the 8 money types

Let us introduce you to the eight money types created by the Money Coaching Institute. They are eight fictional characters who all behave very differently when it comes to money. We all have all of them inside us…

No matter where we are financially. The money types are like the drivers of your money life.

Most of us have one or more of the eight money types at the wheel. When we discover which types are driving our financial lives, we then know if we need to change the driver or help them drive better. The money types are not labels - we are not fools, tyrants, or victims, is it just a side of us that may or may not show at certain times.

Understanding this helps us to learn how to make better, conscious decisions with our money and as a result our money life improves!

borofree The Innocent

The Innocent

Take the ostrich approach to money, doesn’t want to see what’s going on. Would rather not be responsible for financial decisions or money management. Seeks safety and security and longs to be rescued.

borofree The Creator and Artist

The Creator / Artist

Often on a spiritual or artistic path. Finds the material world difficult to live in. Can be financially detached or have a conflicted love/hate relationship with money. Tension between spiritual and material words --- needs to integrate the two.

borofree The Fool

The Fool

Looking for a windfall and tends to take financial shortcuts. Relatively fearless, often impulsive and can get caught up in the enthusiasm of the moment. May lack discipline, be restless or overly generous. Need to develop patience and to slow down their decision-making process.

borofree The Magician

The Magician

The ideal money type. Knows how to transform and manifest their financial reality. Willing to claim their own power. Armed with the knowledge of the past, they have made peace with their personal history and have transformed their lives. They feel secure and know all their needs will always be met through faith, love, and patience.

borofree The Victim

The Victim

Often blame their financial situation on external factors. May have been abused, betrayed or have suffered some great loss. Tends to live in the past. Often has a self-fulfilling prophecy. Won’t take responsibility for their life situation.

borofree The Tyrant

The Tyrant

Can use money to manipulate and control people, events and circumstances. May not feel at peace or comfortable with themselves… money makes them feel safe. Their greatest fear is loss of control and that without money they would be unloved and worthless.

borofree The Martyr

The Martyr

Busy taking care of others’ needs, but often neglect their own. Not conscious of their own suffering. Tend to be self-sacrificing and long-suffering. May be financially generous/giving but can have strings attached. Can have boundary issues. Needs to learn to receive. I’m so tired – when is it going to be my turn?

borofree The Warrior

The Warrior

Takes charge, goal-oriented, gets it done. Successful in business, focused, decisive, and in-control. Discerning, powerful, driven, and financially self-actuated.