Tim O'Rahilly Life Coaching
Coaching, Wealth Health

Wealth Health #4: Your Financial Personality

Wealth Health #4: Your Financial Personality

How did you get on while analysing your feelings about money last time?  Did that expose memories of past conversations about money? Do you recall specific adult behaviour in relation to money as you were growing up?

Have these memories lead to any negatives FEELINGS about your financial situation today? We are not talking here about numbers, but about FEELINGS. Where do you think those feelings come from?  Maybe it was decisions made by you or others?  Maybe it was from comments made by others regarding money?

How are these negative feelings being kept alive in you today, and how do they impact on your financial life?

Before setting off on a new financial journey, including any changes to saving and spending habits, you need to understand fully what your feelings about money really are. What is your financial personality type?

Here is a new set of questions for you to consider. As always, be honest with yourself and choose one best-fit answer in each of the eight sections below.

You are aware that you need to boost your income. So you:

  1. Draw up a detailed plan and seek out the perfect way forward.
  2. Work closely with your friends to make life good for you all.
  3. Look for another job that gives you a higher income and status.
  4. Come up with lots of imaginative and innovative ways to fill the coffers.
  5. Analyse areas in your life where you might make some savings.
  6. Consider the upside and downside of working harder.
  7. Come up with lots of different ways in which to increase your funds.
  8. Decide the way ahead for you and then do it.
  9. Look at both sides of the coin before deciding on the best way ahead.

An unexpected bill arrives in the post. You:

  1. Wonder how this could be possible.
  2. Remember that you had a sudden urge to buy something for someone.
  3. Try to remember how you spent the money and if it was worth it.
  4. Stick it in a drawer and forget about it until you receive a reminder.
  5. Are surprised, as spontaneous impulses aren’t something you usually indulge in.
  6. Worry that you had forgotten about this, and consider the possible consequences.
  7. Ignore it. You’ll get around to paying it when you’ve got a spare moment in your busy schedule.
  8. Pay it is as long as it is fair and correct.
  9. Accept the inevitable and pay it when you get a moment.

You are invited to invest in a new venture. What do you do?

  1. Look at the deal in detail and make sure it fits perfectly with your plans.
  2. Make sure that it will serve both you and your family best.
  3. Wonder how it will make you look good in the eyes of others.
  4. Imagine how it might help you to meet your dreams and desires.
  5. Think how it will boost your reserves and help you to be self-sufficient.
  6. Look for the hidden agenda and any potential disasters.
  7. See if it can provide you with lots of opportunities to be truly free.
  8. If it fits your vision of what you want to do, then fine. If not, then no.
  9. See who else is interested in going along for the ride.

You realise that you have overspent this month. What is your first reaction?

  1. Beat yourself up for not keeping a tight rein on your finances.
  2. Reflect on how much you have helped your friends and resolve to keep a tighter hold on your own expenditure.
  3. Hide the fact and work harder to make up the difference.
  4. Take pleasure in the things you have enjoyed and how they made you feel.
  5. Wonder how such a thing could happen, since you take pride in keeping things to a minimum.
  6. Worry how such a thing could happen, since you’re usually so careful to plan for a rainy day.
  7. Look on the bright side and figure out multiple ways to get more cash.
  8. Accept it as part of the lifestyle, and take the view that you’ll find the money somehow.
  9. Ignore the discomfort and keep calm and unresponsive, knowing that all will be well.

You receive £5000 unexpectedly. Do you:

  1. Think about how you can spend it sensibly.
  2. Use it to help your friends and family.
  3. Tell everyone about it and how you plan to spend it.
  4. Enjoy imagining all the amazing things you’ll buy.
  5. Put it away for a rainy day or use it to develop your interests.
  6. Invest it safely to help you towards a more secure financial future.
  7. Use it to help you indulge in ever more adventurous pursuits.
  8. Spend it or save it as you think best.
  9. Acknowledge your good fortune and enjoy whatever it brings.

You are invited for financial planning seminar at work. Do you:

  1. Accept immediately. It may help you to do what is absolutely right.
  2. Say that you’re far too busy helping others.
  3. Consider whether it would offer any useful networking opportunities.
  4. Wonder if it will really answer your unique requirements.
  5. Review whether it would be the best use of your time and energy.
  6. Analyse whether it really could help you have a safer financial future.
  7. Find something more enjoyable to do.
  8. Go or not depending on whether you think it would be useful.
  9. Put it off until another time.

You’re reminded by a colleague of the importance of pensions and inheritance tax planning. So you:

  1. Take pride in the fact that you are fully up to speed with the subject.
  2. Consider how this could benefit and support your loved ones.
  3. Feel confident that you have or will take care of this in the best way possible.
  4. Fantasise about how savings like that could help you have to things that you’ve always dreamed of.
  5. Calculate what needs to be done without having to waste valuable time and energy.
  6. Investigate ways to deal with them in a secure and risk-free manner.
  7. Think about all the many different ways you could deal with the subject.
  8. Decide what suits you best and do it.
  9. Worry that this may create conflict with your current lifestyle and put off dealing with it.

You see something in a shop that you just have to buy, so you:

  1. Think about it carefully and decide whether you can really afford it, or should you wait until you’ve saved up.
  2. Decide to get it; not for you, but for someone you love.
  3. Just buy it even if you don’t have the money right now.
  4. Buy it so that you can get that quick rush of satisfaction than worry about how to pay for it later.
  5. Take a minute to calculate what you might have to do without if you buy it.
  6. Consider whether you really do “absolutely have to have” it, and if you have the money to buy it.
  7. Think about how good it’s going to make you feel to have what you really want.
  8. Buy it or don’t buy it depending on how much you really want it.
  9. Weigh up the enjoyment of having it against the efforts of buying it.

Now analyse your results and see if you answered mostly “1” (The Perfectionist), “2” (The Provider), “3” (The Achiever), “4” The (Maverick), “5” (The Analyst), “6” (The Sceptic), “7” (The Adventurer), “8” (The Challenger), “9” (The Deliberator). This test was designed by NLP Master Practitioner and Enneagram expert Pat Knightley.

There is no right or wrong answer and no right or wrong Financial Personality type, but to look in more detail at what each of these means then join me next time for Wealth Health #5: Common Financial Personalities

Leave a Reply