WHAT’S YOUR FI­NANCE PER­SON­AL­ITY?

Know­ing it will help you un­der­stand your at­ti­tude to­wards money, so you can take con­trol of your fi­nances. By Adelina Tan

Herworld (Malaysia) - - CONTENTS -

Find­ing out will help you pick bet­ter in­vest­ments.

What you do doesn’t just re­veal your spend­ing habits and broader at­ti­tude to­wards money. To a li­censed fi­nan­cial ad­vi­sor such as Ian Wong, it also pro­vides in­sight into the sort of in­vest­ments that would work best for you. “I’m not a DISC prac­ti­tioner, I don’t teach it, but I use the sys­tem in my work,” says Ian, who ex­plains that the DISC (Dom­i­nant, In­flu­en­tial, Steady, Com­pli­ant) per­son­al­ity the­ory orig­i­nated from Wil­liam Moul­ton Marston when he pub­lished a book ti­tled Emo­tions of Nor­mal Peo­ple in 1928.

“Hu­mans have all four per­son­al­ity traits in them. How­ever, it’s like a cake – you’d taste of the strong­est in­gre­di­ents,” Ian shares. In each per­son, it’s typ­i­cally two traits that man­i­fest the most – one main trait and one sec­ondary trait. “D and I are ac­tive types, while S and C are more pas­sive. The task-ori­ented ones are D and C, with S and I be­ing more sen­si­tive to so­cial re­ac­tions.”

That said, it’s pos­si­ble for your per­son­al­ity type to change over time if you’re aware of the strengths and weak­nesses of each. For ex­am­ple, a C type – the thinker and strate­gist of the four – could learn to be a bet­ter con­ver­sa­tion­al­ist and ex­cel in net­work­ing, which are traits typ­i­cal of I. “Don­ald Trump is a D, Richard Bran­son an I, Robert Kuok an S, and Bill Gates a C. So, each trait does have its own lead­er­ship style,” Ian af­firms.

Ian Wong, li­censed fi­nan­cial plan­ner and part­ner with IPP Fi­nan­cial Plan­ning Group, Malaysia

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