Your Wealth Profile, and, The Biggest Problem With Being Smart

I attended a very interesting presentation by Roger Hamilton last night on the recommendation of several people I respect [thanks Kris, Ray and Therese <-- no website?! What are you like?]

Roger has developed a fascinating and instructive “Wealth Profiling System” that combines
Jungian psychological models (think MBTI tests etc) and the I Ching as it relates to individuals’ wealth attraction styles. I have done my wealth profile here and discovered that I am predominantly a “Mechanic”.

Roger also shared a couple of seminal distinctions that resonated with me. Here they are:

On taking action:

To know, and not to do, is not yet to know.

On traps for smart people:

One of Roger’s mentors once told him,

You think you’re smart. You try to do everything yourself. That’s why you’ll never be really wealthy. I know I’m stupid. That’s why I employ smart people like you to do everything for me.

Food for thought…

Two Types Of Leverage

I have recently been focussing on employing two types of leverage to increase my personal effectiveness and productivity.

Systematic Leverage: Using systems to do the heavy lifting for me. These include CRM automation, automatic billing systems, automated data backup systems and so on.

Personal Leverage: Engaging people who are much better qualified to do specific tasks than myself – designers, bookkeepers, technical people and so on.

So far the results are pleasing — I’ll report back with some more detailed results at a later date.