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MBTI

Risk-Taking Entrepreneurs, Investment, and Personality Type

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Risk-Taking Entrepreneurs, Investment, and Personality Type

Had a super educational event yesterday! Ted Pearlman invited me to provide the Type perspective during a presentation by Larry Swedroe about investment to the many freelancers and entrepreneurs at studiomates

Here's what I learned about investing:

  • Never buy variable annuities 
  • Investing in the stock market is never safe
  • Only work with registered advisors who provide a fiduciary standard of care
  • Ask them what advice they gave 10 years ago, and if they invest in the same funds they're trying to sell you
  • Make a will and get a durable power of attorney
  • Be clear on what money represents to you and your family (this is where working with a Type coach comes in handy!)
  • Buy when others are fearful, sell when others are greedy
  • Make a plan and stick with it - no need to pay attention to indices or forecasts
  • Review the plan when underlying assumptions change

In the end, we didn't have time to present on how Type influences risk-taking or decision-making. But you know what? That's ok, because I got to spend a whole week with a group of smart creatives in their space, talking Type 1:1 with some of them. Plus, I prepared some quick&dirty handouts available on Ted's blog. 

I love sharing how Type awareness really has a lot to offer to everyone who is open to learning more about themselves, and the studiomates were great participants. The process of finding your core preferences may be challenging, because really, when was the last time someone asked you how you communicate, which roles you are naturally drawn to, or whether you tend to focus on outcome or process? Thankfully, the consensus was that the effort of self-analysis is worth it in the end, because the knowledge you gain opens you up to a new way of looking at - everything. 

Resources:

Books by investment expert, Larry Swedroe

Books by my Type Guru, Linda Berens, Ph.D. 

Image by Tax Credit, Creative Commons, flickr

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The Star Wars MBTI Chart

Hello! Thanks for visiting and please enjoy the free info below! 

Just fyi, you can find me over at www.dorisfullgrabe.com from now on, where I'm making custom lettering and calligraphy. 

This archive will be discontinued next month. 

Wouldn't you know - the Harry Potter MBTI Chart is one of the most visited posts on this blog! To continue the tradition, and with all the deserving kudos to  Ms. Geek in Heels, behold for your viewing pleasure, the Star Wars MBTI Chart:

 

Tongue-in-cheek, but awesome. 

Tongue-in-cheek, but awesome. 

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3 Tips to Improve Your Professional Wellbeing

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3 Tips to Improve Your Professional Wellbeing

copied from Pinterest
copied from Pinterest

I have worked with dozens of expats and accompanying partners over the years, and I don't know a single one who has seamlessly adapted to the new culture's leadership, team work, and communication style. The hiccups may be minor, but there will be hiccups.

To improve your professional wellbeing no matter where you are, start thinking about the tips below. If you're accompanying your partner on assignment, and you don't have a work permit in your new country, you might think about how these apply to your past jobs, or if you can use these for volunteering.

1. Ideally, you love the job you were hired for. Loving your job will help with motivation, getting up on Monday mornings, and persevering through tough times. If you don't love your job, list at least 5 things you like about it, e.g. the commute is short, your office space is comfortable, your colleagues are friendly, the benefits and salary support your family, etc.

We sometimes tend to see only the bad things. Focusing on what you like will help you feel gratitude and satisfaction; integral elements to wellbeing.

If you can't find anything you like about your job, knowing your strengths might help you find a new one.

2. Know your strengths and what you're good at Many of us don't have time to stop and think which parts of the job we love and which ones we don't enjoy. Generally, when we perform tasks that play to our inherent strengths, those tasks are easy for us. They come naturally, we do them well without having to concentrate too hard, and that often makes them enjoyable. If you're someone who loves a challenge, you will find enjoyment in problem-solving or having to work to achieve a level of competence. In that case, you may be good at various things, but after a while stop enjoying them, because maintaining the level of competence you want to show becomes more and more difficult to maintain since you have to keep working at it.

Continually working outside of our comfort zones increases stress. Learn more about yourself and take time to reflect what triggers stress for you. Personality Type instruments like the Myers-Briggs Type Indicator® help you figure out what your inherent strengths are. Armed with that awareness, you will be able to devise strategies on how to bring them into your work more effectively, which will help improve wellbeing.

3. Maintain positive and supportive relationships with your colleagues Very few jobs today operate in complete isolation. You don't have to be in sales to come in contact with other team members, customers, or vendors. To understand the cultural differences of your new colleagues and professional network, you must first become aware of your own cultural preferences. Only after understanding your own programming and framework will you be able to compare what is different to you, and contrast what is different among them. Think of your culture as wearing glasses you were never aware of. Moving to a new country will force you to take those glasses off and see people and things differently.

