Have you ever purchased anything on the spur of the moment (such as a dress or a pair of shoes) and when you got home you realized you really didn’t like or need it?
Or even worse, you didn’t have room for it in your closet?
Many of us make financial decisions without fully understanding the motivations behind them. We may feel comfortable with certain choices, but not know why we are making them or how they will affect our finances in the long run.
The reason, according to neuroscientists, is that only 5 percent of decisions are conscious versus 95 percent of our decisions, actions, emotions, and behavior are made unconsciously.
Without a deeper understanding of our money beliefs and underlying motivations, it can be difficult to make smart decisions when it comes to spending, saving, investing and managing our money. This can lead to costly mistakes that could have been avoided if we had taken the time to understand ourselves better.
So … how do you gain clarity around our relationship with money and the decisions you make?
By identifying your money archetypes.
Uncovering your money archetypes is an invaluable tool for helping you manage your finances more effectively. By exploring each of these eight different archetypes, you can gain insight into your own patterns and behaviors so that you can make smarter financial decisions in the future. With this knowledge in hand, you’ll be able to save more money and invest wisely for a brighter financial future!
Today, I’m going to share the 8 money archetypes and how they affect your financial decisions.
At the end of this episode, I will give you access to a free tool you can use to identify your unique money archetypes.
🌟Watch the full show (👇link at the end of the article) or read this show note for the most important nuggets of money wisdom.
Hello and welcome to Rise to Your Money Power! where we have honest conversations to empower you around your money
I’m Pamela Plick. I help purpose-driven women to overcome feeling anxious, overwhelmed or stuck related to their personal relationship with money so they can become confident, achieve peace of mind, financial freedom and impact without fear. I do this through my signature programs and services, events and community.
The first step is to understand the money archetypes or those voices in your head that are driving your financial decisions and how they impact your money beliefs and behavior. Your money archetypes are not your personality or “who you are”, but are symbolic metaphors that help us to understand our patterns and behaviors. They show us “where we are” so that we can become aware of, and change our unconscious behaviors. Archetypes are powerful “teachers” and “allies” since they inform us of where we need to grow.
The eight money types are:
“I put off making financial decisions because I just don’t want to deal with it.”
The Innocent take the ostrich approach to money matters. The Innocent is someone who avoids money matters, choosing instead to bury their head in the sand and pretend that financial decisions don’t have to be made. They often ignore or underestimate the power of money and what it can do for them. The Innocent may also be overly trusting when it comes to financial advice, making decisions without taking the time to research or understand the implications.
“If I had a better paying job, I would be better with my finances.”
The Victim is someone who lives in the past, looking to blame others or outside circumstances for their financial situation. They might feel like they are a victim of an unfair system or that luck isn’t on their side, and this sense of being victimized can lead to feelings of anger, resentment, and helplessness. Victims may also be prone to making decisions out of fear or uncertainty, and may lack the confidence to make sound financial decisions for themselves.
“I have put a plan in place to achieve my financial goals.”
The Warrior is someone who approaches money with a sense of determination and control. They take risks but also manage their resources responsibly. The Warrior is confident in their financial skills and is not afraid to take calculated risks in order to achieve their goals.
“I help my family members financially even though I may not have the money to spare.”
The Martyr is the type of person who puts everyone else’s needs before their own and sacrifices for the greater good. They often view money itself as a negative force, believing that it corrupts and leads to selfishness. The Martyr may also be overly generous with their money and put themselves in a vulnerable financial position by not taking care of their own needs.
“Let’s invest in this new company. I haven’t researched it but I have a feeling it will do well.”
The Fool is someone who approaches money with reckless abandon and little to no regard for consequences. They may be impulsive when it comes to making financial decisions and take risks without fully understanding the potential implications. The Fool also doesn’t value hard work or saving, and may be reckless with their finances. The Fool is really a combination of the Innocent and the Warrior.
“I don’t feel comfortable charging what I am worth because I may lose customers.”
Creator/Artists are on a spiritual or artistic path. They often find living in the material world difficult and frequently have a conflicted love/hate relationship with money.
The Creator/Artist money archetype is an interesting one, primarily because it is often driven by a desire to make something meaningful or beautiful instead of financial gain. These individuals are often creative and artistic in nature and may struggle with balancing the need to be creative with the practical aspects of making a living. They may feel uncomfortable with any kind of material success, as if it was not meant to be.
“I will loan you this money but I want proof of how you are going to use it.”
The Tyrant is someone who is ruled by fear and tends to view money as a way of power and control. The Tyrant may be overly focused on accumulating wealth and status, often at the expense of their relationships or other areas of life. They may also be prone to manipulating or exploiting other people for their own financial gain.>Continue writing more information about the previous sentence.
“I am confident that I will change my relationship with money because I am getting the support I need.”
Magicians embrace money as a tool for transformation, using it with grace and understanding. They know the power of money and use it responsibly to create positive change in the world. They understand that having abundance is not just about wealth, but about being able to use money to create something meaningful.
The 3 ideal archetypes are the Magician, the Warrior and Creator Artist …
Usually, at any one time, there are several of the money archetypes guiding your financial decisions. Some can be dominant while others are passive and they can change based on where you are in your life.
These archetypes are important because they help you determine what you need to change to create a more positive relationship with money and guide you to achieving greater financial balance.
Understanding your money archetypes is the first step towards developing a positive relationship with money. They help you to understand your current relationship with money. With this knowledge, you will have the ability to identify which archetype is at play when making financial choices and make conscious decisions that are aligned with what’s best for both yourself and those around you. It’s time to take control of your finances by understanding these powerful archetypes!
You can watch my full Rise To Your MONEY POWER Show episode here:
Join me for RISE TO YOUR MONEY POWER – a free weekly show with Live Audience Conversation and Q&A. Every Thursday at 1:00 pm Pacifc on Win Win Women TV: https://winwinwomen.tv/show/rise-to-your-money-power