How strong is your financial mindset?

Have you ever paused to ask yourself:

Who am I? What am I made of?

It’s human nature to seek answers to these existential questions, and psychology has developed fascinating ways to explore them.

But let’s shift that curiosity toward your financial life.

Who are you financially? How do you approach money?

Just like those personality quizzes, your financial mindset can be assessed too.

And it matters because your approach to saving, spending, and investing shapes your future.

Here’s a quick exercise to assess where you stand:

Answer these 10 questions with a Yes or No:

1. I don’t have enough money to pay my bills.

2. My expenses are always higher than my income.

3. I love shopping, and my credit card balance is always high.

4. My family members’ expenses are unusually high.

5. I give my children everything they want because I lacked those things as a child.

6. If I save some cash, it gets spent almost immediately.

7. My salary is not enough to cover my expenses, so planning savings feels impossible.

8. I can’t afford my children’s preferred higher education.

9. I’m always worried about financial emergencies.

10. I feel inadequate when my peers talk about investments or retirement planning.

How to interpret your answers:

• 8 or more Yes: You may have a habit of overspending and haven’t yet understood the importance of saving and investing. It’s time to take control and secure your family’s future.

• 5 to 7 Yes: You understand the importance of saving but struggle to stick to it. Start planning now for emergencies and set yourself up for a prosperous future.

• 3 to 5 Yes: You’re on the right track but occasionally slip into overspending. Strengthen your financial planning skills to create a happy and stable life.

• 0 to 3 Yes: Congratulations! You’ve mastered saving and balancing your income and expenses. With a bit more financial planning, you can build an even brighter future.

The key takeaway?

Your financial mindset isn’t fixed—it’s something you can strengthen. Start small, plan wisely, and stay consistent. As Sant Tukaram wisely said:

"Earn your wealth, the right way."

To your financial success,

Be Wealth Operator.