Tuesday, April 23, 2024

Jordan Goodman's latest book, Master Your Money Type, will help you do just that. First, of course, you need to know your money type. He talks about many like, The Strivers, The Ostriches, The Debt Desperadoes (my personal favorite type), The Coaster, The High Rollers, and The Squirrels.

From the summary of money types...

The Debt Desperadoes
Whether in debt because of overspending or being underfinanced, Debt Desperadoes are always coming up short. The spending addicts (or shopaholics) among you prefer the thrill of buying to the security of having. Then again, some of you are underfinanced because of having lost your jobs. Or you’re left with no assets after some personal catastrophe, and you max out your credit cards and borrow to pay for staples.

Many Debt Desperadoes hit a wall, and the out-of-control spenders finally go cold turkey to stop the spendaholism. It’s not uncommon for your type to bury yourselves deeper. You create more debt by borrowing to pay other outstanding debt and use still active credit cards to charge more stuff.

Money mastery for Debt Desperadoes: Can you finally work your way out of debt and prove to yourself that you can manage money? Yes! I’ll show you how with a financial plan that’s easy to follow. Remember: It’s your money, and you deserve to have it work for you, not against you!

What’s smart about Jordan’s approach is that he looks at spending. Spending is the road to debt. Jordan also calls attention to many personal stories that illustrate his advice for overcoming expensive debts and tackling spending problems.

Although my attention was pulled to Debt Desperadoes, I found the other money types quite helpful in understanding people and their thinking in regard to finances. Even though you may be more of one money type, that doesn’t preclude you from having aspects of another, like say, The Squirrel or The High Roller, who’s names truly describe their mindset.

This book should be on your must-read list! I highly recommend you pick up a copy today!

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