People's money personalities affect their financial choices from "summary" of The New Psychology of Money by Adrian Furnham
Understanding how people think about money is crucial to understanding their financial choices. People's money personalities play a significant role in shaping their attitudes towards money and ultimately influence how they manage their finances. One's money personality is a reflection of their beliefs, values, and emotions related to money. This can range from being a risk-taker who enjoys investing in high-risk ventures to being a cautious saver who prefers to keep money in a savings account. Individuals with different money personalities are likely to make different financial decisions based on their unique outlook on money. For example, someone with a spontaneous money personality may be more incline...
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