Episode 90: The Five Languages

Have you heard of the love languages? Well, on this episode of The Ty Brady Way Podcast, Ty takes us through the five money languages. Ty shares the importance of understanding the meaning of these five money languages. Ty also explains how understanding them can help improve not only our businesses, but our relationships and communication with our business partners and agents. The five money languages consist of the following:

Ty describes The Saver as someone who believes they can save their way to profitability. They’re the type of people who you ask to lunch and they decline the offer or bring their own lunch from home. These people want to work and save as much as possible so that they can enjoy their lives in retirement. Ty states that The Spender is someone who can spend their money as quick as they get it. They find spending is a way to validate their success and they tend to not think about their bills or future down the road.

Ty explains the risk taker as being entrepreneurs. They are always going for broke and are big dream chasers. They’re willing to mortgage out everything they own trying to reach more success. Ty describes the security seeker as being someone like himself – there’s never enough money in the bank! The final love language, The Flyer, can be identified as the person who lives pay check to pay check, they enjoy keeping up with the jones’. They don’t have savings and they’re always chasing money.

Ty speaks about how our money languages can change throughout different periods of our lives and businesses. Ty mentions that there is not greater investment than investing in yourself and it doesn’t matter what money language you have once you know how to use it!

Ty encourages you to take some time to read articles and books about the five money languages so that you can gain a deeper understanding of them and help identify what money language you, your partner and the five people you work closest with have.

As always we would like to hear from you!

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