About these ads

Patience And Wealth


wealthymatters.com

Walter Mischel’s marshmallow test is one of the best-known studies in the history of psychology. In the 1960s, Mischel, then a professor at Stanford, took nursery-school students, put them in a room one-by-one, and gave them a treat (they could choose a cookie, a pretzel stick, or a marshmallow) and the following deal: They could eat the treat right away, or wait 15 minutes until the experimenter returned. If they waited, they would get an extra treat. Tracking the kids over time, Mischel found that the ability to hold out in this seemingly trivial exercise had real and profound consequences. As they matured and became adults, the kids who had shown the ability to wait got better grades, were healthier, enjoyed greater professional success, and proved better at staying in relationships—even decades after they took the test. They were, in short, better at life. Read more of this post

About these ads

The Wealthy Personality


wealthymatters.comIn the book ‘The Difference’,the author Joan Chatzky outlines the characreristics of the Wealthy Personality.

Wealthy people score high on 7 personality traits.Viz.

1.confidence

2.curiosity

3.intuition

4.drive

5.connectedness

6.resilience

7.optimism

Hence wealthy people tend to be more competitive, optimistic, happy, and confident.  They also read the news on a regular basis, exercise at least twice a week, and socialize with their friends at least once a week.

The author believes that cultivating these habits helps a person do well financially.

Finally an interesting quote from the book: “Optimism is a wealth magnet”

Psychology of Wealth


wealthymatters.comThe question why some people accumulate substantial wealth and others struggle so much in this field has attracted the attention of  quite a few psychologists.There have been many studies to correlate various personality traits and behaviour patterns, cognitive patterns , self motivation habits, moods and emotional behaviours and social behaviours with the wealth a person accumulates.

The results of these studies have been used to construct the various quizzes here http://www.marketpsych.com/personality_test.php .They are free and a pretty good way to get to know both one’s strengths and weaknesses as an entrepreneur , investor and/or speculator.

Taking these tests is a great way to get to know the strengths we can play to and the weaknesses to guard against.The results sheets also have many good psychological  tips to work around our individual weaknesses.

Follow

Get every new post delivered to your Inbox.

Join 2,426 other followers

%d bloggers like this: