How You Need To Approach Paying Off Debt Based Off Of Your Personality Type

So there it is. Your student loan and credit card statements that are sitting on the counter just waiting for you to open them up. The crisp white envelope makes it so official you just can't ignore it. You know that you need to start paying off your debt but you just don't know where to start. It just makes you want to cry! Paying off debt can be incredibly overwhelming and even downright scary. Sometimes, it can make you even just want to ignore it and just let it pile up! However, you and I both know that is no way to approach debt pay off. It all starts with understanding your personality to pay off this debt.

How is knowing my personality going to help me pay off this debt? 

People immediately think to make more and spend less in order to get the money together in order to pay off the debt. Which is definitely true, however, everyone is created differently. Given this fact, there are very different strengths and weaknesses and often times that's what get's people into debt in the first place.

For example, let's say you're an ENFP and you were an accounting major in college. It seemed like a good idea at the time, it's a respectable career path and hey it made your parents happy (after all you just want everyone to be happy!). That didn't go over very well and had to switch majors and quick! Thus causing you spend more time in school and of course more debt.

But why weren't you successful in that?

By nature, you as an ENFP, are very creative and project-oriented person. As such, you typically aren't good with maintenance oriented tasks such as accounting career path requires and had to switch your major.

 

What is My Personality?

For those of you that are new to personality analysis, there is one called Myer Briggs Type Indicator (MBTI). It is a theory from a well-renowned Psychiatrist, Carl Jung that claims there are 16 different personality types and disbursing them into 4 different categories. The categories are in the following:

  1. How you get your energy.
    1. (E) The Extrovert=get energy from being around other people.
    2. (I) The Introvert=get energy from solitude
  2. How you prefer to process information
    1. (S) Sensing=You focus on the “here and now” present sensory details
    2. (N) Intuition=You focus on the patterns of situations
  3. How you prefer to make decisions
    1. (T) Thinking=Taking a look at the potential use of things when applied to a situation
    2. (F) Feeling=Taking a look at the particular person or special circumstance of the situation
  4. How you like to handle the outside outcomes
    1. (J) Judging= You prefer to take control of the situation and plan out your outcome
    2. (P) Perceiving= You prefer to stay open to new options and information

If you don’t know what your personality type is you should take your personality test here.

 

The Defenders (Sensor-Judger)

ESFJ, ESTJ, ISTJ and ISFJ

There is one trend of this pragmatic personality group appreciate the most is seeing things get done in a practical and logical fashion. When life gets messy and irrational (and believe me it will) it's time for you to take a time out. Do something that involves sensory details and completing a simple task that you enjoy doing (i.e. completing a puzzle, taking a walk). It will revive you that you know that you are accomplishing something while getting your mind off of what was bothering you in a controlled environment.

The Adventurers (Sensor-Perceiver)

ESFP, ESTP, ISTP, ISFP

Rules and regulations are everywhere! Sometimes it's almost unbearable how much rules and regulations dictate our lives. Rules are everywhere; whether it is at work, relationships or some arbitrary regulation of where you can cross the street. Does it ever stop? When you start getting overwhelmed with these regulations, just stop to take care of you.

Given the fact that you have a natural appreciation for adventure and sensory details, do something that involves just that. Go on an unplanned long hike, call up a good friend on the fly and go to the movies, etc. You get the picture.

The Dreamers (Intuitive-Feeler)

ENFP, ENFJ, INFP, INFJ

We live in a world full of cruel people and that cuts The Dreamer to their very core. Whether it is a toxic working environment, someone trying to hurt you in some fashion or your ideal being trampled on, either way, it burns and stresses you out to the very core. At this point, it's time to take a step back and perform a little self-care. Given the fact that dreamers are natural people-centered individuals you need to do something that involves other people in a relaxed and friendly environment to get backed into your centered, friendly self. Go out to eat with a good friend, journal your thoughts and feelings and just relax for a few minutes!

The Investigators (Intuitive-Thinker)

ENTJ, INTJ, INTP, ENTP

These visionaries must have a long term goal. They must see what they are working towards in a logical fashion. You need to be around intelligent individuals that you deem worthy of your presence. Caring for you is challenging yourself intellectually and working towards accomplishing a long term goal is the utmost importance to your personality type. Dealing with lazy or incompetence will set you over the edge and put your stressors at an all-time high. This is especially true in dealing with your career. Make sure you are in a challenging work environment and you will thrive.