Podcast - Episode 0143 - How Personality Types Relate To Money

In this episode Joel and Antonia talk about how different personality types relate to money, wealth, and finances.

In this podcast you’ll find:

• Hardwired for Wealth
• Money is a weird, abstract thing that we have built a lot of symbology around.
• Money is emotional. It is the real currency we use to get our safety and security needs met.
• One of the most useful tools to look through to gauge each types trending relationship with money is by looking at their judging cognitive functions.
• Our Judging function is how we determine how things should be.
• Extraverted Thinking (Te) – Effectiveness – All TJs use this as a strength – “What Works?”
  • They see money as a tool to accomplish tasks. A resource to manage.
  • Te doesn’t usually demonize money because they see it as a useful resource.
  • The biggest issue with Te is not making money the highest priority.
  • The best way to not only generate the resource to get the outcome you want but also no alienate others is to have regular check/balance analysis. Remember why you are earning money. It is a tool, not the main event.
• Extraverted Feeling (Fe) – Harmony – All FJs use this as a strength – “What gets everyone’s needs met?”
  • Fe sees money as a way to meet the needs of others. Most Fe users have a relatively healthy view of money.
  • The area they get into trouble is if they can meet a human need by throwing money at it, sometimes the overarching scale of “Do we have enough” is ignored in preference of getting someone’s need met.
  • Ideally, Fe should zoom out and get needs met over time by being responsible with money.
  • Stress causes them to be more indulgent.
  • Human need is seen as the highest priority. They will do anything to lift morale.
• Te/Fe couple approached by someone who needs money – Te says “I’d love to help them out, but we have to stick to the budget.” Fe says, “Of course I will solve your need! Just like I solved someone else’s need last week.”
  • Fe prioritizes whoever has the most intense need. Very generous!
  • Fe can grow in their relationship to money by saying, “No.” Te can grow by saying, “Yes.”
  • It is rare when Te/Fe demonize money.
• Extraverted Judging helps them recognize the value and need for money in the outside world.
• Introverted Feeling (Fi) – Authenticity – All FPs use this as a strength – “What makes sense to me?”
  • Money can be a very personal, subjective experience for Fi users.
  • The Polar opposite of Fi is Te.
  • Most Fi users know that money is necessary on some level, but because it causes dehumanizing situations or brings up negative behavior, Fi users often see money as harmful.
  • Fi can see the internal struggle to sell out for money and they attempt to absolve personal issues by projecting outward.
  • Don’t demonize the tool. It is simply a way to facilitate something. Try creating a healthy relationship with the concept.
  • Do we impute negative intent to someone with money? Or do we assume people without money are untrustworthy?
  • Is our bias about money coloring how we engage with other people?
  • Is our bias about money coloring our perspective so much that we cannot even have an open conversation around money?
• Introverted Thinking (Ti) – Accuracy – All TPs use this as a strength – “What makes analytical sense to me?”
  • Ti recognizes how money has its tendrils spreading out over everything. Ti users don’t seem to have as emotional a connection to money as the other types. They can go either way based on subjective experience.
  • “Why do I have to create money to be viewed as valid?”
  • One degree of separation from money. Neutral.
  • Ti’s Healthiest relationship with money is thru gamifying it. To make it interesting.
  • Polar opposite of Fe – Harmony
  • Ti recognizes that money gets people’s needs met. Money is the way we facilitate the lives of the people we love.
• Why do we care? We can’t have honest conversations until we recognize what our personal relationship with money is.
• When we are highly emotional about anything, we believe in ideals that are not realistic.
• Don’t turn money into the monster. Money isn’t the problem. It is our relationship with money that is the problem.

Exercise: Write in your Journal “I see money in my life as….”