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

Multiple Choice Questions

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

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

3. Monthly investment income is calculated by determining current excess money each month, then doing what?
(a) Multiplying it by the current short-term interest rate for U.S. Treasury bonds, then dividing by 12.
(b) Multiplying it by the current long-term interest rate for U.S. Treasury bonds, then dividing by 12.
(c) Multiplying it by the current short-term interest rate for U.S. Treasury bonds, then multiplying by 12.
(d) Multiplying it by the current long-term interest rate for U.S. Treasury bonds, then multiplying by 12.

4. Which of the following is the one and only thing that a job should be about?
(a) Learning valuable information or skills.
(b) Duty or desire to be of service.
(c) Security.
(d) Earning money.

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

Short Answer Questions

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

2. A line should be drawn connecting the current month's income to what?

3. How should program participants adjust their medical insurance?

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

5. What should frugal people research before purchasing items?

Short Essay Questions

1. How should investment income be tracked on the wall chart? What is the significance of this number?

2. What is the difference between the word "frugal" and the Spanish word "aprovechar?" Which do the authors prefer?

3. What is Step 7? What are the advantages of following this step?

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

5. How do peoples' words cause them to identify themselves personally with their jobs? Why is this a problem?

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

7. What do many people try to get from other jobs, other than a paycheck?

8. How is Step 8 completed? What does it allow program participants to do?

9. How far away from homelessness are most Americans?

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

(see the answer keys)

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