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Strand 1

TermDefinition
Values
Needs
Wants
Scarcity
Goals
Over Confidence
Fear of Missing Out
Regret Avoidance
Confirmation Bias
Regret Aversion
Endowment Effect
Loss Aversion
Sunk Costs
Hedonic Adaptation
Bandwagon Effect
Economy
Resources
Entrepeneurship
Land
Labor
Capital
Market Economy
Command Economy
Traditional Economy
Mixed Economy
Capitalism
Socialism
Communism
Ultimate Dream Goal
Mission
Vision
Short Term Goals
Midterm Goals
Long Term Goals
SMART Goals
Financial Planning Pyramid
Cash Flow
Risk Profiling
Emergency Fund
Estate
Portfolio
Insurance
Tax Planning
Created by: TrumanFinLit
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