It’s Money-day ~ and I trust you had a great week!In my many errands today, I was reminded of how confidence,security and well-being come from having cash; whilst uneasiness and uncertainty accompany declining bank balances.“Money Confidence” can show forth in many ways. Today I’ll share my observations of some of the people I have interacted with over the years who enjoy healthy balance sheets.Quiet Confident: As the name implies their body language and speech suggests a person who knows what they are about but do not feel the need to show off. They have money in all the right places and it’s very difficult to confuse them. Sometimes they may even be secretly patronizing persons of modest means.Humble Confident: These people are not defined by how much money they have, in fact some of these gems even feel a sense of guilt for having more than they need. This doesn’t mean that they will give it all away.Helpful Confident: Go out of their way to make the world a better place and share a healthy portion of their wealth.Cocky Confident: Probably persons new to wealth and feel superior because of the number of zeros at the end of the bank statement. They often use symbols such as clothing, cars, gadgets, houses and cars to exhibit their wealth. It is not uncommon that they treat people of lesser means with indifference or disrespect. It is likely that these people will enter depression if they lose what they have.Aloof Confident: This genre more than likely have grown up in wealth and business (old money). They see money as a form of status and dispense with anyone they suspect is not equal to or greater than their level of net worth.Hard Working Confident: More likely than not, they are well educated professionals or own businesses and work 12 hour days and weekends. They usually do not have the time to count their beans but know that they can comfortably deal with any financial setback. Many of these persons may have started as “dirt poor”. If they lose all their money they don’t flinch as they know how to reproduce it whilst living frugal and conservative lifestyles.Wasteful Confident: The confidence of these individuals usually come from their high levels of incomes which they feel is guaranteed. They simply go overboard with spending. The more expensive, the more desirable it is. For those who own businesses, they sometimes scrimp on paying employees but spare no expense to perpetuate their high consumption lifestyle. Sometimes these persons risk their net worth with debt just to eat and live more.Insecure Confident: This group is somewhat of an anomaly as, no matter how much wealth they retain they always feel insecure and fearful. Probably fear of losing what they have. They are closely related to the Miserly or Greedy Confident below.Miserly Confident: So entrenched in cutting costs they pride themselves in being experts at frugality.Greedy Confident: One of the seven deadly sins ~ at all costs and at anyone’s expense their confidence increases exponentially from adding to the already full pot of gold.Lucky Confident: Just got a break in life that would translate into money. Maybe they worked hard (in this case refer to hard working confident above), maybe they won the lotto or just got a lump sum. Chances are they did not work and save religiously for years. The risk is, without some coaching they may end up back to the pre-lucky days at some point.Well this is probably the longest blog post I’ve made to date – hope I didn’t lose you.Tune in next time for the list of “Money Don’t haves”Nick Says ~ “Tell me if I should create another money confidence group for someone you know that was not included in any above”

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Money Confidence