Quote of the Month – Do You Understand Your Financial Personality?

Nic Andrew – MD of Nedgroup Investments:

“Just as each of us have different personalities, that influence how we interact, see the world and are seen, we also each have different financial personalities. These are influenced by our upbringing, our education, our experiences, our current circumstances and our world view. Each of us has different levels of composure, confidence, impulsivity, desire for guidance, propensity to compare to others and level of comfort with our current and future financial situations.

Being truthful to ourselves and understanding our own financial personality is an important first step in identifying potential pitfalls to our financial success. We can then progress to identifying practical steps to address these pitfalls and leverage our strengths.”