According to wealth dynamics, all of us are good at 8 different types of games that will lead us to wealth. Like soccer, it is a rule that each team only fields in 11 players minus the reserves. Like badminton, it is a rule that your shuttle must land at your opponent's territory and has to be over the net, in order to score. As with all games, they have their own rules. The simplest rule of attaining wealth is to actually play well in only 1 out of the 8 different wealth games. So which game are you actually good at, let's find out:
1. The Game of Creation
People like Bill Gates, Thomas Edison and Pablo Picasso attain their wealth through creations. Gates created the Microsoft Windows software; Edison invented the modern light bulb while Picasso painted his famous avant-garde cubism artworks. These people cannot resist creating new things and the blood of creativity flows deep in their veins. That is why the world always respects innovative breakthroughs.
2. The Game of Magnetism
Why that kid who is in your high school back then, seem to be so popular with the girls? Is it because of his looks? His talent or is it that wide cute grin of his that melts the hearts of the girls? Some people are just naturally more attractive in a number of ways. You may wonder why teen idols whose acting skills and talents are still fledging and yet they are able to swoon thousands and millions of fans. It is really because of the image, branding and perception. That is why when Michael Jackson is performing his signature moonwalk, the thousands in the audience screamed and cheered as if they just witness an act of miracle.
3. The Game of Nurture
Have you ever come across someone whom you can rely on personally to give you listening ear and attention you need. This person is so encouraging and supportive that you feel so relieved even when you have made a big mess? When Jack Welch first steps into General Electric (GE) as the CEO, GE was actually an ominous shadow that had many bureaucratic red-tapes. The company was doing well then but it had a very negative culture that stifles talents and the possibilities of milestones. That is why GE was able to nurture more than 100 CEOs that went on to lead Fortune 100 companies during Welch's tenure.
4. The Game of Dealing
There is a big difference between a counselor and dealer. Both are fantastic with people. However a counselor is better in bringing the best out of the person while the dealer is better in making the person buy the best deal. Donald Trump is known for being a hard nut to crack during his business deals. But he always brings the best deals out of nowhere. That is why when Trump was in deep in the red during the late 1980s, the banks are still willing to loan him capital to make more deals.
5. The Game of Trading
Do you have a very reliable broker? Does he always tell you to be on time? Does he usually refuse to gives you the answer that you want so badly? You probably pester him about when the market goes up so that you can buy or when the market goes down so you must sell. Does he always seem to say the right things that you can rely on? While banks and institutions are bleeding badly from a great loss of funds, George Soros single-handedly beat the market and made millions in a single calculated masterful stroke. That is why people always say time and tide waits for no man because the window of opportunity closes with time and the door to disaster may just open after the window is shut.
6. The Game of Patience
People who excel in this game tend to be people of great patience. And because of that they are the true-blue investors. Investment is about making a purchase on something that has growth potential. When we talk about growth, we need to reflect back on the growth of a sapling to a tree. Growth takes a tremendous amount of time. The Chinese has this saying that 'Real gold will not be melted by the flames of the furnace.' That is why when everybody is rushing off to sell all their stocks and investments, Warren Buffet will be one of those few brave souls who will not sell anything and instead start on a shopping spree.
7. The Game of Monopoly
Some people just have this cold gaze. They also tend to prefer to talk in detached terms, preferring data and numbers to people. The game of multiplication is really about flirting with mathematics. Accountants, auditors and administrators always have a great eye for detail. And it is because of people like them, they can reverse the company financial fortunes, not by illegally adding a few more zeros, but tweaking in such a way that the savings of costs can free up a few more zeros. That is why John Rockefeller is able to play the monopoly game in the oil industry simply by controlling the supply of oil.
8. The Game of Duplication
This is perhaps one of the most perplexing game to play since it is the toughest but also the most rewarding game of wealth. This is a game whereby upgrading and improvements are vital. Like the game of monopoly, it involves precise data manipulation. However the data is being manipulate for improvements rather than weeding out the negatives. Improvements have to be in sync rather than stand-alone. It is like constructing a building; every angle has to be optimized if not the building faces the risk of structural collapse. That is why Ray Kroc spent more than 50 years of his life underachieving, before fine-tuning the concept of MacDonalds to almost flawless perfection that went on to be one of the most successful F&B outlet chain in the world.
