Podcast appearances and mentions of sarah fallaw

Tim Ulbrich shares insights from seven financial books that shaped his journey, offering key lessons on saving, spending, mindset, and building wealth. Summary In this episode, Tim Ulbrich highlights seven impactful financial books that shaped his journey, including I Will Teach You to Be Rich by Ramit Sethi, Die with Zero by Bill Perkins, and Rich Dad, Poor Dad by Robert Kiyosaki. He shares key takeaways on topics like balancing saving and spending, adopting a wealth-building mindset, and spending for happiness. Mentioned on the Show YFP on YouTube YFP 390: Financial Resolutions: Top 5 Moves for Pharmacists in 2025 I Will Teach You To Be Rich by Ramit Sethi  Die with Zero by Bill Perkins Rich Dad, Poor Dad by Robert Kiyosaki Tax Free Wealth by Tom Wheelwright The Millionaire Next Door by Dr. Thomas Stanley The Next Millionaire Next Door by Dr. Sarah Stanley Fallaw The Compound Effect by Darren Hardy The Total Money Makeover by Dave Ramsey Happy Money: The Science of Happier Spending by Elizabeth Dunn and Michael Norton YFP 200: An Interview with Sarah Fallaw of The Next Millionaire Next Door YFP Disclaimer Subscribe to the YFP Newsletter Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group  

Tim Ulbrich reviews seven impactful finance books he recommends for both seasoned investors and beginners to gain strategies and inspiration for success. Summary In this episode, Tim Ulbrich continues the discussion from Episode 341 on "5 Financial Moves to Make in 2024." The fifth "move" was about "setting a plan for your personal finance learning," and this week, Tim dives into seven personal finance books that have profoundly influenced his financial journey. With no particular order in mind, Tim shares insights from each book and how he has implemented key takeaways into his own financial plan. You can find links to all these recommended books in the show notes. Tim emphasizes that these are not just any books – they are ones he frequently recommends or gifts to others, and they have played a crucial role in his and his wife, Jess',  journey towards achieving financial freedom. Whether you're a seasoned investor or just starting on your financial journey, these books are a must-read (or re-read) in 2024. Tune in for valuable insights and inspiration to help you pave your way to financial success! About Today's Guest Tim Ulbrich is the Co-Founder and CEO of Your Financial Pharmacist. Founded in 2015, YFP is a fee-only financial planning firm and connects with the YFP community of 15,000+ pharmacy professionals via the Your Financial Pharmacist Podcast podcast, blog, website resources and speaking engagements. To date, YFP has partnered with 75+ organizations to provide personal finance education. Tim received his Doctor of Pharmacy degree from Ohio Northern University and completed postgraduate residency training at The Ohio State University. He spent 9 years on faculty at Northeast Ohio Medical University prior to joining Ohio State University College of Pharmacy in 2019 as Clinical Professor and Director of the Master's in Health-System Pharmacy Administration Program. Tim is the host of the Your Financial Pharmacist Podcast which has more than 1 million downloads. Tim is also the co-author of Seven Figure Pharmacist: How to Maximize Your Income, Eliminate Debt and Create Wealth. Tim has presented to over 200 pharmacy associations, colleges, and groups on various personal finance topics including debt management, investing, retirement planning, and financial well-being. Mentioned on the Show YFP 341: 5 Financial Moves to Make in 2024 YFP 200: An Interview with Sarah Fallaw of The Next Millionaire Next Door I Will Teach You To Be Rich by Ramit Sethi  Die with Zero by Bill Perkins Rich Dad, Poor Dad by Robert Kiyosaki Tax Free Wealth by Tom Wheelwright The Millionaire Next Door by Dr. Thomas Stanley The Next Millionaire Next Door by Dr. Sarah Stanley Fallaw The Compound Effect by Darren Hardy The Total Money Makeover by Dave Ramsey Happy Money: The Science of Happier Spending by Elizabeth Dunn and Michael Norton Subscribe to the YFP Newsletter YFP Planning Tim Ulbrich on LinkedIn YFP on Instagram YFP Facebook Group Your Financial Pharmacist YFP Disclaimer YFP Newsletter

Kathleen and Jeff speak with Dr. Sarah Fallaw. Sarah is a psychologist, researcher, and founder-president of DataPoints, the first behavioral assessment company for financial services. DataPoints uses tools that pinpoint financial attitudes, wealth-building behaviors, and investor risk tolerance to uncover client money mindset. She co-authored The Next Millionaire Next Door, continuing the study of wealth in America started by Thomas J. Stanley, Ph.D. https://datapoints.com/ https://www.linkedin.com/in/sarahfallaw/ https://twitter.com/sarahfallaw https://www.facebook.com/datapoints

Does your household need a Chief Financial Officer? Revisit this throwback episode of the Building Us podcast, where hosts Erik Garcia, CFP®, and Dr. Matt Morris, LPC, LMFT. are joined by Sarah Fallaw, President at DataPoints, to discuss what it takes to run a financially successful household. Episode Highlights: Sarah shares her background in industrial psychology, and how she has applied the data and research that her father began back in the 80s. (3:26) Sarah shares her thoughts on income and wealth. (6:06) Sarah explains the DataPoints research findings on how to run a financially successful household. (6:29) Sarah shares what the household CFO is all about. (8:26) How do you decide who is the household CFO? (11:04) Sarah shares their purpose at DataPoints. (19:00) Sarah discusses some of the things that we can do to perform better tasks as household CFO. (21:23) What's the correlation between setting aside time to manage money and amassing wealth? (31:52) Key Quotes: “No matter where you are, if you are being frugal, living below your means, ignoring what the people around you are doing, those folks tend to build wealth faster than those who spend everything that they have.” – Sarah Fallaw “The more disciplined we are, when we have a plan, the better off we are. If we're able to create a plan that makes sense, that has a goal that's meaningful to you, and you're able to be disciplined in following the plan, you have a better chance of success.” – Sarah Fallaw “What can we automate and what will you be responsible for? I think that by doing that, make sure nothing slips through the cracks. But then, you've got this discipline in place even if it's something that's using technology, it's a discipline.” – Sarah Fallaw Resources Mentioned: Sarah Fallaw LinkedIn DataPoints Dr. Matt Morris, LPC, LMFT Matt Morris & Associates Erik Garcia, CFP®, BFA Xavier Angel, CFP®, ChFC, CLTC Plan Wisely Wealth Advisors

