Sarah: My father was a marketing research professor for a long time, that was his focus. Could you tell a little bit about the research that your dad did in his book, and then why 20 some odd years later you guys decide,” hey let’s do this again.” I’m curious on the studies and the research that you did what you found was different and what you found was it was the same. Well let’s start here for some of our listeners, we have a lot of listeners that have probably lived under a rock and are not familiar with your father’s book. Your father’s book was like mandatory reading when I got into the business about 20 years ago.
THE MILLIONAIRE NEXT DOOR AUDIO PLUS
So it’s been kind of been a family affair if you will for a long time< and the book came out in October and it really looked at how things have changed over the last 20 plus years in terms of what self-made affluent Americans look like. Joe: And you have a book that came out, it was a couple of decades after your father wrote one of the better personal finance books, The Millionaire Next Door, and so the book that came out is The Next Millionaire Next Door. Joe: You are an industrial psychologist, you’re Director of Research at the Affluent Market Institute and the founder and president of DataPoints. Sarah Stanley Fallaw: The Next Millionaire Next Door Plus, Joe and Big Al answer your money questions: what to do with universal life insurance policies with large cash values? And will you pay California income tax on a Roth conversion made after you move from California to a no-income-tax state like Texas? I’m producer Andi Last, and here with our guest are the hosts of Your Money, Your Wealth®, Joe Anderson, CFP® and Big Al Clopine, CPA.Ġ0:47 – Dr. Fallaw completed their book and released it in late 2018. Sarah Stanley Fallaw, shares what she learned in writing The Next Millionaire Next Door with her father. Stanley and William Danko, was released in 1996? Today on Your Money, Your Wealth®, Thomas J. What does it take to be the millionaire next door, and how has that millionaire changed since the book with that title, by Drs. (39:14) Will I Pay California Income Tax on a Roth Conversion After I Move to Texas?.(21:06) What Should I Do With My Cash Value Universal Life Insurance? ( video).Overcast | Player.FM | iHeartRadio | TuneIn Show Notes Google Podcasts | Apple Podcasts | Spotify | Stitcher | Listen on YouTube Plus, what should you do with universal life insurance policies with large cash values? Will you pay income tax on a Roth conversion made after you move from California to a no-income-tax state like Texas?Ĭlick to subscribe to the podcast on any of the following apps: Sarah Stanley Fallaw (co-author, The Next Millionaire Next Door) shares the findings of her research into how millionaires become wealthy, and what she found has changed since her father’s groundbreaking book The Millionaire Next Door was released in 1996.
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