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? Remove them and support the forum:
Subscribe to Fastlane Insiders.