ON TAKING THE FIRST STEP TOWARD UNDERSTANDING YOUR RELATIONSHIP WITH MONEY.
You are about to discover the best version of yourself through the science of Money Personalities. Our research proves that when you discover, understand, and develop the strengths of your two Money Personalities, the effect on you and your relationships is transformational.
When you lead with your Risk Taker/Saver Model you are able to have more impact, self assurance, and confidence.
The key is to not change who you are, but rather to accept it, love it, and grow it! Again, welcome. Let’s dive into learning how to be the best you, that you can be!
NOW LET’S PIECE EM’ TOGETHER
You’re Primarily A Risk Taker
AS A RISK TAKER, YOUR OUTLOOK ON LIFE CAN BE SUMMARIZED AS “NOTHING VENTURED, NOTHING GAINED.” YOU MAKE THINGS HAPPEN BY MOVING ON TO THE NEXT BIG THING AND ARE OFTEN ADVENTUROUS.
For the Risk Taker, the thrill of jumping into a financial challenge doesn’t just come from a huge payout on an investment; it comes from taking the risk in the first place. Even if they never hit it big, Risk Takers never give up on following that rush they get from trying out a new idea, even if it costs them everything. It’s just how they are wired.
AS A RISK TAKER:
You are excited by possibility.
CHALLENGES RISK TAKERS MAY COME ACROSS:
Being impatient and impulsive.
HOW RISK TAKERS MAKE MONEY DECISIONS:
HOW RISK TAKERS MAKE LIFE DECISIONS:
RISK TAKER OVERVIEW:
Decisive with your money. You are quick to spend when you can see potential and the possibilities that lie ahead. Additionally, you don’t get held down in details that might hold you back from new ventures.
- OF PEOPLE THAT HAVE TAKEN THE ASSESSMENT HAVE A PRIMARY RISK TAKER PERSONALITY.
Your Secondary Is Saver
AS A SAVER, YOUR OUTLOOK ON LIFE CAN BE SUMMARIZED AS “A PENNY SAVED IS A PENNY EARNED.” YOU MAKE THINGS HAPPEN BY GETTING THE BEST DEAL AND YOU CAN OFTEN BE THRIFTY.
The challenge for Savers is to see money as a means to an end, not the end itself.
Savers rarely spend impulsively. They’ll scour the internet for deals, figure out how to save money on a vacation, and make sure they have the money in hand before making a purchase. They avoid credit card debt like the plague. Savers hate paying interest or accruing debt. They want every bill PAID OFF.
AS A SAVER:
Trustworthy and organized with your money.
CHALLENGES SAVERS MAY COME ACROSS:
That you can obsess over money.
HOW SAVERS MAKE MONEY DECISIONS:
Rarely spending compulsively.
HOW SAVERS MAKE LIFE DECISIONS:
Searching for a good deal.
As a Saver, you are very careful with your money. You don’t like to part with it unless absolutely necessary or when a sale is involved. Additionally, you enjoy finding discounts for your friends and family.
Saver Tip: When it comes to finding good deals, the Honey app offers great coupons and discounts to help you SAVE. And yes, you can try it for free today!
- OF PEOPLE THAT HAVE TAKEN THE ASSESSMENT HAVE A SECONDARY SAVER PERSONALITY.
Being a Risk Taker/Saver can be complicated. You have frequent internal money conflict. One side of your brain is saying “Risk, Risk, Risk,” and the other side of your brain is saying “Save, Save, Save.” You are not alone. There are many people who have this same Money Personality combination. Here is a scenario you may come up against:
Let’s say your friend called you up and told you about a new business opportunity. Your Risk Taker is excited to hear about all of the possibilities. You ask a few questions, think about it for a few minutes and say “I’m in.” After you hang up the phone, your Saver Money Personality takes over. “He said it will cost $10,000 to start. Maybe he will cover the first $5,000. He said I need a new computer. No, I’ll just use the old one I have. The marketing will cost about $5,000 for the first month. I have a buddy who will do it for less than that.” Here’s where the clash comes in. On one hand, you want to “go for it” (RISK TAKER) and on the other hand, you want to “find the best way to cut corners and save money” (SAVER.)
YOU HAVE AN
But, what is that? An Opposite Dynamic is the internal conflict so many of us face when our two Money Personalities CLASH.
THE MONEY PERSONALITIES ARE SPLIT INTO TWO CLASSIFICATIONS:
Make serious money decisons, often have anxiety over purchases, and see money as the end itself (not a means to an end).
More likely to make impulsive money decisions, don’t often have anxiety over spending, and view money as a means to an end.
Your Core Characteristics
RISK TAKER SIDE:
Are a big picture person: Risk Takers aren’t hung up on the details of a plan , but more so the “how” of an idea. Once they get a lead on something, they move fast to close in on the deal.
Love finding the next adventure: No idea is too far out there; no risk is too big. Their sense of adventure takes over and they want in.
Get excited about possibility: They get more excited about the idea of something rather than the thing itself.
Listen to your gut: Risk Takers trust intuition more than conventional wisdom or financial experts. If a deal doesn’t feel right, they won’t do it. Aren’t afraid to make decisions: Risk Takers don’t mess around when it comes to money. They make a decision and make it quickly. That can be an important bonus when decisions are on a quick moving timeline.
Get a genuine rush from saving money: It’s a source of pride: getting something you wanted, for less.
Are organized, responsible, and trustworthy when it comes to finance: For the most part, a Saver won’t spontaneously throw money at things.
Rarely spend impulsively: Research. Research. Research. Savers like to plan and have a whole picture put together before spending any money.
Avoid credit card debt like it’s the plague: Savers hate paying interest and accruing debt. They want to pay off all bills right away.
RISK TAKER SIDE:
Blinded by possibility: When a Risk Taker grabs a hold of an idea, reason has left the building. With it goes concern for other people’s feelings, attention to detail, and long-range planning.
Easily Resented: Because of the quick movement of the Risk Taker, it can leave plenty of room for things to go awry. If their partner feels like they have been left out of a big decision, resentment can start setting in.
Impatient: The Risk Taker can lose patience with people who don’t sign onto their big ideas as quickly as they’d like. Risk Takers sometimes make decisions without consulting the people who will be affected the most.
Insensitive: They hate feeling hemmed in by other people, so rather than work for compromise, they charge ahead and deal with the relational fallout later.
Joy stealer: A Savers resistance to spending money can suck the fun out of everything.
Overly focused on financial goals: Going hand in hand with joy stealing, Savers have such firm financial goals that it’s hard for them to let loose and enjoy life for what it is.
Cheap: It is hard to part with money if you’re a Saver, and you can come off as cheap or even selfish.
In A Relationship
A Risk Taker can be a great spouse because they are always thinking about the future. The challenge for the Risk Taker is to keep their spouse involved in the risk-taking decisions, and to be willing to say no to a deal.
Savers can be great partners because they are careful about spending and usually spend wisely. The challenge is for them to see money as a means to an end, not the end itself.