My guest on this podcast is Sarah Fallaw, PhD author of the new book. The Next Millionaire Next Door. This is a follow up to the blockbuster book that her father wrote, The Millionaire Next Door. Sarah and her father worked on the follow up together, but he passed away prior to the release. That book was a big inspiration for me to get my financial house in order.
Sarah is an industrial psychologist who runs the firm Data Points where she now studies behavioral finance and the ability for people to build wealth.
In the interview we talk about
- Why doctors were/are under accumulators of wealth
- What issues are different now than when the last book came out?
- What are the enduring traits of Millionaires Next Door?
- Do MNDs use financial advisors?
- How has social media impacted frugality?
- What kind of homes/cars are MNDs purchasing?
You can find out more about Sarah and her company at www.datapoints.com
The Next Millionaire Next Door and the original The Millionaire Next Door are available on Amazon or anywhere else you purchase books.
More episodes of this podcast are available at www.doctormoneymatters.com and Apple Podcasts, Google Play, Stitcher, etc. All episodes are also now on YouTube (Audio only) and Facebook.
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Wealthy DocFebruary 21, 2019 at 4:56 pm
Congratulations on getting her on your podcast.
MND has had such a huge impact on our understanding of finances – especially for physicians.
Some people started avoiding the book because it was too “old.” The update was needed.