This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

How Extreme Perfectionists Sabotage Themselves

NEW YORK ( TheStreet) -- Are you an extreme perfectionist?

Too bad for you, as the constant drive to succeed, and perfectly so, will only make you miserable, according to data from Queendom.com, an interactive website for self-exploration.

The study of 1,206 Canadians reveals something perfectionists probably already know: There really is no such thing as perfectionism, although the chase for it is certainly real enough.

"Perfectionists can appreciate, with a certain sense of bitterness, the fruitless toils of Sisyphus," the study notes. "Struggle as they might to be perfect, they just never manage to attain this lofty goal. This isn't to say that working hard has little value. Doing your best is one thing -- trying to be perfect is a whole other mess."

Queendom asked the study participants to take the firm's online perfectionism test (you can take the test for yourself here), and bundled the responses into three groups: extreme, moderate and low perfectionists.

The survey draws an interesting conclusion from the three groups. While the strive for perfection does produce better results, it doesn't make those strivers any happier. In fact, the happiest and better adjusted of the three groups were those "low perfectionists."

Even in academia the benefits of extreme perfectionism don't stand out as much as one might expect:

  • 30% of extreme perfectionists had straight-A grades in school, 42% had good grades (a mix of A and B marks), and 28% had average grades.
  • 27% of moderate perfectionists had straight-A grades in school, 44% had good grades and 30% had average grades.
  • 21% of low perfectionists had straight-A grades in school, 39% had good grades and 40% had average grades.

And in the so-called real-world, the Queendom study notes that 67% of extreme perfectionists have blown a work deadline because their work wasn't "perfect enough." Extreme perfectionists were rated the worst of all three groups in terms of work performance.

On the plus side, they have higher self esteem than low and moderate perfectionists, although also being much more likely to suffer from anxiety and depression.

"The implication here isn't that working hard and trying your best is pointless or unhealthy," says Ilona Jerabek, president of Queendom, a subsidiary of PsychTests AIM. "In many cases, perfectionists will produce better quality projects, but it can come at a cost. The bottom line is that while low perfectionists may not always be the top performers, they don't fear failure, they learn from but don't make a big deal of mistakes and they don't make being the best their top priority. And as a result, they are happy with themselves and have better self-esteem."

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs