The Pleaser
If your Myers-Briggs Type is an ENFJ, ENFP, INFJ, or INFP, then you are a Pleaser.
Do you take things personally? Do you give to others before yourself? Do you tend to make impulse purchases?
Pleasers are idealists, warm, and empathetic.
They are not typically motivated by money.
Often, they make decisions based on principles. They care a lot about the greater good, wanting to ensure that everyone gets along.
We know that Pleasers:
(1) View lending money to or borrowing money from friends and family members as a very personal matter.
(2) Often see money as an extension of who they are; an expression of their identity.
(3) Earn average income or lower.
(4) Spending habits revolve more around emotions, relationships, compassion, and ideas, rather than strict pragmatism.
(5) Tend to be less strict and rigid with their spending.
(6) Tend to give money away freely and may get taken advantage of.
(7) Tend to overspend in moments of high emotion.
(8) Should steer clear of toxic friends who can manipulate them.
(9) Sees money as important when using it to improve the lives of others.
Unfortunately, Pleasers:
(1) Might fall prey to living above their means because they care about what others think.
(2) Are at a greater risk for emotional spending or overspending “because I’m worth it.”
(3) Can be subject to financial abuse at the hands of individuals who may take advantage of their desire to put others’ needs above their own.
(4) Can be susceptible to being suckered into money-making schemes because they can be too trustworthy and idealistic.
(5) Don’t like budgets as it constrains them.
To make the most out of your Pleaser’s money personality type:
(1) Pause before making any major money move or decisions. Do allow time to cool off, giving the rational brain a chance to kick into action.
(2) Tap into your people skills to guide you toward a solid financial footing.
(3) Talk to trusted friends or a financial advisor about your situation so that they can help you achieve a balanced viewpoint.
(4) Control your spending by keeping what matters most at the top of your mind. For example, set a picture of your dream home as your phone’s background to remind you of your goal to buy a house. This emotional tactic is a good source of motivation. It can help you overcome temptations to overspend.
The player
If your Myers-Briggs Type is an ESTP, ESFP, ISTP, or ISFP, then you are a Player.
Do you live in the moment? Do you embrace risk? Do you use your money to live life to the fullest?
Players love having the freedom to react to the moment. They are very resourceful. They can think quickly on their feet whenever there’s a problem that needs urgent attention.
When it comes to spending money, they live for the experiences. They love being spontaneous.
Because they are unlikely to think long-term, they are often the ones at the highest financial risk.
However, they tend to be entrepreneurs because they take bigger risks with their money than other groups.
We know that Players:
(1) Optimistic, resourceful, and have a can-do attitude.
(2) Overly impulsive and optimistic about risks.
(3) Carefree about planning.
(4) Resourceful and have a ‘can-do’ attitude – that’s just what’s needed for entrepreneurship!
(5) Open to trying new ideas and willing to adjust their current course of action.
Unfortunately, Players:
(1) Overly impulsive, optimistic, and fun-loving spenders.
(2) Take risks in both life and money.
(3) Don’t think long-term.
(4) Carefree and likely to be the ones at the highest financial risk.
(5) Prone to spur-of-the-moment decisions like treating friends to a round of drinks or booking a last-minute trip.
(6) Cannot control their day-to-day spending or commit to a rigid budget because they always like to keep their options open.
(7) Have trouble following through.
To make the most out of your Player’s money personality type:
(1) Slow down and focus on saving money.
(2) Have guidelines in place so that “fun” expenses have a clear place in your spending plan. Perhaps use the 50-30-20 rule that will tell you how much you can spend (you can always rearrange these percentages to make it work for you). Be consistent and stay within the pre-allocated percentages. Here’s the breakdown:
(a) 50% of your income should go to essential needs like rent, utilities, transportation, and food.
(b) 20% of your income should go to your financial goals like saving, investing, or debt repayment.
(c) 30% of your income should go toward discretionary or flexible spending.
(3) Establish external constraints to help you stick to your spending plan and goals.