How do INTJs approach money and finances? That’s a great question. In this video and article, I’ll discuss some INTJ income statistics, as well as how INTJs tend to be frugal, resourceful, and great at managing and saving money. Of course, this doesn’t apply to all INTJs, but these appear be fairly common traits of the type (and some comes from my own experiences and observations).
INTJ Money, Finances, and Income Statistics
INTJs are good at making money, but why is this true? INTJs have the unique ability to see things from multiple perspectives and find innovative solutions to complex problems. INTJs are also perfectionists who will work long and hard to see their detailed plans come to fruition. It’s no wonder that INTJs tend to rise to leadership positions. This is also why INTJs do well in consulting; technical areas such as science, technology, or mathematics; or even starting their own businesses.
According to statistics by Truity.com, INTJs were the fourth highest earner of all the sixteen types (when you combine both male and female of each type), with an average income of $52,000. In another survey, the average household income for INTJs, which again came in at number four, was around $72,000. Not bad! (As an aside, don’t get too discouraged if you’re not making that much. It takes time to grow in your career, and those numbers are only estimates and averages).
However, even though INTJs didn’t earn the highest salary, we need to keep this fact in mind: It isn’t how much you make; it’s how much you keep! ENTJs or ESTJs may make more money on average, but let’s be honest—they’ll probably blow their money on dumb stuff. We’ll be creative masterminds and manage it well!
I’m totally kidding, ENTJs and ESTJs. Calm down!
INTJs are Generally Good at Managing Money
Many INTJs have messaged me and told me about some of their accomplishments. One INTJ teenager has already started his own business and saved an impressive sum. Many other INTJs own their own businesses or work in impressive careers in technology, science, and other areas.
Here are ways I manage my money (and a few observations):
- I use Quicken to record all of my financial transactions so that I can easily track income and expenses.
- I also keep receipts of transactions in case I have to make a return, warranty claim, or decide to itemize tax deductions.
- My wife’s INTJ grandmother managed the finances and was much better with money in her marriage to her ISTP husband. She’d have receipts and manuals there were decades old!
- INTJs tend to be disciplined with their money, and they are savers, not spenders. We will save and invest money because we’re looking at long-term strategies to build wealth and create opportunities for growth. INTJs look deeper into the future than any other type, and we’re always planning for retirement or a catastrophe.
- I also hate asking for money. I was probably 16 years old the last time I ask someone for money, excluding my mortgage, of course.
INTJs are Frugal and Like Saving Money
I’m very frugal and hate wasting money if I don’t have to waste it. While I like nice things, I don’t have an insatiable desire for luxury. I’d never want a yacht or mansion. The Bible says that “He that loveth pleasure shall be a poor man: he that loveth wine and oil shall not be rich” (Proverbs 21:17). In other words, if you love luxury, you’re probably going to end up broke.
I also hate debt. I do my best never to carry debt other than a mortgage. (Unless I could profit by assuming low-interest debt so that I could invest in something more profitable, of course).
Here are a few ways that I’m frugal:
- I rarely eat out. We buy our food at the store and prepare it at home. (When I do go out to eat, I do believe in tipping the server a good tip, however. That’s their living.).
- My wife and I clip coupons and look for coupon codes before buying anything—food, vacations, etc.
- I claim every legitimate tax deduction I can.
- I keep my house to get very cool in the winter and very warm in the summer.
- Although I do buy a new car (car trouble or unexpected breakdown is a huge pet peeve of mine), I buy the cheapest one I can get (usually Kia due to the price and warranty), I keep it maintained, and drive it for around 10-12 years before selling it and getting another one. This way, I get the fully warranty, don’t have to worry about the prior owner being rough or failing to maintenance it.
- I don’t buy brand name clothing or stuff, unless the brand is synonymous with quality that will justify the extra expense.
- I cut my entire family’s hair, including my own. I also do my own yard work, home repairs, etc.
- I keep all of my expenses as low as possible.
- I always price compare and shop.
- When my wife wants to buy something, she says that I interrogate her about it. I’ll ask her why we need it, what purpose it will serve, etc.
- I become frustrated if I buy something and realize that I could have saved money by doing it another way.
- When making a big purchase, I will research something exhaustively and think of every alternative available before buying it.
