Author Topic: The 5 Money Personalities  (Read 9080 times)

Maigahane

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The 5 Money Personalities
« on: October 13, 2014, 02:55:49 PM »
I stumbled on this book by Scott and Bethany Palmer while looking for "The 5 Love Languages" and am most of the way through it. While it did not evoke a major revelation from me it is making me think.

Basically everyone has two of the five "Money Personalities", a primary and a secondary one. The personalities are: Spender, Saver, Risk Taker, Security Seeker, and Flyer (you can take a quiz at http://themoneycouple.com/money-personality-profile/). I assumed I'd be a saver/risk taker since a) I'm on MMM and b) I choose aggressive investments. But it turns out I'm a security seeker/saver. My "aggressive" investments are safe because I'm 28 and long term they are practically guaranteed to increase in value. I save so that money won't be a problem in the future (unless there's a catastrophe), I cut down our bills so that we don't need as much money to be financially secure.

DH is a flyer (which I think is a stupid title, but basically a free spirit) who doesn't think about money. He doesn't get the "high" from spending or saving but when he does decide that he wants to buy something he just goes out and buys it without considering the financial aspect at all. His secondary is security seeker but in a much shorter term frame of thinking than I am

I'm still trying to decide how to utilize this information to control our finances better but it's a new perspective to think about that I found interesting

deborah

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Re: The 5 Money Personalities
« Reply #1 on: October 13, 2014, 03:10:20 PM »
OK, I've done the quiz. How can my primary money personality be saver and my secondary be spender - it doesn't make any sense!

La Bibliotecaria Feroz

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Re: The 5 Money Personalities
« Reply #2 on: October 13, 2014, 03:16:50 PM »
I got saver/security seeker! Almost the same as OP :-). I'll have to see if I can talk Mr. FP into taking it... whatever he might be, it's definitely NOT saver/security seeker :-).

Deborah, I can totally see how a person could enjoy saving in certain circumstances and take delight in spending on certain things. We all have contradictory elements to our personalities!

Maigahane

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Re: The 5 Money Personalities
« Reply #3 on: October 13, 2014, 03:17:46 PM »
OK, I've done the quiz. How can my primary money personality be saver and my secondary be spender - it doesn't make any sense!
Lol, I assumed that wouldn't be possible. There are a ton of examples in book of people with different combinations but at 79% of the way through that combination hasn't come up. I'll have to keep that in mind as I finish the book :)

Maigahane

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Re: The 5 Money Personalities
« Reply #4 on: October 13, 2014, 03:21:31 PM »
I got saver/security seeker! Almost the same as OP :-). I'll have to see if I can talk Mr. FP into taking it... whatever he might be, it's definitely NOT saver/security seeker :-).
My DH was surprisingly easy to talk into taking it since I'm sure he puts no stock into stuff like that. But I read him the questions while he played a computer game :P  I actually got him to take the Love Languages quiz that way too...in the same week!

Actually doing it together like that was a bit of an eye opener too. I was surprised at some of his answers and surprised at his comments of what my answer would be on some of them

rocksinmyhead

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Re: The 5 Money Personalities
« Reply #5 on: October 13, 2014, 03:55:30 PM »
primary saver, secondary security seeker. I think there are going to be some trends here :) I am curious about what my boyfriend would get, not sure I can get him to take it :)

arebelspy

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Re: The 5 Money Personalities
« Reply #6 on: October 13, 2014, 04:02:54 PM »
Risk taker/saver.  Those were the two I predicted after reading the list of choices in the OP, but I thought they would be flip flopped.
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
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pachnik

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Re: The 5 Money Personalities
« Reply #7 on: October 13, 2014, 04:29:32 PM »
Saver/security seeker came up for me.  My results don't surprise me very much.   It seems that there are a few of us like that here.  :)

Primm

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Re: The 5 Money Personalities
« Reply #8 on: October 13, 2014, 04:42:00 PM »
Risk taker / security seeker. Are the two not mutually exclusive? Even more so than saver / spender?

AustinKat

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Re: The 5 Money Personalities
« Reply #9 on: October 13, 2014, 05:48:36 PM »
Primary security seeker, secondary saver. This surprises me not at all. :-)

Astatine

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Re: The 5 Money Personalities
« Reply #10 on: October 14, 2014, 04:07:48 AM »
Primary security seeker, secondary saver. This surprises me not at all. :-)

Me too.

I got hubby to take it (he's not usually fond of quizzes). He's Flyer, then Security. He agreed with the Flyer part of it but was sceptical about the Security bit because he doesn't take the actions listed. But, I said I reckoned it was intentions/desire, not necessarily lived actions, and he agreed enough with that.

Rural

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Re: The 5 Money Personalities
« Reply #11 on: October 14, 2014, 07:39:48 AM »
Primary saver, secondary security seeker. Willing to bet my husband would come out with the same two, but primary/ secondary reversed.

olivia

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Re: The 5 Money Personalities
« Reply #12 on: October 14, 2014, 08:49:48 AM »
I got Spender/Risk Taker...I'm trying to reform but that sums me up well, sadly! 

DeepEllumStache

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Re: The 5 Money Personalities
« Reply #13 on: October 14, 2014, 09:02:16 AM »
Saver/Risk Taker... that fits pretty well.  I like my stache lined up because that gives me the freedom to go have an adventure.

dragoncar

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Re: The 5 Money Personalities
« Reply #14 on: October 14, 2014, 05:30:07 PM »
I am a meat popsicle

jexy103

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Re: The 5 Money Personalities
« Reply #15 on: October 15, 2014, 12:05:31 AM »
Mine is the reverse of a few who have already posted; I'm primarily a security seeker and secondarily a saver. Yup- I like to have a plan and that plan is to save! :-)

lizfish

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Re: The 5 Money Personalities
« Reply #16 on: October 15, 2014, 12:40:30 AM »
Saver/security seeker. Absolutely no surprise there. Thanks go to my sadly departed mum and her aversion to credit. (Although latterly not to shopping)

carozy

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Re: The 5 Money Personalities
« Reply #17 on: October 15, 2014, 04:06:36 PM »
Another saver/security seeker.

Roots&Wings

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Re: The 5 Money Personalities
« Reply #18 on: October 15, 2014, 06:09:24 PM »
And another saver/security seeker :)

MsRichLife

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Re: The 5 Money Personalities
« Reply #19 on: October 15, 2014, 07:59:37 PM »
Primary security seeker, secondary saver.

Not at all surprised.

aclarridge

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Re: The 5 Money Personalities
« Reply #20 on: October 16, 2014, 02:43:06 PM »
Saver/risk taker. Not surprised, I think it fits me pretty well.

Allen

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Re: The 5 Money Personalities
« Reply #21 on: December 24, 2014, 11:22:34 AM »
Risk Taking / Spender!  Woooo!

Now I KNOW I should just go buy that fully maxed Retina iMac I've been agonizing over...

neo von retorch

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Re: The 5 Money Personalities
« Reply #22 on: December 24, 2014, 11:31:30 AM »

Middlesbrough

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Re: The 5 Money Personalities
« Reply #23 on: December 24, 2014, 12:56:48 PM »
I got security seeker/risk taker. Huh?

That makes no sense.

Cassie

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Re: The 5 Money Personalities
« Reply #24 on: December 26, 2014, 03:31:14 PM »
security seeker/saver. I was not surprised because that is why I worked in public agency versus private for much less $ to obtain a secure pension.  Now that I am collecting this pension I am still happy with my choice.