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

2. Participants should always remain conscious of what?
(a) Life energy.
(b) All the job opportunities around them.
(c) Impending retirement.
(d) Inflation.

3. What do the authors warn job-hunters to avoid?
(a) Taking the first offer that comes along.
(b) Taking a job too closely connected to a hobby or passion.
(c) Taking a job that requires relocation.
(d) Spending a lot of money on schemes to find the perfect job.

4. What is Step 8 of the program?
(a) Retire.
(b) Estimate when the crossover point will take place.
(c) Further reduce monthly expenses.
(d) Track investment income.

5. 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 multiplying 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 dividing by 12.

Short Answer Questions

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

2. Taking care of possessions and avoiding shopping are part of which list?

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

4. The wall chart should accommodate data for how long?

5. What is the main purpose of the wall chart?

Short Essay Questions

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

2. What are a person's options, once he reaches his crossover point?

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

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

5. What happens for most people, after using the wall chart for a while?

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

7. Summarize the 10 SURE WAYS TO SAVE MONEY.

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

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

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

(see the answer keys)

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