The Financial Strengths and Weaknesses of Being an Introvert

14edfae681fe493fbb120fd2646de3ccMost people fall into either the introvert or extrovert category. Some are lucky to balance the best of both worlds, but for most of us, it’s pretty clear which side of the fence we fall on. Because of the huge personality differences of the two groups, there are usually big financial differences too.

If you are an introvert, then your ideal downtime is being at home or alone with yourself. Social events can wear you out, and you rarely get bored when you are your only company.

Financial Strengths of Introverts

As an introvert, you are more likely to spend socially. Since socializing at the bar or throwing parties is not your scene, you never have to worry about wasting money on social events. You also may not be influenced to β€œKeep up with the Joneses” like your extrovert counterpart.

Another huge financial advantage of being an introvert is that you are probably more creative in your ways to spend and save money. When money is tight, you can think of ways to save and cut corners that extroverts may not think of.

Financial Weaknesses of Introverts

Since you prefer the more quiet side of life, you are probably less likely to take risks at work or network with your co-workers and higher ups. While you may be amazing at your job, your introverted personality keeps you from moving higher up in the company.

Many amazing opportunities come from networking. In fact, most people may even say that they have their current position due to the right connections, rather than the right interview. Having a good relationship with co-workers and your boss can lead to bigger opportunities that can also lead to promotions and raises. An introvert will miss out on these opportunities if he or she keeps to themselves in the office.

Let’s not forget the possibility of a job loss. If an introvert were to lose his or her job, how easy would it be for them to bounce back into the career field if they don’t have a lot of connections?

While many introverts are good savers, some may spend too much on themselves. Since introverts tend to stick by themselves, they also tend to have a few different hobbies. For many introverts, their hobbies are pricey.

Introverts may be more likely to overspend on items that appease them or help them further their hobby. Even introverts that prefer to read than go out on the weekend may find that they spend $30-$60 on books each month. So while introverts may not be spending to keep up with the Joneses, they’re certainly spending to keep up with their interests.

Are introverts better or worse off financially? It’s hard to say. Introverts may be better savers and spend less money on keeping up with peers, but they also may make less since they are not aggressive in the workplace.

Are you an introvert? If so, do you feel like these financial strengths and weaknesses of being an introvert describe you?