Each of these 8 games of wealth is able to provide you with utter riches and abundance in your life. What is the game you are good at?
Know your enemy and know yourself, find naught in fear for 100 battles. -Sun Tzu
Dias Lu is an entrepreneur who specialises in self-empowerment, wealth mastery, and entrepreneurial leadership. Currently he is running his internet marketing business and doing part-time experiential coaching.
To continue to benefit from his shared experience, visit his blog at http://www.diaslu.com
While not actively pursuing his dreams, he will be practicing his martial arts, reading and writing articles. He believes that everyone has a right to their dreams and that perseverance and helping one another will achieve exactly those dreams.
He continues to blogs and shares his ideas at http://www.diaslu.com
Article Source: http://EzineArticles.com/?expert=Dias_Lu
Wednesday, September 30, 2009
Quote
"In a truly free Capitalistic society, inefficiency usually gets solved very quickly by someone making a profit from solving it!" - Andrew Anderson
Success is Sometimes Simple
Success does not have to be complicated.
When it comes to achieving financial independence, the #1 thing is do the things that create wealth. There are a lot of options, so you decide what is best for you. Selling your product is one of the best ways to make money. If you can automate sales with the Internet, that frees up time to work your regular job, or do what you want.
Another way to create wealth is to invest. If you do not know how, get a stock broker. Forget what poor people say about investing. You can make money whether the market goes up or down. Set aside time to really study the market, the economy, and research some stocks.
If your friends, family, and coworkers are hold you down, cut yourself off from them!! As Tom Leykis used to say, "dump that bitch!"
What things have you done in your life that have led to large checks? Can you do more of those things? Can you change your formula for making money? Can you sell information or write a book or audio program or dvd set?
Strain your brain and come up with a list of ways you can make money. Now, stay focused.
If you need help creating a plan to become financially independent, see:
www.financialindependenceuniversity.com
The site above will save you years of suffering in the school of hard knocks.
Best of luck.
When it comes to achieving financial independence, the #1 thing is do the things that create wealth. There are a lot of options, so you decide what is best for you. Selling your product is one of the best ways to make money. If you can automate sales with the Internet, that frees up time to work your regular job, or do what you want.
Another way to create wealth is to invest. If you do not know how, get a stock broker. Forget what poor people say about investing. You can make money whether the market goes up or down. Set aside time to really study the market, the economy, and research some stocks.
If your friends, family, and coworkers are hold you down, cut yourself off from them!! As Tom Leykis used to say, "dump that bitch!"
What things have you done in your life that have led to large checks? Can you do more of those things? Can you change your formula for making money? Can you sell information or write a book or audio program or dvd set?
Strain your brain and come up with a list of ways you can make money. Now, stay focused.
If you need help creating a plan to become financially independent, see:
www.financialindependenceuniversity.com
The site above will save you years of suffering in the school of hard knocks.
Best of luck.
Saturday, September 5, 2009
The Best Money Making Ideas
There are a lot of really good money making ideas. But, despite what you may read and despite what other people may tell you, the best money making ideas for you are the ones that you develop for yourself. The ideas you develop are better than any other idea out there because you know yourself best. You understand what you are able to accomplish. You understand how many resources, like time or money, you are willing and able to devote to the money making venture.
You should not ignore other people's ideas. But, you should filter them and determine whether or not a particular idea is best for you. In order to be successful you have to feel comfortable with what you are doing. Before fully committing to someone else's money making idea, here are a few questions you may want to ask yourself.
Why do you need to make extra money?
If your goal is to make money fast to have the money to pay a power bill or this months mortgage bill, then there are a lot of ideas that are simply not for you; at least not right now. Despite what a lot of Internet marketers are saying, you can not make fast money online. If you need to make fast money then you are looking for money making ideas that are a lot closer to home. You need a cash in hand jobs; like, day labor, mowing lawns, detailing cars, garage sales, or bird dogging for a local real estate investor.
How much time are you willing to commit to the project?
So, you are not in dire financial straights. You are willing to wait a reasonable amount of time to see the fruits of your labor. But, are you willing to put in the necessary time? I see this a lot with new real estate investors and Internet marketers. For whatever reason they commit themselves to a strategy that they either do not have the time or are unwilling to commit the time necessary to properly implement the strategy. Before you make a final decision on the strategy you want to implement think, honestly, about the amount of time it will take to do properly. Many money making ideas require a lot of time to implement. You need to realize this upfront and commit the necessary time.
