The Gifts and Challenges of a Financial Funster

financial funster

By now, you know that everyone is a combination of various money personalities. We’ve studied the ChessMaster, the Tortoise, the Whirlybird, and the Champ. The remaining personality is often the most fun of the bunch—the Funster—but there’s a good chance that she’s also often the one financially struggling. This is especially true if the Funster struggles to tap into the stronger characteristics of other money personalities.

That’s not to say that a Funster is a bad thing—not at all! The best thing about the Funster is right there in the name. F-U-N. Money is simply a tool to have fun. Let’s take a look at some of the other gifts a Funster holds.

Optimism

No matter how bad that last investment panned out, a Funster always knows that they can make more money. No other money personality has more hope than a Funster. Just be sure you plan far enough in the future so that hope doesn’t run out before the money does.

Live for Today

No one knows better than a Funster that you can’t take your money with you when you die. A Funster will live every day to the fullest and worry about tomorrow when tomorrow comes. It’s a kind of happiness that not a lot of people get to experience, and a Funster will likely have plenty of friends around to join in on the fun.

These sound like some great benefits of the Funster personality, don’t they? The problem is that there are some drawbacks that can easily overtake the good, if you’re not prepared. These challenges include:

Distractions

Funsters can do a world of good when they have goals to focus on. It’s easy to get sidetracked, though, especially since the Funster thinks more money will come back around tomorrow. With some help from other characteristics of your money profile personalities—or from a friend or loved one who possesses other characteristics—you can get back on track and stay there.

Risk

That belief that money will come back around later can also lead a Funster to take big risks, whether it’s gambling on a big investment or simply spending all the gains from a windfall before planning for the future. Work hard to find a balance between fun and temperance so that you can hold onto some of your winnings for the future.

Impulse

Perhaps the most challenging of characteristics a Funster faces is their poor impulse control. Even with strong goals set and plans made for future earnings, those impulses could crop up and destroy a lot of hard work. You do deserve to have fun with your money, but you also deserve a financially secure future. Get control of those impulses and watch how your fortunes change.

You are most certainly a combination of two or more money personalities. Take our Money Profile quiz to determine your strengths and weaknesses. Then give us a call. We’ll work with you and your loved ones to harness all the good in your money personality to overcome the challenges.

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