Do you see patterns in your spending, saving, and investing behaviors that mirror those of your parents? Or, have you changed because, perhaps, their behaviors didn’t provide the best illustration of how to successfully manage finances? What types of parental experiences are positively related to a child’s future net worth? What sets of experiences would lead to someone accumulating more than his peers, regardless of income, age, and what what gifted to him? In examining …
Why is it that you are not wealthy? Perhaps it is because you are not pursuing opportunities that exist in the marketplace. – The Millionaire Next Door, page 211 Great entrepreneurs find novel and marketable solutions to meaningful problems. This characteristic hasn’t changed since 1996 when The Millionaire Next Door was published, although technology has changed the nature of the problems. Last night, at the Atlanta Startup Village’s monthly meetup, the leaders of five companies …
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. …
We’re piloting new assessments in the upcoming weeks that measure wealth building, risk tolerance, and resiliency. If you’re interested in participating, please sign up here. If you are a professional advisor and would like to have your clients participate, please contact us. …
A recent study from Wells Fargo and Gallup found that approximately 21% of 401(k) participants take out loans or early withdrawals from these plans. Many employees are not quite familiar with the tax consequences that go along with such behaviors. The basics of good money management, while not universally taught, can be identified and learned. Financial literacy is a necessary first step in ensuring individuals make sound financial decisions. However, it is only one …