Today, I'm talking to Dr. Sarah Fallaw. Sarah is the founder and president of DataPoints, where she provides her clients with technologically enabled financial psychology tools to enhance wealth building. If you've been following the podcast, you've likely seen Sarah's writing and research in our Weekend Reading for Retirees series. Her work has been featured in the Journal of Financial Planning, Financial Planning Review, and Industrial and Organizational Psychology.  In her book, The Next Millionaire Next Door, she updates her father's classic text (and one of my dad's favorite books) to answer the question: what does it take to be the Millionaire Next Door today?  In our conversation, Sarah shares the biggest lessons she took away from her father, Dr. Thomas J. Stanley. We explore the traits that set people up to succeed in life and business, what it means to be wealthy in this modern era, and the common behaviors we see in clients of all ages when making effective financial decisions. GET A FREE COPY OF SARAH'S BOOK, THE NEXT MILLIONAIRE NEXT DOOR Here's all you have to do... Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes. Step 2.) Text BOOK, that's B-O-O-K to 866-482-9559 for a link to our book request page, complete the form and we will ship you the book for free. It's that simple! In this podcast interview, you'll learn: Why there's a difference between being rich and well-off. How social media–and watching people drive, buy, and wear things–may have a huge impact on the next generation of savers. Why successful investing behaviors can be learned and improved–and how to do it. The difference between behavioral finance and financial psychology. Sarah's advice for the millionaire next door who has more than they need, but struggles to enjoy what they've worked so hard for in retirement. Show Notes: RetireWithPurpose.com/357 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

Today, Ed is joined by Sarah Stanley Fallaw, Ph.D. She is the author of The Next Millionaire Next Door and the founder and President of DataPoints LLC, a company that provides technologically-enabled financial psychology tools to enhance wealth-building. “We give you tools to understand your clients' money mindset,” says Sarah regarding DataPoints' mission. Listen in as she lays out the basic competencies of financial literacy, pointing to the unfortunate reality that “managing your financial life is essentially a job that very few of us are trained to do.” Sarah throws back the curtain to reveal what makes The Millionaire Next Door tick. She discusses the traditional career path of the “average” U.S. millionaire and the typical relationship dynamics between high-net-worth families. She and Ed also dive into how people of different personality traits—in Ed's case, being incredibly high in agreeableness—maintain a healthy money mindset and the typical gaps that prevent many from growing their wealth. Key Topics: Sarah's foray into financial psychology (08:20) How survey research works (13:51) Writing The Millionaire Next Door (18:34) The typical career path of The Millionaire Next Door (27:42) Explaining wide income distributions within the same neighborhood (32:36) Staying financially healthy if you're high in agreeableness (40:28) The typical quality of marriages of Millionaires Next Door (43:40) What financial planners need to know about DataPoints (47:35) Resources: Dr. Sarah Fallaw - LinkedIn The Next Millionaire Next Door (book) DataPoints LLC Connect With Healthy Love and Money: Schedule your free 30-Minute Discovery Call About Therapy-Informed Financial Planning™. Learn about your money and attachment style with this short Attachment Style Quiz. Buy the Double Award Winning Book: The Healthy Love and Money Way. Hit Follow on Your Favorite Podcast Player To Get the Latest Episodes.

In this episode, Wes interviews Dr. Sarah Fallaw, an industrial psychologist, the founder and president of DataPoints, and co-author of The Next Millionaire Next Door: Enduring Strategies for Building Wealth. She's also the daughter of the Dr. Thomas J. Stanley, who was considered one of the foremost experts on wealth accumulation. His book The Millionaire Next Door: The Surprising Secrets of America's Wealthy., was a NYT best seller and shattered the myths many people believed about what it takes to become a millionaire. Sarah and her father were working on the follow-up to The Millionaire Next Door when Dr. Stanley died in a car crash in 2015. Over the next few years, Dr. Fallaw continued what she and her father started, ultimately releasing The Next Millionaire Next Door: Enduring Strategies for Building Wealth in 2018. Sarah joins us to describe what's different about millionaires, more than two decades later… and what's remained the same.In This Episode: DatapointsDr. Thomas StanleyThe Millionaire Next Door The Next Millionaire Next Door Seed- - - - - - - - - - - - - - - -Learn more about CogentBlue Wealth AdvisorsAnalog Advisor is a production of Palm Tree Pod Co.Subscribe Apple Podcast | SpotifyFollow Us Twitter | LinkedIn | WebsiteHave thoughts or ideas for future topics or episodes, email us at hello@analogadvisorpodcast.com- - - - - - - - - - - - - - - -Learn more about Analog AdvisorAnalog Advisor is a production of Palm Tree Pod Co.Subscribe Apple Podcast | SpotifyFollow Us Twitter | LinkedIn | WebsiteHave thoughts or ideas for future topics or episodes, email us at hello@analogadvisorpodcast.com

Imagine going into a meeting with a complete picture of your client's money mindset. You know exactly how they like to communicate about money, that they have a tendency to “keep up with the Jones's”, and that they are likely to panic when the market plummets. Armed with that information, you would know exactly which … Read More Read More

Imagine going into a meeting with a complete picture of your client's money mindset. You know exactly how they like to communicate about money, that they have a tendency to "keep up with the Jones's", and that they are likely to panic when the market plummets. Armed with that information, you would know exactly which behaviors to focus on changing to improve their financial outcomes. But, that kind of information is not readily apparent and difficult to uncover. Which is why behavioral assessments are on the rise around the industry. They have the ability to deliver that information faster and more reliably. Sarah Fallaw founded DataPoints to equip advisors with these assessments and show them how to use them in their practice. In this episode, we discuss: The four tools that Sarah recommends advisors use to help assess their client's money mindset How these tools help to first bring awareness to behavioral issues and why that's so important to changing behavior How to communicate to client the benefits of better understanding their own beliefs and behaviors The problem with most risk tolerance questionnaires How using these tools can actually serve as a way to measure the behavioral value of advice And way more! *For more resources discussed in this episode, check out www.wiredplanning.com/episode35 *For more resources and insights on mastering the human side of money (including our popular "Wisdom Round-Up" email), go to www.wiredplanning.com.

