Month: August 2019

How to Become the Next Millionare Next Door

On today’s episode, we discuss the characteristics that predict an individual’s propensity to build wealth, why physicians have a bed reputation in this department and what we can do to improve, with industrial psychologist, Dr. Sarah Stanley Fallaw.  Dr. Fallaw is the author of The Next Millionaire Next Door and the founder of DataPoints LLC, a research and technology company that provides advisors and individuals with behavioral science tools to achieve financial success. DataPoints created the industry’s first assessment of individual propensity to build wealth based on The Millionaire Next Door. Her research on psychometrics and financial psychology has been featured in conferences and publications including Industrial and Organizational Psychology and the Journal of Financial Services Professionals. Sarah received her Ph.D. in Applied Psychology from the University of Georgia in 2003.

We dive into the six behavioral components that contribute to an individual’s propensity to build wealth: social indifference, frugality, an internal locus of control, confidence in financial literacy, contentiousness, and planning and monitoring.  We discuss how a few big decisions can have far reaching consequences on our ability to accumulate wealth, like choosing a neighborhood and choosing a spouse and creating a long-term financial plan.  She gives us some smaller habits to help us develop our wealth building potential, like suggestions for apps that allow us to check in on our finances easily, reading blogs or books to allow us to realize how much control we do have, and we end with how she is passing that wealth building mindset on to her children.

How to Become the Next Millionare Next Door

On today’s episode, we discuss the characteristics that predict an individual’s propensity to build wealth, why physicians have a bed reputation in this department and what we can do to improve, with industrial psychologist, Dr. Sarah Stanley Fallaw.  Dr. Fallaw is the author of The Next Millionaire Next Door and the founder of DataPoints LLC, a research and technology company that provides advisors and individuals with behavioral science tools to achieve financial success. DataPoints created the industry’s first assessment of individual propensity to build wealth based on The Millionaire Next Door. Her research on psychometrics and financial psychology has been featured in conferences and publications including Industrial and Organizational Psychology and the Journal of Financial Services Professionals. Sarah received her Ph.D. in Applied Psychology from the University of Georgia in 2003.

We dive into the six behavioral components that contribute to an individual’s propensity to build wealth: social indifference, frugality, an internal locus of control, confidence in financial literacy, contentiousness, and planning and monitoring.  We discuss how a few big decisions can have far reaching consequences on our ability to accumulate wealth, like choosing a neighborhood and choosing a spouse and creating a long-term financial plan.  She gives us some smaller habits to help us develop our wealth building potential, like suggestions for apps that allow us to check in on our finances easily, reading blogs or books to allow us to realize how much control we do have, and we end with how she is passing that wealth building mindset on to her children.

The Student Loan Planner helps you to financial freedom

Travis Hornsby founded Student Loan Planner after helping his physician wife navigate ridiculously complex student loan repayment decisions.  He helps us parse through the complexity of optimizing your student loan repayment strategy.  He gives us an overview of the different repayment systems, who qualifies and who doesn’t and why it seems like nobody qualifies right now. We get a little political as he predicts what’s going to happen to the current system as well as the student loan forgiveness the democrats are discussing.

To date, Student Loan Planner has consulted on over half a billion in student debt. Travis is a Chartered Financial Analyst and brings his background as a former bond trader, trading billions of dollars. He brings that same intensity to analyzing the best repayment paths for graduate degree professionals with six figures of student debt. Student Loan Planner has helped over 2,000 clients save over $100 million dollars on their student loans.

The Student Loan Planner helps you to financial freedom

Travis Hornsby founded Student Loan Planner after helping his physician wife navigate ridiculously complex student loan repayment decisions.  He helps us parse through the complexity of optimizing your student loan repayment strategy.  He gives us an overview of the different repayment systems, who qualifies and who doesn’t and why it seems like nobody qualifies right now. We get a little political as he predicts what’s going to happen to the current system as well as the student loan forgiveness the democrats are discussing.

To date, Student Loan Planner has consulted on over half a billion in student debt. Travis is a Chartered Financial Analyst and brings his background as a former bond trader, trading billions of dollars. He brings that same intensity to analyzing the best repayment paths for graduate degree professionals with six figures of student debt. Student Loan Planner has helped over 2,000 clients save over $100 million dollars on their student loans.

Physician’s Guide to Trauma-Informed Healthcare Approaches with Dr. Megan Gerber

Megan Gerber, MD, MPH is a general internist with a career-long focus on the medical care of trauma-exposed women. We start out defining trauma and then get introduced to trauma-informed care.  Interfacing with the medical system and physicians can be traumatizing and triggering, so we discussed ways to minimize that, and why it actually isn’t important to identify who needs trauma informed care. We should be taking a “universal precautions” like approach.  She teaches us how to incorporate a routine of respectful care and how we can get the staff involved.  The approach to patients needs to change from questions like “what’s wrong with you?” to “what happened to you?” but this needs to happen within the confines of our time limited schedules, so Dr. Gerber teaches out how to be effective while still respecting the time of those in the waiting room.

She is currently an Associate Professor of Medicine at Boston University and Medical Director of Women’s Health at VA Boston. She holds an adjunct appointment as Lecturer on Medicine at Harvard Medical School.  Her work focuses on optimizing medical outcomes for women who have experienced trauma as well as adapting systems of care to be “trauma-informed” and sensitive to the needs of survivors.  She has authored multiple peer-reviewed publications on intimate partner violence and is the editor of the recently released Springer book, “Trauma-informed Healthcare Approaches: A Guide for Primary Care.”   After a brief hiatus, she is now back and very active on Twitter at @meggerber

https://www.bumc.bu.edu/busm/profile/megan-gerber/

https://www.researchgate.net/profile/Megan_Gerber

 

Physician’s Guide to Trauma-Informed Healthcare Approaches with Dr. Megan Gerber

Megan Gerber, MD, MPH is a general internist with a career-long focus on the medical care of trauma-exposed women. We start out defining trauma and then get introduced to trauma-informed care.  Interfacing with the medical system and physicians can be traumatizing and triggering, so we discussed ways to minimize that, and why it actually isn’t important to identify who needs trauma informed care. We should be taking a “universal precautions” like approach.  She teaches us how to incorporate a routine of respectful care and how we can get the staff involved.  The approach to patients needs to change from questions like “what’s wrong with you?” to “what happened to you?” but this needs to happen within the confines of our time limited schedules, so Dr. Gerber teaches out how to be effective while still respecting the time of those in the waiting room.

She is currently an Associate Professor of Medicine at Boston University and Medical Director of Women’s Health at VA Boston. She holds an adjunct appointment as Lecturer on Medicine at Harvard Medical School.  Her work focuses on optimizing medical outcomes for women who have experienced trauma as well as adapting systems of care to be “trauma-informed” and sensitive to the needs of survivors.  She has authored multiple peer-reviewed publications on intimate partner violence and is the editor of the recently released Springer book, “Trauma-informed Healthcare Approaches: A Guide for Primary Care.”   After a brief hiatus, she is now back and very active on Twitter at @meggerber

https://www.bumc.bu.edu/busm/profile/megan-gerber/

https://www.researchgate.net/profile/Megan_Gerber