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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 should frugal people research before purchasing items?
(a) Popularity, quality, durability, and multiple use.
(b) Color, style, and multiple use.
(c) Value, quality, durability, and multiple use.
(d) Value, quality, and availability.

2. A person's crossover point is an estimate based on which type of expenses?
(a) Food and housing only.
(b) Monthly expenses after retirement.
(c) Monthly expenses while they are working.
(d) Food, housing, insurance, and health.

3. What should participants do if they don't make a living from their passion?
(a) Find a new job.
(b) Find a new passion.
(c) Follow their passion unpaid.
(d) Abandon their passion until retirement.

4. Being financially independent requires what?
(a) Having savings and no debt.
(b) Retirement.
(c) Inheriting a large estate.
(d) Earning life energy.

5. In the 101 SURE WAYS TO SAVE MONEY section, what do the authors advise people to do in order to save on housing?
(a) Avoid non-traditional housing.
(b) Buy a larger home as a hedge against inflation.
(c) Consider non-traditional housing.
(d) Buy and manage multiple rental properties.

Short Answer Questions

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

2. What is the crossover point?

3. What should people do with their extra money, once they earn more per month than they spend?

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

5. Paying attention to every thought and deciding whether to act on each thought is crucial to what?

Short Essay Questions

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

2. Why are most people happier when their jobs are not related to their passions?

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

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

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

6. What is a "cushion?" What are the advantages of having a cushion?

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

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

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

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

(see the answer keys)

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