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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. On average, what do Americans have less of than ever before?

2. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?

3. What might cause readers to feel guilty, after completing Step 1?

4. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?

5. Why should people not budget their money?

Short Essay Questions

1. What is the first part of Step 1? What is its purpose?

2. What do the two parts of Step 2 allow program participants to track?

3. What is the second part of Step 1? What attitude should participants try to maintain when they see their result?

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

5. How do the authors compare budgeting with dieting?

6. 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?

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

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

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

10. How does the protestant work ethic influence the behavior of many Americans?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 2

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?

Essay Topic 3

Define the crossover point and its relationship to retirement. Why is the crossover point central to this financial program? What options are available to a person once they reach their crossover point?

(see the answer keys)

This section contains 860 words (approx. 3 pages at 300 words per page) View a FREE sample