As with the second point, you have to know yourself before you can start understanding others. Learn about your culture and the one you are now living in. Ask yourself, your friends and family how they would describe your home, and then ask your new colleagues about how they do things. Asking why-questions may be seen as accusatory or condescending, so it is most helpful to come from a place of genuine curiosity and willingness to learn.

Being cut off from your usual cultural cues will be disconcerting and cause anxiety. All of a sudden you're the odd one out. If you start questioning your identity, your wellbeing will suffer.

You don't have to change who you are. But when the way you've always done things back home does not yield the same results, you have to adapt and add new behaviors to the mix. Well - only if you want to be effective, that is. Over time, seeing progress in how successfully you're fitting in will improve your well-being.

Image by tdlucas5000, Flickr, Creative Commons License.

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What your Car says about you

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What your Car says about you

Pic found on Twitter
Pic found on Twitter

Mid-life crisis = red corvette? No comment!

Yesterday we talked about lunch and culture, today it's cars and personality type.

American manufacturer Ford is currently holding their conference in Detroit, and have teamed up with CPP (license-holder of all MBTI® products) to show which Type would prefer which Ford model.

I've gone through an exercise before where we talked about our decision-making for car purchases. I remember someone with extraverted Feeling (Fe) preferences saying they simply "fell in love" as soon as they saw their car.

Someone with introverted Feeling (Fi) preferences said they went by recommendation and experience.

Someone with INTP preferences (dominant introverted Thinking Ti = analyzing) compared statistics, security results, mileage, and many other objective factors.

For me, it's not very extraverted Feeling at all - I just need my car to function, and I certainly don't have the patience to compare all those numbers. German engineering, anyone?

Here are some of the comments left on the MBTI facebook page about how to choose a car.

INTJ - Nissan Centra (quiet, practical, low maintenance, logical choice)

ENFJ - sporty & fun

INFJ - technology features

INFJ - Scion xA

INFP - not flashy but very reliable

INFP - biodiesel bug = easy on the environment & holds dogs well

ESTJ - 1960 Morris Minor. No technology = less to go wrong; everything can be fixed with a spanner

ENTP - Jeep Wrangler - go anywhere, do anything

ISTP - Jeep Wrangler - flexible to make (it) anywhere in silence

INTP - love the technology

What's your Type, and what (if any) do you drive?

 

Image by Jon Rawlinson, Flickr, Creative Commons.

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MBTI(r) Reports and Manuals

Type knowledge can be used for many different applications. In relationships, change processes, personal and professional development, coaching, stress management, communication - you name it.

Once you take the MBTI questionnaire, the result will be displayed in the form of a report. Below are some reports to give you an idea of what you'd get.

I always recommend getting a manual to supplement the report - in case your reported Type isn't a good fit, or if you're curious to learn about how people with other Type preferences would approach a certain situation. Again, some sample manuals are linked below.

Sample Reports:

MBTI® Step I Basic Profile

The MBTI® Step I Basic Profile provides a summary of MBTI results, allowing for basic feedback. It provides reported type, explanations of the preferences, characteristics frequently associated with the type, and an easy-to-read graph displaying the preference clarity index.

Recommended in conjunction with specialized booklet exploring the area of interest.

Sample report provided by www.cpp.com

Step II™ Interpretive Report

Developed by Naomi L. Quenk and Jean M. Kummerow, the Step II™ Interpretive Report is a highly personalized narrative and graphic report that helps clients understand and apply their MBTI® results. It describes in detail the client's four-letter personality type as well as the results of another 20 facets, giving a more detailed insight into and adding understanding of the personality preference. These results are applied to four components of professional development inherent to national and international relocation: communication, change management, decision making, and conflict management. The report describes the client's style in these four areas and suggests ways of using that style more effectively.

Highly recommended for expats and executive coaching.

Sample Report provided by www.cpp.com

Career Report

Developed by Allen L. Hammer, the revised MBTI® Career Report shows how type affects career exploration and discusses the benefits of choosing a job that is a good fit for type. It explores preferred work tasks and work environments, most and least popular occupations, and offers strategies for improving job satisfaction. The report includes expanded coverage of popular fields, such as business, health care, computer technology, and high-level executive and management occupations.

Recommended for expat spouses in career transition.

Sample report provided by www.cpp.com

Communication Style Report

Effective communication is a core competency in today's global, fast-paced, team-oriented organizations, and absolutely essential when crossing cultures. Developed by Donna Dunning, the MBTI® Communication Style Report uses type preferences as a framework for understanding natural communication styles. This report can help increase understanding of communication strengths, offers practical tips for communicating with others and suggests steps for development.

Recommended in conjunction with Introduction to Type® and Communication booklet for team building, leadership development and conflict management initiatives, as well as with cross-cultural training for added insight during international relocation.

