Emotions & Sentiments drive financial markets. So it is absolutely important for you as a traders/investor to understand your own thought patterns about money. This will help you to get a grip on your emotions & make better financial investment decisions.
Understanding your money related emotions i.e fears, greed, shame, envy and coming up with a way to manage them is a must have tool for a financial investor & trader in the longer term.
People usually fall into one of the below 7 personality types according to Ken Honda, author of bestselling book “Happy Money: The Japanese Art of Making Peace With Your Money”.
- The Compulsive Saver
- The Compulsive Spender
- The Compulsive Moneymaker
- The Indifferent-to-Money
- The Saver-Splurger
- The Gambler
- The Warrior
So which personality type are you ?
Take FalconFunda’s Mindset about Moneytest and find out your personality type.