It’s time to Discover Your Money Mind®
We all have biases around money that affect the decisions we make…
How many times have you heard to “Prepare for the unexpected”? Unfortunately, uncertainty is simply just a fact of life. You never know from week to week what twists and turns life can throw at you in retirement, and that can be especially stressful since many people are on a fixed budget. When financial resolutions must be made, no matter how big or small, have you ever thought about how you make those decisions and why? People tend to make decisions based on their emotions. There are three Money Mind® types:
A Protector Money Mind® type is on a quest for peace and security, only they rarely ever feel secure or satisfied.
People with a Commitment Money Mind® are driven by a desire or need to take care of other people or causes they love.
A Happiness focused Money Mind® is a person who can say, if I died tomorrow I have lived life to the fullest.
So the big question is…which Money Mind® are you? Which Money Mind® is your spouse? Could having the same biases as your spouse have negative implications or positive ones?
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