Tuesday, November 3, 2009

The 8 Games to Wealth

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?

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