How Your DISC Personality Affects Your Spending Habits

How Your DISC Personality Affects Your Spending Habits

The DISC personality assessment shows us that there are four main quadrants or variants of personality, consisting of Dominance, Influence, Steadiness and Conscientiousness. Which category do you fall under? More importantly, how does your DISC personality affect your spending habits?

The four main DISC personality types stem between two dichotomies: Active or Passive, and Task-Oriented or People-Oriented. When combined in different ways, you get a person who responds drastically differently to a particular conversation, assignment, task, environment, or anything else.

A research white paper done by Bill J. Bonnstetter, Dave Bonnstetter and Ron Bonnstetter, PhD examines 10 different countries and their DISC profile makeup. The following chart conveys how the United States DISC profiles have changed over the last 20 years.

United States DISC Profiles Over Last 20 Years

Though it may seem shallow and superficial to categorize all human beings into only 4 categories, it really is remarkable how the combination of nature and nurture effectively influences your overall behavior.

It’s also important to remember that the DISC personality is not meant to judge, but it is intended to be utilized as a useful tool to help you deal and work with others that may or may not have the same personality as oneself.

Let’s take a look at each personality style and how it affects your spending habits.

Dominance (D)

The D-personality type characterizes people who are Direct, Decisive, and Determined.

They are both Active and Task-Oriented.

D-types ask the “what” questions, “What is the bottom line?” or ” What is in it for me?”

Those with the D (Captain) personality type, also known as Type A personality, tend to be assertive, intense, and ambitious. They are usually pragmatic, results-oriented executors who work quickly and make decisions with firmness and objectivity. With a position on the top left of the DISC, Captains prefer more independence and may be drained when others expect them to be more collaborative.

The D-type of person is most concerned with deadlines. These natural born leaders are afraid of running out of time. It’s very important for them to feel like they are in control to get things done.

Core Belief: I’m valuable if I can produce.

Here are some examples of famous celebrities with the Dominance (D) personality:

  • Barbara Walters
  • Beyoncé
  • Charlize Theron
  • Donald Trump
  • Franklin D. Roosevelt
  • Gordon Ramsay
  • Helen Mirren
  • Hillary Clinton
  • Jerry Seinfeld
  • Kamala Harris
  • Mark Cuban
  • Michael Jordan
  • Robert De Niro
  • Salma Hayek
  • Tiger Woods

Money Strengths: Dominant people love to take action. When you shop, you get things done efficiently. In-and-out. That’s also a great trait to have when others are fearful, let’s say, during a market correction. You’re not afraid to pull the trigger on buying an equity on-sale.

Money Improvement Plan of Action: You can be impulsive at times. Take a step back and take notes from observing your C-type counterparts. Do more research before blindly diving into investments you don’t fully understand. Take a breather and plan out a detailed budget. Once you lay the groundwork, you are ready to continue your “Go-Go-Go” attitude!

Influence (I)

The I-personality type characterizes people who are Interactive, Imaginative, and Involved.

They are both Active and People-Oriented.

I-types ask the “who” questions, “Who is at the meeting?” or ” Who else uses this?”

People with the I (Motivator) personality type tend to be enthusiastic, cheerful, and outgoing. They typically have an easy, relaxed, casual manner when speaking or interacting with others.

The biggest fear of each group can indicate a lot about that person. For example, the I-style’s biggest fear is rejection. It’s sort of an irrational fear because in many ways, the social butterfly I’s are the life of the party that bring a positive mood to the group or party.

Core Belief: I’m valuable if I can attract people.

Here are some examples of famous celebrities with the Influence (I) personality:

  • Bill Clinton
  • Britney Spears
  • Dick Van Dyke
  • Ellen DeGeneres
  • Elton John
  • Gene Wilder
  • Jack Black
  • Jeff Bridges
  • Jim Carey
  • John F. Kennedy
  • Justin Bieber
  • Taylor Swift
  • Robin Williams
  • Will Smith
  • Whoopi Goldberg

Money Strengths: Shopping is often a social activity for you. The positive spin here is that you know you’ll be making purchases you feel good about because you’ll have the affirmations of your friends, family, or significant other.

