Successful Mindset

I just re-attend MMI again this year. It was a great way to refresh my memory and mind toward my money mindset, and most importantly, to finish this left behind part 2 that I want to complete. If you haven’t read part 1 yet, please go and read part 1 here about money management system before reading this part, so that you will understand some of the jars that I will talk about in here.

There are 4 different type of money personality. Money personality is the attitude of someone toward money. The way people do and see money in their life. Each money personality has their positive and negative character. Find out which one is yours and learn how to balance it below:

1. The Saver.

For savers, money is simply a form of control and power. Savers are very calculative and responsible toward their money. When they’re eating together with their friends in the restaurant, they will split up the bill equally until a single cent. Normally they are very good money manager and long term thinker. This characteristics may make them look like stingy, cheap and boring. Most of the time, they will miss out a good opportunity and seldom have fun in their life. The key is to balance by spending their play jar so that they can enjoy their life. Blow all your money in play jar every month without worrying too much about their money. The play jar is intended to this purpose.

2. The Spender

Spenders see money as an emotional space goat. They use money to release their sadness, worried, stress and other non-fulfillment thing in their life. For them, shopping is like retail therapy. They seems enjoying their life, they have glamorous life style and happy life. They don’t think long term about their money, their money is easy come easy go and their famous quote is “It’s only money”. Their bank statement will look like 0 + 0 + 0 = Overdraft. When they’re eating together with their friends in the restaurant, they will gladly pay all the bills. For them to balance their life, the key is to have FFA jar, set their budget and realize that money can’t buy happiness.

3. The Avoider

Normally avoider will try their best to avoid money related at all cost. When you visit this people, you will notice unopened bills and bank statements for few months stacking in their desk. They always last minute in term of paying bill and fees and if they can, they will delegate the job to other people. They want to avoid any responsibility toward the money. For them to balance, the key is to spend 30 minutes every day to manage their money and start to learn all about investment and passive income.

4. Money Monk

For money monk, they’re very spiritual, peaceful and idealistic. They feel money is beneath them, money is not important and when you ask them about bank statements, they will answer “what is bank”. For them to be balanced, the key is for them to see money as another form of energy. They need to be grounded and have preset structure by doing the money jars.