Understanding Desires and Financial Planning

Understanding Desires and Financial Planning

Assessment

Interactive Video

Life Skills, Business

5th - 8th Grade

Hard

Created by

Olivia Brooks

FREE Resource

The video tutorial discusses the concept of controlling desires and wants, emphasizing that wanting something doesn't mean you can have it immediately. It explores the expression 'Wanting is not Power' and its implications on consumerism and financial management. The tutorial provides a practical example of buying a motorcycle, highlighting the importance of patience, organization, and planning in achieving goals.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main topic introduced at the beginning of the video?

Cooking a new recipe

Learning a new language

Controlling desires and wants

Exercising regularly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the phrase 'Wanting is not the same as being able to' imply?

Desires can be fulfilled without effort

You can always get what you want immediately

Having desires doesn't mean you can satisfy them right away

You should never have any desires

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the key messages about life mentioned in the video?

Life is about relying on others for satisfaction

Life is about avoiding all desires

Life is about learning, growing, and working towards goals

Life is about instant gratification

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can consumerism affect your personal finances?

It has no impact

It can only positively affect your finances

It guarantees financial success

It can lead to overspending and debt

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do if you are influenced to spend more than you earn?

Understand your financial limits and control your spending

Seek financial advice

Ignore it and continue spending

Borrow money to cover the extra expenses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step mentioned in the video for buying a motorcycle?

Starting to work and saving money

Borrowing money from friends

Buying it on the first day of work

Ignoring the need for a budget

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it not advisable to buy a motorcycle on the first day of work?

Motorcycles are dangerous

You don't need a motorcycle

You haven't received your salary yet

You might not like the motorcycle

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