Tim Baker discusses why net worth matters, how to calculate your net worth, and why net worth, not income, is the true indicator of your financial health. Mentioned on the Show Join APhA - Get 25% Off Your Membership with Code: YFP YFP Planning: Financial Planning for Pharmacists eMoney Advisor Seven Figure Pharmacist by Tim Church, PharmD and Tim Ulbrich, PharmD YFP 200: An Interview with Sarah Fallaw of The Next Millionaire Next Door The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley, Ph.D. and Sarah Stanley Fallaw, Ph.D. The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki Book a Free Discovery Call with YFP Planning

Why do some of the super rich describe themselves as frugal? Is it something about the inner psyche that makes us natural savers or spenders? Elizabeth Hotson speaks to Dolly Parton, who despite earning millions, doesn't particularly enjoy spending it. We also hear from Karam Hinduja, banker and scion of the billionaire Hinduja family. Tech entrepreneur, Richard Skellett tells us why he sees being wealthy as a responsibility, plus we hear from big savers, Tim Connor and Francesca Armstrong. We're also joined by Sarah Fallaw, author of The Next Millionaire Next Door, Rachel Sherman, author of Uneasy Street: The Anxieties of Affluence and Elin Helander, behavioural economist, neurologist and Chief Scientific Officer at Dreams, a money-saving app. Producers: Elizabeth Hotson and Sarah Treanor. (This episode is a repeat from 10 Aug 2020) (Picture: piggy bank via Getty Images).

On this episode, sponsored by Insuring Income, Dr. Sarah Stanley Fallaw, co-author of The Next Millionaire Next Door and founder of DataPoints LLC, a behavioral assessment advisor fintech company, joins Tim Ulbrich to talk about the surprising secrets of those who achieve millionaire status, how psychology and personal finance intersect, and why it is so important to understand your financial behaviors and tendencies.   Mentioned on the Show Insuring Income: Get Quotes and Apply for Term Life and Disability Insurance The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley, Ph.D. and Sarah Stanley Fallaw, Ph.D. DataPoints: The Science of Building Wealth YFP 035: The Science of Behavioral Finance YFP Planning: Financial Planning for Pharmacists The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D. DataPoints: Money Personality Quiz Connect with Sarah Fallaw on LinkedIn Follow Sarah Fallaw on Twitter @sarahfallaw DataPoints Blog The Millionaire Next Door Blog

This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny. In this episode of the series, Lauryn and Chloé talk with guest Dr. Sarah Fallaw about the financial behaviors that are important for wealth building. Sarah is the co-author of The Next Millionaire Next Door and founder of DataPoints LLC, a behavioral assessment advisor fintech company. The company created an assessment of wealth-building potential based on The Millionaire Next Door.  If you’re ready to learn how to build wealth and what behaviors you can learn and what habits to adopt in order to make it happen, this is the episode for you! In this episode, Lauryn, Chloé, and Sarah discuss:: The difference between income and net worth Some of the myths about millionaires and what they really do instead The myths or misconceptions people have about building wealth The dangers of watching what others are doing and buying  Six behaviors that predict financial success Why it’s important to understand what your financial planner is doing The importance of believing in your ability to build wealth What to watch out for so you won’t be influenced in your spending decisions Impact of those around us on our financial behaviors and decisions To further connect with Dr. Sarah Fallaw: Twitter: @sarahfallaw LinkedIn: @sarahfallaw https://www.datapoints.com/ The Next Millionaire Next Door If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media: Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore: Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “Money should never change one’s values…. Making money is only a report card. It’s a way to tell how you’re doing.” - Thomas Stanley RESOURCES MENTIONED: Millionaire Next Door https://www.financialstaples.com/this-book-changed-how-i-think-about-money/ Emotion and Intention In Saving Money https://bigthink.com/personal-growth/psychology-saving-money-tracy-thomas?rebelltitem=1#rebelltitem1 How Marketing Influences Our Spending https://www.psychologytoday.com/us/blog/the-science-behind-behavior/201902/how-marketers-influence-how-much-we-spend-big-purchases Wealth Potential Assessment (shorter version of DataPoints assessment I use with clients) https://measure.datapoints.com/survey/e/DLHHyamFf0ZGySdIhLfd  Spending Patterns Assessment  https://measure.datapoints.com/survey/e/pDbfyvDHqwABMRHty21H  Robert Caldini’s book https://www.influenceatwork.com/ Coming up next: In the next episode of the Know Better. Do Better series, we’ll dig more into how your spending habits impact your ability to build wealth.

In this episode of Real Money, Real Experts, we get a deeper dive into the tools and resources developed by Dr. Sarah Fallaw, Co-Author of The Next Millionaire Next Door. Fallaw has spent her career rooted in data and furthered research based on her father's original best-selling book The Millionaire Next Door. The tools and research built by her company, DataPoints provide financial professionals with behavioral assessments to help clients understand their financial competencies. Listen along as Rebecca and Mary talk with Sarah on how to get research into practice. Show Notes:00:50 Sarah Intro03:03 Sarah's Road to the Field of Finance04:14 Understanding personalities of financial clients08:31 Focus on research to achieve results 13:27 Integrating tools and technology 14:24 Meeting Oprah17:50 Your Two CentsShow Note Links:DataPoints LLC: https://www.datapoints.com/Resources:The Next Millionaire Next Door:The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474Influence by Robert Cialdini: https://www.amazon.com/Influence-Psychology-Persuasion-Robert-Cialdini/dp/006124189XAFCPE Membership: https://www.afcpe.org/membership/

