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Financial behaviors, wealth attitudes, and the science of predicting wealth.
If you’ve spent any amount of time contemplating how you might improve the condition of your health, career, finances, family, spirituality, or other important element of your life, you may inevitably reach the conclusion that a change of some kind is required. Many readers of our blog and books share a common conundrum: they acknowledge a change is necessary (either for themselves or for their client), but they also instinctively know that actually making the[…]
While visiting Santa Cruz last year in August at the FPA Far West Roundup, I stepped into a surf shop on the wharf and saw a magic 8-ball for sale (I’m still not exactly certain what magic 8-balls and surfing have to do with each other). I hadn’t seen one of these things in quite some time, and it reminded me that, much like many of the other toys and games our children play with, the[…]
We recently met with Bill Winterberg from FPPad to demonstrate the DataPoints platform for advisors and chat about financial planning, what keeps all of us from succeeding in meeting our goals, and how behavioral science can help us improve our financial decisions. In this video, you’ll see how behavioral assessments can identify key wealth factors and how a framework for talking about financial decisions allows for better conversations and guidance. Watch the demo here, and[…]
Who will you pick to do the work that matters most to you? There are problems to be solved, ideas to grow, and injustices that need to be addressed. Who have you decided will take on these tasks and this work? If you are considering the creation of a new business, volunteer effort, or any other project where YOU will be the one doing the important work, then you are considering “picking yourself”. Here is[…]
Much of the power and allure of social media for small and mid-size businesses is its simultaneously attractive qualities of cost (i.e., free without using ad features) and power in the opportunity to grab the attention of customers and fans. At DataPoints, for example, we typically use social media to share insights regarding the topics of psychology and wealth, our product updates or releases, and interesting research results. There are professional benefits, too, outside of[…]
Get to know money-related competencies.
Understanding wealth psychology can help avoid behavioral hurdles.
Identify Wealth Potential
Understand your clients’ patterns of financial behaviors. Enhance client potential to build and maintain wealth.
Assess Money Attitudes
Uncover your clients’ attitudes towards saving, spending, and investing.
Determine Risk Tolerance
Assess psychological risk tolerance & guide better investing behaviors with detailed feedback.