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Financial behaviors, wealth attitudes, and the science of predicting wealth.
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[…]
The psychology of wealth accumulation is one of our key research areas here at DataPoints. Our research efforts began with a deep analysis of the findings from The Millionaire Next Door. This book demonstrated the habits and lifestyle of those who accumulate wealth on their own, and the key behaviors that allow individuals to transform income into wealth were confirmed in The Next Millionaire Next Door. This body of research, as well as research from other academic fields,[…]
In the field of industrial-organizational psychology, we assume that organizations operate within complex environments and can shift and change depending on those environmental forces and by the individuals that work within those companies. In light of this foundational premise, it only makes sense to explore how a change in the way individuals view work, income, and retirement might impact the organizations with which they are involved. A New Approach to Careers? The growing financial independence/retire[…]
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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
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