Money Personality Type

People always relate success with money. Every successful people are rich people! Somehow, I find it quite true as well. Most of the successful people learn and know how to deal with the money they have. How you treat the money is how the money treat you back! So get to know a few major types of money personality that consist in the society.

1. Spenders: I would say there are a few levels on spenders. In general, spenders are people who enjoy spending money to fulfill their emotional needs. They are instant gratification type.There are very disintegrate type of spenders (spend on whatever branded items they see even they don't need it) and there are also not that crucial type of spenders (they shop and they bargain, yet they still spend to fill the emptiness in emotion). Basically, spenders are people live rich die poor. The worst type is end up debts more than income and yet their income will not be able to catch up their monthly debts. Credit cards will be their lifelong partners!

2. Hoarders: Another term is call savers. They are the opposite of spenders. They feel money as security instead of materials. They spend only what it is need. They do not like to owe money to others. They will try to clear debts as soon as possible if they ever have one. They tend to be more conservative and do not take much risk in investment. So Hoarders are those type of person that live poor die rich! The extreme one will even think credit cards or borrowing money from bank as evil. From hoarders: Die off you credit cards!

3. Avoider: Try not to speak about money with avoiders. They are worse in remembering money and figure. Money basically will not be affecting their judgement. They are not very particular in how much they spend or how much they save. So, they are very weak in money management. Besides, they are the one who pay bills after the payment period. It's not they don't want to pay, its, they don't even care to pay them. Extreme case is they wait until people chase after them then only they pay the bills. If they owe you money, they can forget to return you; and if you owe them money, hurray for you as they tend to forget who owe them money and how much you owe, hahaha!

4. Money Monk: Money monk is somehow like avoider, they hardly talk about money and when it comes to pay bills, they are very similar to avoiders. Although they don't avoid money as avoiders do. Just that, they are more neutral towards money. They focus more on relationship, spiritual finding. To them, money is not everything and money is also the least important thing. Basically, money monk treat money as nothing!

5. Amasser: Unlike the hoarders, amasser like to accumulate money. They enjoy growing money. Amasser can be very good investor or employee. One enjoy using money to grow even more money and the other enjoy working to gain more money. The layman term is one enjoy money working for them the other enjoy working for money! Extreme amasser tend to over leverage or overstressed themselves in getting money.

For a successful money manager, you need to learn to be BALANCE in these 5 types. Successful people know when is the right time to spend and spend on the right things. They also learn on how to save money but not hoarding the money tightly. They also know the balance between their family relationship, friendship and partnership versus with money. Sometimes, having an avoider mindset is good as not everything is related to money and not let money influence your decision. Amasser is a too strong a word for successful people. I would say they are investors and do not over leverage on themselves in investment or any money making opportunity. Lastly, I would also encourage people to DONATE some money according to own comfortability frequently to religious and non-profitable organization! So become success with a noble deed.