week 1- behavioral finance theory
psychology
50-20-30 rule
50% of net pay for needs, 30% for wants and 20% for savings and debt repayment.
responsible for looking after our data and ensuring that the data we give to companies and apps are stored correctly and safely.
cybersecurity engineer
this part of card insurance is required by states
liability
he start investing before he was even a teenager, and he's worth billions now
Warren Buffet
the use of financial management principles with respect to individual and family planning
personal finance
ATM
automated teller machine
This includes jobs such as AI and Machine learning specialists Process automation specialists Big data specialists Data scientists and data engineers Analytics specialists.
AI Specialist
liability insurance
pay for the other persons damages, etc...
putting money into something with the expectation that it will generate income or the value will appreciate in future or profit.
investment
behavioral finance is a _________________ of finance
subcategory
the amount a current account is in deficit/credit
balance
ability to provide a secure, transparent, and decentralized platform for recording transactions. This technology ensures that each transaction is encrypted and linked to the previous one, creating an immutable record that is nearly impossible to alter.
Blockchain Specialist
it protects your car and pays for damages
car insurance
return, risk, safety, liquidity
characteristics of investment
are we rational with our money without know about behavioral finance?
no
check cashing store
where you can cash a check for a small convenience fee
With a push toward greener energy, it’s highly likely that we will see more wind turbines being built across the world. With the building of more wind turbines comes a need for people to keep them in tip-top working condition, meaning service technicians will be needed more than ever!
Wind Turbine Service Technicians
what happens if you get into an accident without insurance
you get a ticket, a fine, and have to pay all damages out of pocket.
1.Maximisation of return 2.Minimisation of risk3.Hedge against inflation
objectives of investment
Selectively filter and pay more attention to information that supports our opinion while ignoring any thing that may dispute it.
Confirmation Bias
a tax-advantaged account that allows individuals covered under high-deductible health plans to save for qualified medical expenses.
heallth savings account
Content is king, as it continues to be one of the most effective marketing strategies. Content creators are key in forging brand stories and enhancing customer engagement, whether through the creation of engaging blog content, the design of striking social media imagery, or the production of educational videos.
Content Creators
what is insurance in general
payment to have protection against unexpected, negative accidents
long term vs short term activity with money
investment vs gambling