Which of the following best defines wealth?

• Status

• Skill

• Luxury

• Power

Which of the following is NOT considered a productive money habit?

• Earning

• Saving

• Investing

• Hoarding

Evaluate why many people fail to align their financial behavior with the belief that money is important.

• They have limited access to education

• They focus on immediate gratification

• They hold conflicting subconscious values about money

• They lack ambition

From a behavioral finance perspective, how does prioritizing values like family, God, and love over wealth influence long-term financial decisions?

• It leads to over-saving

• It shapes ethical spending and investment patterns

• It diminishes income potential

• It eliminates financial planning

Critically analyze Rule 1: "Wealth is a choice." What implications does this have on personal accountability in financial planning?

• It excuses financial illiteracy

• It limits access to wealth

• It emphasizes proactive financial behavior and mindset

• It equates wealth with luck

How can the concept of a 'value catalyst' transform traditional financial planning models?

• By limiting financial choices

• By shifting focus from goals to outcomes

• By using wealth to intentionally express life values and purpose

• By encouraging consumerism

Suppose a student desires a new laptop. Apply opportunity cost theory to evaluate their three financial choices.

• Buy on installment, save for it, or forget it

• Use credit, save, or wait for a gift

• Weigh long-term gains of saving vs. short-term satisfaction of buying

• Lease it, skip it, or trade in another item

Analyze Rule 3: "Wealth is a choice; poverty is the result of not choosing." What economic theory can challenge this view?

• Structural inequality theory

• Supply and demand theory

• Marginal utility theory

• Rational choice theory

Why is it critical to start building wealth immediately, based on behavioral economics?

• Inflation decreases value

• Compound interest increases later

• Habits formed early have exponential impact over time

• Time value of money is linear

Evaluate the role of the "blessing" stage in the wealth-building process. How does this impact economic sustainability?

• Promotes individualism

• Encourages consumption

• Redistributes resources, creating a circular economy

• Minimizes investment opportunities