The Compulsive Moneymaker
Top 3 in Top 7 Money Personality Types
Signs you might be a Compulsive Moneymaker:
- You are convinced that making more money will provide you with a better life.
- You devote the majority of your energy to earning as much money as possible, leaving you with little to no time to rest and relax.
- You enjoy receiving approval and recognition for your financial achievements from others.
Pitfalls:
- While Compulsive Moneymakers are typically well on their way to financial independence, they run the risk of slipping into dangerous territory if they start to put important relationships last in order to increase their wealth (e.g., choosing to work on weekends over spending time with loved ones).
- You'll have a better chance of achieving financial independence if you earn more money. The trade-off might be that you won't get any me time. As a result, over time, your physical and mental health will be compromised.
Money advice:
Recognize that money is not everything in life. You should enrich your life by dedicating time to yourself and your loved ones. You can also donate money to charity, which can help you feel financially strong while also helping the less fortunate. And if you do have a significant amount of wealth, give it meaning by helping others, whether that means donating to a worthy cause or treating yourself to that long-awaited family vacation.