Big spenders...
High rollers– Money brings recognition from others, which goes hand in hand with the power that the high roller strives for. Their motto is work hard, play hard, and a quick cash investment is a thrill
Hunters - Success is a result of luck rather than a fully informed decision, due to the heart ruling the head. This along with impulse spending results in an ‘in-the-moment’ lifestyle and only an average – above-average income.
Entrepreneurs –These people are about the ego-boost that comes with success. So they work a lot, and take full advantage of the benefits of such a lifestyle. Nothing but the best of the best for the entrepreneur.
Drive-by spender – Most likely to fail thanks to a careless disregard for their future, the drive by spender needs goals. They often have a lot of debt and could have either a great or really low income. Either way, they’ll spend, spend, spend! They’ll be reluctant to admit problems or take advice due to embarrassment about their situation.
Safe as (cash filled) houses
Fence Sitter – These people taking the easy, no-risk option of putting their money in a savings account, because they are too scared to put make quick money decisions and put their money into investments.
Perfectionist – Low in confidence, the perfectionist finds fault with any cash investment. They’re always chasing the unobtainable, because they set such high standards for themselves.
A healthy cash balance
Human piggy bank – This person does not splurge on luxury with their vast savings, instead saving for a rainy day. Being as vigilant with their penny-pinching as the human piggy banks are can often cause rifts between them and those close to them.
Producers – With a good work ethic, the producer often feels frustrated because they only maintain a lower income and do not reap the benefits of all their hard work. This is due to poorly thought out financial decisions.
Optimist – Money is there for a purpose – to be used and enjoyed. Not always rich, but usually content, the optimist has little or no anxiety and uses money in impulsive but low-risk ways.
Bringing home the dough...
Achievers – Conservative with risky investments, achievers are hard workers who are proud of the work they do. They believe that their hard work (and their hard work only) will bring financial success and cash in their pocket, which they will untrustingly guard with their life.
Head of the class – With a healthy balance between work and play, people in this category take risks that are planned and will bring a profit. They play an extremely active role in their finances, and even though they don’t earn the most, they are most definitely the wealthiest.
So which one are you? It can be hard to tell, but take step back and check out your financial
behaviour. Are one of those who are in need of a bit of spare cash to tide you over until next payday? Or maybe you have a history of bad credit following you around like a bad smell? Get a bad credit loan.
And to get you on track of your fast finance needs it’s a good idea to take a look at the resources available through advisors, legitimate money advice columns and personal experiences from friends to help u have more money in the long run.
Sean Teahan co-founder of Cash Doctors,Australia’s preferred short term lender, shares his insights on money matters. Founded in 2005 Cash Doctors has helped thousands of Australians with their fast cash loans but that’s just the short term solution. Cash Doctors also help people in the long run by providing budgeting tools, e-books and individually researched articles on money matters and financial tips. The aim is to assist people in achieving instant and long term financial freedom.
This one's tricky. My first thought was Entrepreneur. But then again, I might be more of an achiever. It looks like I need to move towards being a head of the class. Perhaps with time...
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