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By Staff Reporters
On Client Attitudes in the New Economy
In this encore podcast, Somnath Basu PhD examines how the recent economic turmoil has changed financial planning clients’ attitudes and expectations.
Dr. Basu is a popular ME-P contributor and thought-leader.
Assessment: http://www.youtube.com/watch?v=jzAkB8h5v3Q
Conclusion
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Filed under: Experts Invited, Financial Planning, Videos | Tagged: behavioral economics, behavioral finance, California Institute of Finance, california lutheran university, financial advisory clients, Financial Planning, Somnath Basu |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Managing Financial [Physician] Behavior
Humans are not wired to work well with money, primarily because the behaviors that kept us alive during the Stone Age — acting on instinct and feelings — can destroy us financially when we (or family members) visit the mall.
For example, a lack of smart money habits is especially concerning for MDs given the reality of lower federal and state reimbursements for medical care, vanishing or lackluster pensions, and an under-funded Social Security system. Today, Americans save just 4.9% of their income per year1 — not nearly enough for long-term financial security.
http://www.physiciansmoneydigest.com/your-money/Managing-Financial-Behavior
Joseph
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