Client and Planner Attitudes, Values, and Biases

Free CFP Exam lesson in Psychology of Financial Planning. 13 min read, ~1,992 words.

Four money scripts: avoidance (money is bad), worship (money solves everything), status (money = self-worth), vigilance (money must be guarded); only vigilance correlates with positive outcomes. Financial socialization forms money attitudes in childhood through family experiences, fueling conflict in couples from different backgrounds. Financial self-efficacy (confidence to act) is not...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• H.65

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