The Money Personalities: Active

  • Spenders: They enjoy spending money, and are people who didn’t enjoy wealth in their growing up years.
  • Savers: They save every dollar and try to spend the least.
  • Moneymakers: They are the workaholics who try to control money by being a spender or saver as and when needed. They are addicted to money and associate it with everything.

There are other personality types too, like gamblers, repressed spenders and worriers.

100 STASHED

5 LIKES

Understanding Your Current Relationship With Money - Mindvalley Blog

blog.mindvalley.com

MORE IDEAS FROM THE ARTICLE

Your EQ And The Relationship With Money
  • EQ means emotional intelligence, our ability to understand emotions and handle them without letting them overpower us.
  • EQ is a powerful social skill that helps us recognize, understand and distinguish the feelings of ourselves and the people around us.
  • Money EQ is how we feel about money, and is key to a healthy, prosperous relationship with wealth, no matter how much we have or earn.

113 STASHED

6 LIKES

If we feel shame concerning money, we may splurge more to cover it. If we feel unworthy of all the money we get, we might feel shy to get what we deserve.

If we are passive about money, we won’t care about it and might even avoid it. Due to past traumatic experiences, we can perceive money as dangerous.

95 STASHED

4 LIKES

  • Indifferent: These types live life as if they are beyond money, and are usually from wealthy families, or are monks who don’t really need money for their minimalistic existence.
  • Hippie: These stay away from consumerism/capitalism and feel a strong sense of hatred towards money. They believe money is the root of all evil and corrupts everyone.

92 STASHED

5 LIKES

  • We need to treat money as our best friend, but we often end up making it our master, or become its slave, allowing it to control us.
  • Our relationship with money has its roots in our past and the various experiences that shape our lives. 
  • Recalling past events or tragedies involving loss of money trigger our negative emotions like anger, sadness, helplessness or inferiority.

99 STASHED

5 LIKES

Deepstash helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.

GET THE APP:

RELATED IDEAS

Financial therapy

Matters of money is a struggle for many people and can even become a phobia. To deal with the phobia, many people are turning to financial therapists for help.

Financial therapy is a form of therapy that untangles the relationships with money by treating the emotional root of money stress instead of the behaviour itself.

38 STASHED

8 LIKES

Can financial therapy untangle our relationship with money?

bbc.com

The psychology behind our relationship with money

Anything important in our lives is emotional. Our relationships are emotional. So our money is emotional.

The problem is when we think money is all about math. We think questions like, "Should I buy a house?, or "Should I negotiate a higher salary?" is purely mathematical.

60 STASHED

26 LIKES

Why Are We So Emotional about Money?

hbr.org

Money: a store of productive time

We're commonly told that money is a "store of value," meaning a storehouse of past effort to use for future purchases. Really, money is a store of (productive) time.

315 STASHED

1 LIKE

The relationship between time, money, and happiness

getrichslowly.org