Sarah Stanley Fallaw - The Psychology of the Millionaire Next Door | #481

<p>Today’s guest is <a href= "https://datapoints.com/sarah-fallaw/">Dr. Sarah Stanley Fallaw</a>, the author of <a href="https://amzn.to/3MOx4ds">The Next Millionaire Next Door</a> and the founder of <a href= "https://datapoints.com/">DataPoints</a>, which provides technology-enabled financial psychology tools to enhance wealth-building. <span class= "Apple-converted-space"> </span></p> <p>In today’s episode, we look back at some of the key takeaways from her Dad’s book, <a href="https://amzn.to/3KQKQK0">The Millionaire Next Door</a>, one of the most important personal finance books ever written. Sarah shares what’s changed and what’s stayed the same since the book was published in 1996, and how you can try to instill these traits in your kids. <span class= "Apple-converted-space"> </span></p> <p>Then we talk about her company, DataPoints.<span class= "Apple-converted-space"> </span> Sarah explains how she’s able to help advisors learn their clients’ individual personality towards financial decisions and coach them to make better financial decisions. She shares some best practices from working with advisors, how much of this is nature versus nurture, and some of the main differences between genders.</p> <p>-----</p> <p>Follow Meb on <a href= "https://twitter.com/MebFaber"><strong>Twitter</strong></a><strong>,</strong> <a href= "https://www.linkedin.com/in/mebanefaber/"><strong>LinkedIn</strong></a> and <a href= "https://www.youtube.com/channel/UCKvWzzrVUA_DSCoKXL6GU2w?sub_confirmation=1"> <strong>YouTube</strong></a></p> <p>For detailed show notes, click <a href= "https://mebfaber.com/2023/05/17/sarah-stanley-fallaw/"><strong>here</strong></a></p> <p>To learn more about our funds and follow us, subscribe to our <a href= "https://theideafarm.us1.list-manage.com/subscribe/post?u=6750faf5c6091bc898da154ff&id=7249739cdb"><strong>mailing list</strong></a><strong> </strong>or visit us at <a href= "http://www.cambriainvestments.com/"><strong>cambriainvestments.com</strong></a></p> <p>-----</p> <p>Today’s episode is spon