Sample report provided by www.cpp.com

Stress Management Report

Developed by Naomi L. Quenk, the MBTI® Stress Management Report helps individuals recognize the circumstances or events that are likely to trigger stress reactions and provides information and tips on how to deal most effectively with the challenges they present.

Recommended in conjunction with In the Grip booklet and accompanying coaching process, particularly during preparation and settling in phase of international relocation.

Sample Manuals:

(Providing information about all 16 Types)

Introduction to Type and Career

Written by Allen L. Hammer, the updated Introduction to Type® and Careers booklet provides interactive exercises and realistic descriptions to explore personality type and career matching. The guide also provides tips on goal setting and decision making, and lists potential obstacles in the career development process for all 16 MBTI types.

Recommended in conjunction with the MBTI(r) Career Report.

Sample content provided by www.cpp.com

Introduction to Type and Communication

Written by Donna Dunning, the Introduction to Type and Communication booklet provides a concise overview of communication skills and strategies, practical tips for communicating with others, and developmental tips for each of the 16 MBTI® types, as well as an introduction to differences in communication styles.

Recommended in conjunction with MBTI(r) and Communication Report, as well as cross-cultural training, particularly during international relocation.

Sample content provided by www.cpp.com.

Introduction to Type and Emotional Intelligence

Written by Roger R. Pearman, this new Introduction to Type and Emotional Intelligence booklet explores the connections between personality and EQ, and provides specific actions for EQ development for each of the 16 types. Emotional intelligence (EQ) is a term used to describe a person's ability to control impulses, show empathy, and persist in the face of obstacles with resilience and flexibility. Developing EQ can enhance leadership ability, enrich relationships, and extend influence.

Recommended in conjunction with coaching throughout international relocation.

Sample content provided by www.cpp.com

Introduction to Type and Teams

Written by Elizabeth Hirsh, Katherine W. Hirsh, and Sandra Krebs Hirsh, this second edition Introduction to Type® and Teams helps individuals understand how their MBTI® results relate to their contributions on a team. It features new descriptions of the eight Jungian preferences and their effects at work, along with an in-depth exploration of six issues at the core of every successful organization: communication, team culture, leadership, change, problem solving/conflict resolution, and stress.

Recommended exclusively in conjunction with a team workshop.

Sample content provided by www.cpp.com

Introduction to Type and Leadership

Written by Sharon Lebovitz Richmond, the Introduction to Type® and Leadership booklet helps leaders to identify individual leadership potential and create a plan tailored to specific leadership challenges while staying true to each leader's true nature.

It focuses on the three main activities of leaders:

  • Setting direction for an organization
  • Inspiring others to work toward that direction
  • Mobilizing the effective accomplishment of goals

Recommended in conjunction with follow-up coaching, as well as cross-cultural training particularly for leaders relocating internationally.

Sample content provided by www.cpp.com.

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What is an MBTI?

Have you been encouraged to take the MBTI for your work or university? Perhaps a friend suggested you use your MBTI to help you with personal development. MBTI stands for Myers-Briggs Type Indicator, and is a questionnaire that helps determine your personality type preferences. Realizing the impact awareness of Jung's type theory could have on mankind, Katherine Cook Briggs and her daughter Isabel Briggs Myers developed a questionnaire that has been tested for validity and reliability since the 1940s. The MBTI® today is available in over 30 languages and is the world's most trusted personality type assessment. Guidelines of ethical use require the results to be facilitated by a certified professional.

The Step I questionnaire comprises 93 items, resulting in a four-letter Type out of a possible 16 combinations.

Step II questionnaire comprises 144 items, resulting in a four-letter Type out of a possible 16 combinations, as well as providing insights into five different facets on all attitudes and functions for how each person may differ from another of the same Type.

Please note:

The tool is not theory:

Your psychological type is more than a four-letter choice between two options. Your type is dynamic, there is a hierarchy to your functions, and the patterns described by your whole, best-fit type are much richer than what you see at first glance. Therefore, there is no "boxing in" of people, rather the MBTI offers a short-hand explanation of your preferences.

The tool has specific purpose:

MBTI results offer tremendous insight into how you approach life and work, and how you might structure your personal and professional development path. It is not suitable for personnel recruitment or match-making.

Don't force your answers:

If you think one side "sounds better", ask your facilitator to explain the Jungian meaning. For example, Thinking does not mean cold or unfeeling, and Perceiving is not the same as procrastinating.

Careful about "typing" others:

People are complex, and just because they behave one way at work does not mean what you see (i.e. what they show you) is their actual personality type preference. Perhaps they have just learned and adapted to the requirements of the job. We all have access to all functions at all times, it's the order in which we prefer them that gives insight into our patterns.

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