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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 frugal people research before purchasing items?

2. What should people do with their extra money, once they earn more per month than they spend?

3. How does the realization that not all work is paid add life to retirement?

4. What usually happens after a person retires from their job?

5. In the 101 SURE WAYS TO SAVE MONEY section, what do the authors advise people to do in order to save on housing?

Short Essay Questions

1. How do peoples' words cause them to identify themselves personally with their jobs? Why is this a problem?

2. What job-hunting advice is included in the book?

3. Why are most people happier when their jobs are not related to their passions?

4. What are the advantages of predicting when the crossover point will occur?

5. What will participants inevitably end up doing if they strive to maximize income and minimize expenses? As a result, what should they do next?

6. What are 1,000,001 SURE WAYS TO SAVE MONEY?

7. What span of time should the wall chart cover? Why?

8. Why do volunteers often feel more fulfilled than ever before?

9. Summarize the 10 SURE WAYS TO SAVE MONEY.

10. What is Step 7? What are the advantages of following this step?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

The authors express displeasure with each of the following concepts: business as usual; over-consumption; keeping up with neighbors; the rat race; and clutter. Choose one concept and analyze why the item causes problems for individuals, for society, and for the planet.

Essay Topic 2

What is inflation? Why are retired people largely inflation-proof, according to the authors? What strategies can anyone use, whether retired or not, to avoid the effects of inflation?

Essay Topic 3

Expand upon the authors' comparison between budgeting and dieting. Why are honest record-keeping and frugality better tools for managing finances than a budget? What terms would parallel record keeping and frugality, in terms of managing food intake?

(see the answer keys)

This section contains 910 words (approx. 4 pages at 300 words per page) View a FREE sample