Chapter 1 - CHANGE

Question 1

What are the characteristics of change (Bringing About Change)

Answer 1

• Change is a skill - it is learned
• Change takes time - slow and systematic
• Change requires an attitude adjustment
• Change demands action and participation
• Change is about working toward something
• Change is about letting go and holding on

Question 2

In what ways can prioritizing education align with the principles of the M & M Theory in securing financial well-being?

Answer 2

Prioritizing education can lead to enhanced job opportunities, increased earning potential, and overall financial stability, aligning with the core principles of the M & M Theory.

Question 3

According to The Chronicle of Higher Education, what percentage of first-year students considered “the ability to get a better job” as an essential objective for going to college?

Answer 3

85% of first-year students viewed “the ability to get a better job” as a crucial reason for pursuing a college education.

Question 4

What does the M & M Theory refer to?

Answer 4

The M & M Theory symbolizes the importance individuals place on their “Money and their Mama,” representing what matters most to them.

Question 5

Why is it important for a goal to be Relevant based on the text?

Answer 5

A relevant goal should be realistic, desirable, and aligned with personal motivations rather than external pressures or expectations.

Question 6

Explain the significance of Time-Bound goals.

Answer 6

Time-Bound goals have challenging yet realistic deadlines that adapt to changing circumstances, ensuring progress and accountability in goal achievement.

Question 7

What components should a well-written goal include?

Answer 7

A well-written goal should have a Goal Statement with a Target Date, Action Steps, a Narrative Statement, an “I Deserve It” statement, and a Personal Signature.

Question 8

What does SMART stand for in goal setting?

Answer 8

SMART stands for Specific, Measurable, Attainable, Relevant, and Time-Bound.

Question 9

What is the difference between a goal statement and a narrative statement in the context of creating change?

Answer 9

A goal statement is a specific and measurable statement with a target date, while a narrative statement is a description of what your life will look like once you achieve your goal.

Question 10

What is the purpose of an “I Deserve It” statement in goal setting?

Answer 10

The “I Deserve It” statement helps individuals reflect on why they deserve to achieve their goals, addressing any underlying doubts or self-worth issues.

Question 11

What is the significance of change being a skill according to the information provided?

Answer 11

Change is a learned skill that can be acquired and improved with practice, similar to other skills like public speaking or driving a car.

Question 12

Why is action emphasized as a key element in the process of change according to the text?

Answer 12

Change ultimately requires action on mental, physical, spiritual, and intellectual levels to drive transformation and progress towards set goals.

Question 13

Describe the characteristic of Specificity in SMART goals

Answer 13

Specific goals have a clear purpose and direction, detailing what, when, where, and why the goal is set.

Question 14

How can action steps contribute to goal achievement?

Answer 14

Action steps outline specific tasks that need to be completed to reach the goal, providing a roadmap for progress.

Question 15

How does change demand action according to the text?

Answer 15

Change ultimately requires action on mental, physical, spiritual, and intellectual levels to drive transformation and progress towards set goals.

Question 16

How does change take time according to the text?

Answer 16

Change does not happen immediately but is a slow, systematic series of events that eventually leads to the desired end.

Question 17

How does having a clear, focused goal contribute to achieving change according to the text?

Answer 17

Developing a clear, realistic path with small achievable steps is essential for successful change, as highlighted by Chip and Dan Heath’s concept of breaking down big changes into manageable smaller ones for effective transformation.

Question 18

How does having a college degree impact earning potential, as highlighted by the United States Census Bureau data?

Answer 18

Individuals with a college degree, whether Bachelor’s or Associate’s, tend to earn significantly more annually compared to those with only a high school education, showcasing the financial benefits of higher education.

Question 19

How does the “I Deserve It” statement contribute to personal motivation in goal setting?

Answer 19

The “I Deserve It” statement helps individuals reflect on why they deserve to achieve their goals, addressing any underlying doubts or self-worth issues that may hinder their progress.

Question 20

How does the M & M Theory emphasize the importance of education in individuals’ lives?

Answer 20

The M & M Theory underscores that education plays a vital role in securing future financial stability and success for individuals and their families.

Question 21

How does the M & M Theory relate to education?

Answer 21

Education is a crucial part of the M & M Theory as it impacts future financial health for individuals and their families.

Question 22

How does the text differentiate between working toward something and running away from something in the context of change?

Answer 22

True change involves working towards positive goals rather than escaping negative situations, emphasizing a proactive and constructive approach to transformation.

Question 23

How is change described as a skill in the context of creating success through positive change?

Answer 23

Change is likened to a learned skill that requires familiarization with tools, similar to learning activities like public speaking or driving a car.

Question 24

How much more, on average, do individuals with a Bachelor’s degree earn compared to those with only a high school education, according to the United States Census Bureau?

Answer 24

Individuals with a Bachelor’s degree earn approximately $22,800 more per year than those with only a high school education.

Question 25

How should goals be in terms of Measurability according to the information provided?

