Money mindset bootcamp exam
The habits and biases behind every money decision. This exam mixes questions from every lesson in the track. Each explanation links to the lesson it came from.
- Understand loss aversion before it drives a money decision
1. Loss aversion means…
- Understand loss aversion before it drives a money decision
2. A useful reframe is…
- Step back from financial FOMO
3. A sign of FOMO is…
- Step back from financial FOMO
4. Why can buying a popular asset late be costly?
- Give every dollar the same value: mental accounting explained
5. Mental accounting is…
- Give every dollar the same value: mental accounting explained
6. Is every mental bucket bad?
- Make future savings easier than today’s impulse
7. Present bias means…
- Make future savings easier than today’s impulse
8. Best tool against present bias?
- Define enough and give your money a purpose
9. Why define “enough”?
- Define enough and give your money a purpose
10. Is “enough” the same for everyone?