In a recent episode of The Most Hated F Word podcast, Shaun Masylk spoke with Dr. Sarah Fallaw about The Scientific Research Behind Money-Related Personality of Self-Made Millionaires. How does personality impact financial decision-making? How do people move from income to wealth? Can you elicit similar behavior change from varied personalities?
“One of the components or characteristics of individuals that can transform and come into wealth whether they’re millionaires yet or not – tends to be their ability, or rather, their viewpoint that they, in essence, control their financial destiny…if we believe we have some control and ability to make financial decisions on our own and can control some of the outcomes of what we do, we will have a higher likelihood of being financially successful.”