Tag: attitudes

Openness to Change in Personal Finance

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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[…]

Changing Attitudes and Behaviors Related to Budgeting

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An obvious mechanism to help an individual spend their cash flow in accordance with their financial goals is to employ some sort of budget. But for many of us the idea of constricting any type of behavior, especially the way in which we spend our money, is unpleasant. Even if we label it using the euphemism of a “spending plan.” Volumes of advice and technologies are available to help with the mechanics of putting budgets together and tracking[…]

Beware the Inferential Leap From a Single Data Point

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If you are trying to understand the complex underlying personal characteristics of your client, a potential employee, or even yourself, it goes without saying that you need a good tool (i.e., a good assessment) to measure these not-so-obvious personal features. This is the heart of psychometrics: the science of measuring individual differences (that is, our unique personal characteristics). Typically psychometrics involves gathering multiple responses related to a characteristic to ensure you’re really measuring what you[…]

Investing Perspective: Sharing Is Caring

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We look to financial advisors to help with the technical mechanics of financial planning, but increasingly we look for advisors to help in managing our financial lives; to serve as expert advisors; and to shape our behaviors to ensure that we can meet goals that are critical to us. DataPoints works with advisers that are focused on their clients well-being–many of whom operate under a fiduciary standard that demands that they never fail to do[…]