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 Saver/Risk Taker 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 with 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 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.
A challenge for Savers: to see money as a means to an end, not the end itself. Savers rarely spend impulsively. They’ll search 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:
You are trustworthy and organized with your money.
CHALLENGES SAVERS MAY COME ACROSS:
You can obsess over money.
HOW SAVERS MAKE MONEY DECISIONS:
By rarely spending compulsively.
HOW SAVERS MAKE LIFE DECISIONS:
By searching for a good deal.
As a Saver, you are very careful with your money. You don’t like to part with it unless it is absolutely necessary or when a sale is involved. Additionally, you enjoy finding discounts for your friends and family.
When it comes to finding good deals, the Honey app offers great coupons and discounts to help you SAVE. try it for free today!
- OF PEOPLE THAT HAVE TAKEN THE ASSESSMENT HAVE A PRIMARY SAVER PERSONALITY.
Your Secondary Is risk taker
AS A RISK TAKER, YOUR LIFE OUTLOOK CAN BE SUMMARIZED AS “NOTHING VENTURED, NOTHING GAINED.” YOU MAKE THINGS HAPPEN BY MOVING ON TO THE NEXT BIG THING AND CAN OFTEN BE ADVENTUROUS.
For a 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 by nature.
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:
By being decisive.
HOW RISK TAKERS MAKE LIFE DECISIONS:
They see potential.
RISK TAKER OVERVIEW:
You are decisive with your money. You are quick to spend when you’re able to see potential and the possibilities that lie ahead. Additionally, you don’t get held back with the details that might hold you back from new ventures.
- OF PEOPLE THAT HAVE TAKEN THE ASSESSMENT HAVE A SECONDARY RISK TAKER PERSONALITY.
Being a Saver/Risk Taker can be complicated. You have frequent internal money conflicts. One side of your brain is saying “Save, Save, Save,” and the other side of your brain is saying “Risk, Risk, Risk.” You’re not alone. There are many people that have this same Money Personality combination.
Here’s a scenario you may come up against:
A new business opportunity is presented to you. Your SAVER Money Personality’s first question is, “How much is it going to cost?” Then your RISK TAKER pops in and wants to know about all the possibilities this new venture will bring. You dream and get excited about what will be. Your SAVER returns and fights with your newfound excitement. You may have conflict and a hard time making a decision.
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
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 away.
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:
Big picture person: Risk Takers aren’t per say hung up on the details of a plan per say, but more so the “how” of an idea. Once they get a lead on something, they move fast to close in on the purchase.
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 to be part of it.
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 proceed with the purchase.
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.
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, sometimes Savers have such firm financial goals 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.
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 movements of a 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 weaseling in.
Impatient: The Risk Taker can feel 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.
In A Relationship
Savers can be great partners because they are careful about spending and usually spend their money wisely. The challenge is for them to see money as a means to an end, not the end itself.
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.