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.

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