Wealth Dynamics is centered on the fact that there are only eight real paths to true wealth. Have you ever wondered why you get completely different philosophies and strategies (sometimes contradicting) from highly successful people?
The reason is because there are actually eight different wealth profiles that we all fit into: Creator, Star, Supporter, Deal Maker, Accumulator, Trader, Lord and Mechanic.
The Wealth Dynamics Square
Before I go into the profiles themselves, I want to touch on the wealth dynamics square…the basis of which the profiles are created from. The wealth dynamics square is made up of a top and a bottom side, which covers how we THINK. We also have a left and right side, which covers how we ACT.
-Topside: Intuitive (head in the clouds) Thinking
-Value is created through: Innovation
-Bottom: Sensory (ear to the ground) Thinking
-Value is created through: Timing
-Left side: Introvert (Multiplying) Action
-Value is leveraged through: Systems
-Right side: Extrovert (Magnifying) Action
-Value is leveraged through: Relationships
Wealth Dynamics-The Eight Wealth Profiles
The Creator-Build innovative products
Examples: Steve Jobs, Walt Disney, Richard Branson
The Star-Builds influential brand
Examples: Oprah, Paul Newman, Bill Clinton
The Supporter-Builds high performance teams
Examples: Steve Ballmer, Jack Welch
The Deal Maker-Brings deals together
Examples: Donald Trump, Rupert Murdoch
The Trader-Buys and sells commodities
Examples: George Soros
The Accumulator-Buys and holds assets
Examples: Warren Buffet, Paul Allen
The Lord-Controlling cashflow producing assets
Examples: J. Paul Getty, Lakshmi Mital, Ingavar Kamprad
The Mechanic-Creating a duplicating system
Examples: Michael Dell, Ray Krock
Wealth Dynamics-Benefit of Knowing Your Wealth Profile
As an entrepreneur it is important to know which profile you fall under. If you don’t know, you may be ‘out of flow,’ with your wealth. I’m certain that if there is some blockage or you have hit a plateau in your wealth-building, it is because you are working against your natural ability to obtain wealth. The benefits of knowing your profile are:
-Save time and money by focusing on your strengths and outsourcing your weaknesses.
-Wealth-building is a team sport. Knowing what position you play will attract the right players you need for your ‘power team.’
-You will find your path of LEAST RESISTANCE by minimizing distractions. You will know what to say NO to, and not feel guilty about it.
-Knowing your profile will help you to identify others who have the same profile as well. The value you offer is more targeted and your audience will feel more connected to you.
So stop ‘trying’ so hard to create wealth! If it feels like hard work, you’re already doing something wrong. Even if you are in flow, you will come across challenges…but if you maximize your strengths, you will have endless energy to take on whatever challenges that come your way!
P.S.-As an entrepreneur, the fastest way to find your flow is to know your wealth profile. Play the game you were meant to play.