BiggerPockets Money Podcast

506: How to Use Your Money "Archetype" to Address Your Biggest Financial Burdens

Feb 27, 2024

Explore the MoneyType personality quiz to uncover financial strengths and burdens. Learn about the five financial archetypes and their pitfalls. Mindy and Scott share their results, revealing insights into financial success. Discover how understanding money archetypes can enhance financial literacy and conversations around personal finances.

42:04

Episode guests

Jean Chatzky

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Identifying your money archetype helps uncover innate financial behaviors, fears, and pleasures for informed decision-making.

Using money archetypes fosters better financial communication, enabling support for each other's money-related needs effectively.

Deep dives

Overview of Money Archetypes Quiz

The podcast episode delves into the concept of money archetypes, likening them to the five love languages. Developed by Jean Chatsky, the five archetypes aim to facilitate meaningful money conversations with oneself and others. The archetypes include the nurturer, producer, visionary, connoisseur, and independent, each reflecting distinct money behaviors and attitudes.

Introduction

3min

Understanding Money Archetypes and Real Estate Investment Opportunities

8min

Exploring Money Archetypes and Financial Independence

14min

Financial Services and Money Types

6min

Understanding Money Archetypes

7min

Understanding Money Archetypes

7min

After tremendous research, the “MoneyType” quiz was finally released. All you need to do is answer some basic questions, and in a matter of minutes, you’ll know your biggest financial strengths and burdens, the money traps you could fall into, and how to use your own money “gift” to make your life, and your loved ones’ lives, even better. But before you write off the MoneyType quiz as just another personality test, we can tell you from personal experience it’s shockingly accurate.

And there’s no one better to talk about the MoneyType process than the co-founder of HerMoney and co-creator of the MoneyType personality quiz, Jean Chatzky. Jean’s team tested the MoneyType process on hundreds of people, uncovering the core personality traits that could make you a producer, visionary, nurturer, independent, or connoisseur, and what to do once you know what MoneyType you are.

In today’s show, Mindy and Scott share their results from the quiz as Jean walks through each of these financial archetypes in detail. You’ll learn what strengths each archetype has, the financial pitfalls they easily fall into, the gifts they can use to empower themselves and others, and the financial pleasures each type lives for. Plus, you can take the MoneyType quiz completely for free here!

In This Episode We Cover

The five financial archetypes and the pros, cons, and pitfalls of each of them

Mindy and Scott’s most prominent MoneyType (and how it led them to financial success)

The “sabotage” points of each personality that could lead to HUGE financial problems

Using your MoneyType to set up financial “guardrails” in your life and protect against your personality’s downsides

Using your MoneyType to understand your partner, family members, and friends more

Mindy’s two-percent MoneyType match that proves why it’s SO hard for her to spend money

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums

Finance Review Guest Onboarding