Personality Type and Finances: Does it Matter?
The other day I was reading some back posts on one of my new favorite blogs to get some background information, Budget Bloggess. (Note: I almost always read my favorite blogs from beginning to current so I know the whole story. I guess I’m a nerd like that…) 🙂
Anyhow, I came across a post about how her Myers-Briggs personality type affects her finances and her career choice. It was particularly interesting to me because I happened upon it just a day after I had taken the Myers-Briggs test myself for a training program I’m going through at my full-time job. (If you haven’t taken the test, you should be able to take it for free. A simple Google search gave me umpteen websites that offered the test for free.)
I spent about 15-20 minutes taking the test and I was emailed my results the next day, along with a 5 page analysis explaining all the personality types, my personality type, and how I interact with everyone and everything around me. The information was very interesting and I thought I’d share a little bit with you here today as I think personality can have an effect on your finances, and we already know that it can affect your career performance too.
The Myers-Briggs test has 16 different results based on four different dichotomies (aka traits or characteristics). The four are:
- Where You Focus Your Attention: Extraversion (E) or Introversion (I)
- The Way You Take in Information: Sensing (S) or Intuition (N)
- The Way You Make Decisions: Thinking (T) or Feeling (F)
- How You Deal With the Outer World: Judging (J) or Perceiving (P)
My information packet said that everyone uses all 8 options to some degree, but we all find preference to one or the other in each pairing. This is kind of like being left- or right-handed. You use both hands, but you prefer one over the other the majority of the time.
Anyhow, my results showed that I am an (E)xtraverted (S)ensing (T)hinking (J)udging.
- Practical, realistic, matter-of-fact
- Decisive, quick to implement decisions
- Organizer of projects and people to get things done
- Focused on getting results in an efficient way
- Takes care of routine details
- Has a clear set of logical standards which are systematically followed. Wants others to do so also
- Forceful in implementing their plans (Is this a strength or a weakness? I’m not sure. Maybe it’s both?)
- Little patience for confusion, inefficiency, and halfway measures
- Maybe seem overpowering to others
- Difficult to relax because of an focus on dignity
- Difficulty expressing emotion
I thought it would be interesting to see who else in the world is an ESTJ. Here are some famous people who share my personality type:
- Hillary Clinton
- Martha Stewart
- Michelle Obama
- Saddam Hussein (yikes!)
- Dr. Phil
- George W. Bush
- Military Leaders – this one cracked me up!
- Business Administrators or Managers
- Financial Officer
- Sales Representative
Most of these career suggestions seem to be right on track with what the suggested strengths are for an ESTJ, but that doesn’t mean I plan to become a military leader anytime soon. 🙂
ESTJ and Money
According to this article by Miranda Marquit, my personality type falls in to the “protector” category. This means that I should be financially conservative. I have to agree that I’m pretty conservative when it comes to investing my money. I hate it when I review my retirement account and I see that one of my funds lost money. But it’s also suggested that my personality type “might have trouble letting go a little bit when it comes to “fun” spending” and that’s clearly not me. 🙂
Although personality doesn’t have everything to do with the financial decisions you make in your life, I did find it interesting to think about and compare the test results to what I know to be true about myself. A lot of it was dead-on and the rest wasn’t too far off.
Have you taken the Myers-Briggs test? What were your results? Were they pretty accurate?
Latest posts by Kayla (see all)
- Money Fail: I Forgot to Cancel an Automatic Subscription - January 16, 2017
- Go from Solopreneur to Small Biz By Hiring Your First Team Member - January 9, 2017
- December 2016 Budget and Debt Results + 2016 Recap - January 2, 2017