• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 1 of 2 1 2 LastLast
Results 1 to 10 of 16
  1. #1
    Join Date
    Feb 2004
    Location
    Welly-town
    Posts
    1,095

    Default Who's done what with their Wealth Dynamics Profile

    Earlier this year (I think) a whole bunch of people did the Roger Hamilton Wealth Dynamics weekend and found out what their profile is.

    I did the online evaluation a few months back but had filed it away and completely forgotten about it. Happened to pull it out again last night when I was considering a few ideas / opportunities. It was great to remind me where me strengths are, but aparet from that I haven't done a thing with it.

    For others who have discovered their profile through Roger Hamilton - what have you done because of it. Did it help or did you do anything differently? Are you better off now because of that?

    Gerrard

  2. #2
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    5,086

    Default

    Hi Gerrard,

    I came out as a Lord, which implies that I like control, not ownership, of assets.

    However, I have struggled with what this means, and so have put it to one side for the time being - it seems that if I were a Deal Maker or a Trader or most of the other profiles, the courses of action available are clearer (possible exception being 'supporter').

    Doing the GBI course, however, has given me a toolbox of skills that are about control and ownership, so maybe I'll make some progress now.

    Watch this space.......

    cube
    DFTBA

  3. #3
    Join Date
    Aug 2003
    Posts
    7,620

    Default

    Marc is a 'Lord/Mechanic' (equal in both) and that is a fitting profile as he loves creating systems, tinkering with them to perfection.

    I'm a 'Star' profile with secondary profile strengths in 'creator' and 'supporter '. So I've learnt that my focus is "what is the idea?", "who wants it?" and Marc is the "how does it work?"

    Cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  4. #4
    Join Date
    Jun 2006
    Location
    Hutt City
    Posts
    1,305

    Default

    Hi Gerrard,
    I think this was a worthwhile thread and good on you for starting it. I was considering doing this profiling at one point. It would have been really interesting to see if anyone had taken the information and acted on it. ie adapted their investing style or changed their approach to doing business etc.
    The fact that so few people responded to your thread, and those that did had essentially shelved the info speaks volumes. I wonder if this is because its not clear what one should do with the info, or whether the info is just not that useful?

    It reminds me of some Human Resource style exercises that we did at work a few years ago on peoples personal communication styles. All very interesting, but at the end of the day it was just a distraction from the real work. A kind of attempted justification for the existence of HR dept. (I work for an ex-govt dept, so there are no end of pointless HR-appointed consultants wandering about).

    Anyhow back to the point- it would be interesting to hear if you discover any positive benefits. Personally I do believe that understanding our own strong points and weaknesses is extremely valuable, so that there ought to be some benefit somewhere, but labelling pigeonholes may not be the way to go.

    Hope I havent rambled too much
    cheers
    Tim

  5. #5
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    To throw a slightly different slant on this I equate it to personality profiling.
    We all want to know what our natural strengths are or what our best path to success is. That is fair enough and may be of some benefit.
    But Ibelieve that we are created to be whole people. People that can adapt to situations and overcome them. So instead of using something like wealth profiling and saying "these are my strengths, I'll focus on this" I believe we should be saying, "I am weak in these 5 or 6 or 7 areas and really strong here. I must focus on and work on my areas of weakness so I become a whole person"

    For me I am great at dealmaking and being a people person. I am crap at detail and analysis. So to be successful I need to improve my attention to detail and learn to utilise my left brain more. This will make me more successful and just a better balanced person. If I focus on the deals and the networking I will become increasingly dangerous to myself and the armies of people i will need to pick up after me because I am not "normal" or well rounded.

    This is why I believe understanding your risk profile is so much more important than your wealth or personality profile. You can call yourself a lord or a star or whatever but it is your fear and risk aversion that will control your ability to invest, not your personality IMHO.

  6. #6
    Join Date
    Feb 2004
    Location
    North Waikato
    Posts
    651

    Default

    I haven't done the wealth dynamics yet but I have got a lot out of personality profiling that I have done in the past. It helped me to understand how I operate (or perhaps more acurately, my natural preferences for how I operate) and more importantly, that people are different in how they view the world, make decisions etc etc. This can be very useful when in a relationship!!

    John

  7. #7
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    i agree Donna, no problem with that. i thnk it's great. My point was more to not use our weaknesses as an excuse to not improve in those areas.

  8. #8
    Join Date
    Aug 2003
    Posts
    7,620

    Default

    I deleted that message as it wasn't written well - what I was trying to say is, for isolating the task of 'building wealth' I like Roger's Wealth Profile as it suggests first we find what we are good at then we focus on that skill for the easiest path to wealth. We surround ourselves with people that can do the tasks we can not and everyone is happy and on the road to wealth.

    Umm hopefully that makes sense.

    Donna
    Last edited by donna; 12-11-2006 at 12:33 PM.
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  9. #9
    Join Date
    Sep 2003
    Location
    High up above and deep down under
    Posts
    10,915

    Default

    Hi Guys

    I've got a Wealth Profile somewhere.

    Had to laugh when I first read it because there were some very true points made.

    Regards
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  10. #10
    Join Date
    Jun 2005
    Location
    Hamilton
    Posts
    773

    Default

    I did mine and I am a star, which made sense to me when i thought about things, because although I do trade and make deals i usually just put them together for people and use others to do most of the work, i dont do any of my own bookwork, dont even understand how alot of it works but i dont need to I can use others who do know.
    I know I am happiest in my star role though as I really like getting out and telling my story so there is the star in me. Actually for me star was my strongest but I had a bit of everything in there and I guess that makes sense as I do have a basic understanding of how it all works.

    I dont know that it as useful doing it on line as actually doing it at a wealth dynamics weekend, at the weekend you could well find others who would support you in your mission so could team up with them, i havent made one yet as everytime they have been on either here in NZ or in Australia I have had something else on, might make it next year though at this point I am free, just waiting on a date for something else though which I need to go to and if it doesnt clash which is looking like it may not by the indication I have been given I will be there,

    Interesting Donna, My husband has not done his profile but I think he is a lord/mechanic too.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. edit profile
    By sideeffect1987 in forum Australia
    Replies: 5
    Last Post: 09-01-2019, 11:37 AM
  2. Member Profile
    By NZGEMS in forum Property Investment (NZ)
    Replies: 11
    Last Post: 24-08-2010, 01:27 AM
  3. How do I get rid of my Profile?
    By PPI in forum Property Investment (NZ)
    Replies: 5
    Last Post: 30-03-2009, 08:45 PM
  4. XL - Wealth Dynamics
    By nutty in forum General (NZ)
    Replies: 19
    Last Post: 30-11-2007, 09:25 PM
  5. American Mortgage Rate feeds
    By sarahk in forum Property Investment (USA)
    Replies: 0
    Last Post: 26-06-2005, 08:28 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •