“If you want to be broke, do broke people stuff. If you want to be rich, do rich people stuff.” – Chris Peach
Gooooooood morning my fiscally conscious friends! How’s your money saving, investing, clearing away debts this week? Anyone kill any credit cards or student loans?
We had a major weight lifted off our shoulders this week when we found out our tenants are going to renew for another year – whew! And with our additional $25 raise in rent too! (The first time we raised it in 3 years) My wallet started having convulsions when we found out they might need to deploy being in the military… And as much as I love using a property manager, they cost a pretty penny finding renters. Another reminder that home ownership is no joke! I hope you never rush into it like we did all those years ago… It’s easily the biggest mistake of our financial lives. (But since this blog came out of it, it’s hard to complain all the way :))
In other news, remember our Financial Personality Quiz we did last week? Well, the team over at Payoff tracked where y’all fell in terms of each of the personalities, and were kind enough to shoot over a snapshot of it:
Then they asked if I’d like an analysis of my readership straight from the guy who invented the quiz – Dr. J. Galen Buckwalter – who turns out to be the same scientist behind eHarmony’s “love” patent – hah! And who’s also apparently responsible for 4% of marriages in the US :)
I said hell yeah, and here’s a portion of what he wrote back:
Your readership shows a lot of similarities with what we see in the general population. Foremost is the fact that the two types seen most frequently are Storytellers and Guardians. Storytellers are your classic leaders: adventurous, social and outgoing. Guardians are much more cautious and traditional, yet they are every bit as comfortable taking a leadership role. Other groups that are present in your readership at the frequencies we see in the general population are Adventurers (thought leaders, creatives, novelty-seekers), Ambassadors (nurturers, hosts, people-pleasers), Rocks (stoics, emotionally controlled, hard to rattle) and Sparks (emotionally expressive, dramatic, anxious).
Now for some interesting areas where your readership differs from the general population…
There are many fewer Architects among your readers than among the general population. This is particularly interesting because Architects fit the classic profile of financial planners. They are organized, they enjoy planning, and they fit well into the “system” as it were.
One possibility that may explain the underrepresentation of Architects is that you may have a particular appeal to people who do not really want to fit into the system. However, we can reject that notion out of hand because your readership is also low on Free Spirits. These are the folks that enjoy a healthy dose of chaos in their organizational approach and also like to challenge the system. You would expect that these folks would have a hard time committing to the structure needed to budget and all of the good stuff you provide information on in your blog, so it is no surprise that you are low on this group. But again, the point I want to make clear is that your low frequency of Architects does not seem to be coming from any messaging on your part that appeals to the folks who are not comfortable with the authoritative aspects of our financial system.
So now that you know who is underrepresented in your group, the blooming obvious question remaining is who is overrepresented in your group. The largest overrepresentation is with Contrarians followed closely by Oases. Contrarians are the question-askers, the people who like to work within the system but serve the purpose of making sure the group does not avoid the hard questions. As we have been diving more and more into the functioning of these types, I have been rather stunned by how essential Contrarians are to the successful functioning of any group…An Oasis is a person who glories in their internal dialogue, a thinker, a critic. Much focus on this broad personality type is on their preference to avoid social situations, a preference that is often incorrectly portrayed. Oases don’t fear social situations; in fact many are highly effective speakers and even bon vivants. They do find that social situations take energy and they need both prep and recuperation for big social events. They do not tend to be as naturally effective with finances as do Architects, but when they focus on a problem they tend to solve it.
So there you go, J. Money, a few personality-based insights into your awesome readership. It is super diverse, just like every successful community must be. They tend toward being highly inquisitive yet collaborative. One suspects that may reflect their fearless leader as well.
Neat, huh? :) You can read the entire report in full here: BudgetsAreSexy Readership Analysis. It’s two pages long. (Thanks guys for doing this! Very cool to see!)
Here’s how the rest of our week went…
This week in money (and gifts, apparently!)
- The wife got a graduation gift of $100 I finally cashed
- Then another graduation gift for $100 too – woo!
