Your Money or Your Life Test | Mid-Book Test - Hard

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.

Your Money or Your Life Test | Mid-Book Test - Hard

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Your Money or Your Life Lesson Plans
Name: _________________________ Period: ___________________

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

Short Answer Questions

1. What must a person do to become financially independent?

2. What are comforts, as defined in Chapter 1?

3. What is Step 1, Part 1 of the program?

4. Which perspective is the notion of "keeping up with the neighbors" part of?

5. Earning, saving, and spending money are part of which perspective?

Short Essay Questions

1. Where does the "rat race" come from?

2. 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?

3. What is the first part of Step 3?

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

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

6. 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?

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

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

9. What happens when businesses operate according to the theory that "growth is good?"

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

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

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 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)

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