The personality types that make the most and least amount of money.
Probably not strictly correct but maybe a guide to the average personality types that the article suggests or describes...
I suspect it can be a lot more complex than this ! :-\
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A lot of things determine how much money you make: your level of education; the job you choose to pursue; the company you work for; your hard skills; and your ability to negotiate.
But one thing you really have no control over that affects your pay is your personality type.
According to the Myers-Brigg Type Indicator, which tests behavioral binaries, there are a total of 16 distinctive personality types.
The Career Assessment Site created an infographic that, among other things, shows the average household income for each one.
Here's a look at average pay by personality type:
(http://l1.yimg.com/bt/api/res/1.2/TD4dr_Xn416eBYxiiaXa_g--/YXBwaWQ9eW5ld3M7cT04NQ--/http://globalfinance.zenfs.com/en_us/Finance/US_AFTP_SILICONALLEY_H_LIVE/The_personality_types_that_make-613a119d6e5c243c71b952d69d2ff9f8)
Individuals with the ENTJ (Extroverted, Intuitive, Thinking, Judging) type, who tend to be natural leaders, earn the most money, on average.
"They're typically short- and long-term planners who are able to read into data effectively, leading them to find patterns and creative solutions to problems," explains Jonathan Bollag, an executive coach and founder of Career Assessment site. "They put this information through a logic-based filter in order to make objective decisions. You then add their preference for extroversion that translates to them having an easier time networking and communicating with large groups of people."
These personality preferences combine to create the potential for an individual who stands out as an effective and efficient problem solver with a long-term vision.
"These people also tend to present their positions from a logical perspective, and are able to create the right connections to create leadership opportunities," Bollag says. "Not coincidentally, these leadership positions come with some of the highest possible income potential."
At the other end of the spectrum you'll find the INFP (Introverted, Intuitive, Feeling, Perceiving)Â type.
"Individuals with the INFP personality type are introverts and they tend to be less comfortable with networking and 'reaching out' in general," he says. "This may lead them to miss opportunities to make contacts that propel them to positions of higher income levels."
"Individuals with the INFP personality type are introverts and they tend to be less comfortable with networking and 'reaching out' in general."
And in a world where "who you know" matters more than "what you know," this can be detrimental.
These individuals also tend to be attracted to career paths that offer a lot of flexibility and freedom where their creative expression can manifest itself on their terms, Bollag says. "This is why you find that a lot of INFP's go into fields like music, arts, and creative writing," he explains. "Unfortunately for income statistics, there is a very good reason why we use the term 'starving artists' and the few examples of famous artists, novelists, and musicians that make it big are a very small percentage of the population."
Finally, he says, these individuals tend to lean on subjective analysis of situations when making decisions. "They consider the impact their decisions have on other people and aim to have harmony in their environment. While there is nothing wrong with this perspective, it may lead them to shy away from positions that force them to make hard, logic-based decisions that effect others in a negative way."
For example, an INFP may have a much harder time making a corporate level decision that lays off a thousand employees for the betterment of the company than someone who had a Thinking ("T") based personality type. "A T-based personality type may be able to justify the action, but an F-based personality type, like the INFP, may have lingering issues with such a past decision long after it has been made."
When you combine all of these aspects you find a combination that is less likely to be naturally attracted to some of the high-income career paths, Bollag adds.
He says it is important to note that these are "averages" and it does not mean that you cannot make a great living while having the INFP personality type.
"Your personality type does not dictate how good you will be at something. It only lets you know which preferences are most natural for you," Bollag explains. "What you do with that knowledge and how hard you work at your chosen career path will have the biggest impact on your income potential."
This link shows the image below in larger more clearer detail.
http://careerassessmentsite.com/mbti-personality-types-socioeconomic-infographic/
(http://careerassessmentsite.com/wp-content/uploads/2013/10/mbti-personality-types.gif)
http://finance.yahoo.com/news/personality-types-most-least-amount-140826566.html
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Another related article....
In your 30s and still not rich? The odds are stacked against you.
If you're 35 years old and you're not already making the big bucks, it's fairly unlikely that you're going to be rich.
That was the finding of a recent report from the Federal Reserve Bank of New York. The research, analyzing the career paths of nearly 5 million workers for 40 years, found that your first 10 years in the workforce will help establish what you will earn for the rest of your working life.
So, if you're among the many people who believe that hard work will continue to pay off through your lifetime and that you'll continue to get raises, you could be wrong. Income growth tends to stagnate after you've spent 10 years in your career.
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"Across the board, the bulk of earnings growth happens during the first decade," the report's researchers said.
If you compare the earnings of an average worker to top earners, here's what you'll get:
"The median individual by lifetime earnings experiences an earnings growth of 38 percent from ages 25 to 55, whereas for individuals in the 95th percentile, this figure is 230 percent; for those in the 99th percentile, this figure is almost 1,500 percent," the report stated.
According to The Washington Post, the report revealed that the bottom fifth of American earners, who typically work in physically demanding positions, actually experience a decline in income from 25 to 55 years of age.
Economist and report author Fatih Guvenen told the Post:
Low-skilled jobs tend to use brawn, not brain. Brawn depreciates very quickly. Your back starts to hurt. You become less and less productive. You cannot work as much.
So, the takeaway here is to work your butt off in your 20s and make sure you're asking for bumps in pay.
http://finance.yahoo.com/news/30s-still-not-rich-odds-070609216.html