Money Improvement Plan of Action: Although, the 30% off deal on shoes may make you feel warm and fuzzy internally, you tend to go overboard and discover as many deals as you possibly can. Keep shopping a social event but bring a friend to hold you accountable to a limited number of purchases. Then, you will have leftover money to spend on other social activities that bring you joy, like a family-style dinner or even going out for a night on the town.

Steadiness (S)

The S-personality type characterizes people who are Sympathetic, Stable, and Sweet.

They are both Passive and People-Oriented.

S-types ask the “how” questions – “How are we going to do this?” or “How does this impact us?”

People with the S (Supporter) personality type tend to be calm, patient and respectful in their interactions with others. Rarely angered or excited, they are likely to work to maintain a peaceful and harmonious environment.

S-styles greatest fears are conflict and instability. In fact, S-styles worry about inconveniencing others or being a burden. Stability is important to S-style so it’s imperative to give them what they want. Contrary to how the S-personality thinks, conflict can be productive and healthy when working through prevalent issues.

Core Belief: I’m valuable if I can help others.

Here are some examples of famous celebrities with the Steadiness (S) personality:

  • David Beckham
  • Halle Berry
  • Jimmy Carter
  • Julia Roberts
  • Lana Del Ray
  • Mahatma Gandhi
  • Michael J. Fox
  • Mother Teresa
  • Mr. Rogers
  • Nancy Reagan
  • Nelson Mandela
  • Nicole Kidman
  • Tom Hanks
  • Stevie Wonder
  • Susan Lucci

Money Strengths: You live and die by the motto “If it ain’t broke, don’t fix it”. This is a great money-saving mindset when it comes to everyday consumer goods. Many highly regarded brands also reward these types of loyal customers with discounts and other types of dependable deals. The S-types are also aware that wealth building takes consistency – you invest periodically in the income producing assets, even when things get hectic and markets may be uncertain.

Money Improvement Plan of Action: Change can be hard for you. Although you like to stick to your guns, it can be advantageous to take the road less traveled sometimes. Look outside your comfort zones for other creative ways to invest and reduce your liabilities. And don’t be afraid to buy a new tube of toothpaste; no one should be putting in that much effort to squeeze out the last drop.

Conscientiousness (C)

The C-personality type characterizes people who are Calculating, Competent, and Cautious.

They are both Passive and Task-Oriented.

C-types ask the “why” questions – “Why does it work this way?” or ” Why is this step needed?”

Conscientiousness is the personality trait of being careful, or diligent. Conscientiousness implies a desire to do a task well, and to take obligations to others seriously. Conscientious people tend to be efficient and organized as opposed to easy-going and disorderly.

People with the C-personality type tend to be objective, skeptical, and logical in their behavior. They are usually fiercely pragmatic and frequently solve problems with an analytical, fact-driven approach. They are likely to be more reserved in groups and may take a long time before they build enough trust to open up.

A C-style person’s greatest fears are ambiguity and criticism. C’s are the biggest critics of their own work as they are often perfectionists. He or she always needs more time to perfect his or her craft. Make sure not to rush these C-types, as this is often their biggest pet peeve. Sometimes, it is necessary to constrain their time otherwise they may be working endless until the end of time. Prevent any distractions that may impede their ability to accomplish the desired task.

Core Belief: I’m valuable if I am competent.

Here are some examples of famous celebrities with the Conscientiousness (C) personality:

  • Al Gore
  • Alan Greenspan
  • Albert Einstein
  • Bill Gates
  • Diane Sawyer
  • Isaac Newton
  • J.K. Rowling
  • Jodie Foster
  • Kevin Costner
  • Mark Zuckerberg
  • Michelle Rodriguez
  • Richard Nixon
  • Tim Burton
  • Tom Brokaw
  • Warren Buffett

Money Strengths: You are thorough and careful, which helps to avoid falling for any get-rich-quick schemes. If there’s a stock you’re interested in, you’ve kept a watchful eye on the equity for countless days and have conducted all the research you possibly can conduct to minimize risk. You meticulously weigh the pros and cons before making any purchases.

Money Improvement Plan of Action: Your hesitance and precaution may be a downfall that leads to analysis paralysis. You may have missed a few once-in-a-lifetime shopping deals or stocks at an all-time low price because you were not 100% certain at the moment. While these regrets may haunt you, fret not as you can still adapt to be more decisive in the future. You always think you need more time to analyze the good and the bad. The truth is that there never is a truly “right time”. Don’t get caught up in the details; Carpe diem and chase your fiscal goals without delay!

