What Is Your Money Personality?

Are you a penny pincher or a high roller when dealing with money: Do you have demand-side or supply-side money issues? Are you afraid to spend money, so you don’t demand enough, feel worthy of enough? Or do you spend to make yourself feel better, spending money you don’t have?

Either extreme will throw off your flow of money and your financial balance.

You might have issues on the demand side if you don’t feel worthy of nice things or if you’re afraid of spending money on nice things, even if you can afford it. You don’t demand that money act as a tool to help you get the things you want, and your feelings about money might indicate problems with feeling worthy or happy with yourself and your life.

You might have issues on the supply side if you spend emotionally: If you’re unhappy, a new pair of shoes fixes the problem, at least for the moment. You don’t use good sense to make sure your supply of money is appropriate for what you want to do, and you use money to fix problems that money isn’t designed to fix.

What is your money personality? Go here for a short quiz to find out if you’re a penny pincher or a high roller!

Why does it matter which you are? The solutions are different for each and will backfire if you try the wrong ones for your particular set of issues.

How do you fix demand-side problems? Take baby steps to expand your prosperity levels: Buy the better bread. Go see a movie at night instead of a matinee. If something feels good to you, and you can afford it, buy it. Don’t second guess yourself and talk yourself out of it. Don’t make decisions based on fear and lack. Consciously work to expand your thinking about money to overcome your penny-pincher ways.


How do you fix supply-side problems? Figure out what your triggers are. Do you shop when you’re unhappy? Happy? Angry? What problems are you expecting money to solve for you? Figure out something else — something healthy! — you can do instead to soothe those feelings. Don’t try to mask or run from your feelings. Sit with them. Understand them and yourself. Being a high roller can be fun if you’re not trying to mask problems by spending money and not spending money you don’t have.

The idea in both instances is to recognize money as a tool, and to feel good and comfortable about using it when you see fit and for the right reasons. Having a greater flow of prosperity is always a good thing, but if you’re using money to try to fix problems that can’t be fixed with it, you’ll continue to have the same problems and be out of balance with money.

One of the best ways to increase your flow of money is to rethink your perception of how to receive it. I was taught that there is a direct relationship between the hours I work and the amount of money I make. I’ve only recently come to understand what Robert Kiyosaki was getting at in Rich Dad, Poor Dad: That creating a flow of income unrelated to your personal work hours is critical in becoming truly prosperous. Doctors and lawyers do well in most societies, but even they cannot be truly wealthy just from the hours they work because the hours in the day limit what they can earn.

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Passive income is a different money consciousness than earning money by the hour, and changing our consciousness in any area might take time.

We’ll talk more about creating passive income in a future article, but I want to encourage you to think about that vital difference.

How do you feel about money? Do you have demand-side or supply-side issues?

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