- And then ANOTHER graduation gift for $100 … (This almost covers the costs just to graduate ;))
- I sold another item off Craigslist for $25 (monthly recap coming soon)
- Digit saved us $174.77 – quickly funneling out all those graduation gifts!
- Acorns invested an additional $6.82 for us. (Hard to be much when you don’t spend much)
- And we spent $135.65 on our anniversary getaway the other weekend: Gas ($24.38 ) + hotel ($128.75) + lunch ($41.33) + dinner ($41.27) – an anniversary gift from my mother-in-law ($100). This is the real purpose of money :)
Cool stuff going on around the web…
- More Money = More Freedom – an interview I did with the fine folks at Haven Life. I think you’ll like it, especially those new to the site here as I get into a lot of my favorite tips and tricks with $$ :)
- Holly and Greg from Club Thrifty are giving away an iPhone 5s courtesy of Ting Wireless. Another cool wireless company out there like my beloved Republic Wireless.
- Kathleen from Frugal Portland is working on the launch of her Planner/Calendar/Motivational Coach dubbed “The Remarkable Year”. A place to hold your thoughts, dreams, and accomplishments that will help you realize just how much you can do in one remarkable year. If you like the idea of that, click that link up there to help fund it and get one in return!
- My boy Matt Becker from MomandDadMoney.com just dropped his new book: The New Parent’s Guide to Financial Independence. It goes over setting goals, savings targets, the best accounts to use, investment basics, investment strategies, and staying the course. If you enter the code “sexy” you’ll get 20% off the book (normally $14). It expires on Monday though.
Want to see the first ever credit card?
Cait from Blonde on A Budget snapped it while visiting the Smithsonian National Museum of American History’s “Stories of Money” exhibit in DC the other week. The story’s pretty fascinating behind it. (And now you know who to blame for all the debt around ;))
“In 1949, businessman Frank McNamara forgot his wallet while dining out at a New York City restaurant. It was an embarrassment he resolved never to face again. Luckily, his wife rescued him and paid the tab. [In] February 1950, McNamara returned to Major’s Cabin Grill with his partner Ralph Schneider. When the bill arrived, McNamara paid with a small cardboard card, known today as a Diners Club® Card. This event was hailed as the “First Supper,” paving the way for the world’s first multipurpose charge card.”
These 3 new reality shows are casting – know anyone?
Show #1 for Spike TV (shoot me an email if interested and I’ll connect you):
We are looking for a couple who lead the lives of millionaires but are at risk of losing it all. They make a very generous combined income, yet are unable to save any of it. Whether they are living way above their means or keep making poor investments, this couple needs serious help… To be clear – we are not looking to shame this couple. We want to help them. This experience for them could prove to be invaluable. We would be shooting with them this summer and obviously, there will be monetary compensation.
Show #2 for not sure…
Casting families who have dreamed of living in paradise but don’t know where to start! Do you think you and your family could retire today if you wanted to? At the rate you are going, are you worried that you won’t be able to retire in the future? Do you make a good living, provide for your family, but wonder if that’s all there is? Is quality time with your family and kids nonexistent? Is stretching your budget only providing your family with the basics? If someone told you that you could cash out, take what you have now and live a much better life with your family somewhere else, would you do it? We are seeking FAMILIES who dream of greener pastures. Does paradise await you?
Show #3 for not sure… (more info here: coaching movie)
I am working on a documentary seeking business execs and entrepreneurs who want coaching to take their business to the next level or to turn around a struggling business.
That 2nd one reminds me a lot of that show “Cash In Your Life” we blogged about in January, remember that one? And how I’d be the worst person to be casted?
Lastly…. JUST DO IT!!!! Make. Your Dreams. COME TRUE!
[Click here to watch the video if you can’t see it]
Have a great weekend, everyone! Keep saving that $$ and living your own life!
PS: I took that photo up top while sorting through 469 old silver coins for a family member… They’re all pre-1965 dimes which means full of silver! $500+ worth actually :) Always check your change!
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!