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Americans are stressed about money. The latest report from the American Psychological Association (APA) on stress finds that money is the most frequently reported stress factor, followed by work, the economy, family responsibilities, and personal health. The report indicates that 72% of Americans feel stressed about money some of the time, and over a quarter (26%) of Americans feel stressed about money most or all of the time. According to the study, the most …
Can a disciplined approach help create wealth? Some still contend that it can only have a limited impact in most cases. However, in the case of becoming financially independent, the self-made millionaires highlighted in The Millionaire Next Door demonstrated the value of “rigid rules of behavior:” spending less than they earn, limiting the trading of investments, etc. Data Points’ research demonstrates the value of behavior and experiences in the prediction of net worth, regardless of one’s …
“Not having enough money for retirement” was the most common financial concern for Americans according to a report from Gallup. Approximately 60% of Americans were very/moderately worried about money for retirement, followed by “not being able to pay for medical costs of a serious illness/accident” (55% very/moderately worried), and then by “not being able to maintain the standard of living you enjoy” (46% very/moderately worried). Approximately 50% of Americans are “very” or “moderately” worried about three …
Would you hire a professional advisor based on his or her social media profile? While examining the tables and data in the chapter titled “Time, Energy, and Money” in The Millionaire Next Door, I reread the section titled “Who are your suppliers?” It reads in part: How did you hire your household’s financial advisor? Did you list the position in the help-wanted section of your local newspaper? Did you evaluate the stacks of resumes your …
Data Points is changing the way institutions and individuals understand the nature of wealth-building. I am excited to announce the members of Data Points’ advisory board, a group that will provide expertise as Data Points continues to develop products and services based on Dr. Thomas J. Stanley’s research. Each advisor brings wisdom in his respective field and will help propel our business forward. …