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BiggerPockets Money Podcast

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

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.62.9K Ratings

🗓️ 27 February 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

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 Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Take the Free MoneyType Quiz Understanding How Your Personal Money Story Shapes Your Financial Future w/Jean Chatzky Click here to check the full show notes: https://www.biggerpockets.com/blog/money-506 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello, hello, hello, and welcome to the BiggerPockets Money Podcast, my dear

0:04.1

listeners. On today's episode, we talk about the Five Money

0:07.6

Artypes. These Artypes are similar to the Five Love

0:11.0

Languages and can be just as powerful a tool in starting great money conversations

0:16.3

with yourself, your spouse, your friends, and your family.

0:19.6

Yeah, these five archetypes are the result of a quiz put together by Jean Chatsky, who has extensive

0:25.1

experience in financial journalism, and who is the founder of Her Money.com.

0:29.5

She's also a repeat guest here on BiggerPockets Money.

0:32.0

She partnered with a PhD in sociology to put

0:34.2

this quiz together. The output of this test really spoke to Mindy and it nailed who I am.

0:38.0

Mindy says that she doesn't usually like these tests. This one was different and that's why

0:42.3

we're going to talk about it today.

0:43.4

Yeah, I really, really felt that this captured my entire money soul. My name is Mindy Jensen and with me as always is my producer co-host Scott French.

0:54.7

Great to be here Mindy, always like being a connoisseur of finance knowledge alongside

1:00.0

you. By the way, those are two of the archetypes.

1:01.6

All right, we're here to make financial independence less scary less just for somebody else

1:04.9

introduce you to every money story because we truly believe financial freedom is

1:08.6

attainable for everyone no matter when or where you're starting or what your

1:12.4

archetype is.

1:13.2

Gene Chatsky, welcome back to the BiggerPockets Money Podcast.

1:16.5

I am so excited to talk to you today.

1:18.6

Thank you. I'm really excited to be here. I think this is going to be fun, just saying.

...

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