What are some of the key takeaways from The Next Normal series? In this episode of the Building Us podcast, hosts Erik Garcia, CFP and Dr. Matt Morris, LPC, LMFT share and reflect on a few of The Next Normal highlights. Episode Highlights: Erik explains where the idea for the Next Normal series came from. (1:47) Matt shares a clip from Brandon Ecker. (2:42) Matt mentions why he loves the idea of intentionality. (3:53) Brandon mentions a book entitled One Small Step Can Change Your Life: The Kaizen Way to Success, by Dr. Robert Maurer. (6:55) Matt shares a clip from Dr. Jose Calderon. (9:36) Dr. Jose Calderon gives a piece of advice on how to have good health. (11:20) Erik shares a clip from Dr. Sarah Fallaw. (17:49) Dr. Sarah Fallaw mentions the significance of discipline. (18:37) Erik mentions why most people lack sufficient self-discipline. (19:49) Matt shares why families must be headed in the same direction, financially. (22:46) Erik shares a clip from Dr. Billy Williams. (25:52) Dr. Billy Williams enumerates the 5 best customers. (26:40) Matt shares a clip from Sr. Rochelle Perrier. (31:17) Sr. Rochelle Perrier shares a piece of advice for the listeners. (32:10) Erik mentions why people must make time for their spirituality. (38:50) Key Quotes: “Sometimes change is thrust upon us. But we are empowered to a certain degree to dictate how we respond to that change. And it's that intentionality in the purpose in which we move forward. So I love this idea of…I want to do things on purpose.” - Erik Garcia, CFP® “I think that for me in 2021, I'm just thinking about the ways that I can continue to contribute to my overall health knowing that maybe one day when I'm not expecting it, I might take a withdrawal. And so I want to make sure that I'm accumulating the health capital to sustain me through whatever difficult time might be on the horizon.” - Dr. Matt Morris, LPC, LMFT “Oftentimes solutions are simple, they're not easy. But accountability, to help with others, the support of others is going to get us to where we need to go. And that's why Matt and I are so passionate about this idea of building us, in the idea of investing in relationships.” - Erik Garcia, CFP® Resources Mentioned: Erik Garcia, CFP® Dr. Matt Morris, LPC, LMFT Garcia Financial Group Matt Morris & Associates

Does your household need a Chief Financial Officer? Sarah Fallaw, President at DataPoints, shares her knowledge and expertise on saving money and being financially successful in this episode of the Building Us podcast, hosted by Erik Garcia, CFP®, and Dr. Matt Morris, LPC, LMFT. Episode Highlights: Sarah shares her background in industrial psychology, and how she applied the data and research that her father began back in the 80s. (4:20) What are Sarah’s thoughts about income and wealth? (6:52) What did Data Points find through the research that they recently did? (7:15) Sarah shares what the household CFO is all about. (9:12) How do you decide who's the household CFO? (13:04) What’s their whole purpose at Data Points? (19:46) Sarah discusses some of the things that we can do to perform better tasks as household CFO. (22:10) What’s the correlation between setting aside time to manage money and amassing wealth? (32:57) Key Quotes: “No matter where you are, if you are kind of being frugal living below your means, ignoring what the people around you are doing, those folks tend to build wealth faster than those who spend everything that they have.” - Sarah Fallaw “The more disciplined we are, when we have a plan, the better off we are. If we're able to create a plan that makes sense, that has a goal that’s meaningful to you, and you're able to be disciplined in following the plan, you have a better chance of success.” - Sarah Fallaw “What can we automate and what will you be responsible for? I think that by doing that, make sure nothing slips through the cracks. But then, you've got this discipline in place even if it's something that’s using technology, it's a discipline.” - Sarah Fallaw Resources Mentioned: Erik Garcia, CFP® Dr. Matt Morris, LPC, LMFT Garcia Financial Group Matt Morris & Associates Sarah Fallaw DataPoints

Dr. Sarah Fallaw shares her insights on the following: - Her research of wealth builders all across the US - What works and what doesn't work - How our behaviours and personalities impact on our wealth creation - Her latest book, a combination of her and her late father's research I hope you enjoy, Paddy Delaney Informed Decisions Resources: - The Next Millionaire Next Door - Datapoints - The Millionaire Next Door   

Today on the show... Term or Whole life insurance? Which one is better for your family? We’ll explain in “No Dumb Questions” with our CFP Erica Cummings from The Harmony Financial Wellness Group at RBC Wealth Management Plus, What’s the psychology behind spending vs saving. Are some people just "wired" to be savers? Continuing the work of her late father Dr Thomas J Stanley, Dr Sarah Fallaw, co-author of The Next Millionaire Next Door and founder/president of DataPoints joins the show Here's the personality assessment test we referred to:  www.datapoints.com/personality We end the show today like we always do, we’ll take “A Seat at the Kid’s Table.” Today we had parents ask their kids- What is a budget? We’ll see what the kids say and what advice our money expert Susan Beacham founder of Money Savvy Generation has for parents. Our Money Victory shout out goes to Lauren Marie! Thank you for listening to the show. I truly hope it is helping you. Feel free to reach out anytime sandywaters989@gmail.com Cheers to each one of you who is on your way to being proud to say you are a financially confident woman! See omnystudio.com/policies/listener for privacy information.

Why do some of the super rich describe themselves as frugal? Is it something about the inner psyche that makes us natural savers or spenders? Elizabeth Hotson speaks to Dolly Parton, who despite earning millions, doesn’t particularly enjoy spending it. We also hear from Karam Hinduja, banker and scion of the billionaire Hinduja family. Tech entrepreneur, Richard Skellett tells us why he sees being wealthy as a responsibility, plus we hear from big savers, Tim Connor and Francesca Armstrong. We're also joined by Sarah Fallaw, author of The Next Millionaire Next Door, Rachel Sherman, author of Uneasy Street: The Anxieties of Affluence and Elin Helander, behavioural economist, neurologist and Chief Scientific Officer at Dreams, a money-saving app. (picture of a piggy bank via Getty Images).

