Do you know what your Money Habit Archetype is?
Okay, so there are, three broad categories of “habit archetypes” that people fall into when it comes to money.
The thing with money is that we have these habit patterns and they don’t really change that much unless we do something major to shift them.
That’s because a habit is an unconscious pattern in the nervous system, which means that you’ll repeat it over and over and over again without giving it any conscious thought.
You’re unconscious to it.
It just happens automatically on autopilot and meanwhile you’re washing the dishes or on Facebook or whatever you’re doing, and you don’t realize what is going on.
We operate unconsciously about 98% of the time, so it’s not just you, it’s how the human mind works.
When it comes to money, like I said, there are three broad categories of Money Habit Archetype.
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Now, they are:
Number one: The Accumulator.
The Accumulator is somebody who always seems to manage to put some money away. No matter what’s going on, they’ve always got a bit leftover and they tuck it aside. So that is the Accumulator.
Number two: The Spender.
This is the person who always kind of breaks even. Money comes in, money goes out. Really, they just spend everything that comes in, everything they earn, and every dollar has an important… or not so important job to do and there’s nothing left.
And the third: The Overextender.
The Overextender is the one that always seems to have not quite enough and is constantly going backwards. They’re constantly accumulating debt, because they spend more than they earn.
Now the really interesting thing about this is that it actually makes no difference as to how much money you make to what habit archetype you are.
The habit archetype has to do with the patterns that are running deep in your subconscious basement. They’re running the show, so the numbers are irrelevant.
You can be an Overextender who always goes into a bit of extra debt, earning $20,000 a year. You can be an Overextender, then as life progresses you’re making $60,000 a year, but still it’s not quite enough because you want that lovely car and you want to live in a nicer place than you can really afford. And then say you do build a business that becomes successful and you’re turning over a million or more, and you decide that you really do want the Ferrari, you want the Porsche as well, and you want to have those amazing holidays in the Maldives while they’re still above water level.
So, no matter how much you’re earning you’re still always just stretching yourself beyond your means, so it’s got nothing to do with how much money you make. That means that if you want to change that pattern, that end result, it’s not just about looking at how can I bring in more money, it’s actually about looking at, “Hm, this pattern… what’s going on with that and what’s that all about?”
So, an easy way to figure out which of those three you fall into, is to look back to your childhood. Think about what you were like as a kid with pocket money or with your first job and you’ll find that it’s actually still the same.
The interesting thing is that the people who are Accumulators, they always feel like, “Yeah I’m saving money but it’s just not enough, there was more to be saved so maybe I’m not an Accumulator, maybe I’m a Spender”. So if that’s how your brain is firing right now, just know that if you’re somebody who says, “Ugh, I only have $10,000 in the bank and it’s just not enough,” you’re an Accumulator.
So what I wanted to let you know is that, you need to figure out what you are and the easiest way to do is to go back to early childhood, because most likely it’s been that recurring pattern ever since.
Then figure out where that came from.
Why do I feel like it’s just never enough?
Most of us just think that if we just became an Accumulator everything would be great, but the interesting thing is, I know lots of Accumulators who are really unhappy about their financial situation, because the undercurrent is that, “It’s not enough, and I’m not safe. No matter how much is in the bank, I’m not safe.”
Or maybe you’re a Spender and you do spend every dollar that comes in, but you’re doing that from the point of view of, “I trust that all my needs are always being met. I trust that I’m able to generate any amount of money I need, and I trust that my bills are always paid, and I trust that I always find the opportunities to help me create more money, so spending isn’t a big deal, because there’s always more coming in.”
If you’re a Spender, and you’re always breaking even, and that is your mindset… that’s awesome! That’s actually fabulous, because the bottom line is that how much money is in the bank is irrelevant, it’s how you FEEL about it that is relevant.
So, if you don’t feel good about your financial situation and your Money Habit Archetype – the way that you operate around money right now – then you do need to go back and just ask the questions, “Where did I learn that? Where did I learn that that’s important or that’s the way things work?” Start to unravel some of those things.
Start to ask yourself those sorts of questions.
Questions are powerful, and on that note before I let you go, I encourage you to do my quiz. I’ve got this great quiz which actually lets you know what the next step is to creating a life of abundance & joy.
We don’t want to be rich and feel like crap and feel like it’s not enough. We want all of it.
So if you feel like that’s not quite humming for you please take my quiz, the link is in the description and it’ll help you work out what your next step from here is, so that you can create that abundant life for yourself.
READY TO GO DEEPER?
Take the Money Habit Archetype Quiz so you can clear your biggest money block.