Find your ‘Millionaire Code,’ then your new career
By Paul B. Farrell, MarketWatch
Commentary: Take this test, start doing what you love today
SAN LUIS OBISPO, Calif. (MarketWatch) Yes, you can increase your earning power. Definitely live a happier, healthier, less stressful life. How? Change careers.
In The Millionaire Mind, Thomas Stanley says Millionaires who have a high creative intelligence often make one very important career decision correctly: They select a vocation that provides them with enormous profits, and very often this same vocation is the one they love. Remember, if you love what you are doing, your productivity will be high and your specific form of creative genius will emerge.
Stanleys message cuts both ways: As most millionaires report, stress is a direct result of devoting a lot of effort to a task thats not in line with ones abilities. Its more difficult, more demanding mentally and physically, to work at a vocation thats unsuitable to your aptitude.
Heres your first step, a brief test from my Millionaire Code, modified from Carl Jungs personality types and the Myers-Briggs 16 personality types.
Take this simple four-part test and find your four-letter Millionaire Code. Then you can follow the links to all sixteen the Myers Briggs and discover some details on new career options that fit you.
The test may look like one you took years ago. But things change, so keep an open mind, open to big changes. You wouldnt be the first financial type who left a bank to become an artist, jewelry designer or journalist, but you may be the happiest one.
The test is very simple, without psychological mumbo-jumbo. With each of the following four pairs, use your gut, pick the one letter that best fits you, not the way other people expect you to be at work, social gatherings, or even your family. Youll sense the real you:
1. Extrovert or Introvert? (E or I)
Given a choice, what world do you prefer living in: We all want some of both, but Extroverts prefer interacting, socializing, talking and listening to people. Introverts prefer their own inner world time alone, reading, thinking quietly, living in their head, working things out before dealing with the real world.
2. Sensor or iNtuitive? (S or N)
How do you use information? We all use the five senses to get concrete data, from seeing, hearing, touch, taste, smell. However, the Sensor then compares new data to past information. Intuitives are future-oriented, they look beyond raw data for meaning, possibilities and abstractions. Sensors rely more on the data. An Intuitive relies more on hunches, concepts and inspirations.
3. Thinker or Feeler? (T or F)
How do you make decisions? Thinkers want to do whats right, fair and just. They tend to be impersonal and impartial, using logic, rationality, reason. Feeling types are more subjective and personal, their decisions depend on individual values and empathy, on making themselves and others feel good at work, at home, in the world.
4. Judger or Perceiver? (J or P)
What daily lifestyle do you prefer? A Judger likes an orderly, organized life with schedules, plans, things-to-do, lists, tasks to accomplish, specific goals. Perceiving types value spontaneity and flexible goals, adapting easily to new situations They prefer keeping their options open in a changing environment, often till the last minute.
Are you in sync with the real you? Or creating stress, undermining your destiny, your reason for being here this lifetime? Find out more: Check out the 16 personality types and read the description that fits your 4-letter code. For example, Im an INFP, an idealist searching for meaning in life, looking for ways to make the world a better place for people.
Whats your 4-letter Millionaire Code? You can find details in your specific personality among the 16 Myers-Briggs types. Lets start with the general categories with links to all 16 types, including your personality type.
Systems masterminds ( ENTJ , ENTP , INTJ or INTP )
No shrinking violets here. Youre a bright, energetic trailblazer who loves mental challenges and working 24/7 trying to figure out how to improve procedures, systems, etc. Driven to make your dreams come true and change the world, your decisions are based on whats best for everyones overall good-not any specific individual-and feelings are balanced with the bottom line. If theres a group of people, you tend to be the head honcho.
Career paths: Leaders like you can be found across all kinds of fields. Top guns like you are likely to be happy as a corporate executive, bank or office manager, fundraiser, hospital administrator or sales manager.
Guardians of the establishment ( ESTJ , ESFJ , ISTJ or ISFJ )
You are the backbone of corporate America, more focused on the present than the past, but with an eye toward the future. An avid planner, you regularly invest in your 401(k)s most conservative choices and your unions pension fund, and probably contribute to a college tuition savings plan for the kids. Your preference is safety, security and order.
Career paths: Youre happiest in a large organizational environment where theres a rigid structure with clear rules; it could also be a police force or the military. Any corporate positions fit you, as supervisors, managers, executives, technology experts, staff advisers.
Freelance creators ( ESTP , ESFP , ISTP or ISFP )
Youd prefer to work for yourself rather than an employer and love helping and pleasing others.
You dont mind bending a few rules or being an individual who works independently. Pressure, surprises and freedom make your days complete!
Career paths: Use your entrepreneurial spirit to start your own business, even if its only part-time. Brokerage firms might be a good place to start looking since you can work as much as you want, whenever you want.
Got more time and savings to go along with it? Invest in your financial future by buying a franchise, like a Mrs. Fields or Taco Bell. Or consider some commission-based, be-your-own-boss options, such as real estate broker, writer, ad exec, travel agent, sales positions.
Pathfinders ( ENFJ , ENFP , INFJ or INFP )
Your willingness to help those less fortunate and your compassion for people makes you an inspiration to all. Youre idealistic and passionate about work, life and other peoples potential. You were born to inspire, encourage and motivate. You have strong psychic instincts, are very intuitive and skilled at reading body language and picking up on others feelings.
Career paths: Social work, teaching, public relations, career and guidance counselors and human resource specialists are all careers that naturally build on a spirit of caring and compassion for people, a need for personal contact and a natural desire to create harmony and peace.
Want more: check out my Millionaire Code for details about the 16 personality types. Youll find yours. Definitely read Thomas Stanleys Millionaire Mind and Marcus Buckinghams books, beginning with The One Thing You Need to Know: Figure out what you dont like doing, then stop doing it. Then dig into Buckinghams books on Strengths Assessment, identify and focus on what you love doing.
Be patient. When its time, you will know what to do. For years in investment banking at Morgan Stanley I was taking workshops on writing, directing and acting at places like the Television Academy and Actors Studio, won a gold medal for a short-film.
Then one day, suddenly, I knew it was time to go. Soon after left, became a newspaper editor, an executive at the Financial News Network, then a financial journalist. Best decision I ever made. Be patient, get prepared, youll know the right time, you just know.
Whatever you do, dont give up your dream five minutes before the miracle. Remember what Stanley says in The Millionaire Mind: If you love what you are doing, your productivity will be high and your specific form of creative genius will emerge.
A couple other must-reads: Bill Bridges, Transitions, and Marsha Sinetars Do What You Love, The Money Will Follow.