What’s Your ‘Money Type’? Knowing It Could Help You Avoid a Financial Blunder
Sep 03, 2020
3 minutes
As a wealth adviser, I’ve witnessed the various ways people react to financial stress. While I’m sometimes surprised at an individual’s response, I remind myself that people have deeply ingrained beliefs and patterns about money.
There is a large body of research that explores the relationship between money and emotions, financial archetypes, and money psychology. The Money Coaching Institute® holds that there are eight “money types” or archetypes:
- The Innocent
- The Victim
- The Warrior
- The Martyr
- The Fool
- The Creator/Artist
- The Tyrant
- The Magician
Though not specifically included in this
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