Here’s Why Extroverts Might Struggle to Build Wealth

While it is true that what is considered a “good” financial decision will be different for each person, most personal finance writers fail to help their readers understand how to make financial decisions tailored to their unique circumstances. They duck the hard work by slapping on another broad platitude like “make financial decisions based on your goals and preferences.” <img alt="" src="https://miro.medium.com/v2/resize:fit:480/0*AJkXQlaFDqjl9ozx.gif" style="height:480px; width:480px" /> Personal finance is personal, and many struggle with money because they do not connect their financial decisions to their personality. I recently published an <a href="https://open.substack.com/pub/benlefort/p/heres-how-to-spend-your-money-to?r=r7ti9&utm_campaign=post&utm_medium=web" rel="noopener ugc nofollow" target="_blank">article</a> discussing how you can increase happiness by making purchases that align with your personality traits. The first problem is that many people haven’t thought too much about their personality traits — making it nearly impossible to make financial decisions connected to their personalities. To review the “big five” personality traits are: <ol> <li>Openness — Very open people tend to be creative and adventurous. In contrast, those with a low level of openness are more practical people that focus on the traditional ways of doing things.</li> <li>Conscientiousness — Highly conscientious people have a high degree of self-control, while those with low levels of conscientiousness tend to be impulsive.</li> </ol> <a href="https://themakingofamillionaire.com/heres-why-extroverts-might-struggle-to-build-wealth-b6db1c7ee7e8">Read More</a>