On the PeiRoll..

Just got back from the first day of the Wealth Dynamics 2-day course with Roger Hamilton held at the Ibis hotel near South Kensington (looks a bit grotty on the outside, but has brilliant conference room!). I have heard quite a bit about it via BlackStar program on Ecademy.

Roger is quite an engaging dynamic person, very sincere about what he does. Today was about how people work together - the 4 "seasons" so to speak - or four types of people who approach things differently because they ask fundamentally different questions. The Who, What, Where and How - and the most important, the WHY.

We learnt about about the definition of Wealth = Value x Leverage, with a lot of examples from Roger's past (he has a very successful publishing business in Singapore). People whose wealth is what they can retain after they have lost all their money - think Donald Trump who remakes his millions after losing it, again and again. Why people who get inheritance or win the lottery, lose it just as quickly - they do not have an inherent wealth value.

I do like that idea, that we all have a potential to be wealthy as long as we recognise and build the value within ourselves that would increase the attraction factor, and have people come to us to help us build our wealth. It's the network effect, where attraction factor is key - why millionaires are surrounded by other millionaires, and they just get richer and richer.

Roger also defines the 10 values -

External values
10. Investment (people are willing to give most money to earn more)
9. Component value (where you are helping people to make money whilst helping you make money, think franchise and licensing of businesses)
8. Fulfilling a Want (luxury items, high value cars/goods - people pay up to 10% of their wealth)
7. Fulfilling a Need (basic items - commodity, where profit margin is very low)
-------
Internal values
6. Purpose
5. Character
4. Knowledge
3. Network (people you know)
2. Talent
1. Passion

I can see clearly now why businesses fail, fundamentally they haven't built the first 7 values yet - they haven't found out why they go into businesses (is it because they want to, or is it because it was a "why not" decision?), they don't know how to leverage contacts, knowledge or use their talents or passion properly.

I think it is only when you have got your fundamentals right that you can begin to thinking about starting a business that provides the external value. I've learnt a lot today - but tomorrow is another day. I think that it will be useful in helping me gain world domination

Health diary: Breakfast - slimfast, Lunch - rice & Beef with 3 profiteroles and cream for pudding, dinner - ruined salty mushroom chicken and vege I ruined yesterday too. Bah.

Posted at 23:59 PM
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2 lessons.

1. Do not run in the afternoon sun.
2. Do not wear black leggings while running in the afternoon sun.

Woke up a bit late (meant to be up by dawn) but *koff* got a bit lazy. So went for my run at 11am. WAAAAY too hot.

Even the dog doo doo melted on the sidewalk. It was a bit of an obstacle course navigating my route. Fortunately I was running... ok slow-motion running in the heat, slow enough to avoid them.

I feel soo drained. Need a nap. But need to study. (grumble). At least the sun's out and its not so hot.



Posted at 14:37 PM
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