Each of us reacts to money and money-related topics on a scale from negative to neutral to positive. Money attitudes are not perfect predictors of financial behaviors. However, how we feel about areas like budgeting, spending, and investing can and does impact our financial goals. Indeed, our attitudes can affect the entire financial planning process,[…]
If you’ve spent any amount of time contemplating how you might improve the condition of your health, career, finances, family, spirituality, or another 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[…]
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[…]
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[…]
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[…]