January 26, 2021
Created in collaboration with The Myers-Briggs Company, an authority on personality research and publisher of the MBTI® assessment, Marcus by Goldman Sachs has created a Financial Personality Quiz to help you uncover your financial personality. Knowing about your personality type could help you better utilize strengths and understand blind spots about how you approach financial management.
From everyday spending and saving to retirement planning and long-term investing, everyone manages their finances differently. Understanding your financial habits can be the first step in helping to discover strategies best suited to your financial personality.
The co-created quiz from Marcus by Goldman Sachs and The Myers-Briggs Company indicates four different financial personality types, which include: Confident Money Manager, Short-term Strategist, Value-Based Planner and Laid-Back Balancer.
Take the quiz. Explore a little more about each of these financial personalities below.
As the name suggests, you are assured in your financial capabilities. You can make resolute decisions quickly and tend to be actively involved in managing your finances.
You are planning with the future in mind, not only creating a financial plan but keeping up with it. You favor traditional financial planning strategies, may already have your retirement savings plan in place and a pulse on investments you’re interested in pursuing.
You’re a careful planner that takes a vested interest in your finances, but you may have challenges delving into detailed planning or long-term goals. You may create budgets and plans that are broad in nature, leaving the details to be filled in later, but that doesn’t stop you from being confident in your financial abilities.
You tend to make financial decisions based on what’s important to you, viewing money as a tool to help the people and causes you care about versus accruing personal wealth.
You likely aren’t that focused on making financial plans and instead let your heart take the lead. You generally find long-term financial considerations less important than other aspects of your life and instead view your money in terms of the application – how it can be used and who it can be used for.
Once you know your financial personality, explore resources and tools, like Marcus Insights which can provide you with personalized insights about your financial habits to help you make empowered decisions when it comes to your spending, saving and investing.
And if you’re interested in learning more about personality type (including the original 16 Myers-Briggs personality types), you can take the MBTI assessment! The MBTI is designed to assess your personality based on preferences toward Extraversion or Introversion; Sensing or Intuition; Thinking or Feeling; and Judging or Perceiving. Note, payment is required to take the MBTI and receive your results.
This article is for informational purposes only and is not a substitute for individualized professional advice. Individuals should consult their own tax advisor for matters specific to their own taxes and nothing communicated to you herein should be considered tax advice. This article was prepared by and approved by Marcus by Goldman Sachs, but does not reflect the institutional opinions of Goldman Sachs Bank USA, Goldman Sachs Group, Inc. or any of their affiliates, subsidiaries or division. Goldman Sachs Bank USA does not provide any financial, economic, legal, accounting, tax or other recommendation in this article. Information and opinions expressed in this article are as of the date of this material only and subject to change without notice. Information contained in this article does not constitute the provision of investment advice by Goldman Sachs Bank USA or any its affiliates. Neither Goldman Sachs Bank USA nor any of its affiliates makes any representations or warranties, express or implied, as to the accuracy or completeness of the statements or any information contained in this document and any liability therefore is expressly disclaimed.
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