There’s clear evidence that the best way to achieve your financial goals is by starting with a plan. Unfortunately, the majority of people do not have a written plan. Why is that? In this episode, Mark Riepe and guest Chris Thom discuss strategies to overcome some of the common mental barriers to getting started with a plan.
- Read more about Schwab's Modern Wealth Index, which includes surprising results such as how millennials are in many cases more focused on saving, investing and financial planning than older generations.
- The study “ shows that similar households often end up with different levels of wealth because of the varying attitudes and skills with which they approach financial planning.
- Choiceology host Katy Milkman contributed to research about how prompting people to plan can improve follow-through on important tasks.
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