Blog

Millionaire Status: Why So Many Men?

By Sarah Fallaw on Oct 19th, 2018 in Books and Publications, Studying the Wealthy

More than anything else, our research findings related to becoming economically successful on our own have more to do with behaviors related to saving, spending, investing, and planning than characteristics that we cannot control, or have little choice over, like how we were raised. We’ve even seen, through the research we’ve conducted at DataPoints, that […]


An Update on “The Book”

By Sarah Fallaw on Aug 15th, 2018 in Books and Publications, Current Events, Studying the Wealthy

On October 1, the book my father and I began writing several years ago will, at long last, make its appearance on bookshelves. The title is The Next Millionaire Next Door, and it focuses on what it will take for this (or any) generation to achieve lasting financial success. Our research revealed (and thus our writing focused on) themes […]


Building Wealth & Minding Your Own Business

By Sarah Fallaw on Dec 7th, 2017 in Current Events, Lessons Learned, Mentor's Corner, Psychology and Careers

One of my students gave a presentation on how to use goal-setting theory to reach financial freedom and at the end he said, “but you’ll never save money if you don’t MIND YOUR OWN BUSINESS,” and this really stuck with me.  In the Twitterverse yesterday, one of my fellow industrial-organizational psychology friends retweeted this quote […]


Career Risks: Now or Later

By Sarah Fallaw on Sep 19th, 2017 in Lessons Learned, Psychology and Careers

In finishing the follow up to The Millionaire Next Door, and specifically in working on the chapter discussing work and careers, there is consistency in the finding that most economically successful individuals must take some sort of risk in their careers. The question is: when an opportunity (risk) is presented, who can take advantage of it? […]


The Great American Summer Job

By Sarah Fallaw on May 24th, 2017 in Current Events, Lessons Learned, Mentor's Corner, Psychology and Careers

Waiting tables, mowing lawns, babysitting, retail sales, camp staff, stockroom: how many of these summer jobs did you have in high school and college? What about the teens you know – are they working this summer? When I saw the headline that retail jobs that once filled the time of teenagers looking to make money […]


The Ultimate in Alone Time

By Sarah Fallaw on Mar 9th, 2017 in Current Events

If you are the mother of small children, or a working mom, or a woman who needs a mental escape from your busy day, the idea of having a place all to yourself is appealing. The latest in ultimate escapism is aptly called the “she shed,” discussed in depth in the Wall Street Journal. In […]


Consumption: Full Speed Ahead

By Sarah Fallaw on Jan 2nd, 2017 in Current Events, Lessons Learned

If part of your work involves educating others on how consumption can affect their ability to build and maintain wealth, looking for outside patterns of data and trends might be a way to bring an “ah-ha” moment to clients, children, friends, or family members. A string of articles in last week’s Wall Street Journal wove an […]


The Gift of Data

By Sarah Fallaw on Dec 22nd, 2016 in Books and Publications, Current Events

The follow up to The Millionaire Next Door is underway, and part of that effort has been analyzing data and merging the findings into the drafted chapters of the new book. A few weeks ago, I visited the team at Kennesaw State University who worked with us to administer the massive survey to assess the habits, behaviors, […]


Assessing Black Friday Fitness

By Sarah Fallaw on Nov 23rd, 2016 in Current Events

The frenzy of holiday shopping started over a month ago, culminating with this week’s Black Friday sales, where an estimated 137.4 million people will shop for something. My father had a lot to say about Black Friday shopping, particularly about those who felt it necessary or were compelled to stand in line for hours waiting […]


On the 20th Anniversary of The Millionaire Next Door

By Sarah Fallaw on Oct 20th, 2016 in Books and Publications, Current Events

As we progress through this election cycle I am having a bout of deja vu.  We’ve been here before. Back in 1996 we were watching another election cycle that involved the Clintons–Bill Clinton versus Bob Dole versus Ross Perot.  We were also seeing increased technology addiction (chatting on dial-up ISPs), and feeling as if threats […]