 

How Do Personalities Differ at Work Infographic DISC Personality Spending Habits

From the above infographic, C-Suite employees have predominantly the same style personalities regardless of their country of origin. CEO’s and CFO’s in many different companies had D as their dominant personality style. Findings in the U.S. yielded similar results.

Albeit, D’s may be more geared to climb the corporate ladder, but every personality style has the capacity for excellent leadership. Moreover, every personality style lends itself to a different, but equally beneficial, leadership style.

COVID Effect on DISC Personality

The COVID-19 global pandemic is affecting every person differently. It can help to realize how you are handling the consequences.

For instance, an analytical C-style person may want to dive into the precise numbers and daily updated stats of the virus.

On the other hand, the I-style person may feel neglected and miserable from lack of social interaction with friends and loved ones.

Maybe the D-style person is demanding too much from his or her spouse and has too high of expectations of his or her kids to complete all of their schoolwork in a timely manner.

Finally, the S-style individual may have taken on a workload they can’t possibly handle, but will suffer in silence because they want to please everyone around them. 

Everyone has unique reactions to problems and issues they encounter day in and day out. It’s important to realize how we can help each other cope with the pandemic ramifications.

DISC Personality Interaction

As you would expect, the opposite personalities clash the most (i.e. D’s clash with S’s while I’s clash with C’s.)

Unsurprisingly, adjacent personalities get along more (D’s with I’s and C’s, I’s with S’s and D’s, S’s with I’s and C’s, C’s with S’s and D’s).

No matter how unique our parents or teachers tell us we are, each one of us can be categorized into four categories. At times, we may wander from one quadrant to the other depending on the situation or location (i.e. at work vs. at home), but our fundamental personalities are predominately anchored to one of the DISC letters.

Having the DISC personality information at your disposal allows you to effectively interact with different types of people as well as you possibly can. Once you can understand personalities, you can begin to depersonalize behaviors and realize a person is acting predictably based on the situation he or she is presented with.

As a result, one may decrease frustration, miscommunication, and error in judgement. This allows you to have more empathy and to improve relationships with friends, family, colleagues, and even strangers.

Where Does Your DISC Personality Fit In?

If you want to find out what DISC personality you have, feel free to take a free 5 minute DISC test right here (No email address or personal data required).

The test only consists of 28 groups of four statements.

For each group of four descriptions, you should have one most like you and only one least like you. Very simple and fun!

Which DISC Personality style are you? Let me know in the comments below.

December Side Income Report | 2020

December 2020 Side Income

Welcome to the 2020 December Side Income Report. Congrats, if you’re reading this, you’ve made it to the end of 2020!

Let’s start this post with the obligatory caveat:

FLA’s side hustle income reports are not for the purpose of bragging. This side income amount of money is by no means impressive. The sole purpose of this series is to inspire you to create diversified income streams in order to help you achieve your financial goals faster.

I began this tumultuous F.I.R.E. (Financial Independence – Retire Early) journey almost immediately after graduating from college and shortly realizing it is never ideal to work for someone other than yourself.

After withdrawing from the corporate world, I plan to fully indulge in my mission of helping 10 million people with their own path to financial freedom. I’ve discovered a wonderful community of people with shared mindsets. So I’m currently on a journey to see if we can turn FLA into a little business that supports the mission.

The reason I’ve decided to publish these income reports is because I want you to be a part of the journey.

After aggressively saving 70%+ of my annual income year after year, I’m approximately 25% of the way to retirement with 10 years to go. I’m aware that side hustles may never fully support one’s expenses, but I’m willing to try.

At the very minimum of making $1/month (what one may consider failure), I am ecstatic as I realize this can be considered supplemental income that will be able to be reinvested into this blog to enhance your reading experience on FLA.

Through my arduous journey, I’ve learned to focus on the future value of money. One dollar to you may look like a standard George Washington-faced bill, but to me, I see its potential.  Accounting for 3% inflation, investing that dollar could return 5 times its original value in 25 years. Yes, that’s like putting $1 into an ATM and having it return a $5 bill back to you. How amazing is compound interest?! Hypothetically, you can increase that principal amount, and you’ve got yourself some unbelievable returns.

