PokerRich
New Contributor
I read through Jordan Goodman's book, "Master Your Money Type." It's not a mind-blowing book but it does break down common personality-types and how those types tend to deal with money. Some examples of the types are Ostriches, high-rollers, strivers and squirrels.
According to his classifications, I am a classic squirrel. Basically, I love money but worry about it a lot. I am extremely paranoid of losing it and I make ultra-safe investments. I hate debt and I rarely reward myself with anything nice. My deep fear of loss drives my my decision-making process.
In my life, this is a very accurate description. I am obsessed with paying off our debt. That was fine when we had consumer debt and car loans, but now that those are paid off I can't get it out of my head to pay off our mortgages and lower interest student loans. I have 100% of our liquid net worth in an online savings account that just dropped under 4% interest. This account is the equivalent of about 10 months of living expenses even if we had $0 money coming in but I am still paranoid about investing it elsewhere.
In my business life, I have a very tough time thinking fastlane. My ideas are all safe and S-quadrant. I have a very tough time delegating as I would rather do it right myself. I think about how to make a little bit more than my expenses, not about how to get fastlane.
I know this is a problem. My question is, are there any squirrels here? What have you done to overcome some of these obstacles within yourself? How about in your business life?
According to his classifications, I am a classic squirrel. Basically, I love money but worry about it a lot. I am extremely paranoid of losing it and I make ultra-safe investments. I hate debt and I rarely reward myself with anything nice. My deep fear of loss drives my my decision-making process.
In my life, this is a very accurate description. I am obsessed with paying off our debt. That was fine when we had consumer debt and car loans, but now that those are paid off I can't get it out of my head to pay off our mortgages and lower interest student loans. I have 100% of our liquid net worth in an online savings account that just dropped under 4% interest. This account is the equivalent of about 10 months of living expenses even if we had $0 money coming in but I am still paranoid about investing it elsewhere.
In my business life, I have a very tough time thinking fastlane. My ideas are all safe and S-quadrant. I have a very tough time delegating as I would rather do it right myself. I think about how to make a little bit more than my expenses, not about how to get fastlane.
I know this is a problem. My question is, are there any squirrels here? What have you done to overcome some of these obstacles within yourself? How about in your business life?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
