Kenwood Press

Serving the communities of Kenwood, Glen Ellen and Oakmont

email print

Does money slip through your fingers?

Gamblers by nature, the “Fool” money type lives life as a great adventure. Earning money is more about recreation than a serious career factor. When money slips through their fingers, as it often does, they say “there’s more where that came from,” and they move on to the next chance. They look at life as one big opportunity after another. In and of itself, not a bad thing, but the Fool replaces practical reasoning with a happy-go-lucky attitude leading to denial of the “real” truth of the matter: being broke all the time. The problem isn’t the attitude. It’s the lack of discipline in closer examination of details that the Fool doesn’t want to do. It isn’t fun and it requires patience – of which they have very little. There’s a tendency to be restless and to live in the moment (as opposed to being present in the moment), oblivious to what the future holds. Tomorrow’s outlook requires thoughtful planning and organization, and bogs down the Fool.

I love the Fools’ energy. Their generous spirit and never-ending courage to try new things is appealing. They would give the shirt off their backs only to realize later that it was their last one, or not theirs to give! Their overly generous nature is what gets them into trouble in the first place. At the end of the month – and it never fails – they say, “Where did all my money go?” They haven’t a clue.

My dear friend Peter has seven siblings. Peter was the eighth. Their father was an alcoholic and their mother divorced him and went to work to provide for her family. She commuted to work out of town, and could only come home on weekends. The oldest siblings, now the role models, raised the younger ones while mom worked. By the time Peter was 14, he was earning his own money, and had fun doing it. What Peter didn’t learn was how to manage money. Essentially, it was kids raising kids. He knew how to earn it, spend it, and give it away, but he didn’t know how to manage or save it. As he became an adult, Peter was overly generous to friends, spending as fast as he earned it. He was always quick to pick up the tab when out with his friends. The temporary instant gratification he felt left him in debt and lonely. He didn’t have a clue where all his money went every month, or why making minimum payments didn’t make a dent in his high interest credit card balance. This is a classic combination of the Innocent/Fool money types working together as they often do. No money management skills, plus the need for instant gratification to replace the lack of relationship with his mother resulted in money trouble. Unconsciously, he didn’t feel he could have money (growing up in scarcity) and a relationship at the same time.

Let’s look at how to course correct the Fool. First, slow down decision-making. This archetype is quick to respond, jumping into purchases impulsively without thinking them through. Stop and ask, “Is this something I need or just want?” If it’s a “need,” is it the best price? If it’s a “want,” how satisfying will it be long after the purchase? Developing patience and discipline to look closely at details will save time and money in the long run, focusing attention on the truth of what’s happening. And perhaps at the end of the month, there will be a little extra money…to save!

In future articles I’ll continue to explain the eight Money Types and their key healings. Remember: these Money Types aren’t meant to label you. They are not your personality or “who you are.” They simply indicate your behavior around money, and they can change through awareness and action.

To learn more about your relationship with money, visit and take the complimentary “Money Type Quiz.” Only you will see the results. Or contact me at

Donna Colfer has worked in financial management since 1987. As a Financial Counselor and a Certified Money Coach, she blends her financial expertise with spiritual counseling in her private practice in Sonoma. A Valley resident since 1981, Donna and her husband, Randy, reside in Kenwood.

© 2020 Donna Colfer


Community Calendar

Night Sky Trails
Creekside Nature Hike
Sonoma Valley Mentoring Alliance Fundraiser
Forest Therapy
Economic Recovery town hall meeting