Ever wonder why some people seem to have it all figured out when it comes to money, while others feel like they’re always playing catch-up? It all boils down to understanding your financial personality. Whether you're a Spender, a Saver, or a Wealth Creator, knowing where you stand can help you take control of your financial future.

In Canada, especially with today’s evolving economy, it's more important than ever to get a handle on your financial habits. Understanding your money mindset isn’t just a fun personality quiz—it's the first step toward building the life you want. At Hexavision, we believe financial freedom is achievable for everyone, and it starts with knowing what drives your financial decisions.

Are you ready to find out where you fit? Take our 4 questions quiz below to discover your financial personality and learn how you can make the most of your financial habits to thrive in today’s financial landscape!

Self-Assessment Quiz: What’s Your Financial Personality?

Understanding the Three Financial Types in Canada

Financial Personality 1 - Spender

If you often find yourself living paycheck to paycheck or struggling with impulse buying, you may identify as a Spender. Spenders prioritize immediate gratification, focusing on enjoying life in the moment rather than planning for the future. This lifestyle can create conflicts between current desires and future financial stability. Often, Spenders are financially naïve, with low interest in planning and an inclination to be easily misled.

Common Mistakes: Spenders frequently accumulate high credit card debt and struggle to build savings because they don’t prioritize financial planning.

How We Help Spenders: Our goal is to help you identify potential savings in your current expenses, such as taxes and debt payments, without sacrificing your lifestyle. We guide Spenders in creating a zero-based budget, allowing you to see exactly how much is coming in and going out, and assign each dollar to an appropriate expense category. This crucial step reveals your current financial reality and transforms your relationship with money.

Through this exercise, Spenders can identify unnecessary or duplicate expenses and discover potential tax deductions. This budgeting process is the first step in our Hexavisionary Framework, known as Financial Flow and Tax Mastery.

We offer a free retirement planning spreadsheet, the first step to take charge of your money, the zero-based budgeting spreadsheet to plan your income and expenses , accessible via this link or click image below.

With our guidance, Spenders can start small—setting aside as little as $25 from each paycheck—and gradually move toward more robust financial planning. We are committed to helping any Canadian willing to change their financial future. Our mission is to assist every committed Canadian in achieving financial freedom three times faster than traditional methods promoted by the industry.

Learn more about our journey and mission by visiting our webpage, "The Story so far: Becoming a Changemaker."

Financial Personality 2 - Saver

Savers are cautious, conscientious individuals who focus on living within their means. If you consistently set aside money for emergencies but hesitate to invest, you might be a Saver. While this approach offers security, it can lead to missed opportunities for wealth creation. Savers often lack confidence in financial products that carry significant risks, which can be seen as financial immaturity.

Common Mistakes: Savers often keep their money in low-interest savings accounts or GICs, avoiding investments due to fear or misunderstanding. They may miss out on tax-sheltered vehicles like RRSPs and TFSAs, as well as the benefits of compound interest.

How We Help Savers: We educate Savers on the importance of investing and guide them through strategies to make their money work for them. By incorporating investments into their financial plans, Savers can generate long-term wealth without sacrificing their safety nets.

Our resources include a comprehensive Body of Knowledge, tools, calculators, and educational materials that empower Savers to make informed financial decisions. Our mission is to help every committed Canadian achieve financial freedom three times faster than conventional methods.

Our battle tested Hexavisionary Framework (read our knowledge article to understand more about the framework) helps savers turn into wealth creators.

Financial Personality 3 - Curious Investor

Curious Investors are individuals who explore financial products but do not depend on them for stability. They enjoy learning about investment opportunities without the pressure of necessity. While they actively engage with various financial services, their needs are less urgent, allowing them to enjoy the process.

Curious Investors may either follow conventional advice to buy and hold or engage in frequent trading to outperform the market. Financial institutions often cater to this group with cookie-cutter products and self-managed trading opportunities, which can foster a false sense of security.

Common Mistakes: Curious Investors often treat their investment activities as a hobby, leading to a lack of strategic planning and risk assessment. This can result in overconfidence in their ability to time the market or chase trends without a solid foundation.

How We Help Curious Investors: We transform their passion for finance into strategic wealth-building by providing tailored insights, educational resources, and one-on-one mentoring. Our goal is to guide them in developing a comprehensive investment strategy that balances enthusiasm with sound financial principles.

By integrating informed investment practices into their plans, Curious Investors can seize market opportunities while mitigating risks. We offer advanced analytical tools and practical calculators to empower them to make informed decisions. Our mission is to equip every committed Canadian with the skills and strategies needed to achieve financial freedom three times faster than traditional methods.

Our proven Hexavisionary Framework helps Curious Investors elevate their approach, turning their curiosity into sustainable wealth creation.

Financial Personality 4 - Wealth Creator

Wealth Creators are focused on generating multiple streams of income and leveraging their financial knowledge to build long-term prosperity. They are typically confident in taking calculated risks and understand the importance of compounding and diversification. They have figured out where to put their money. They are able to invest their money and see the investments go up and down with the market conditions. The either follow conventional advice is to buy and hold, or they do frequent trading to outperform the market.

