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IMAGINE
you're enjoying dinner with Bill Gates, Martha Stewart, Donald Trump and
Michael Dell; and each of them share with you what they believe are the keys to
creating and building wealth! By the
end of the evening you'd be totally confused, and here's why?
Each of these world class
entrepreneurs share their strategies which clearly work, - but they're all
completely different - some may even oppose and contradict each other. To make
sense of it all, there's one thing you need to know...
Their strategies work FOR
THEM because of who they are, NOT because of what they do, and those strategies
continue to work for them because they're in, what we call "FLOW".
If what you're doing to build wealth seems stressful or
hard work, then you're not in your "Flow" and you're probably doing the wrong
thing. How you feel is the very best guide to help you know whether you're on
the right path, but do you really have to go through a series of "wrong things"
to discover the "right things" for you to be doing? Absolutely not.
How to Find the Right Path for You
The process to discover the best path for you to follow is
easier than you think when you consider two things: The Equation for Wealth,
and Your Personality. ALL great wealth has been created in one of eight
ways, defined by how we create wealth and leverage it.
Equation for Wealth
Wealth = Value x
Leverage
Wealth has two components - Value and Leverage! There are
two sources of Value (Timing and Innovation), and two ways to leverage
(Magnifying and Multiplying), and depending on who you are, you'll find some
ways of creating value and leveraging it, it will come easier to you than
others. As an example - if you're a head in the clouds, sensory kind of person
- timing won't come naturally to you, but innovation will. If you're a fly by
the seat of your pants kind of person, then you're better off trying to leverage
by magnifying rather than multiplying, as multiplying is more likely to require
following systems and processes which you'll find don't come naturally to you.
Six years ago a system was developed by overlaying the
wisdom of the I Ching, energy frequencies, and modern day psychometric testing;
with extensive study of successful wealth creators and their strategies for
success. The result was a systematic way to identify which of the eight "games
of wealth" fits best with your personality (Wealth Profile), and the equivalent
of a "manual" which explains how to play "your game" (Wealth Dynamics).
With this understanding, you'd find it easier to navigate
your way through what you learn while out to dinner with Bill, Martha, Donald
and Michael. If you try to take bits and pieces of wisdom and strategies from
each of them, your chances of creating wealth are slim. Compare this approach
with identifying which entrepreneurial whizzes share the same wealth profile or
personality as you, and gaining a thorough understanding of how they play their
"game of wealth" - the same one you should be playing. This doesn't suggest
that you should do exactly what they do, or enter the industry they're in, but
it does suggest you need to learn the rules of the game.
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"The key to wealth creation
is knowing which ONE game of wealth to play, and mastering how to play that
game." Roger Hamilton
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Eight Games of Wealth: Eight Wealth
Profiles
There are eight different wealth creation games you can
choose to play, and when you know your wealth profile, you'll know which game
to choose. Here's a very brief explanation of each of the profiles.
Creator... Creators are big
picture thinkers with an awesome ability to get things started, although they
tend to be shocking when it comes to finishing things. Their drive and
momentum can be exhausting for others around them, and they themselves very
rarely know how to use their drive and intuition to maximum effect. It's common
for a creator to flit from one project or opportunity to the next...without ever
benefiting from the fruit of their efforts. Examples of successful creators
include Bill Gates, Larry Ellison and Richard Branson.
Star... Stars are aware of the
strength of their personality, and often use it to their advantage without
realizing the negative impact it can have on those around them. As a star
increases their ability to shine, they can often get burnt out with extreme
demands on their time. Increased success frequently means greater stress, and
an inability to capitalize on their stardom in a sustainable way. Examples of
Stars who have found their natural path include Martha Stewart and Anthony
Robbins.
Supporter... Supporters have
strong interpersonal skills and are great at building relationships but
generally poor at knowing how to use their ability to create sustainable wealth
in a way that's fun for them. They have little or no affinity for systems so it
is easy for the value they create to be lost. Examples of supporters who have
discovered the secrets to their profile are Rudolph Giuliani and Jack Welch.
Dealmaker... Dealmakers are naturally great communicators, influencers
and negotiators with a great sense of timing. They may not understand their
limits or how to best capitalize on their unique abilities, and may not believe
deal making to be a credible way to build wealth. Examples of successful
dealmakers are Donald Trump and Rupert Murdoch.
Trader... Many people see themselves as traders, possibly as a
result of the increased profile of online, retail and options trading. In
reality, most people aren't traders; which partially explains why most who try
these things, lose their money. Their strength of operating at point blank
range is also their weakness as they rarely plan ahead. George Soros has
achieved great wealth through following his natural path as a trader without
deviating.
Accumulator... The accumulator is the safest profile, and relies on a
system to achieve incremental wealth growth. Many wealth seekers choose this
approach but as it is also the slowest, they get itchy feet and move on before
they achieve the success they hoped for. Many see accumulators as indecisive
and procrastinators and they often go unnoticed. Warren Buffet is possibly the
world's most well known accumulator.
Lord... Lords look at the entrepreneurs and stars of this world
and wonder why on earth they would ever want to do what they do. Lords are
rarely seen, yet rolling in cash, and often in control of natural resources and
man made structures. They act slowly and certainly, which frustrates many
around them, and inevitably these characteristics may be the source of many of
their challenges when it comes to wealth creation. John D Rockefeller and J
Paul Getty are two successful and well known Lords.
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"Through our flow we have the opportunity to create a
lasting fortune. Through our legacy we can transcend time. We each choose
whether our lives will be a cosmic spark, or a cosmic sparkle." ("Your Life Your Legacy" by Roger
Hamilton)
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Mechanic... A mechanic has the ability to control and manage people
without necessarily having any charismatic leadership qualities. Mechanics
endure and tend to rely on duplication and replication, and love to challenge
the status quo. Mechanics may get caught up in the detail, at the expense of
the big picture. Successful mechanics include Ray Kroc and Sam Walton.
For each of these eight profiles there are
certain ways to:
1. Build
a wealth foundation
2. Maximize critical moments of wealth creation
3. Identify the value creation activities that are most important to
you
4. Establish what value you need to own, and how to secure it.
5. Leverage the value you create.
6. Secure your cash flow
7. Attract and develop your wealth network
8. Measure your success and key performance indicators
9. Ask questions
10. Lead and work with other key people
11. Develop and maintain effective operating environments
12. Look at opportunities - vision
13. Tap into
and take advantage of industry and business cycles
The great news is that once you
know your wealth profile, you know exactly what you need to learn more about,
who you should listen to, and what you need to focus on. More importantly, you
know what you can and should ignore, and what you should say "NO" to.
"Your Path:
Your Purpose"
The universe is in constant
flux, and we have the opportunity to live in resonance with this flux by
understanding it, or to be in a constant battle against it. Much as a great surfer picks the right wave
not by riding the wave, but by reading the ocean. When we live in
resonance with it, we are in the "zone", in our "FLOW". When we are in the zone
or flow, we move forward effortlessly. When we're doing what comes most
naturally to us, we can achieve so much more. Time appears to stand still, and
more can be achieved in less time with less effort.
Wealth Dynamics and Wealth Profiling is your
guide to tapping into your flow to achieve lasting success and wealth, but
there's another ingredient that's necessary if you want to "LIVE IN THE FLOW",
- purpose!
Lisa McCarthy, Managing Agent,
Achievers Intl Ltd has fifteen years Management and Marketing experience and is
currently an entrepreneur and Corporate Coach.
Issue BG71 Feb07
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