It takes a certain personality to not follow the pack – who are able to eschew consumerism while everyone around them equates spending money with comfort, entertainment, and status.
These Myers-Briggs personality types are INTJ’s, INTP’s, and ISTJ’s. Apparently they make up most of the early retirement community and are also the most likely to succeed at reaching financial independence at an early age.
I am none of these types. But interestingly enough, Mr. German is.
He’s an ISTJ!
Yet in the distant and recent past, he has resisted me so much when I introduce FIRE-friendly options. Such as shopping at discount supermarkets, buying used stuff, or investing.
The thing is, even though he resists my ideas at first, he eventually ends up getting even more into it than I ever was.
I tease him about it and tell him that soon he’ll be more into FIRE-ing than I will. It’s gonna happen any moment now, I can feel it. 😉
Surprisingly enough, my personality type is the least interested in money. I’m an INFJ, the idealistic do-gooder. I strive to do what’s right and live as closely as possible to my morals. Earning money is not my top priority.
But I think this makes me very suited to achieving early FI. Because my life goal requires time and freedom. I can’t save the world when I’m stuck at work going from one pointless meeting to the next. My personality type is the most likely to take on low paid jobs that help people/animals/society. That’s not the kind of job I have, but I will admit that I strive for this type of job. I just want to be financially independent first so that I don’t stress over living costs.
Also, since money is not important to me, I can invest and not flinch when the markets crash!
What is your personality type? Do you think it’s conducive to early retirement?