My hope with these income reports is ultimately to present some transparency for you. By showing it doesn’t take much effort to earn and save, I may motivate you to chase one of your biggest dreams. Dreams may originally sound outlandish, but they all need to start somewhere, right? Without further ado, here is FLA’s December 2020 Side Income Report.

 

DECEMBER SIDE INCOME REPORT

The best way to make money is to have various streams of revenue. The best way to protect yourself in the course of ill-fated events stripping you of some of your main sources of income is to diversify.

We have all heard the pragmatic advice of “Don’t put all of your eggs in one basket.” Well, put this theory into practice. The following is my best attempt to develop additional sources of income. Below are the six ways I attempted to make money from my side hustles in the month of December.

 

 

Stocks are my absolute favorite money making assets. Your money can make money for you with the click of a ‘buy’ button! Sure, there are ups and downs in the stock market, but if you look historically at the S&P 500 Index or the Dow Jones Industrial Average, your investment generally grows over the long term. Remember, investing and gambling are not the same thing.

“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”

-Warren Buffett, American Investor/Business Tycoon/Philanthropist/Chairman and CEO of Berkshire Hathaway

Investors and analysts may contend that conducting research on which stock to buy may be active work, but it is a generally held credence that dividends are passive income.

What are dividends?

Simply, they are distribution of some of a company’s earnings to a class of its shareholders. In this case, you are the shareholder. Yes, I know it’s hard to believe, but the company you invest in will reward you with bonus money!

Let’s take a look at the aftermath of the stocks that paid out dividends this month:

December 2020 Stock Dividends

Which stocks have I invested in? I have a few individual stock picks, but the finance community knows this is often a loser’s game. I mainly hold VTI, the Vanguard Total Stock Market Index Fund, which allows you to be diversified and capture 3,525 different stocks with a minimal expense ratio, or annual fee, of 0.03%. Index funds will often take you to the promised land in the long run.

Typically, you have 2 choices with dividends. You can either accept the dividend as cold hard cash or you can choose to reinvest the money back into the same stock automatically. It’s as simple as clicking the ‘yes’ button when prompted with the question on whether or not to re-invest dividends.

I strongly recommend you to reinvest your dividends and capital gains. Why? Well, look at this way: you didn’t have the earned dividend money to begin with. Do you really need it at this moment? Why not let your additional money grow even more? Open up an investment account and enjoy the magic of compounding interest by increasing your principal investment.

December Side Income – Stock Dividends / Interest Total: $220.27

 

In my free time, I participate in paid surveys. It’s one of my other sources of income. The surveys are mindless and allow you to temporarily escape from life’s struggles and reality. Oftentimes, you have a chance to play your part in society and provide meaningful feedback on hot topics that may be decided by top companies and government officials.

The 3 survey programs I use daily are:

  1. Prolific
  2. Pinecone Research
  3. YouGov

I strongly recommend any of these three survey websites because of the higher payouts. Our time on this planet is valuable. Always consider how much time you are trading for money.

Prolific

Prolific seems to have the highest quantity of surveys available. Each survey also previews an hourly rate to the user. This significantly helps in determining if the survey is worth your time. I’ve seen them range from $3/hour all the way up to $30/hour, but on average are $8/hour.

Pinecone Research

Pinecone Research surveys always reward you with $3 for every survey. Since each survey is typically around 10 minutes long, the site has a pretty standard hourly rate of $12/hour. However, the frequency of surveys is much less than Prolific.

YouGov

Finally, YouGov’s typical survey lasts for 10 minutes and will pay out $1.50, translating to an hourly rate of $6/hr. Even though it is the lowest payout, it still helps to have supplemental income. Again, always consider the balance between time and money.

YouGov is an eclectic group of the media, nonprofits and companies that congregate to find out what the world thinks. YouGov happens to be one of the most-quoted data sources in the US and across the world.

Prolific, Pinecone Research, and YouGov offer all kinds of rewards, but I normally recommend cash payout via PayPal. The transfer is usually instantaneous. Prolific does pay out in GBP, but the money is translated to USD when conducting a bank transfer in PayPal.

In fact, Prolific does not have a minimum payout, Pinecone’s minimum payout is $5, and YouGov’s minimum cash payout is $50, albeit YouGov offers the option of a $15 Amazon gift card.