“Let your life lead your money, not your money lead your life” — Dr. Preston D. Cherry How we use our money is a testament to who we are and what we really care about. To achieve your aspirations, you need to have a clear understanding of how to manage your money and resources in a way that improves your life. To do that, our values, aspirations, and money need to be aligned. But how? How do you dream without any ceiling and still make it happen? Get the answers to your questions as Dr. Preston Cherry joins us to talk about gratitude, life aspirations, and how to not let money lead your life! Dr. Cherry is the Founder & President of Concurrent Financial Planning, LLC, a comprehensive financial planning firm serving households and business owners across generational lines. He also serves as a financial advisor’s coach for Carson Group Coaching, a leading national financial advisor coaching, and resource program. He has been published in the Wall Street Journal, ThePennyHoarder.com, The New York Magazine blog The Cut, and the Lubbock Avalanche-Journal. In this episode, Dr. Cherry will share with us why and how he got his Ph.D. We talk about money resources and achieving your life aspirations and how gratitude plays an important part in all of it. Be inspired and motivated to do your best as Dr. Cherry shares his accomplishments and how he did it so that you can too! Highlights: >> Why Dr. Cherry decided to get a Ph.D. in financial planning? >> Imagery and representation >> Aspirations and not limiting yourself >> The connection between aspirations and money resources >> Why you shouldn’t let money lead your life >> Why gratitude matters so much and why you should be grateful always >> What gratitude means for Dr. Cherry >> The emotions of money >> Being honest with yourself and taking personal inventory Resources: >> The Concurrent LIFE MONEY BALANCE Blog (https://www.concurrentfp.com/theconcurrent-lifemoneybalance-blog) >> If You Must Go Into Debt, Here’s What to Consider (https://www.wsj.com/articles/if-you-must-go-into-debt-heres-what-to-consider-11587634201) >> Watch out for Dr. Cherry's upcoming book called "Statements" coming in the Fall 2020 or Spring 2021 Dr. Cherry’s Social Media LinkedIn (https://www.linkedin.com/in/drprestondcherry) Twitter @DrPrestonCherry (https://twitter.com/DrPrestonCherry) Facebook (https://www.facebook.com/concurrentfp/) Concurrent Financial Planning (https://www.concurrentfp.com/) If you loved this episode, you have to listen to these episodes as well: >> The Ins and Outs of Cryptocurrency and Growing From Failure (https://www.minoritymoneypodcast.com/podcast/episode/af002070/the-ins-and-outs-of-cryptocurrency-and-growing-from-failure) >> What School Never Taught You Abou Money (https://www.minoritymoneypodcast.com/podcast/episode/1a283d14/what-school-never-taught-you-about-money) >> Developing the Millionaire Mindset with Dr. Sarah Fallaw (https://www.minoritymoneypodcast.com/podcast/episode/2a7a85d4/developing-the-millionaire-mindset-with-dr-sarah-fallaw) --- I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on (https://www.facebook.com/sharer/sharer.php?u=https://www.minoritymoneypodcast.com/podcast) with a friend. ********** Let's Continue the Conversation! Head on over to the Facebook Group and let’s discuss how we can change the complexion of wealth ( https://www.facebook.com/groups/423846561552747/ (https://www.facebook.com/groups/423846561552747/) )  Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com (mailto:emlen@minoritymoneypodcast.com) Can't wait to meet you.

How do you get out of poverty, create wealth, and be financially independent? Poverty doesn’t only involve money. It is scarcity in different areas of life - time, relationships, education, spirituality. Being surrounded by poverty as a child is enough reason for anyone to persevere and push through in life. Being in dire circumstances can push anyone to do whatever it takes to get their foot out and create a better life. How do you emerge from this and create wealth in all areas of your life? How can you persevere despite your circumstances? Learn how you can break free from the crutches of poverty as we talk about the incredible story of Dr. David Rhoiney who persevered through poverty and is now a surgeon, software developer, entrepreneur, and investor! Get inspired and empowered by his journey and find out how he broke free! He talks about life as a homeless child, the value of financial knowledge and continuous learning, and the importance of perseverance and hard work. You don’t need to have everything - expensive cars, houses, and all the things but you deserve to live comfortably and feel secure. Highlights: >> D Rhoiney’s journey from being homeless as a child to becoming a DO >> What is perseverance? >> How D Rhoiney develop fortitude in the hardest and lowest points of his life >> Making the conscious decision of becoming financially independent >> How to persevere in life despite growing in poverty >> Money conversation and becoming a surgeon >> The value of financial knowledge and learning from others Resources: >> David’s Social Media Twitter @FiSurgi (https://twitter.com/fisurgi) LinkedIn @drhoiney (https://www.linkedin.com/in/drhoiney) Instagram @surgifi (https://www.instagram.com/surgifi/) Facebook @surgifi (https://www.facebook.com/SurgiFI) If you loved this episode, you have to listen to these episodes as well: >> The Ins and Outs of Cryptocurrency and Growing From Failure (https://www.minoritymoneypodcast.com/podcast/episode/af002070/the-ins-and-outs-of-cryptocurrency-and-growing-from-failure) >> What School Never Taught You About Money (https://www.minoritymoneypodcast.com/podcast/episode/1a283d14/what-school-never-taught-you-about-money) >> Developing the Millionaire Mindset with Dr. Sarah Fallaw (https://www.minoritymoneypodcast.com/podcast/episode/2a7a85d4/developing-the-millionaire-mindset-with-dr-sarah-fallaw) --- I’m sure you’re getting tons of value from the podcast! Don’t forget to subscribe on (https://www.facebook.com/sharer/sharer.php?u=https://www.minoritymoneypodcast.com/podcast) with a friend. ********** GET A CHANCE TO WIN A FREE ESTATE PLAN! Do you want to receive a custom Estate Plan to protect your family's future? Join our giveaway and get a chance to win. Visit www.minoritymoneypodcast.com/giveaway (http://www.minoritymoneypodcast.com/giveaway) or share our page on social media. Winner will be announced on the 2nd week of June. ********** Let's Continue the Conversation! Head on over to the Facebook Group and let’s discuss how we can change the complexion of wealth ( https://www.facebook.com/groups/423846561552747/ (https://www.facebook.com/groups/423846561552747/) )  Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com (mailto:emlen@minoritymoneypodcast.com) Can't wait to meet you.

