their excess monthly income?
(a) Reinvest it or use it to do new projects.
(b) Use it to buy life energy.
(c) Determing a new crossover point.
(d) Help other family members reach the crossover point.

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

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

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

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

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

15. What mistake do people often make, when describing their jobs?
(a) Revealing annual income.
(b) Identifying themselves by their careers.
(c) Saying uncomplimentary things about thier supervisors.
(d) Playing down their true talents.

Short Answer Questions

1. How should people handle unusual extra expenses?

2. What should participants do if they don't make a living from their passion?

3. The crossover point is based on what?

4. What should a participant plot on their wall chart each month?

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

(see the answer keys)

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