Tag: consumption

What Sticks With Kids? Your Money Behaviors

By Sarah Fallaw on Aug 12th, 2020 in Lessons Learned, Psychology and Careers, Studying the Wealthy

How can we teach children to adopt some of the same behaviors and decision-making skills that millionaires next door have when it comes to managing finances? Is there a book, checklist, or blog that will ensure that children will magically adopt saving, spending, and other related behaviors that will set them along the path to […]

The Ultimate in Alone Time

By Sarah Fallaw on Mar 9th, 2017 in Current Events It's a fixer-upper she shed.

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 […]

Trading on Anticipated Future Wealth: Homes & Cities

By Sarah Fallaw on Apr 9th, 2015 in Current Events

A recent article in The Boston Globe highlights the issues Bostonians are considering related to purchasing homes in affluent areas. The piece recites a financial-planning principle: “A bit of perspective: In many parts of the country, the rule of thumb is that housing costs should occupy a third of one’s income. Here, that standard frequently […]