Recognizing your financial/money personality is the first step toward financial health. Take this quiz to find out which of the five common types of financial personality you most closely match up to - and what you can do about it.
If you are operating out of the Saver archetype, you are motivated to create security for yourself and your family. You do this by amassing assets and taking care to be sure you have enough money in the bank for a rainy day. You take the long view. No impulse spending for you! You want to know which budget bucket that impulse buy would rob. You're far more likely to save for a big purchase than buying on credit. You take the advice "pay yourself first" seriously, and you make sure you have systems in place to do just that. You thrive on feeling self-sufficient, and you love watching your money grow.
On the other hand, if you are a Saver acting out of fear of lack, you can be so reluctant to spend money you end up being unnecessarily frugal. Guarding every penny and obsessing over what is or isn't in the bank. Savers would do well to learn to relax and enjoy the moment.
If you are a Saver, Rena-Fi can help you learn how to more wisely spend, save and apply your money, and let go a little bit so you can balance your need to save and reluctance to spend. You would benefit from our UPLift Challenge feature. It helps you to better identify those habits that aren’t serving you and establish habits that are supporting you in all aspects of your life and your finances.
Empire Builders have a lot in common with Savers. But they are risk-takers. They are the quintessential entrepreneurs. Everything they do with their money has a purpose. And that purpose is significant. The adage "Go big or go home" applies to Empire Builders, and they have no intention of going home. Ever. Empire Builders love power and can spend the vast majority of their time working. They are legacy creators, innovators, and visionaries. They want to build something big, something new, and useful that will last long after they are gone. Because their vision and determination guide everything they do with their money, Empire Builders have no trouble making decisions.
On the downside, Empire Builders can become inflexible and overbearing, even greedy. They can become so obsessed with what they want their future to look like, and lose sight of what they have in the present and the value of the intangibles of life.
An Empire Builder would benefit from Rena-Fi's program by participating in our guest speaker and coach workshops, hearing from other successful people about how they turned their vision into reality, what hurdles they faced, and how they themselves can overcome their own issues on their path to victory. Our entrepreneurial class would be of special interest to the Empire Builder, as it offers specialized information that is geared toward business practices and the development of a growth mindset.
The Pleasure Seeker archetype is all about living for the moment. They bring great joie-de-vivre to the table. They love the "good life," and all that can mean: luxurious surroundings, yummy food, spa days, beautiful things, you name it. Their basic attitude is "you can't take it with you" and Carpe Diem. They may work hard for their money, so it's a perfectly reasonable thing to spend it on what pleases them (including fabulous gifts for their friends) right now. Because life is for living, right?!
On the other hand, when the more negative side of the archetype is in play, Pleasure Seekers can spend recklessly, carry too much debt, and otherwise derail their financial well-being. They need to push the pause button from time to time and learn to find the pleasure in providing for their future as well as their present.
If you are a Pleasure Seeker burdened by debt, Rena-Fi can help you better your financial standing with our Personal Finance course. Enjoy small class sizes, time for Q&A, with real-world methods and strategies to help you have a better handle on your money. Budgeting in your entertainment and recreation can give you freedom, while still helping you create financial security.
The Star archetype is akin to the Pleasure Seeker in some ways, bringing a kind of dazzle to how they use money. But Stars are driven by the desire to present a particular type of image: they love whatever is trendy, hip, cool, and classy. They want to be associated with the best of the best, and that's where their money goes. The Stars can be trendsetters and creative leaders, and they have an instinct for quality. They are hardwired to be on the cutting edge of all that's fabulous. At their best, they inspire and model ways to get the most out of life. And how to not settle!
On the other hand, if a Star operates out of the lower end of the archetype, they can veer into pretentiousness and self-importance. It's essential for those who identify with this archetype to remember that what they own doesn't define them, and learn to value themselves for their inner qualities.
If you are a Star, you could get enormous benefits out of Rena-Fi's Personal Finance Course. Learn how to spend your money with wisdom, so you can spend it on the necessary (and beautiful) things, without destroying your bank account or credit limits.
The Idealist archetype is high-minded. Idealists want the best for humanity and wish to serve that purpose in some capacity. Among them, you'll find most creatives. If you have made your life's quest to be an artist, a musician, a writer, or an entertainer of some kind, you will probably see yourself here. You'll also find the healers and social workers and community advocates passionate about social justice. Whatever their pursuits, Idealists prioritize their creative passions and goals for the betterment of humanity over money. What an Idealist brings to the table is a deep sense of values, artistic vision, and compassion for those who suffer.
On the other hand, the Idealist archetype in its more dysfunctional version can create a sense of martyrdom, an unreasonable aversion to money or those who have money, and anger. It can also lead to "starving artist syndrome." Because Idealists don't prioritize money, they can tend to end up unable to support themselves, and bitter that the world hasn't recognized their contributions by paying them the big bucks. The Idealist's altruism is praiseworthy. But even the most creatively gifted among us would be well served if we gave our money the attention it needs. And for the more spiritually oriented Idealists, it might be useful to give up the notion that poverty is a virtue.
If you are an Idealist, you could find a lot of benefit in Rena-Fi's mastermind groups. Gain support in a small community of like-minded people who can help you become successful, while managing your money consciously. You would also find our guest videos to be inspiring!
The Innocent archetype is akin to the Idealist, in that Innocents don't pay a lot of attention to their money. On the positive side of the spectrum, this archetype brings excellent optimism and faith to the table. Innocents stay flexible to changing circumstances, and no matter how bad it might look in the moment, they can maintain hope in the future. They believe that somehow things will work out, and they keep their eyes open for ways to get from where they are to that place where it has all worked out. Like Idealists, innocents may be artists or teachers or just free spirits who like to go with the flow. Regardless, their innate sense of trust in the process of life can be soothing and encouraging for those of us with a more anxious mind!
The downside for this archetype is that...well...it doesn't always just work out fine, unless you put some effort into managing your money. Because the Innocent tends to play ostrich about money, all kinds of unpleasant things can result. A windfall can be spent in a heartbeat, and suddenly the bank account is empty. A credit line can be all used up while the Innocent wasn't paying attention. Bills can come due, not be paid, and suddenly there goes the credit rating. A common complaint you'll hear from an Innocent is, "Money slips through my hands like water!" and they are genuinely mystified as to how that could happen. But if an Innocent brings that gorgeous optimism and faith together with attention to the financial details, wow. Magic.
For Innocents, Rena-Fi can help with our Personal Finance class. In this class, we cover how to safeguard yourself and your money, and introduce a little bit of healthy rationale from which the Innocent can benefit. You may also like our Uplift Challenge which are daily prompts to help you gain insight into your habits around money and gradually build awareness and insight to things that might be holding you back.