Do you have the skills necessary to be successful?
This is probably one of the biggest pitfalls to implementing someone else's money making idea. You read a few articles about a particular strategy. The author makes it sound so simple and easy. You go out and buy all the software, books, tools, or whatever. You think you have everything you need. And still you struggle to complete the simplest tasks. You will save yourself a lot of headaches if you honestly evaluate your skill sets. If you acknowledge ahead of time, that you do not have all of the necessary skills to immediately implement a strategy, then you can create reasonable expectations for yourself. You can budget in more time to accomplish tasks that you know you are not very skilled at.
How motivated are you to succeed?
It is rare to be successful the first time you try to do something new. But, to be successful you have to push through the little speed bumps on the road to your success. Success requires motivation. If you have the motivation you can accomplish anything.
Finding The Best Money making Ideas For You
Whatever money making idea you decide to pursue you should make an honest evaluation of your expectations before you start. Be honest with yourself about your goals and what you hope to accomplish. Realize that success in any endeavor requires the right skills, time and motivation. Be honest with yourself when you answer these questions and you will be successful with the strategy you choose to pursue.
Implementing a few good money making ideas that are simple will help you increase your cash flow at the end of the month. If you do not have time to make extra money on the side you could consider refinancing you mortgage to a 40 year mortgage. That could also make a few extra dollars available to you at the end of each month.
Article Source: http://EzineArticles.com/?expert=Beau_Hooks
You should not ignore other people's ideas. But, you should filter them and determine whether or not a particular idea is best for you. In order to be successful you have to feel comfortable with what you are doing. Before fully committing to someone else's money making idea, here are a few questions you may want to ask yourself.
Why do you need to make extra money?
If your goal is to make money fast to have the money to pay a power bill or this months mortgage bill, then there are a lot of ideas that are simply not for you; at least not right now. Despite what a lot of Internet marketers are saying, you can not make fast money online. If you need to make fast money then you are looking for money making ideas that are a lot closer to home. You need a cash in hand jobs; like, day labor, mowing lawns, detailing cars, garage sales, or bird dogging for a local real estate investor.
How much time are you willing to commit to the project?
So, you are not in dire financial straights. You are willing to wait a reasonable amount of time to see the fruits of your labor. But, are you willing to put in the necessary time? I see this a lot with new real estate investors and Internet marketers. For whatever reason they commit themselves to a strategy that they either do not have the time or are unwilling to commit the time necessary to properly implement the strategy. Before you make a final decision on the strategy you want to implement think, honestly, about the amount of time it will take to do properly. Many money making ideas require a lot of time to implement. You need to realize this upfront and commit the necessary time.
Do you have the skills necessary to be successful?
This is probably one of the biggest pitfalls to implementing someone else's money making idea. You read a few articles about a particular strategy. The author makes it sound so simple and easy. You go out and buy all the software, books, tools, or whatever. You think you have everything you need. And still you struggle to complete the simplest tasks. You will save yourself a lot of headaches if you honestly evaluate your skill sets. If you acknowledge ahead of time, that you do not have all of the necessary skills to immediately implement a strategy, then you can create reasonable expectations for yourself. You can budget in more time to accomplish tasks that you know you are not very skilled at.
How motivated are you to succeed?
It is rare to be successful the first time you try to do something new. But, to be successful you have to push through the little speed bumps on the road to your success. Success requires motivation. If you have the motivation you can accomplish anything.
Finding The Best Money making Ideas For You
Whatever money making idea you decide to pursue you should make an honest evaluation of your expectations before you start. Be honest with yourself about your goals and what you hope to accomplish. Realize that success in any endeavor requires the right skills, time and motivation. Be honest with yourself when you answer these questions and you will be successful with the strategy you choose to pursue.
Implementing a few good money making ideas that are simple will help you increase your cash flow at the end of the month. If you do not have time to make extra money on the side you could consider refinancing you mortgage to a 40 year mortgage. That could also make a few extra dollars available to you at the end of each month.
Article Source: http://EzineArticles.com/?expert=Beau_Hooks
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