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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 should participants do if the answer to Question 2 is "no" for a particular item?

2. What can help people determine what they value?

3. How often should people total their income and expenses?

4. How is net worth determined?

5. What is an important aspect of the second half of Step 2?

Short Essay Questions

1. What perspective of money do the authors endorse? Why?

2. For Step 4, what is the first question program participants should ask, regarding every expense on their chart? How does the chart answer the question?

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

4. What are people's dreams good clues to?

5. For Step 4, what is the second question program participants should ask, regarding every expense on their chart? What is required, before answering this question?

6. How does our consumption hurt the environment?

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

8. Compare a person's typical response to a long-term threat with the typical response to an immediate threat.

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

10. What are some examples of recreational expense categories?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What does a person's financial independence have to do with their life purpose? Does fulfillment come from financial independence or from attending to a life purpose? How do the authors' three questions, listed in Chapter 4, help participants to achieve financial independence and connect with their life purpose?

Essay Topic 2

Discuss the psychological impact of the financial wall chart. Consider the implications involved with displaying the chart where all visitors can see it, the burden of tracking every penny earned or spent, the urgency or lack of urgency created by a five- to seven-year time frame, and emotional responses to acknowledging past spending habits.

Essay Topic 3

Expand upon one of the following items:

- How to divide time between work and play; life energy; fulfillment; or real hours worked.

- How is this item best integrated into people's lives?

- How does management of the item help people to achieve a better life or achieve financial independence?

- How does it relate to the overall message of the book?

(see the answer keys)

This section contains 800 words (approx. 3 pages at 300 words per page) View a FREE sample