17 Apr , 11:35
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Scientists revealed the main secret of financial success
A large-scale study conducted by scientists from Great Britain and Norway has identified key character traits that determine a person's financial well-being. Surprisingly, certain personality characteristics have a decisive influence on income levels regardless of gender, education, or geographical location.
This is reported on the information resource Wiley.
How the study was conducted
The experiment covered more than three thousand respondents aged thirty-one to fifty years. Participants took the "Big Five" psychological test, which reveals the main personality traits. Additionally, they provided detailed information about their income, savings, investment portfolio, as well as demographic data, including age, education, and place of residence.
The essence of the "Big Five" test
The study was based on the assessment of five basic character traits:
– Extraversion - tendency to actively interact with others, sociability, initiative;
– Agreeableness - ability to empathize with others, desire for cooperation and harmonious relationships;
– Conscientiousness - ability to plan, high organization, responsibility, and self-discipline;
– Neuroticism - emotional instability, tendency to anxiety and stress reactions;
– Openness to new experiences - curiosity, creativity, receptivity to changes and new ideas.
Portrait of a financially successful person
Analysis of the collected data led scientists to an unexpected discovery: conscientiousness turned out to be the decisive factor for financial success. People with high levels of organization and self-discipline demonstrate impressive results in the financial sphere even without higher education.
Extraversion took second place in importance. Sociable and energetic individuals more effectively establish business connections and quickly discover promising opportunities for career and financial growth. However, researchers note that sociability alone is not enough to achieve high income.
The main obstacle on the path to wealth
The most significant barrier to achieving financial well-being turned out to be a high level of neuroticism. People prone to anxiety and emotional instability are much more likely to face difficulties in making important decisions, building a career, and managing finances.
Key findings
The authors of the study particularly emphasized that financial position practically does not depend on a person's gender and is only slightly related to their social background. The decisive factors for financial success remain personal discipline, determination, and strategic thinking. These qualities allow not only to earn effectively but also to manage funds wisely. At the same time, impulsivity, insecurity, and increased anxiety can significantly slow down progress toward financial well-being.