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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 the amount started with at the beginning of the month, plus total income, minus total expenses equal?

2. Why are vacations considered to be a work expense?

3. What will eventually run out?

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

5. What is the intrinsic value of money?

Short Essay Questions

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

2. How do the authors compare budgeting with dieting?

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

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

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

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

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

8. For Step 4, what is the third question program participants should ask, regarding every expense on their chart? What does this question prompt people to do?

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

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

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

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 3

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?

(see the answer keys)

This section contains 790 words (approx. 3 pages at 300 words per page) View a FREE sample