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Ep 2. Your Money Personality and How To Leverage it’s Strengths and Weaknesses
Manage episode 293896544 series 2931434
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Before you can figure out where and how to invest your money, it’s important to understand your own money personality. This will help you to determine what your strengths are so that you can lean into them, and what your weaknesses are, so you can turn them into strengths. Today on The Confidante Investor Podcast, we discuss the different money personality types, how to factor in your own in order to find investments that best suit you, and how you can benefit from emulating certain characteristics of other personalities. Tuning in, you’ll hear about the dangers of putting off financial decisions or making them under stress, the importance of setting boundaries with others, yourself, and your environment, and how to factor in your timeframe to establish an investment plan for yourself. Find out how by following the right rules you can achieve success irrespective of your money personality type and other tips on how you can start to formulate your own plan for your financial success today.
List of Topics Discussed:
- The importance of understanding your money personality when it comes to saving and investing.
- How you can use this to lean into your strengths and improve on your weaknesses.
- The dangers of making financial decisions under stress or putting them off.
- How to adjust your investment style to factor in your timeframe and your personality.
- The benefits of emulating certain characteristics of other personalities.
- The importance of setting boundaries with others, yourself, and your environment.
- How following the right rules and plan can work for any personality.
- A breakdown of the different money personality types.
- How to factor your timeframe into your investment plan.
3 Lessons Learned:
1. Understanding your money personality will help you to play into your strengths and develop your weaknesses.
2. Combining your personality and your timeframe will help you formulate an investment plan.
3. Regardless of your personality, always put away 10 percent of your income.
Credits:
Production - We Edit Podcasts
Music - Future Looks Bright - Nick Petrov
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