{"id":8074,"date":"2022-09-15T10:34:53","date_gmt":"2022-09-15T09:34:53","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=8074"},"modified":"2022-09-15T13:26:39","modified_gmt":"2022-09-15T12:26:39","slug":"the-big-five-personality-traits-of-the-self-made-millionaire","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2022\/09\/15\/the-big-five-personality-traits-of-the-self-made-millionaire\/","title":{"rendered":"The \u2018Big Five\u2019 personality traits of the self-made millionaire"},"content":{"rendered":"
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In the first study of its kind<\/strong>1<\/sup><\/strong>, researchers have distinguished the personality traits most common among self-made millionaires versus those who have inherited their wealth.<\/strong> <\/p>\n<\/div>\n\n

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The study analysed a sample of wealthy individuals according to the so-called \u2018Big Five\u2019 personality traits:  <\/p>\n<\/div>\n\n

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\u2022 Openness (i.e. curious vs cautious)  <\/p>\n<\/div>\n\n

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\u2022 Conscientiousness (i.e. efficient vs disorganised)  <\/p>\n<\/div>\n\n

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\u2022 Extroversion (i.e. outgoing vs reserved)  <\/p>\n<\/div>\n\n

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\u2022 Agreeableness (i.e. friendly vs uncaring)  <\/p>\n<\/div>\n\n

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\u2022 Neuroticism (i.e. confident vs anxious)  <\/p>\n<\/div>\n\n

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The results showed that wealthy individuals across both categories tended to show a similar personality profile, being open to new experiences, extroverted, conscientious, agreeable and demonstrating low levels of neuroticism. They were also shown to be more risk tolerant than the average population.  <\/p>\n<\/div>\n\n

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Interestingly, the study revealed that self-made millionaires more closely match this personality profile than inheritors \u2013 and that this becomes more pronounced the wealthier they are.  <\/p>\n<\/div>\n\n

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The report concluded that people with this unique combination of personality traits have a higher chance of becoming rich via their own means. The good news \u2013 if you don\u2019t match this specific profile \u2013 over the years many studies have also shown that taking financial advice can result in heightened wealth accumulation.  <\/p>\n<\/div>\n\n

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1<\/sup>Humanities & Social Sciences Communications, 2022  <\/p>\n<\/div>\n\n

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The value of investments and income from them may go down. You may not get back the original amount invested. Inheritance Tax Planning is not regulated by the Financial Conduct Authority.<\/em><\/strong> <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

In the first study of its kind1, researchers have distinguished the personality traits most common among self-made millionaires versus those who have inherited their wealth.  The study analysed a sample of wealthy individuals according to the so-called \u2018Big Five\u2019 personality traits:   \u2022 Openness (i.e. curious vs cautious)   \u2022 Conscientiousness (i.e. efficient vs disorganised)   \u2022 Extroversion […]<\/p>\n","protected":false},"author":12,"featured_media":8102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,88,90],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/8074"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=8074"}],"version-history":[{"count":5,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/8074\/revisions"}],"predecessor-version":[{"id":8111,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/8074\/revisions\/8111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/8102"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=8074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=8074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=8074"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=8074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}