What Will I Do With My Money
One of the things that has both fascinated and frustrated me in 15 plus years of teaching about money management is this: While it's relatively easy to teach people the how-to's of wise money management, it's often really hard to get them to do. Of course, the how-to's are necessary, but it's also important that we understand our attitudes and beliefs about money--"where we're coming from" with regard to money--because this is the stuff that so often interferes with the best laid plans.
Five years ago, I started to study the impact that our personality type has on how we manage money and some new light bulbs went off. Many of the money-related conflicts in marriage, for example, are based on the frustrations of wanting to other person to change certain habits. Learning how to utilize each person's inherent strengths, and learning how to manage each person's weaknesses could help people avoid some of those conflicts.
Understanding our personality type is a fascinating journey of discovery, and Ray Linder is an excellent guide. He's an authority on the Myers-Briggs Type Indicator, one of the most widely used approaches to personality types. His book, What Will I Do With My Money, is a great resource for understanding the impact that our personality type has on our financial behaviors, and for learning how to make the most of our type.
If you're looking for quick money management tips, this is not the book for you. But if you're willing to do a little work (the book contains over 10 self-assessments), you're in for some powerful, life-changing insights that'll help you understand the motives behind some of your financial tendencies.
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Matt About Money
- Recession Lessons; Your Own Financial Stress Test; Cheap Eats; and more in the latest issue of the Matt About Money eNewsletter.
Praise for the book, “Money, Purpose, Joy.”
“Not your ordinary personal finance book. Matt Bell goes beyond the numbers to engage the heart, guiding readers toward the most effective, joyful use of money.”