Russ Alan Prince, one of the world’s most published authors on the topic of private wealth, has put together this list of nine financial personality types.
We all fall into one of these categories, regardless of how much we are worth. But the majority of the seriously rich among us fall into just three of them.
Read through this list of personality types to find out what category you fall into (or ask your nearest and dearest if you dare!). Then see if you can pick which three belong to the super rich – answer at the end of the article.
21 per cent Family Steward: Focus on taking care of the people they love. They care about education, their children becoming hard-working and successful and passing on an inheritance.
17 per cent Phobic: Doesn’t like investing, doesn’t want to learn about it or understand it. They like to delegate and have trust.
13 per cent Independent: Wants financial freedom and flexibility to do what they want, when they want. Money is just a means to this end.
12 per cent Anonymous: Very private people who don’t like sharing their financial position. Confidentiality is everything.
10 per cent Mogul: Enjoys the power, influence and control that money can give.
8 per cent VIP: Enjoys the possessions and social respect that comes from money. Prestige is important.
8 per cent Accumulator: Saves more than they spend, doesn’t show their wealth and might live below their means as money makes them feel more secure.
6 per cent The Gambler: Wants to beat the market and likes the excitement. It’s all about the returns.
5 per cent The Innovator: Likes things that are technically clever, new funds, and trading methods. They veer to complex strategies.
The three personality types you were looking for were family steward, the phobic and the independent. But, more importantly, which personality type were you?