Your Chances for Financial Success, Predicted by 3 Questions
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 5 January 2016
⏱️ 29 minutes
🧾️ Download transcript
Summary
It turns out that correctly answering three little questions can predict how financially successful you'll be in life. Sadly most people can't ace the test (but we're confident you can!). We also sit down Tess Vigeland to talk about taking the leap to find happiness in your career and Robert delivers an update on his good habit challenge.
Transcript
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| 0:00.0 | This is Motley Fool Answers. I'm Alison Southwick, and I am joined by Robert Brokamp, |
| 0:08.1 | personal finance expert here at the Motley Fool. And he's also the advisor on Motley Fool's |
| 0:13.2 | Rule Your Retirement Newsletter. How you doing today, bro? |
| 0:15.8 | Great. Happy New Year, everybody! |
| 0:18.0 | Happy New Year! |
| 0:19.0 | We're done reflecting on our lives, and now we're looking ahead to all the amazing things |
| 0:23.6 | we want to accomplish in 2016. |
| 0:25.6 | So today, we're going to look into our crystal ball with three questions that determine whether |
| 0:29.6 | you're going to be financially successful in life. |
| 0:32.6 | And I sit down with Tess Figglin to talk about her book, Leap, leaving a job with no plan B |
| 0:36.6 | to find the career |
| 0:37.6 | and life you really want. |
| 0:39.4 | All that and more on this week's episode of Molly Full Answers. |
| 0:43.9 | So it turns out, three little questions can determine how financially successful you're |
| 0:49.9 | going to be in life. |
| 0:51.2 | Tell me all about this, BroCamp. |
| 0:52.3 | Well, it comes from the work of two professors, |
| 0:54.8 | Olivia Mitchell, of the Wharton School in Pennsylvania and Anna Maria Lusarty over at George |
| 0:59.3 | Washington School of Business in Washington, D.C. And they've done research for years on financial |
| 1:04.8 | literacy. And they have developed this test that has three questions. And they have found that |
| 1:10.8 | people who are more financially |
| 1:12.3 | literate end up doing better in life when it comes to money. They plan more, they save more, |
... |
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