In today’s episode of Plan Wisely Podcast, host Erik Garcia interviews Sarah Stanley Fallaw, Psychologist, Researcher and the Founder and President of DataPoints, the company that created the world's first financial psychology toolkit. Sarah is also the co-author of the best-selling book, “The Millionaire Next Door.” Erik and Sarah discuss the portrait of a millionaire and finding your path to wealth and financial independence.  Episode Highlights:What led Sarah to write and publish the book The Millionaire Next Door? (00:44)What’s the portrait of the millionaire? What does the millionaire look like? (03:00)How well are you managing your financial life? (06:04)Skills, abilities, and competencies required to become financially independent (08:44)Finding your path to wealth and financial independence? (10:01)Who is The Next Door Millionaire? (13:41)Age as a predictor of net worth (16:13)The first generation of millionaires (18:42)Behavioral characteristics of people who have financial success (20:13)Behavioral characteristics that lead to wealth building (22:58)Why do we buy what we do not need? (26:55)The importance of budgeting when it comes to wealth creation (28:18)The correlation between high income and high net worth (30:39)The role of discipline in wealth building (31:31)What is social indifference, and how does it predict net worth? (36:20)3 Key PointsIf you think about managing your financial life as a job, you can always ask yourself what you need to do the job better.A high income does not necessarily mean high net worth.Discipline is mandatory when it comes to financial success.Key Quotes:“You have to work hard for things and don't expect to walk out of college or some kind of training program that you may have been in and all of a sudden things are going to be fine.” - Sarah Fallaw“It's very important to ensure that you're being smart about the things that you use, including your money and part of that does have to do with discipline.” - Sarah Fallaw“Those who can really spend in a way that's conducive to their own goals and ignores the consumption behaviors of their neighbors and friends, tend to build wealth better than those that are heavily Influenced by how everybody else drives, buys and wears things.” - Sarah FallawResources:Sarah Fallaw LinkedInPlan WiselyFINRAData PointsThe Millionaire Next Door Erik's Website: https://www.plan-wisely.com/Erik's YouTube Page: https://www.youtube.com/channel/UCjD-ImfJlSItr5b3zUwKLVA/about?disable_polymer=1Email Erik: Erik@plan-wisely.comCall Erik's Office at 504-218-5479

The markets are going insane, but you don’t have to. That’s why it’s important to know how it’s affecting your investing behavior. Our next guest, Sarah Fallaw, founder of Datapoints and author of The Next Millionaire Next Door, shares what surviving the volatile markets looks like and finding your ideal investor profile. Want the investor profile Sarah is opening up to our audience on a LIMITED basis? Take it here: www.financialresidency.com/datapoints 

Dr. Sarah Fallaw, co-author of 'The Next Millionaire Nextdoor' and President of DataPoints came on the podcast to discuss how psychological tools and risk re-profiling can help you with your clients in this market.   Get An Extended Trail Of DataPoints: www.jaycoulter.com/resilient   Calm your client's nerves with a simple re-profiling of their risk tolerance leveraging the world's first financial psychology toolkit. Using more than 40 years of data and findings that shaped the best-selling book, 'The Millionaire Next Door.'     Connect on Twitter:   Sarah: https://twitter.com/sarahfallaw DataPoints: https://twitter.com/DataPts   Pick-up A Copy Of The Book: www.thenextmillionairenextdoor.com  

There's a greater need than ever to have more diversity and representation in the financial world. In financial planning, there are often barriers that people of color face when it comes to wealth building. With the vast knowledge we have today, it’s time to help minorities achieve a life of stability that they deserve. Join me in this episode as I sit with Dr. Ajamu Loving, Ph.D., CF,  to talk about financial planning for people and families of color. As the first black Ph.D. recipient for Financial Planning in the profession, Dr. Loving has dedicated his life to making financial planning. Highlights: >> Financial planning for people of color >> The economic difference between black and white wealth >> How to impact Black people’s lives in a positive way that helps them financially >> Why people are more important than things >> Maintaining and experiencing professional success Connect with Ajamu Loving (http://ajamuloving.com) >> LinkedIn (http://www.ajamuloving.com/media/) (https://www.facebook.com/breadrenpod/) Resources: >> Black Wealth / White Wealth: A New Perspective on Racial Inequality If you loved this episode, you have to listen to these episodes as well: >> How to Align Your Behaviors With Your Financial Goals >> Developing the Millionaire Mindset with Dr. Sarah Fallaw >> Supporting the Minority Entrepreneur with Kelly Burton, PhD Want to chat with a fee-only financial planner? Shoot me an email at emlen@minoritymoneypodcast.com Can't wait to meet you.

    The idea that income equals wealth is a harmful myth that continues to propagate. People seem to place more importance on looking rich than on actually being rich; on income than on saving and harvesting off the rewards of their investments. That’s not all - there’s also this myth that wealth is evil. But wealth is so much more than income, so much more than the sum of one’s assets and net worth.   In today’s episode, I discuss the harmful myths that revolve around creating wealth. I explain what it means to be truly wealthy and the true purpose of creating wealth. I share ideas and formulas to help you determine your financial fitness. I also share the next steps you can take to help you get closer to financial freedom and wealth creation.       “Real riches are much more than your net worth or the money in the bank. It’s about being free of the day-to-day financial worry.” - Colleen O’Connell-Campbell       Today on I’m A Millionaire…So, Now What:   Harmful myths about wealth What it means to be truly wealthy The formula for determining your financial fitness The next steps to take after knowing your financial fitness     Resources mentioned:   The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas Stanley The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Sarah Fallaw and Thomas Stanley         Book Your Prosperity Discovery Session Today!   Are you ready to double your net worth? Ready to create your roadmap to riches or get your financial life back on track? Join me for a Prosperity Discovery Session today! Let’s unlock your roadmap to riches so you can begin to live your life to the fullest. To book your Prosperity Discovery Session, email me at colleen.campbell@rbc.com to request a free questionnaire and let’s begin your roadmap to riches now!   Spots are limited, so book your Prosperity Discovery Session today!       Subscribe to the I’m A Millionaire, So Now What Podcast! Thanks for joining us for this episode of I'm A Millionaire, So Now What Podcast - the show bringing you inspirational stories, practical strategies, and fun, frank advice for self-made millionaires and wealthy families. If you enjoyed this episode, please subscribe to the show on Apple Podcasts and leave a positive review. Don’t forget to share your favorite episodes with other wealthy families and self-made millionaires on social media!  

