How Your Personality Affects Your Finances, with Dr. Sarah Stanley Fallaw
Afford Anything | Make Smart Money Choices
Paula Pant | Cumulus Podcast Network
4.7 • 3.6K Ratings
🗓️ 4 May 2020
⏱️ 73 minutes
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Summary
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| 0:00.0 | You can afford anything but not everything. |
| 0:11.0 | Every choice that you make is a trade-off against something else. |
| 0:13.8 | And that doesn't just apply to your money, that applies to your time, your focus, your |
| 0:17.9 | energy, your attention, any limited resource that you need to manage. |
| 0:21.8 | There's an opportunity cost with everything. |
| 0:24.2 | And that leads to two questions. |
| 0:25.9 | Number one, what do you value the most? |
| 0:28.4 | Number two, how do you align your day-to-day decision making in a way that reflects that? |
| 0:35.4 | Answering these two questions is a lifetime practice. |
| 0:38.0 | And that is what this podcast is here to explore. |
| 0:40.6 | My name is Paula Pat. |
| 0:41.6 | I'm the host of the Affordable Care Foundation. |
| 0:43.5 | And today, Dr. Sarah Stanley Fala joins us to talk about how your personality affects |
| 0:49.8 | your finances. |
| 0:51.8 | Dr. Fala is the co-author of the next millionaire next door, which she wrote with her father, |
| 0:57.4 | the late Dr. Thomas Stanley. |
| 0:59.9 | He was one of the two authors of the classic personal finance book, The Millionaire Next |
| 1:05.3 | Door, which told the surprising secrets of millionaires in America. |
| 1:10.9 | Both books were the product of incredible amounts of research that went into discovering |
| 1:17.3 | an incredible amount of data about millionaires in the United States. |
| 1:22.1 | What was their early life like? |
| 1:23.8 | How much money, if any, did they receive from their parents? |
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