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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 do people earn money by trading?

2. How is a real hourly wage figured?

3. What causes emptiness?

4. What is budgeting similar to?

5. What is the first half of Step 2?

Short Essay Questions

1. What is the first part of Step 3?

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

3. What are some of the not-so-obvious expenses related to a person's work?

4. What are some examples of recreational expense categories?

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

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

7. 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?

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

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

10. Why is Step 4 considered the heart of the program?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What, according to the authors, is the difference between frugality and aprovechar? Are there some tips for saving money in the book that few people would be likely to follow? (For example, would most people ever consider selling their home and moving into a motor home, in order to save money?)

Essay Topic 2

According to the authors, why does money have no intrinsic value? What are the four perspectives of money? Which perspectives do the authors reject? Why? Which perspective do the authors advocate? Why?

Essay Topic 3

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?

(see the answer keys)

This section contains 691 words (approx. 3 pages at 300 words per page) View a FREE sample