Thursday, January 15, 2015

The 5 Keys to Wealth?

Presented by Mark Phillips


A recent article on Marketwatch provides a summary of some not so surprising yet compelling behavioral keys to financial independence…

Will you be rich, or will you struggle financially? How you answer five simple questions today may reveal the answer.
According to research released this month by the Federal Reserve Bank of St. Louis, “five simple questions may predict personal financial health and wealth surprisingly well.” Researchers William Emmons and Bryan Noeth, looking at data from 1992 - 2013 found that there was a strong correlation between how 38,385 different families scored on these questions and their net worth today – as well as a correlation with how likely they were to be financially comfortable in the future.
Click here to go to the article

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