Wealth Creator investing in complex products like highly risky equity schemes of mutual funds is considered to be financially mature. The ability to collect, process, and make sense of the information available in the choice environment is high and this group of Canadian investors are looking for better management and control over their investments and knowledge on how to sail through the economic storms in future. They have very high level of interest, involvement & attitude to planning for the future.

Common Mistakes: Tax inefficacy is the major issue I have seen with this group of Canadians. Overconfidence in growth oriented investments can sometimes lead to riskier ventures, or spreading investments too thin. When asked what is your strategy if the 2000 and 2008 market crashed happened during their decumulation years, they are unable to answer. Mainly they have assigned only one task to all their investments.

Wealth Creators may also neglect risk management to safeguard what they have accumulated so for. They see growth as the only goal to financial freedom. They lack what results to look for and Where to look for results.

How we Help Wealth Creators: We ensure Wealth Creators to become financially sophisticated, stay on track by offering comprehensive financial planning that includes risk management, portfolio diversification, and strategies to maintain steady growth. We help then diversify their hard earned money and investments to get four essential outcome that is required to obtain true financial freedom, in short a tax efficient income for a long as you life without worrying about the market fluctuations or economic conditions.

We help wealth creators allocate (divide) their money into achieve four outcomes:

• Growth Bucket for the massive growth of investments,

• Security Bucket for capturing the growth achieved by the growth bucket so that you do not lose during the market down turn,

• Opportunity/ Emergency Bucket for the time when the cash is the king

• Longevity/ Wealth Creation Bucket to ensure that our blessed long life does not turn into a curse as we can be young without money and we definitely can not be old without money.

Case Study: From Spender to Saver to Wealth Creator

Take Laura and Alex, two bright young professionals with a high salary income living in British Columbia. Like many Canadians, they were living a Great Canadian Life together after immigration few years age, but struggling to save for their future and growing family. They did not lack money, they lack guidance and a accountability partner to take things forward.

We worked closely with them to help them with their needs. Along with the couple together we create a customized savings plan, helping them set short-term goals that made saving less overwhelming. They were renting at the time we first met, and their first goal was to buy their first home in Canada. We consolidated all the scattered money in various non performing savings and investments laying in various accounts and countries they have worked earlier. That alone was enough for them to get started with the financial freedom journey with us.

Soon, Laura and Alex moved from being Spenders to Savers, setting aside money for an emergency fund and using tax-efficient accounts like their RRSP and TFSA. Over time, they became Wealth Creators, building a diversified investment portfolio that allowed them to start generating passive income. Today, they’re on track to achieve total financial freedom and plan to retire early.

Interested in learning how you can make similar progress? Download our free guide and see how you can start your journey from Spender to Wealth Creator today!

Key Metrics: Comparing Spenders, Savers, and Wealth Creators

Let's break it down in numbers. Here’s a side-by-side comparison of the average financial habits for each type:

Financial Type Avg. Monthly Savings Rate Avg. Debt-to-Income Ratio Investment Growth

Let's break it down in numbers. Here’s a side-by-side comparison of the average financial habits for each Financial type:

Spender

Avg. Monthly Savings Rate - up to 5% of Gross Income,

Bad Debt-to-Income Ratio - Typically above 50% or more,

Investment Growth-Low Growth or No investments at all

Saver/ Curious Investor

Avg. Monthly Savings Rate - up to 5% to 15% of Gross Income

Bad Debt-to-Income Ratio - Up to 30% paying high Car Loan Interest

Investment Growth- Low Growth in Saving accounts and GICs, Low Tax efficient

Wealth Creator

Avg. Monthly Savings Rate - up to 15% to 25% of Gross Income

Debt-to-Income Ratio -

No Bad Debt,

Leverage Good Debt for investments for better Tax efficiency and Compounding growth

Investment Growth- High Investment Growth and Tax efficient outcome

Spenders often struggle with debt and live for today, while Savers and Curious Investors have a cautious approach that allows them to slowly accumulate wealth. Wealth Creators, on the other hand, focus on maximizing their financial potential through diversified investments and strategic planning.

Where do you see yourself fitting in? If you want to improve your numbers, Hexavision can help guide you every step of the way!

The Modern Financial Landscape in Canada

Canada’s financial landscape has shifted dramatically in recent years. Defined benefit pensions, which guaranteed income in retirement, are becoming rarer. Most Canadians now rely on defined contribution plans, like RRSPs and TFSAs, to save for retirement. This means the responsibility for retirement planning has shifted from employers to individuals.

Whether you're just starting to think about your financial future or you’re well on your way to wealth creation, understanding your financial personality can help you navigate these changes with confidence.

Call-to-Action: Your Free Financial Assessment

Ready to take control of your financial future? Start by understanding your financial personality and how it influences your money habits. Sign up for a free financial assessment today, and receive personalized recommendations to help you achieve total financial freedom.

At Hexavision, we’re here to guide you on your journey—whether you’re a Spender, a Saver, or a Wealth Creator. Download our free cash flow analysis tool and get started on the path to financial empowerment.

Conclusion

Understanding your financial personality is the first step to achieving the life you’ve always dreamed of. Whether you’re a Spender, Saver, Investor or Wealth Creator, Hexavision is here to help you transform your financial habits into actionable steps toward total financial freedom.

Don’t wait—take the quiz, download our free tools, and let’s get started on building a future of financial empowerment together!