Lexus Group Consultancy in Tokyo, Japan Want to retire wealthy? Start with your 'money | Page 2

“They either like it or they don’t — that’s a hugely valuable lesson to learn,” Murphy said. “And lots of
people don’t learn that until their 20s or 30s.”
So which money personality do you have? Here’s how the four break down:
1.
Money avoidance: Money avoiders believe money is morally corrupting — that rich people are
greedy and therefore they, themselves, don’t try to amass wealth when they get it.
2. Money worship: Money worshippers believe that money will solve all their problems, and that
their happiness and power is tied exclusively to having enough money.
3. Money status: Those who follow the money-as-status script believe that their self-worth is equal
only to their money. They tend to believe that it’s important to buy new things as a marker of
status, rather than because they really need them.
4. Money vigilance: People who are money-vigilant emphasize frugality and saving — and they’re
also a little bit secretive about how much money they have.
You can probably guess which one tends to produce the most wealth over time: No. 4, or money vigilance.
But Murphy said lots of people hold a mix of these beliefs — and can exhibit combinations of unhealthy
behaviors, like compulsive gambling or giving too much of your money away to charity. Even hoarding
money and being unwilling to spend any can be emotionally detrimental.
Still, Murphy said that, above all, it’s important to pay attention.