Answer 25

Goals need to be concrete and measurable, avoiding vague terms like “earn a lot” or “lose some.”

Question 26

What are some common priorities that individuals may overlook due to daily responsibilities, as mentioned in the context of the M & M Theory?

Answer 26

Individuals may overlook important aspects like personal education, career advancement, and financial planning amidst daily tasks and obligations.

Question 27

What is the average annual earnings difference for individuals with an Associate’s degree compared to those with only a high school education, based on the United States Census Bureau data?

Answer 27

Individuals with an Associate’s degree earn around $10,000 more per year than those with only a high school education.

Question 28

What is the key to reaching a goal according to the text?

Answer 28

Making a personal commitment to achieving the goal and dedicating all possible resources towards its completion are vital steps.

Question 29

What is the role of attitude adjustment in creating change?

Answer 29

An attitude adjustment is crucial in transforming one’s mindset and beliefs, enabling individuals to overcome self-doubt and pursue their goals with determination.

Question 30

What is the significance of letting go and holding on in the process of change as mentioned in the information provided?

Answer 30

Individuals need to identify what to retain (positive strengths) and what to release (negative attitudes) in their lives to facilitate meaningful and lasting change.

Question 31

What is the significance of using action verbs in goal statements?

Answer 31

Action verbs in goal statements denote proactive steps towards achieving the goal, enhancing clarity and commitment.

Question 32

What percentage of students, according to The Chronicle of Higher Education, stated that making more money was an important reason for attending college?

Answer 32

72% of students highlighted the “ability to make more money” as a significant factor in pursuing higher education.

Question 33

Why is change important for personal growth and success?

Answer 33

Change directed by individuals creates opportunities for growth, prosperity, competitiveness, and adaptability in a dynamic world.

Question 34

Why is it essential to create a narrative statement about the goal accomplishment?

Answer 34

A narrative statement paints a vivid picture of the benefits and changes that achieving the goal will bring, motivating individuals to stay committed.

Question 35

Why is it important for a goal statement to be specific and measurable?

Answer 35

Specific and measurable goal statements provide tangible evidence of achievement and set a clear target date for accomplishing the goal.

Question 36

Why is it important to sign and post your goal statement?

Answer 36

Signing and posting your goal statement signifies personal commitment and serves as a daily reminder to focus on working towards achieving the set goal.

Question 37

Why is it important to think about the “why” behind your goals according to the information provided?

Answer 37

Understanding the significance of your goals and what they mean to your life enhances motivation and clarity in goal setting.

Question 38

Why is signing and posting the goal statement emphasized in the process?

Answer 38

Signing and posting the goal statement signifies personal commitment and serves as a daily reminder to focus on working towards achieving the set goal.

Question 39

What Are Ten Cornerstones for Success?

Answer 39

• Passion
• Motivation
• Knowledge
• Resourcefulness
• Creativity
• Adaptability
• Open-mindedness
• Communication
• Accountability
• Vision

Question 40

What Do Employers Want?

Answer 40

• Excellent written/oral communication skills
• Problem solving skills
• Capacity to change and learn quickly
• Work well with others
• Computer literacy

Question 41

What are some characteristics of attainable goals?

Answer 41

• Reasonable - challenging but possible
• Believable - you can do it!
• Measureable - concrete, observable steps
• Adaptable - life happens!
• Controllable - you are responsible for change
• Desirable - you must want it and own it

Question 42

What are the Essential Cornerstones for Success

Answer 42

1. Seek Excellence as a Communicator
2. Become a Desire Employee (Strong Work Ethic)
3. Practice Loyalty and Trustworthiness
4. Use Critical Thinking Skills
5. Manage Your Priorities Well
6. Stay Current and Build Transferable Skills
7. Continue to Get Experience and Education
8. Avoid Internet and Social Media Blunders
9. Watch Your Credit Rating
10. Remain Openminded
11. Polish Your Human Relation Skills

Question 43

What is The M&M Theory?

Answer 43

It’s a financial theory

Question 44

What are the key elements emphasized in achieving college success according to the information provided?

Answer 44

Success in college is linked to making choices, sacrifices, and embracing change by stepping outside one’s comfort zone.

Question 45

How is higher education described as a two-way street in the context of college success?

Answer 45

Higher education is portrayed as a reciprocal process where students must give their effort and engagement to receive the benefits of learning and growth.

Question 46

What qualities are highlighted as essential for college success in terms of motivation and responsibility?

Answer 46

College success requires self-motivation, responsibility, and the avoidance of a “victim mentality” mindset that hinders personal growth and achievement.

Question 47

Why is self-management considered crucial for success in college according to the text?

Answer 47

Self-management plays a vital role in college success, with the recommended 2-3 hour rule emphasizing the importance of effective time management and organization.

Question 48

What does it mean to eliminate the “This isn’t Harvard” syndrome in relation to college success?

Answer 48

Eliminating the “This isn’t Harvard” syndrome encourages students to make the most out of their college experience regardless of the institution’s prestige, focusing on personal growth and learning opportunities available.