Chapter 1—Solutions Manual Beginning Your Financial Journey: The Interior Finance Point of View Introduction to Personal Finance: Beginning Your Financial Journey By John Grable and Lance Palmer Learning Objectives 1.1 Describe how your financial knowledge, experience, risk tolerance, and feelings of control influence the way you view the financial world. 1.2 Explain how your human and social capital relate to your financial well-being. 1.3 Discuss how financial risk tolerance relates to financial goal achievement. 1.4 Use your unique time perspective to create SMART financial goals. 1.5 Describe strategies to overcome mental biases and improve financial decision making and well-being. Key to metadata for questions: LO: Learning objective number BT: Bloom‘s taxonomy [Knowledge (K), Comprehension (C), Application (Ap), Analysis (An), Synthesis (S), Evaluation (E)] Diff: Difficulty level [Easy (E), Medium (M), Hard (H)] TOT: Expected time for student to complete AACSB: Knowledge (K), Communication (C), Ethics (E), Analytic (A), Technology (T), Diversity (D), Reflective Thinking (RT), Not Applicable (NA) Sample rubric for writing questions: Note: It is generally recommended that the rubric be shared with students, so it should be sufficiently general to not give away answers. Notes for instructor: Each writing question will have criteria which are specific to the question. The instructor may want to add or delete grading criteria (rows) depending on the topic and assignment. How each grading criterion will be assessed and the associated points for each level of performance are found in columns 2–5.