I just took a quiz to see what kind of spender I am and I must confess that most of my answers were influenced by the crypto and stocks worlds in which I engage daily and invest in different cryptocurrencies or stocks. While I have a stable job, harvesting the potential of crypto especially gives me hopes into financial freedom sooner than needing to work until pension or something around it. So let's see how high is my spending appetite and what are the financial habits that I have.
The Entrepreneur
The results of the test regarding my spending habits landed me with The Entrepreneur title. I couldn't have said it better and I must say that I am seeing myself in every word from the test result.
You make most financial decisions guided by the motto "who does not risk does not win". You juggle high risks to get tailored results and you are the typology most inclined to turn low initial incomes into considerable budgets. However, money is not an end in itself for you, but just a universal key that opens many doors in your life. That's why you don't spend much on things that give you superficial satisfaction, but invest in education, values or business. You like to surround yourself with people who think like you, with whom you can build or consult.
Besides the nice things about an entrepreneur and the world in which he is spending the time, there is some advice in regards to the spending habits that any entrepreneur should be aware of and consider.
Be careful not to become immune to risks and keep an eye on debts that can become a snowball. The challenge for Entrepreneurs is to combine ambition with careful planning. Don't risk everything, always put money aside in safe goods for cases where the currency does not fall as you bet.
Thinking of this made me realize that I need to increase my stablecoins percentage in the portfolio in order to navigate easier when the bears will get into the markets. This will help both my cryptocurrencies and stocks investments as they will ensure a consistent income rather than having to move or sell any assets in harsh market conditions and for less value than these are worth. This is the type os spender that I am, I wonder if you are the same or more moderate.