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1. An exact copy of something, not the thing itself. 2. One theory of the mind states that all physical perceptions, effort, emotion, and thought which a person experiences are recorded continuously, and these recordings can be referred to as “facsimiles.”

The price agreed to acquire a product, service or asset between a knowledgeable and willing buyer and a knowledgeable and willing seller assuming that each party is operating in their own self-interest and the transaction is conducted at arm’s length.

In the process of everyday life, we make decisions after evaluating data from various sources, knowledge, past experiences, other peoples’ opinions, etc. If any of the premises or data inputs is wrong, it may lead us to a conclusion that is not accurate or false. In order to process large amounts of data in the shortest period of time, our brains use previous assumptions to evaluate and make a decision. If one or several of the past assumptions was or has become false or inaccurate, it will lead to successive inaccurate conclusions. Holistic education is the most effective way to develop emotional intelligence and critical thinking. For most adults, unlearning inaccurate conclusions, false assumptions and replacing these with newer, more effective models of the world, data and critical thinking skills provides a foundation for upward social and financial mobility.

1. A very unpleasant feeling of alarm or disquiet caused by the expectation of danger, pain, disaster etc. 2. Terror; dread; apprehension. 3. Anxiety and agitation felt at the real or perceived presence of danger. 4. The feeling of fear covers a wide spectrum of emotion from mild worry and anxiety on one end to terror and freezing, unable to move on the other.

Relating to or involving money or finance.

1. A state in which somebody is able to act and live as he or she chooses, without being subject to any undue financial restraints or restrictions. 2. Release or rescue from being financially bound, or from being confined, enslaved, captured, or imprisoned by the need of money. 3. A person’s right to rule their financial affairs, without interference from or domination by another person or power. 4. The state of being unaffected by, or not subject to, something unpleasant or unwanted due to the lack of finances. 5. The ability to exercise financial free will and make choices independently of any external determining force.

The knowledge of what money is, how it works, financial terminology, all aspects of financial life, and the competence to perform financial management including; decision making, planning, saving, spending, budgeting, cash flow management, lifestyle choices, investing and retirement planning.

The ability of an individual, family or group to improve their economic status, usually measured in income. Financial (also known as Economic Mobility) often leads to social mobility. Lack of Financial Literacy leads to downward mobility and declining social status.

A working document that includes a vision statement, long and short term financial goals, current income and expense statements, balance sheet, cash flow forecast, asset allocation plans, return on investment metrics, tax liabilities and management, life, income and medical insurance policies, financial records archive, future estate and retirement plans, opportunity cost analysis, measurement metrics and milestones, specific action plans to achieve the stated goals, as well as contingency arrangements, alternative courses of action and critical path analysis.

1. The state of living without fear, worry, or concern about a person’s ability to meet their basic financial needs. 2. Peace of mind that current income is sufficient to cover current and unexpected expenses. 3. Confidence that a person can respond effectively to any loss of income, increase in expenses, or unexpected expense. 4. A person’s ability to maintain their standard of living despite an uncertain economy, unexpected expenses, health crisis, or disability. 5. Protection from or resilience against potential financial loss or harm caused by others. 6. Each person’s cost of living, expenses, and lifestyle are different depending on where they live, work, and enjoy leisure time and activities. Therefore, no standard measure or amount of money defines Financial Security as it is deeply personal. If a person is emotionally insecure, no amount of financial resources will have them feeling secure. On the contrary, more considerable available resources necessitate increased reliance on the advice and support of other people, thus exaggerating a person’s emotional insecurity.