- I’d never buy a big house. I’m actually intrigued by something called the “tiny house movement.” Most of these houses are too small for my taste, but I’m fascinated by the idea of building a house that’s small yet cleverly designed to offer maximum storage and utility for, say, 750-900 square feet. I actually want to build my own small cottage in the next few years and make it as efficient as possible.
INTJs are Resourceful
I’ve heard many fascinating stories of how INTJs find ways to save money. They know how to stretch resources and use things in creative ways to get the best bang for their buck. Here are a few examples of ways I’ve saved money:
- I’m a minimalist. I dislike clutter or junk, and I sell any excess stuff on eBay or Craigslist (or I trash it or donate it).
- I find creative ways to save money when buying stuff. I’ll use “Discover Deals” to get cash back on groceries.
- I do Bing Rewards to get free Amazon gift cards each month for searching online.
- I use a credit card on all major purchases to get the cash back benefits.
- When I buy a new computer, I will disassemble the old one and sell the motherboard and other parts individually on eBay.
- I take my old socks and t-shirts, wash them, and then use them to clean car parts.
- When I used to sell a lot of stuff on eBay, I’d reuse cereal boxes and everything to save money on shipping supplies.
- My wife’s INTJ grandmother would reuse butter containers for storage.
Are INTJs Greedy Tightwads?
INTJs can get the reputation of being greedy because we are frugal and very precise in how we spend our money. We hate to waste it, and we especially hate giving money to another person who will waste it on stuff we don’t even buy for ourselves. For example, I’d never give money to someone to pay their cable bill, because those are luxuries that I don’t even have myself! Need money to buy a pack of cigarettes? Better ask someone else!
I also use discretion when giving money to someone. If I perceive that someone is simply lazy or doing drugs, I won’t give them money. I like this quote: “For even when we were with you, this we commanded you, that if any would not work, neither should he eat” (2 Thessalonians 3:10). That verse is not talking about people who can’t work due to some real disability or problem, but rather, those who won’t work because they’re lazy.
Furthermore, I don’t like throwing money at someone and moving on. If someone has a need, there’s probably reason for that. Are they unable to manage their finances? Are they overspending? Are they not working? Have they experienced a major financial disaster? Throwing money at people doesn’t solve the underlying problem. People need training to be financially independent and helped to get back on their feet.
I love the following quote: “If you give a man a fish, he eats for a day. If you teach a man to fish, he eats for a lifetime.” We should always help those unable to help themselves, but let’s not reward lazy people who abuse the system!
I also never like to donate to large “not-for-profit” organizations because of the inherent inefficiency and waste. I’d rather cut out the middle man and help out a person individually. It’s absurd to me that some CEOs take MILLIONS of dollars in salary for some of these “not-for-profit” organizations. Don’t get me wrong–I’m a capitalist at heart. I believe that if a man or woman invents some widget and sells a billion of them, that’s their reward. However, don’t take millions in salary based on donations! That’s just absurd.
However, one exception that I make when giving to an organization is that I do tithe 10% of my income into the church, which supports various ministries, missions, and so forth. I’m not against a pastor taking a reasonable salary, but I refuse to support some false “profit.”
Some Christians disagree with tithing and claim that it is a part of the “Old Testament law.” I disagree. If you read the Old Testament, you’ll find out that both Jacob and Abraham tithed, which predated the Mosaic Law by hundreds of years. Furthermore, the Apostle Paul tells us in the New Testament that we should give “in keeping with income,” which means a percentage (1 Corinthians 16:2). Tithing is not a requirement for salvation, but I think that Christians should commit financially spreading the gospel and helping others through the church.
Interestingly, I once read a biography on John D. Rockefeller (typed by most as ESTJ) titled Titan: The Life of John D. Rockefeller, Sr. He was so rich that he makes Bill Gates look like he’s on food stamps. One thing that I found fascinating was that he would tithe from a very early age and keep meticulous records. Here’s a quote from Rockefeller on tithing:
“I never would have been able to tithe the first million dollars I ever made if I had not tithed my first salary, which was $1.50 per week.” — John D. Rockefeller
In conclusion, INTJs are insightful thinkers who tend to earn high salaries or income. They tend to be frugal savers who loathe to waste a dime. Nevertheless, they can be generous help those with a genuine need, although they will use discernment.