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?
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