On Episode 035 of the Your Financial Pharmacist Podcast, Tim Baker, CFP interviews Sarah Stanley Fallaw, Ph.D, the founder and President of Data Points and they discuss money tips and behavioral finance. Sarah is continuing the study of wealth in America started by Thomas J. Stanley, Ph.D. using analytics to identify and develop wealth potential.
Show Notes
- How Sarah’s company applies the lessons in The Millionaire Next Door by Dr. Thomas Stanley
- Discussion about the factors that measure our propensity to build wealth
- Frugality
- Confidence
- Focus
- Social Indifference
- Responsibility
- Planning & Monitoring
- The importance of net worth
- How to apply behavioral finance between couples
- Role responsibility
- How to approach if partners are dissimilar and similar
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