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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What is the term for the unnecessary things, activities, and noise in our lives?

2. What do people earn money by trading?

3. Each person has only a limited amount of what?

4. Most Americans divide their discretionary time equally between what two activities?

5. What are piggy banks and cookie jars examples of?

Short Essay Questions

1. Whenever people spend money, what more valuable commodity are they also spending?

2. Why do many people give up on their dreams early in life?

3. What is the final part of Step 3? How is this accomplished?

4. Why does the result from the first part of Step 2 sometimes prompt participants to seek a lower-paying job?

5. What are some problems associated with "business as usual?"

6. What should program participants do about their smaller, sometimes overlooked miscellaneous expenses?

7. What are some examples of recreational expense categories?

8. What should program participants do, rather than create a budget?

9. What are the three perspectives of money the authors ask program participants to reject? Include brief descriptions.

10. What is the second half of Step 2? What are the most important aspects of this exercise?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Why should people try their best to get out of debt, when credit cards are readily available? Why should people save a six-month cushion? What is the real meaning of financial independence?

Essay Topic 2

At what point do the authors ask program participants to invest money in order to earn investment income? How should investment income be tracked? How should it be used to lead to financial security or fulfillment?

Essay Topic 3

What is the difference between a cushion and a cache? Is one more desirable than the other is? Which will a program participant obtain first?

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This section contains 676 words (approx. 3 pages at 300 words per page) View a FREE sample