This is Part 2 in understanding your financial behavior to help increase your personal and financial success. You may even be able to help someone else to be more successful with this information. If necessary read the previous article, “Learn What Your Financial Behavior is if You want to be More Successfull Part 1.”
In this article you are provided information about Tightwad, Miser, Frugal and Prudent behavior. Then part 3 will provide information on Impulsive and Spendthrift behavior along with a final summary.
Spectrum of Financial Behaviors
Tightwad Financial Behavior
At the far left of the spectrum is the category called Tightwads. Those in this extreme can exhibit a pathological behavior of hoarding money and other material things, even items of little or no value. Tightwads don’t spend because they find the prospect of spending emotionally painful, and therefore tend to spend less than they should. They think they
must hoard to the point of greediness. It can become an obsession. Tightwads will not give away any possessions to help someone else nor as a sign of appreciation. They short-change their spouses and their children. Never would they tip a waiter or waitress for great service.
Miser Financial Behavior
A Miser is a person who is reluctant to spend money, sometimes to the point of forgoing some basic comforts. Misers are not pathological hoarders of money and materials like Tightwads can be. Nor
About Don Redinius
Don Redinius is a globally recognized expert in business and personal performance improvement. He has spoken at more than 50 conferences and symposiums around the world, written more than 75 white papers on various personal and business improvement topics, published over 15 magazine articles, and has spoken at several universities including Harvard. Don has written two books; The New Era of Financial Success and Process Management and Improvement for Business Teams. He is also a contributing author to the book Six Sigma for Dummies.
He has over thirty eight years of business experience in a variety of key functional and leadership positions along with four years military experience in the USAF. More than twenty five years of executive management experience at the VP, Senior VP, President and CEO level. He has been responsible for domestic and offshore business operations in excess of 18,000 people around the globe including the U.S, Singapore, Malaysia, Thailand, Indonesia, China, Japan and England.
Don is characterized as an individual with a broad base of knowledge, extensive experience and an inspiring results oriented leader in addition to being an excellent teacher. He recognizes results come from engaged and knowledgeable individuals that are accountable to established expectations and goals.
Don is highly adept at strategy, planning, mentoring and execution. He is a vision oriented person capable of bringing organizations and individuals together to accomplish excellent business performance. He is financially driven, process oriented, an expert innovationist, and a certified Six Sigma Master Blackbelt from the Six Sigma Academy; resulting in a strong data analytical and creative problem solving ability.
Specialties
Leadership, author, teacher/trainer, executive coaching/mentoring, Six Sigma, lean principles, strategy, REACH Methodology, business process management (BPM), innovation, business transformation/turnarounds, problem solving and personal financial improvement.
This is Part 2 in understanding your financial behavior to help increase your personal and financial success. You may even be able to help someone else to be more successful with this information. If necessary read the previous article, “Learn What Your Financial Behavior is if You want to be More Successfull Part 1.”
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