Is your long-term financial security linked to your personality? Jeffrey Strain thinks so.
I spend more time than I care to admit, but rarely does an article tickle my brain for days after I read it. Strain’s asserts that specific behaviors have less to do with successful money-handling than do certain personality traits (patience, satisfaction, organization, discipline, reflectiveness, creativity, curiousity, risk-taking, goal-orientation and work ethic).
I think Strain’s analysis is brilliant. I only want to expand it in two points.
First, not everyone wants to be filthy rich. I think most of my customers would settle for security coupled with the occassional indulgent purchase or vacation.
Second, it’s all about balance. For Mark Zuckerberg, Bill Gates, and Richard Branson risk-taking was a virtue. For the friends of Bernie Madoff, not so much. Likewise, there are plenty of incredibly creative people with brilliant ideas, but who lack the business acumen to make anything of these ideas.
Personally. I’m anything but a risk-taker. The irony is that I’m too satisfied with my life to care!