December 2020 Side Income Survey Earnings

Pinecone Research December 2020 Side Income

Prolific December 2020 Side Income Cash Out

Prolific December 2020 Side Income Transfer

December Side Income – Surveys Total: $95.99

 

An additional passive income stream is selling your old goods or unused consumer products. Simply list your items with competitive pricing on Amazon and/or eBay, sit back, and let the buyers make you offers.

I often notice friends, family, and even co-workers constantly looking to throw out items that are still in perfectly good condition; it drives me nuts! Why not let someone bid on the product? Worst case will be that it doesn’t sell, and then you can throw out the item. No harm, no foul.

At the very least, donate your stuff. I typically enjoy donating old apparel to the Salvation Army and other charities. It always feels good to know your treasured clothing is not going to waste.

This month, I was fortunate enough for a stranger to bite on 1 item of my personal inventory I was looking to discard. After fees and small shipping costs, I still walk away with a hefty profit:

eBay Side Income December 6 2020

eBay Side Income December 14 2020

eBay Side Income December 15 2020

eBay Side Income December 18 2020

December Side Income – Selling Total: $195.05

 

As a blogger, I would like to keep the user experience as clean as possible. Therefore, I have chosen to keep all Google AdSense ads from my website. I am an avid reader of many other blogs, and I can truthfully admit it retracts from the reading experience. I am very proud of this decision and will continue with this route.

December Side Income – Google AdSense Revenue: $0

 

I published my first eBook titled “How I Launched, Marketed, and Promoted a High-Traffic Blog in Under 15 Days” at the beginning of December . I only promoted the book as part of the launch, but several people found their way to the sales page. Again, this is a learning process to convert the views into actual sales. As Robert Kiyosaki alludes to in his book Rich Dad, Poor Dad, it’s all about being a best-selling author, not a best-writing author. There is a subtle yet significant difference.

December Side Income – eBook Blog Startup Manual Sales: $0

 

Who would’ve ever thought that spending money would actually earn you money? Well, with cash-back credit cards, now it’s certainly possible. With my Capital One Venture Card, I can now make this dream a reality.

Depending on the card you have, you’ll score 1-2 miles with every dollar you spend. Capital One Miles can be used in a variety of ways, and are generally worth between half a cent and one cent apiece.

Earn 50,000 bonus miles (equivalent to $500) once you spend $3,000 on purchases within the first 3 months from account opening.

This month I was able to keep my spending down due to the ongoing Covid-19 pandemic that limits the amount of time spent outside the house, thus limiting the amount of opportunities to throw away those hard earned paychecks.

Capital One Credit Cash Reward Cash Back December Side Income 2020

After looking at my monthly expense report, I saw that I earned 3,270 miles, which is equivalent to $32.70.

December Side Income – Capital One Credit Card Cash-Back Rewards – $32.70

 

Well, that’s it for this month’s side income report! Hope you all had a safe and happy holiday season. Happy New Year! May 2021 bring you all good health and happiness.

In 2020, I was able to max out my Roth IRA and 401k – I highly recommend you do the same in 2021 if you have the option!

Although I continue to practice dollar cost averaging via my employer’s 401k, I will wait for some correction or downturn in the stock market before investing any more cash in my taxable brokerage account. Patience is a virtue!

Despite there being a global pandemic, the stock market performed better than average in 2020, thanks to global stimulus packages, a COVID vaccine, and some other promising factors that helped out the average investor’s portfolio. This is just even more confirmation that no one can predict how the stock market will perform, not even Wall Street.

Thank you for taking the time to read through my latest December income report and thank you for contributing if you have previously purchased something through one of my affiliate links!

If you wish to support this site, but don’t have a need for any of FLA’s affiliate products, you could simply do your regular Amazon shopping through any of the links on this site that lead to Amazon.com. You won’t pay any extra and FLA will receive a small commission. Thanks so much if you do so!

That’s a wrap for this income report and this year! I am looking forward to earning more money on the side in the future. Stay hustlin’, my friends!

Total December Side Income: $544.01

 

2020 Monthly Average Side Income: $375.24

2020 Side Income Grand Total: $4,502.93

 

How were your holidays and how was your year of hustling? Let me know in the comments below.

 

Editorial Note – Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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