Discover Your Money Temperament and Unleash Your Money SuperPowers Series


This summer DreamSmart Academy founder Jeff Morris and I have had the privilege to work with an incredible organization called Wall Street Bound. Their mission is:

Create pathways of success for urban youth through careers in finance. By teaching the technical “hard” skills of finance and the “soft” skills of corporate culture, we empower under-represented young adults to achieve beyond their present horizons.

We were privileged to have had the opportunity to mentor students in discovering their unique Money Temperament and helping them unleash their Money SuperPowers.


Wall Street Bound participants represent many of the finest schools in the world. Most students are pursuing traditional majors associated with a Wall Street career – economics, finance, systems analysis, and so forth. Yet, few, if any, had an awareness or understanding of Behavioral Financial Wellness, Money Temperament, or the role of behavior in making spending decisions. 

If you’ve been reading my posts, you know behavior matters a lot when spending money. Consider this, if the future leaders of the financial industry don’t know this, where does this leave you?

Don’t worry. You don’t need a Ph.D. in economics to understand money. However, you do need to know that what you most likely know about money, regardless of where you learned it, does NOT consider behavior. I bet you were taught:

  • You are rational when you choose and spend.
  • You are excellent and efficient at acquiring and processing information.
  • You always make smart decisions and without regret.
  • You are good at determining the future consequences of your decisions.
  • You always have enough information for you to make the right decisions.
  • You always try to gain maximum wealth and income.
  • You don’t care and are not influenced by what others are doing around you.
  • You have very narrow self-interest and will do what is best for you.
  • You are pretty much like everyone else, and there is a tiny difference in how everyone collects information and makes decisions.
  • You live, work, interact, and spend in efficient markets.

This is not how I behave. Do you? What was the last thing you bought? Large or small purchases, it doesn’t matter. How rational were you? Did you have a plan and stick to it? Or is this more like you? For example, you need a loaf of bread and a gallon of milk. So, you drop by a supermarket to pick some up. You run in and out of habit, grab a cart. Before you know it, you’ve filled your cart. And when you get home, you realize you’ve spent a lot of money on things you didn’t need – and forgotten the milk and bread.

We’ve all done this. That’s why this series is so important.


Read Discover Your Money Temperament, A Common-Sense Guide to Financial Security. Accept that you are human and that you will always behave human with your money. 

  • Bookmark this blog.
  • Follow along.
  • Participate.
  • Discover your natural Money Temperament, manage your behavior – not your money. 
  • Here’s a sneak peek of what I’ll cover in this series. My Wall Street Bound Presentation


Discovering your Money Temperament will unleash your Money SuperPowers and make you a better spender. And you will reap the emotional and economic benefits of Behavioral Financial Wellness. 


Understanding your relationship with money and creating a one-size-fits-YOU money mindset is easy to do. The sooner you start, the better the outcome. 

Action: Discover Your Money Temperament and Unleash Your Money SuperPowers

Think about, or better, write down your answers to the questions below.

  1. Where did you learn about money?
  2. Are you always a rational spender?
  3. Does your spending behavior mirror any of the traditional economics concepts listed above?

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