The real secret to reaching your financial goals

January is here, and we all have high hopes for this year — especially after 2020. But here’s the thing about a new year: It’s still the same you. When midnight came on New Year’s Eve, there was no magic wand that transformed you and took all your problems away. The only way anything is going to change for you this year is if you do it yourself!

The past couple of years I’ve been researching what causes people to reach their financial goals. One of the things I discovered is that we all have the capacity to improve. We just need a little self-awareness to make it happen.

There are seven strengths and weaknesses everyone has when it comes to their money. I call them the 7 Money Tendencies. Knowing your personal tendencies will help you reach your goals faster because you know what to expect. You can see a potential pitfall from a mile away.

None of the tendencies are right or wrong, but they do have implications. I’ve identified these tendencies in my new book, “Know Yourself, Know Your Money.” They are:

1. Spender or saver.

2. Nerd or free spirit.

3. Experiences or things.

4. Quality or quantity.

5. Safety or status.

6. Abundance or scarcity.

7. Spontaneous giver or planned giver.

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