Your Money or Your Life Test | Final Test - Medium

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.

Your Money or Your Life Test | Final Test - Medium

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Your Money or Your Life Lesson Plans
Name: _________________________ Period: ___________________

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. When can program participants consider retirement?
(a) At age 65.
(b) After working for 20 years in the same field.
(c) When total income exceeds expenses.
(d) After reaching the crossover point.

2. The top number on the y-axis should be at least how large?
(a) Twice as large as the participant's expected expenses.
(b) Twice as large as the participant's expected income.
(c) Equal to the participant's expected income.
(d) Three times as large as the participant's expected income.

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

4. What is the best thing to do with the interest received?
(a) Reinvest it.
(b) Purchase rental properties.
(c) Put the money under a mattress for a rainy day.
(d) Purchase a larger home as a hedge against inflation.

5. 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 tend to leave their current job for a more enjoyable one.
(c) People retire early.
(d) People spend less.

Short Answer Questions

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

2. What should be repeatedly placed along the x-axis of the wall chart?

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

4. What is the crossover point?

5. What is the best method of choosing which expenses to reduce or eliminate?

Short Essay Questions

1. What job-hunting advice is included in the book?

2. Why should the wall chart be displayed where participants can view it easily?

3. Describe the process of creating the wall chart.

4. Why do volunteers often feel more fulfilled than ever before?

5. What are 1,000,001 SURE WAYS TO SAVE MONEY?

6. Summarize the 10 SURE WAYS TO SAVE MONEY.

7. What are the advantages of predicting when the crossover point will occur?

8. Describe the nature of 101 SURE WAYS TO SAVE MONEY.

9. What span of time should the wall chart cover? Why?

10. How far away from homelessness are most Americans?

(see the answer keys)

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