Wealth optimization: A conceptual model of financial literacy, financial socialization, parental norms and money attitude

This study has incorporated an integrated conceptual model which investigates the impact of financial literacy, financial socializations, parental norms and attitude towards money on wealth optimization. Wealth optimization includes budgeting, spending, saving, and investing. The conceptual model is...

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Main Authors:	D. Sundarasen, Sheela Devi, Rahman, Muhammad Sabbir, Othman, Noor Shahaliza, Danaraj, Jennifer
Format:	Article
Language:	English English
Published:	American Scientific Publishers 2016
Subjects:	HG Finance
Online Access:	http://irep.iium.edu.my/56595/ http://irep.iium.edu.my/56595/ http://irep.iium.edu.my/56595/ http://irep.iium.edu.my/56595/1/56595_Wealth%20optimization_Scopus.pdf http://irep.iium.edu.my/56595/2/56595_Wealth%20optimization.pdf

id	iium-56595
recordtype	eprints
spelling	iium-565952017-04-27T06:49:12Z http://irep.iium.edu.my/56595/ Wealth optimization: A conceptual model of financial literacy, financial socialization, parental norms and money attitude D. Sundarasen, Sheela Devi Rahman, Muhammad Sabbir Othman, Noor Shahaliza Danaraj, Jennifer HG Finance This study has incorporated an integrated conceptual model which investigates the impact of financial literacy, financial socializations, parental norms and attitude towards money on wealth optimization. Wealth optimization includes budgeting, spending, saving, and investing. The conceptual model is designed post a rigorous review of relevant literature. Empirical testing of the model is proposed and it is envisioned that the results of the study would increase the awareness amongst all stakeholders, i.e., the young adults, parents, and socialization agents on their role in wealth maximization plans. Additionally, the importance of financial literacy and an individual’s attitude towards money on wealth optimization is also highlighted in this study. The idea is novel and it is intended to make significant contribution to the stream of financial planning and wealth optimization research in a developing country. American Scientific Publishers 2016-12-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/56595/1/56595_Wealth%20optimization_Scopus.pdf application/pdf en http://irep.iium.edu.my/56595/2/56595_Wealth%20optimization.pdf D. Sundarasen, Sheela Devi and Rahman, Muhammad Sabbir and Othman, Noor Shahaliza and Danaraj, Jennifer (2016) Wealth optimization: A conceptual model of financial literacy, financial socialization, parental norms and money attitude. Advanced Science Letters, 22 (12). pp. 4312-4315. ISSN 1936-6612 E-ISSN 1936-7317 http://www.ingentaconnect.com/content/asp/asl/2016/00000022/00000012/art00079 https://doi.org/10.1166/asl.2016.8135
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG Finance
spellingShingle	HG Finance D. Sundarasen, Sheela Devi Rahman, Muhammad Sabbir Othman, Noor Shahaliza Danaraj, Jennifer Wealth optimization: A conceptual model of financial literacy, financial socialization, parental norms and money attitude
description	This study has incorporated an integrated conceptual model which investigates the impact of financial literacy, financial socializations, parental norms and attitude towards money on wealth optimization. Wealth optimization includes budgeting, spending, saving, and investing. The conceptual model is designed post a rigorous review of relevant literature. Empirical testing of the model is proposed and it is envisioned that the results of the study would increase the awareness amongst all stakeholders, i.e., the young adults, parents, and socialization agents on their role in wealth maximization plans. Additionally, the importance of financial literacy and an individual’s attitude towards money on wealth optimization is also highlighted in this study. The idea is novel and it is intended to make significant contribution to the stream of financial planning and wealth optimization research in a developing country.
format	Article
author	D. Sundarasen, Sheela Devi Rahman, Muhammad Sabbir Othman, Noor Shahaliza Danaraj, Jennifer
author_facet	D. Sundarasen, Sheela Devi Rahman, Muhammad Sabbir Othman, Noor Shahaliza Danaraj, Jennifer
author_sort	D. Sundarasen, Sheela Devi
title	Wealth optimization: A conceptual model of financial literacy, financial socialization, parental norms and money attitude
title_short	Wealth optimization: A conceptual model of financial literacy, financial socialization, parental norms and money attitude
title_full	Wealth optimization: A conceptual model of financial literacy, financial socialization, parental norms and money attitude
title_fullStr	Wealth optimization: A conceptual model of financial literacy, financial socialization, parental norms and money attitude
title_full_unstemmed	Wealth optimization: A conceptual model of financial literacy, financial socialization, parental norms and money attitude
title_sort	wealth optimization: a conceptual model of financial literacy, financial socialization, parental norms and money attitude
publisher	American Scientific Publishers
publishDate	2016
url	http://irep.iium.edu.my/56595/ http://irep.iium.edu.my/56595/ http://irep.iium.edu.my/56595/ http://irep.iium.edu.my/56595/1/56595_Wealth%20optimization_Scopus.pdf http://irep.iium.edu.my/56595/2/56595_Wealth%20optimization.pdf
first_indexed	2023-09-18T21:19:52Z
last_indexed	2023-09-18T21:19:52Z
_version_	1777411809179860992

Wealth optimization: A conceptual model of financial literacy, financial socialization, parental norms and money attitude

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