What Is Your Money Personality?

by Stacy Francis, CFP®, CDFA

Personalities are as different as snowflakes. And our personalities around money are no exception. Deborah Price, money coach and author, suggests there are eight money personalities that people fall into.

By understanding your own personal mythology and the history behind your current money type, Deborah believes you will become conscious of patterns and behavior that are preventing you from having the life you desire.

Read below to learn to understand how your money personality was formed and what you can do to change it.

The Innocent The Innocent takes the ostrich approach to money matters. Innocents often live in denial, burying their heads in the sand so they won't have to see what is going on around them.

The Victim Victims are prone to living in the past and blaming their financial woes on external factors. Victims generally have a litany of excuses for why they are not more successful, and they are all based on their historical mythology.

The Warrior The Warrior sets out to conquer the money world and is generally seen as successful in the business and financial worlds. Although Warriors will listen to advisors, they make their own decisions and rely on their own instincts and resources to guide them.

The Martyr Martyrs are so busy taking care of others' needs that they often neglect their own. Financially speaking, Martyrs generally do more for others than they do for themselves.

The Fool A gambler by nature, the Fool is always looking for a windfall of money by taking financial shortcuts. Until the Fool becomes enlightened she will continue to attract money easily, only to have it quickly slip through her fingers because she’s simply not paying attention.

Creator/Artist Creator/Artists often find living in the material world difficult and frequently have a conflicted love/hate relationship with money. Their negative beliefs about materialism only create a block to the very key to the freedom they so desire.

The Tyrant Tyrants use money to control people, events, and circumstances. The Tyrant hoards money, using it to manipulate and control others. Although Tyrants may have everything they need or desire, they never feel complete, comfortable, or at peace.

The Magician The Magician is the ideal money type. Using a new and ever-changing set of dynamics both in the material world and in the world of the Spirit, Magicians know how to transform and manifest their own financial reality.

Any of these sound familiar?

Read more about the games we play with our money and our "types" of relationship with money in Money Magic: Unleashing Your True Potential for Prosperity and Fulfillment by Deborah Price.

Stacy Francis is president and CEO of Francis Financial, Inc., a fee-only wealth management practice dedicated to investment advisory services for women, couples and those experiencing divorce. She is also the founder of Savvy Ladies®, a nonprofit organization that educates and empowers women to take control of their finances.

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Stacy Francis, CFP®, CDFA

Stacy Francis is the Founder, CEO and President of Francis Financial, Inc., a Wealth Management and Financial Planning firm. With over 18 years of experience in the financial industry, she is a CERTIFIED FINANCIAL PLANNER™ (CFP®), a Certified Divorce Financial Analyst™ (CDFA™), and a Certified Estate Planning Specialist (CES™). She is the Co-Director of the Association of Divorce Financial Planners’ (ADFP) Greater New York Metro Chapter and a member of the Women Presidents’ Organization (WPO) and an honoree member of the Private Risk Management Association (PRMA). A nationally recognized financial expert, Stacy has appeared on ABC News, CNBC, CNN, PBS Nightly Business Report, The Today Show, Good Morning America, Fine Living Network, and The O’Reilly Factor. Stacy attended the New York University Center for Finance, Law and Taxation.

10 Secrets to Masterful Business Networking

by Alison BW Pena

1) Ask your best clients, colleagues and friends the most effective place(s) they network for business. Allow them to introduce you into their community. That simple action already increases your Know, Like and Trust factor.

2) Pay to network. That said, most paid networking groups allow prospective members to attend 1-2 meetings FREE before they decide or have a non-member price for events. Check them out before you commit.

3) Do your Google research on the group and event. Then go forth and network.

  • Meetup.com, eventbrite.com, BNI, Chambers of Commerce, search online for your audience (i.e., business networking, women’s networking...)

  • Who is on the membership roster? Would you like to know them?

  • What is the topic of the activity and does it sound fun or interesting?

  • When do events happen – mornings, 9-5 pm M-F or weekends? Ideally, you want networking to be at a time when you are at your best.

  • Does your target audience go to these events?

  • Do professionals who serve your target market attend the network?

4) Schedule 1-2 networking events each week and go. Networking is a muscle that atrophies when it is not flexed. You don’t have to be perfect. You can’t say the wrong thing to the right person or the right thing to the wrong person.

5) With each conversation, you hone your capacity to open and deepen your connections with people. You get clearer about what aspects of your work are most important to them. That shapes what you say next to them or a person like them. That can guide your marketing copy.

6) A person is not only their profession or business. Asking about family, hobbies, restaurant or travel recommendations is not a technique. The more common touches you have with the person you are talking to, the more likely they are to become a client or refer you to one, partnership or friend.

7) Don’t try to meet everyone in the room. I aim to truly connect with 3 people at every event. Anything more is a bonus. If you notice there are more than 3 people you are eager to get to know, that is a group you might consider joining.

8) Get to know the connectors (especially if you are an introvert). You will notice people who easily make organic connections for themselves and others. They exist is EVERY group and are what I call circles of influence. Their ripple effect is HUGE!

9) If you go to a networking group or event, connect with 3 promising-looking people and that network does not resonate with you, it’s OK to leave.

10) Your time is valuable. Think of networking as a kind of play or dance. What’s the next move? Network consistently and you will find YOUR best practices for connecting as you discover people and networks you truly enjoy. Have fun!

