The 9 money mindset profiles

The nine money mindset profiles, although described as a type of person, are really states of mind that create the characteristics of an archetype. Consequently these states of mind can be changed and along with the change in mindset comes a change in behaviour and attitude towards money. The mindset states are fluid and although some people may occupy a particular state for a long period of time, it is possible to progress through these states organically. However the majority of people who get stuck in a particular state fail to shift it without external intervention.

This is because it is impossible to break free of your limiting behaviour and beliefs unless you know exactly what are the limiting behaviour and beliefs you are trying to replace. Do you spend more money than you have? Do you feel that you don't deserve money? Do you believe that you have to compromise your ethics to make money? Are you rarely contented with your financial situation? These are just a few of the questions that you will need to answer in order to begin to break free from your bad money habits and restore money harmony in your life.

The 9 money mindset profiles I have identified are based on my observations of how people I have worked with, lived with, mentored and coached interacted with money. In addition I have also drawn on the work of Deborah L. Price (a highly regarded financial advisor and money coach in the USA) in her book Money Magic.

1. The Disconnected. These people are very childlike in their attitude to money. They remind me of my young son who is always pestering me for the next thing on his list of wants. He is never satisfied with what he has and possesses no understanding of how the money to pay for what he wants materialises. Indeed materialisation is how The Disconnected think money appears. This is not to be confused with manifesting. The Disconnected mentality is one of lack and grasping rather than abundance. As adults they are completely disconnected from any concept of taking responsibility for their finances and have no interest in learning about strategies to improve the flow of money or wealth and abundance within their lives.

2. The Sufferer. Sufferers see themselves as victims of society. They believe that they suffer at the hands of those who control money and blame their lack of money on others and their prevailing circumstances. It's the recession, wages are low, investments favour the rich, and society is unfair. While some of these statements may be true, the issue with Sufferers is that they shift all the blame externally and take no ownership of their own intrinsic power to increase the flow of wealth and abundance within their own lives.

3. The Chaser. These people chase money and in doing so drive it away. They are always dissatisfied with their financial situation, even if from the outside they appear to be extremely rich. They are always chasing after the next deal, the next investment. Again these money types, like the disconnected have lost connection with their "satisfaction" button. They no longer know how to feel satisfied or contented and believe that being satisfied is always one deal away.

4. The Crusader. These people have bought into the negative philosophy surrounding money. i.e. money is evil; money brings resentment and unhappiness; people who have a lot of money are greedy and selfish etc. These beliefs couple with low self worth lead to them feeling that they don't deserve money and others do. Either because others are more in need of money so they are more deserving or because they are more skilful at obtaining it. The Crusaders are lost in the intellectual theories around the idea of money; therefore, they fail to connect spiritually with the concept of true wealth and abundance being available to them.

5. The Maverick. Everyone knows a Maverick; someone who is careless and foolish with money. The gamblers who take chances with the family resources. Sometimes these people are literally gamblers, risking all on the turn of the card or the speed of an animal. Not only do they play fast and loose with money, they are also spent drifts with expensive tastes rarely able to live within their means. I am reminded of a former acquaintance that would spend days in the gambling house trying to win back the money he'd lost. And when he finally left empty-handed, he would go home via Harrods and use his credit card to buy the best T-bone steak to have for breakfast.

6. The Dreamer. Dreamers are too busy focusing on the more artistic and creative aspects of life to be really bothered with money. They are attracted to money because they recognise its power to give them the goods and services they need to pursue their art. However, they are at the same time repelled by money because they are afraid that possessing it may make them too materialistic and less creative. Dreamers also believe in suffering for their craft and clearly having money would go against this.

7. The Bully. Bullies use money to control others. Often misers, they lack generosity when it comes to keeping the flow of money going. If they are males, they are quite chauvinistic in their outlook and often use money as a way of oppressing their partners. Bullies shy away from close relationships with others because they don't want to share their resources. Often Bullies’ lives are filled with conflict.

8. The Sage. The Sage is wise with money. The pre baby boomer generations were full of Sages. People who knew how to “stretch” whatever money they had far enough to meet their family’s needs until the next links injection of cash. Sages have mastered the art of deferred gratification. They will save money and live within their means. Acquiring vast amounts of money is not an end in itself to Sages. Sages are connected to the idea of “more than enough” and are generally contented once they have achieved the goals they have set.

For many people becoming a sage is the end of the journey when it comes to achieving a healthier relationship with money. However Sages accept the limitations of their circumstances. They are wise with money but not adventurous. Sages have not taken the last step into true financial freedom and wealth, because essentially they operate from a lack mentality. That is they have not embraced the abundance available within the universe.

9. The Mystic. The ultimate goal in the journey to heal your relationship with money is to become a Mystic. Mystics tend to be emotionally sensitive, spiritually intuitive and ready to experience connection with their spiritual source, the God of their understanding. The Mystic desires connection and oneness. As a result they understand how to create, save and invest money. They have a strong and secure relationship with money and because they are clear about the spiritual dimension to money they do not feel controlled by it. Mystics are financially free, secure and are both materially wealthy and emotionally, psychologically and spiritually wealthy too.

Each of the nine states have particular characteristic behaviour associated with the thought patterns that they are driven by.

If you would like to explore your money relationship and discover what your dominant money mindset profile is, I offer a FREE  (no obligations) taster session. For further information please email me with your contact details at tycoonwomen@tycoonwomen.com