Sarah Fallaw, Ph.D., is an Industrial Psychologist, researcher, and the founder and President of DataPoints, a research and technology company that helps individuals achieve financial success. She is the co-author of The Next Millionaire Next Door, a research-intensive follow-up to the Millionaire Next Door by Dr. Thomas Stanley that provides insights into what it takes to become a millionaire today. Sarah's research on psychometrics and financial psychology has been featured in publications, including the Journal of Financial Services Professionals. Under Sarah’s leadership, DataPoints created tools that assess an individual’s tendency towards wealth creation and has been featured in leading financial magazines and websites such as MarketWatch and Money Magazine.   Sarah joins me today to share the characteristics that make a self-made millionaire. She explains why the people who don't look like millionaires are the millionaires and how an individual's social network can influence their wealth creation. She describes why attention and focus are essential in the creation of wealth. She also discusses the importance of parents in building their children’s financial responsibility.       “Individuals who believe that they can impact their financial future tend to have more wealth.” – Sarah Fallaw, Ph.D         Today on I’m A Millionaire…So, Now What:   Who is the millionaire next door? The characteristics that lead to wealth creation How an individual’s network of friends and family can affect wealth Why the neighbors of lottery winners get into debt The difference between affluence and wealth The characteristics make business owners richer How parents can teach their children to be more financially responsible     Sarah Fallaw’s Fun, Frank Advice for Self-Made Millionaires & Wealthy Families:   The next time you’re making a major purchase, think about why you’re making that purchase. It could help you make better decisions.       Resources Mentioned:   Influence: the Psychology of Persuasion by Robert Cialdini The Millionaire Next Door by Dr. Thomas Stanley     Connect with Sarah Fallaw:   DataPoints DataPoints on Twitter DataPoints on Facebook DataPoints on Pinterest Sarah Fallaw on LinkedIn Sarah Fallaw on Twitter       Book Your Prosperity Discovery Session Today!   Are you ready to double your net worth? Ready to create your roadmap to riches or get your financial life back on track? Join me for a Prosperity Discovery Session today! Let’s unlock your roadmap to riches so you can begin to live your life to the fullest. To book your Prosperity Discovery Session, email me at colleen.campbell@rbc.com to request a free questionnaire and let’s begin your roadmap to riches now!   Spots are limited, so book your Prosperity Discovery Session today!       Subscribe to the I’m A Millionaire, So Now What Podcast! Thanks for joining us for this episode of I'm A Millionaire, So Now What Podcast - the show bringing you inspirational stories, practical strategies, and fun, frank advice for self-made millionaires and wealthy families. If you enjoyed this episode, please subscribe to the show on Apple Podcasts and leave a positive review. Don’t forget to share your favorite episodes with other wealthy families and self-made millionaires on social media!

Sarah Fallaw, the author of the Next Millionaire Next Door and the founder of DataPoints discusses how to use behavioral information to help your clients achieve their goals.

Dr. Sarah Fallaw says that having an appreciation for money and what it can do is the best way to start changing your habits despite the influences around you to spend, spend, spend. Here's your chance to listen to this doc who seems to have cracked the finance behavior code!

Here’s the thing I’ve learned over the years. The numbers don’t lie, once created a budget will work, it’s our behaviors and mindset that get in the way sometimes. Join in as Sarah Fallaw, author of The Next Millionaire Next Door and founder of DataPoints.com, dives in and gives us some invaluable information on the process of building that millionaire mindset. Be one of one million! Find, Join, Like. OMA Facebook  OMA Website  OMA FB Community

My guest on today's show is Dr. Sarah Fallaw. Dr. Fallaw and I's discussion centers around her and her fathers work in The Next Millionaire Next Door. We discuss her interest in psychometrics and that's what helped her look at wealth building as an area of interests. The challenge of veterinarians and doctors in general in building wealth. The self-limiting beliefs we often put on ourselves unjustifiably. The lack of financial literacy many people receive throughout their lives. The impact our parents have on our concepts and ideas on wealth. The best way to demonstrate and teach children about good financial habits. Finally, be sure to listen to the end where she talks about the role of communication in building wealth. So with that introduction join me as we discuss all things wealth building with Dr. Sarah Fallaw.  Datapoints: https://www.datapoints.com/ (https://www.datapoints.com/)  The Next Millionare Next Door: https://www.amazon.com/Next-Millionaire-Door-Enduring-Strategies/dp/1493035355 (https://www.amazon.com/Next-Millionaire-Door-Enduring-Strategies/dp/1493035355)  Abigail Disney Interview Link:  https://www.thecut.com/2019/03/abigail-disney-has-more-money-than-shell-ever-spend.html (https://www.thecut.com/2019/03/abigail-disney-has-more-money-than-shell-ever-spend.html)  https://medici.cx/vetsuccess (Learn more about Medici)

Today’s guest is more familiar with The Millionaire Next Door than anyone else. She is Sarah Fallow, the daughter of the late Thomas Stanley, the book's author. Sarah is the Founder and President of DataPoints LLC, a company that provides scientifically validated, automated behavioral finance tools to the financial services industry. As the 20th anniversary of The Millionaire Next Door drew nearer, Sarah worked with her father to do research and development for an updated version of the book. With her psychology and data background and his extensive experience researching millionaires over his career, together they created an outline for what would become a book entitled The Next Millionaire Next Door. Today we’re going to talk to Sarah about her and her late father's findings. What’s changed when it comes to the behavior of millionaires and what can we learn from them? Also, what was it like growing up with Thomas Stanley and how does she hope to carry on his legacy?  To learn more about Sarah Fallow, please visit www.DataPoints.com and follow her on Twitter @SarahFallaw. You can also purchase The Next Millionaire Next Door wherever books are sold. 