Affluence is not a mindset. It’s not a destination. It’s not a fixed dollar amount. And it’s certainly not just for rich people. In fact, affluence is more like a secret code. Which means that whoever you are, wherever you live, whatever the numbers in your bank account, you have options. You can choose lack, scarcity, and “not enough.” Or you can choose affluence.

Alison believes that true affluence is having the time, money, freedom and aliveness you desire. She helps entrepreneurs, business owners, professionals shift into bounty, wealth, purpose and new possibility.

Money Talks. Are You Listening?

by Liz Wolfe

A hot topic in the news these days is why the “1%” have such a disproportionately large amount of accumulated wealth in comparison to other 99%.  Perhaps you've seen the video that went viral (almost 7 million views to date) that demonstrates this with impressive graphics and mind-boggling statistics.

So why do the 1% have so much more than the rest of us? Is it because they greedily and purposefully hoard it to keep it away from the rest of us?  Is it because poor people are lazy or financially irresponsible, especially when on public assistance? Is it because the government unfairly favors the rich and big business?

Here’s my question. Who cares?

How much money they have has nothing to do with how much money you have. There is an unlimited amount of money available to all of us, and the key is not figuring out why they have more than you do, but rather why you don’t have as much as you want.

Here are some reasons we have trouble creating more money in our lives:

#1 – People think money is a “thing” or a fixed entity

Money is energy. Dollars bills and coins are merely symbols of the life energy we exchange and use as a result of the service we provide to the universe and to each other. Thinking of money as an object restricts our ability to create it freely. By learning to acknowledge it as energy, you will have unlimited access to it.

#2 – People think there is a limited supply; that if wealthy people have too much, it takes away from my supply.

Back to reason #1. There can be no limit because money is not a fixed entity. There is an unlimited supply. How much someone else has does not affect how much you have now, or will have in the future.  Ever!

There are too many examples of people from the poorest and most difficult backgrounds, who found great fiscal success (like Jobs and Gates and Rowling) to give any credence to the notion that the top 1% could somehow keep me from earning as much money as I want.

#3 – People think that money is directly related to their own, personal worth.

People have the mistaken notion that you have to "deserve" money and therefore justify why wealthy people shouldn't have so much, because no one "deserves" that kind of money. Who came up with this idea of “deserving” anyway? To say “all that I deserve” puts a limit on it. How do you know if you deserve it? Who decides if you deserve it?

Money is neutral. It doesn’t care if you deserve it or not. You have as much money as you have created up until now. End of story.

#4 – We are told that it is more noble to be poor than rich, and that rich people are selfish.

The interesting thing about this is that you can probably do more good with money than without it. However, stories often portray the rich as unfeeling and stingy, and the poor as benevolent and generous.

#5 – People think that you have to have money to make money.

Since money is energy, it can be created from nothing. Don’t believe me? Try this. Just ask someone for money. (Someone that you know will give it to you.) You ask, they give, and you have it. There! Created from nothing!

I read a story once about a woman who did a seminar where they were instructed to go out in to the world and just ask people for money. They did not give any reason for wanting it, or tell people they were in a seminar, they just asked for it. When all the participants returned, they had collected thousands of dollars, which the organization then donated to a charity.

#6 – We receive mixed messages about money

We’re told “Money makes the world go round” yet “money is the root of all evil.” “Money can’t buy happiness”, but we’re convinced that we’d be happier if we had more of it. No wonder money seems so perplexing.

#7 – We are not skilled at receiving money.

Actually, we’re usually not skilled at receiving in general, but money in particular presents challenges for people. It stems back to reason #3 (we don’t think we deserve it) and reason #4 (if we accept it we’re not good people.)

I have a personal policy – whenever anyone ever offers me money, I take it. I want the universe to know that I am open to receiving money at any time.  So, I always say yes!

The makers of the video I mentioned before compare the bottom 20% of the US economic strata with the top 1% and despair at the vast chasm separating the two. However, if we took the bottom 20% of the US demographic and compared just that portion to the demographics of most "developing" nations, it would likely fall in, if not the top 1% then at least the top 10 or 20% of a graph of all those nations.

Think of it this way. First, put yourself somewhere on this scale:







Most "middle class" people put themselves somewhere around “managing” or “struggling”. Now, think about the photo of that African child that Unicef sends out when soliciting donations - the one that hasn't eaten for a month and has a distended stomach and two parents with AIDS. Now, compare yourself and your situation to that child, and now place yourself on the scale. Compared to him, you're affluent.

Back to my original point. How much the 1% has, while certainly unbalanced, is irrelevant to how much money I have the OPPORTUNITY to create.  For that, we’re all on equal footing.

Liz Wolfe has lead trainings professionally for over 20 years. She is originally from Western Pennsylvania where she grew up on a sheep farm. She began her public speaking career as a child, doing spinning and weaving demos at local festivals with her family. In her formative years, she was money poor but resource rich. Her days on the farm supplied her with a wonderful foundation to learn about the abundance of the universe.

She came to New York City in 1987. Since then she has created a successful business with her husband, Jon, that focuses on helping companies and individuals realize their full potential. 


Liz Wolfe

Liz Wolfe has lead trainings professionally for over 20 years. She is originally from Western Pennsylvania where she grew up on a sheep farm. She began her public speaking career as a child, doing spinning and weaving demos at local festivals with her family. In her formative years, she was money poor but resource rich. Her days on the farm supplied her with a wonderful foundation to learn about the abundance of the universe.

She came to New York City in 1987. Since then she has created a successful business with her husband, Jon, that focuses on helping companies and individuals realize their full potential.