We’re gonna take a break from the weekly roundups today and do something else fun instead. A FINANCIAL PERSONALITY QUIZ – woo! (You know you nerds love ’em ;))
This one’s brought to us by the guys over at Payoff.com, and it’ll literally take you about 30-40 seconds to run through (though you do have to give your email at the end to get your results, which kinda blows, but you can always opt out of it later like I’m gonna do…)
Here’s the quiz if you wanna play along: payoff.com/quiz
And as always, I’ll never ask you to do anything I wouldn’t do first! Except for maybe streaking the halls of your office naked while singing Jingle Bells, but that’s for another day and another website ;)
Here’s what the quiz told me I was:
I would say this is about 90% spot on – particularly with the “storytelling” title ;) (They got the career part right – hah!) I do not, however, enjoy showing off my (lack of) dance skills without a beer or 10 down the tubes, and I also find myself being incredibly shy in situations not to my liking.
But for the most part it’s dead on with the craving of excitement and adventures, as well as the love for being around people all the time. And unfortunately the commitment problems are also very much a part of the deal :( In fact, I was just telling a friend that my wife and my blog are the longest running things in my life being 9 years and 7 years respectively! Blowing the previous records of 4 years (ex-gfs) and 3 years (ex-jobs) clear out of the water :) So I am a nice work in progress…
Now when it comes to how this affects me financially, well, the results goes as follows:
The Financial Habits of The Storyteller:
- Tends to make impulsive purchases here or there — Who me? I never bought a $360,000 house on a whim or a $40 Swarovski crystal encrusted bottle of water before ;)
- Reaches out to others for help or support for financial issues — I wish I did this more, but sadly I do not. Unless you count the written word that Google sends you to?
- Analyzes their own finances and willing to help others with theirs — That better be me or else this blog for the past 7 years have been a sham! :)
- Goes with first idea that pops into their head to solve a financial issue — Haha… I used to do this yeah, but now I try to at least sleep on it for a night or two before making any major decisions. Then if I still think it’s a good plan I’ll run with it. (Though for smaller decisions I will pull the trigger faster just ‘cuz there’s a billion and one other decisions we have to make in our lives and I try to focus my energies on those and not let the little things trip me up. It’s the worst not being able to make a decision!!)
- Tends to overspend on social activities — Nah, not really… Back in the day, perhaps, but once you figure out this $$$ thing it tends to seep into all areas of your life thankfully. And I’ve since weeded out my friends who don’t have a problem with me doing my own thing. The rest are toxic.
- Takes risks with their money with the hope of big rewards — Risks, yes, but only *calculated* ones. I never bet it all on black or send my dollars over to my Nigerian friends with promises of jackpots in return. But I will dump it all into the stock market (or even just one fund!) and hope the world doesn’t explode ;) I also don’t mind fronting a thousand or two for a new business idea or project if I think there could be something big or fun there. So risk’ish, sure, but no more Hail Marys for me. It’s all about taking smart chances and learning from them!
So pretty much the Storytellers suck with their money. And the me 8+ years ago definitely fell more into this category than I do now for sure. But that’s the beauty of figuring out this stuff – once you do it stays with you forever! And it’s good to know your potential problem areas too – which is the point of doing silly little quizzes like these.
Here’s the link again if you want to play along: payoff.com/quiz
Let me know what it pumps out for you! And if yours is aligned well too, or if it just spits out a bunch of gobbely-gook. It’s a fun way to goof off for a few minutes this morning, but more importantly it might shed some light into the way you’re built and handle your money. There’s nothing wrong with going with your emotions, but better that you’re HARNESSING them than the other way around! Emotions and money don’t usually mix well.
UPDATE: The Payoff team just shot me a note tracking the %’s of where y’all are falling in these personality groups. Kinda neat to see and learn about everyone!
UPDATE: #2: The (famous) scientist who made this quiz spent some time analyzing our results here, and then wrote up a two-page summary of it all for us. You can find it here if interested – kinda neat! :)
FUN FACT: This quiz was designed by eHarmony’s original Chief Science Officer and lead inventor of their “Love” patent, Dr. J. Galen Buckwalter. Who’s apparently responsible for 4% of marriages in the United States – hah!
PS: More quizzes to entertain you… Just watch out for your boss! ;)
- How Broke Are You? @ Buzzfeed
- Financial Truth or Bunk? Round I @ Kiplinger
- Financial Truth or Bunk? Round II @ Kiplinger
- Can You Manage Your Money? @ The Christian Science Monitor
- How Financially Compatible Are You and Your Sig. Other? @ Fidelity
[Killer pic by Darcy Adelaide as part of her “Speaking in Spokes” collection, pretty cool!]
Killer resources and apps:
- Best Budget Templates & Spreadsheets (FREE)— The best free budget templates from around the community! Including the ones I use :)
- Personal Capital* (FREE) — A great app to track your investments and net worth. You can see an in-depth review we did here from a millionaire who checks it daily 😂
- You Need a Budget (YNAB)* (FREE TRIAL, then $14.99/mo or $98.99/year) — One of the BEST budgeting methods in the space, with new users saving $600 on avg their first two months, and more than $6,000 over their first year! Check out my friend Vic’s review of YNAB here that went on to completely change his finances 💪
- Digit (FREE 6 mo. Trial, then $5/mo) — This is one of my favorite apps for automatically saving money, and I even came on board as an advisor I believed in them so much! You can see my full review on Digit here.
- Acorns* ($3-$5/mo) – Similar to Digit, this app helps you automatically INVEST money by rounding up all your transactions to the nearest dollar and then investing it right away for you. My full review of Acorns can be found here.
- Honey (FREE) — By far my favorite coupon service out there! Click the Honey button any time you're about to buy something online, and BOOM - any discounts it finds will be automatically applied at checkout. You can see my write up on them here.
- Credit Karma* (FREE) — An easy way to check and monitor your credit score AND report! See my full review of these guys here.
- My Favorite Blogs + Books < -- Click here to see all my other recommendations!