Over the past 40 years, Tom Stanley and his daughter Sarah Stanley Fallaw have been involved in research examining how self-made, economically successful Americans became that way. Sarah Fallaw joins Justin to discuss her new book and strategies for building wealth.

My guest on this podcast is Sarah Fallaw, PhD author of the new book. The Next Millionaire Next Door. This is a follow up to the blockbuster book that her father wrote, The Millionaire Next Door. Sarah and her father worked on the follow up together, but he passed away prior to the release. That book was a big inspiration for me to get my financial house in order.  Sarah is an industrial psychologist who runs the firm Data Points where she now studies behavioral finance and the ability for people to build wealth. In the interview we talk about Why doctors were/are under accumulators of wealth What issues are different now than when the last book came out? What are the enduring traits of Millionaires Next Door? Do MNDs use financial advisors? How has social media impacted frugality? What kind of homes/cars are MNDs purchasing? You can find out more about Sarah and her company at www.datapoints.com The Next Millionaire Next Door and the original The Millionaire Next Door are available on Amazon or anywhere else you purchase books. More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube (Audio only) and Facebook. You can follow me on: twitter @drmoneymatters Instagram @doctormoneymatters Facebook @doctormoneymatters Please consider joining the Doctor Money Matters Facebook group. Please share this podcast with your colleagues and join our email list. Thanks for listening and please leave us positive reviews and continue to share this podcast with your colleagues.

Sarah Fallaw, co-author of the new book, The Next Millionaire Next Door, and daughter of Thomas Stanley, author of The Millionaire Next Door, shares insights and data from both the new book, her experiences, and her father. We discuss her recent millionaire studies including how millionaires spend and save their money, what cars they drive, their level of education, and income levels. She divulges how recent findings have differed from the original studies and provides terrific financial advice. 

This episode is high-impact on the perspective of how small actions translate to long-term lifestyle results. Sarah Fallaw tells our audience that behavior and mindset have a lot to do with whether a physician treks the millionaire path or not. Take control of your finances with our free financial audit checklist.

How will YOU become the next millionaire next door? Believe it or not, it's been 23 years since The Millionaire Next Door shook the foundation of what people thought about wealth. You mean LOTS of people built their wealth in other ways than inheriting a bunch of money or working in huge income jobs? ...and that just because you LOOK wealthy doesn't mean you ARE wealthy? Today we talk to Dr. Sarah Fallaw (researcher and also the daughter of Thomas Stanley, author of the Millionaire Next Door) about how YOU can set yourself up to join this elite group. We'll discuss your friends, where you live, financial advisors, and more. Plus in our headlines segment, the results of a new survey are out about investor expectations, and they aren't good. Many investors have...maybe unrealistic ideas about their investment strategies. We'll explain on the show. Plus, one company has created a new credit card that will help you save into your 401(k) plan every time you save. Too good to be true? We'll answer that question on the show. Then we'll throw out the Haven Life Line to Jon, who wants us to shed some light on the difference between a Roth 401k and an after tax basis employee savings and stock ownership plan. Thanks to MagnifyMoney.com for sponsoring Stacking Benjamins. MagnifyMoney.com saves users on average $450 when they compare, ditch, switch and save on credit cards, student loan refinancing, checking, savings and more. Check out MagnifyMoney.com for your savings.  

One of the first books that got me thinking differently about finances and helped me believe that becoming wealthy was within reach was “The Millionaire Next Door.” The impact of the book on my life is hard to describe and is one of the many reasons I invited Sarah Fallaw to be my guest on […]

In this episode of the Maven Money Personal Finance Podcast… Andy is joined by Sarah Fallaw, the president of Datapoints. Enjoy the discussion around some fascinating research.   Quick Preview of the Podcast:   The psychology behind risk. Surrounding yourself with the right people. What does the research say about behavioural finance? "Shoves" coming to a book store near you... maybe.   Links:   Datapoints.com   West Cork   ​Leave a review!         Don't forget to check out the Maven Adviser website for more great content.   So sit back and enjoy unrivalled words of wisdom from Andy Hart - host of the UK’s premier personal finance show.   Is there a topic you’d like Andy to cover? We’d love to hear from you! Contact Andy Hart directly with any comments / feedback on team@mavenadviser.com. Alternatively you can reach out on Twitter @MavenAdviser.       

It’s simply hard work, dedication and increasing your knowledge that will cause you to truly transform your income to net worth and build lasting wealth. Sarah Fallaw and I break down the 6 scientifically proven behavioral factors that influence the likelihood of success of transforming one’s income into net worth. These are the important factors of building wealth on your own and maintaining that wealth. Take control of your finances with our free financial audit checklist.

Learn how behavioral assessment tools could eventually become a way that we show our value as financial advisors where we provide the assessment and show them how we’re helping them change their financial attitudes and behaviors for the better. Access full episode show notes at kitces.com/39.

The science of wealth is in Sarah Fallaw’s DNA. Her father, the late Dr. Thomas Stanley, literally wrote THE book on how and why affluent people accumulate wealth, "The Millionaire Next Door" (1996). Today, Sarah is using her doctorate in applied psychology to create analytics and metrics that carry on Dr. Stanley’s study of wealth-building habits at the company she founded, DataPoints. The proprietary assessment technology Sarah has developed can analyze individual wealth behaviors and reveal the activities that are scientifically proven to impact people's ability to generate wealth over time. On today’s show, Sarah discusses the psychology behind wealth, and how her assessment technology can help financial advisors identify and work well with prospective clients who have strong wealth-building habits.