Lorraine Salvo, CFP, CDFA · Palisade Capital Management, LP

Discover Your Money Personality Type

& Take Control of Your Choices

What's more important to success, personality or IQ?

Believe it or not, it's personality.

That's because our personalities shape our feelings, behaviors, and perspective.

They also play puppet master for how open we are to learning, what we believe is "right," and the choices we make.1

That's how personality can take us further in life than book smarts alone.

And it doesn't stop with our personal and professional lives.

We all have distinct money personalities too.

They naturally affect how we feel, handle, and think about money.2

So, what's your money personality?

Let's see by checking out some of the most common money personalities and the mindsets behind them.

Not receiving our newsletter?

Get insightful info on finances and more in your inbox every month with the

VISUAL INSIGHTS NEWSLETTER

Your Fast, Fun Guide to Money Personality Types

Saving Squirrel

#1: COMPULSIVE SAVER

"Saving Squirrel"

Money Superpower:
Squirreling away wealth and saving money, even if without plans to use it.

Personal Pitfall:
Fears losing money or spending too much will interfere with real enjoyment of money.

Most Likely to:
Have a healthy rainy day fund, have automated savings mechanisms setup, and/or know where to find the best bargains.

Lavish Lion

#2: COMPULSIVE SPENDER

"Lavish Lion"

Money Superpower:
Generosity and treating others to the finer things, even if there's no specific "occasion" to celebrate.

Personal Pitfall:
Lifestyle creep, going overboard, or losing sight of savings goals.

Most Likely to:
Be an amazing host, be the life of the party, and/or be a fun shopping or traveling buddy.

Busy Bee

#3: COMPULSIVE MONEYMAKER

"Busy Bee"

Money Superpower:
Earning and giving 110% to money-making endeavors, no matter what the big-picture career goals may be.

Personal Pitfall:
Work-life imbalance or always prioritizing work over relationships and experiences.

Most Likely to:
Volunteer for overtime or special projects, be the hardest working person in a room, and/or work side gigs to get ahead financially.

Indifferent Iguana

#4: INDIFFERENT TO MONEY

"Indifferent Iguana"

Money Superpower:
Even-tempered about financial uncertainty and not sweating the minor money matters.

Personal Pitfall:
Actively ignoring money when making bigger decisions or viewing money as "bad" or "evil."

Most Likely to:
Believe there's more to happiness and life than money alone and/or not keep a close eye on budgets or spending.

Concerned Camel

#5: WORRIER

"Concerned Camel"

Money Superpower:
Keeping a close eye on the money and always being prepared for the worst case.

Personal Pitfall:
Going off the deep end and letting money worries get in the way of living a rich life.

Most Likely to:
Know where the exits are in any room and have multiple backup plans for any scenario.

Money personalities aren't "good" or "bad" by nature. They're simply a way to understand our unconscious beliefs about money.

FINANCIAL LESSON:

How Your Money Personality Can Be a Tool for Reaching Your Financial Goals

What money mindset really hit home?

Did more than one feel like they were describing you?

If so, don't be alarmed. Most of us don't have just one money personality.2

We're far more likely to have a "blended" money personality, combining a few different types.2

That can mean there's a dominant type that overshadows the rest — and that we may have a few more superpowers in our back pocket and some more pitfalls to beware of.3

Blended or not, though, money personalities aren't "good" or "bad" by nature.

They're simply a way to understand our unconscious beliefs about money.2,3

Bringing those out into the light can make it easier to balance out the strengths and vulnerabilities in our money personalities.

And that can be key to building to a better relationship with money and making more sound financial choices.

So can a solid plan for the future and helpful advice from a professional you trust.


Sincerely,

 

    Lorraine Salvo, CFP, CDFA

    Palisade Capital Management, LP

    https://www.palisadeprivatewealth.com

    (201) 585-5455

 

P.S. Sign up for my emails. My subscribers get my best insights.

Lorraine Salvo, CFP, CDFA

Palisade Capital Management, LP

Not receiving our newsletter?

Get insightful info on finances and more in your inbox every month with the

VISUAL INSIGHTS NEWSLETTER

Lorraine Salvo, CFP, CDFA

Palisade Capital Management, LP

An icon of a planet, referencing an internet link.

https://www.palisadeprivatewealth.com

An icon of a letter, indicating an email address.

lsalvo@palcap.com

An icon of a handheld telephone receiver, indicating a phone number.

(201) 585-5455

Risk Disclosure: Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future results.

This material is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. The content is developed from sources believed to be providing accurate information; no warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability, or usefulness of any information. Consult your financial professional before making any investment decision. For illustrative use only.

Past performance is not a guarantee of future results. No assurance can be given that any Palisade strategy or allocation to a sub-adviser will be successful (each a “Strategy”). The performance of any Strategy can be volatile and involve a high degree of risk. Investors may lose some or all of their investment.

 

This document has been prepared for informational purposes only and is neither an offer to sell, nor a solicitation of an offer to buy any security, instrument, or investment product. It is not intended and should not be taken as any form of investment advice or recommendation. The information herein is accurate to the best of Palisade Capital Management’s knowledge as of the date indicated, unless otherwise noted, and is subject to change without notice. This document is not intended for distribution to, or use by, any party in any jurisdiction where such distribution or use would be contrary to local law or regulation.

 

Palisade Capital Management (“Palisade”) is an SEC registered independent investment management firm established in 1995. Beginning December 31, 2007, Palisade was redefined to include private equity investments. Based in Fort Lee, NJ, Palisade manages a variety of assets for a diversified client base including institutions, foundations, endowments, pension and profit-sharing plans, retirement plans, mutual funds, private limited partnerships, family offices, and high net worth individuals. Registration with the Securities and Exchange Commission does not imply a certain level of skill or expertise.

 

The information contained in this e-mail message, together with any attachments, is intended only for the personal and confidential use of the intended addressee(s). They may contain confidential and/or privileged information or other information subject to legal restrictions regarding disclosure and/or dissemination. If you are not an intended recipient of this message, any review, retransmission, copying, use, disclosure, or dissemination of this message or its attachments is prohibited. If you received this message in error please notify the sender by replying to this message and deleting or destroying all copies of this message and any attachments.