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Andrew (0:00)

On this episode of The Personal Finance Podcast, A versus B money personalities, which one are you?

What's up, everybody, and welcome to The Personal Finance Podcast. I'm your host, Andrew, founder of mastermoney.co. And today on The Personal Finance Podcast, we're going to be talking about your money personality. If you guys have any questions, make sure you join The Master Money Newsletter by going to mastermoney.co/newsletter.

And don't forget to follow us on Apple Podcasts, Spotify, YouTube, or whatever your favorite podcast player is. And if you want to help out the show, consider leaving a five star rating and review on Apple Podcasts, Spotify, or your favorite podcast player. Cannot thank you guys enough for leaving those five star ratings and reviews. Before we start this episode, I just have a quick announcement. We are going to be doing some one-on-one coaching with people. And this is going to be a very specific group of people that we're going to be working with. But we have a really cool thing coming up down the line. And so if anybody is interested, feel free to reach out to me, andrewatmastermoney.co, and shoot me an email. And I will get you linked up with our team, who is working on this project where we want to help people, families who have a household net worth of over $100,000 per year, who are willing to put in the work, willing to put in about an hour every single week. And we want to be able to help you all build wealth. I'm gonna give you literally every single week what you should be doing. We're gonna give you action plans. And this is gonna be one of those things that we can transform your finances over the course of the next six months. So if you are interested in that, please reach out to me.

We may be jumping on a call together to have a conversation, but you have to meet that qualification of a household income over $100,000 or have about $100,000 that you want to get invested in working in the market. So those are two of the qualifications, but please let me know. All right, perfect. Many of you may not know this, but your personality is actually going to be a big deal when it comes to how to manage your money. And many people don't think about this. They don't think about aligning some of their financial goals and they don't think about aligning the way that they manage their dollars with their personality type. But in this episode today, what I'm gonna be diving into is the two types of money personalities that we see.

And I'm gonna go through the superpowers that each one of those money personality types have. And we're gonna go through some of the fallbacks that you have. Plus, I'm gonna show you how to figure out what your money personality is and how to optimize your finances based on that. So this is gonna be one of those episodes that I am really, really excited about. Now there are two different types of money personalities. First, there is the type A person. Now a type A person is gonna be something like if you have a type A money personality and you already know that, then you know that you want control. And you want full control over everything in your life. Maybe you love all the little details inside of a spreadsheet or you check your accounts pretty frequently. And a lot of times a type A money personality is the type of person that is looking at their checking account daily, their savings account daily, their brokerage account daily, not out of necessity, not out of making sure that, hey, I have enough money to even make this purchase, but they're looking at it all the time because they want that full control. And there's a lot of psychology that comes into play when it comes to these different money personalities. But they also want to know where every single dollar went. A lot of times they are with their strict budgets, they're making sure they're on top of it, and they enjoy spreadsheets, they enjoy tracking things, they enjoy looking at all their credit card miles and points, and they have a spreadsheet looking at every single dollar and optimizing every single dollar. You optimizers, I love you all because you typically are taking action, and you know where everything is going. And they get satisfaction from optimization, and you get satisfaction from making sure that they are hacking their way to the top and getting the points in time where they can really do some cool stuff. And they probably know their net worth down to the T, they probably know their savings rate down to the T, and if they don't, they're tracking it somewhere and they can go look it up pretty quickly.