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Money & Personality The Money Behavior Assessment Dr. James M. Dodson CEO, CBH, Inc.

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Presentation on theme: "Money & Personality The Money Behavior Assessment Dr. James M. Dodson CEO, CBH, Inc."— Presentation transcript:

1 Money & Personality The Money Behavior Assessment Dr. James M. Dodson CEO, CBH, Inc.

2 Money Verified record or unit of payment for goods and services Obsidian (raw material for Stone Age tools) Cereal Grain (served as the basis for the Shekel) Salt (Roman soldiers’ payment) Gold & Silver (most common throughout history)

3 A Brief History… Anatolian obsidian as early as 12,000 B.C.obsidian Code of Eshnunna (ca. 1930 BC) and the code of Lipit- Ishtar of Isin (ca. 1870 BC). [29] Code of EshnunnaLipit- IshtarIsin [29] First manufactured coins arrived between 700 and 500 B.C.

4 Money A medium of exchange for goods and services Most often is a tangible object Object(s) of rarity in quantity or beauty The more scarce the quantity, the greater the value Beauty is more subjective in worth and is in “the eye of the beholder”

5 Money Unit of account Denomination Weight Volume Written record

6 Money Store of Value Silo Purse Mine Vault

7 Money Intrinsic to Humanity Money is man-made Affected by culture Influenced by individual reasoning Mechanics are rational, personality is variable

8 Money Monetary Systems are Rational This is an assumption Assumes individuals are rational Personality is moot Logic is revered

9 Money Individuals are “Irrational” Unique differences influence how logic is applied Personality accounts for unique differences Logic is useful, but sometimes disregarded Some value feeling more than logic

10 Personality Intervening Variables Create Money Irrationality

11 Personality Individual Trait Differences Behavioral Patterns Cognition Emotions

12 Personality Cognition Refers to any manner of thinking Information processing Reasoning and logic

13 Personality Emotion Referred to as “Affect” A subjective, conscious experience Characterized by psychophysiological expressions, biological reactions, and mental states.

14 Personality Behavioral Patterns Handedness Initiating/inhibiting movement Adaptation to environment

15 The Money Behavior Assessment Integration by Derivation

16 Deriving Money Behavior Assessing Personality Hundreds of personality tests Simplistic to complex Brief to Long

17 Deriving Money Behavior Myers Briggs Type Indicator Worldwide acceptance Easy to access Decades of research

18 Deriving Money Behavior Assessing Personality Type Assess cognitive reasoning Assess emotional processing Assess behavior

19 Deriving Money Behavior Understanding the MBTI Results Introversion vs Extraversion Intuitive vs Sensing Thinking vs Feeling Perceiving vs Judging

20 Deriving Money Behavior The Main Problem Couples have differing personality types Attraction based on complementarity Attachment breeds conflict

21 MBA Basics Understanding the Derivation

22 MBA Basics Describes Money Behavior Accounts for Age Accounts for gender Covers seven areas related to money

23 MBA Basics Provides Suggestions for Change Gives analogies Provides behavioral strategies Promotes positivity

24 MBA Basics

25 MBA Application Applying the Derivation

26 Applying the MBA Assess Attached Couples Describe personality type differences Explain complementarity of differences Identify common ground and goals

27 Applying the MBA Identify Points of Conflict Structured or open-ended Line by line or categorical Communication problems

28 Applying the MBA Formulate Behavioral Strategy Taking turns with approaches Color coding Communication cues

29 Template Provided By www.animationfactory.com 500,000 Downloadable PowerPoint Templates, Animated Clip Art, Backgrounds and Videos


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