What people often think of when they're considering improving their financial standing is investing to generate more income or starting a business. When it comes to investing or starting a business, a question you must ask yourself is what type of investment or business is right for you. You might have a friend who is doing well in the stock market. Another friend might be doing well in real estate. You might think that since they're doing well, you might as well do what they're doing. If it works for them, it should also work for you. Right? Wrong!!

Just because someone you know is doing very well in a certain business doesn't mean you will too. In fact, there is a possibility you would lose your wealth if you copy what other people do blindly. Before you make any decision about what business you want to be involved in, you must determine your path of least resistance to wealth. What is right for one person might not catastrophic for another.

If you read the biographies of successful, mega rich people, you will notice that they have different approaches to building wealth. For example, Donald Trump says make yourself as accessible as possible. On the other hand, the success of people like Oprah Winfrey depends on them making themselves inaccessible. Why the different approaches? Their approaches are different because their wealth profiles are different. In order to determine your path of least resistance to wealth, you need to know your wealth profile. Knowing your profile allows you to work according to your strengths.

What is the wealth profile? There are eight wealth profiles, hence, eight different paths to wealth. The eight profiles are: creator, star, supporter, deal maker, trader, accumulator, lord, and mechanic. Each profile has its own strengths and weaknesses. Regardless of what business or industry you're in, understanding your profile is critical to your success because it tells you what aspect of business you should be involved in. You can still succeed even if you are not working according to your profile, but your path to success would be slow and you probably would not enjoy the hard work. On the contrary, working within the strengths of you profile would allow you to shine and success would come easier and quicker because it is your path of least resistance.

Another important advantage of knowing your wealth profile is it allows you to build an effective team. When building wealth, it is important to understand that you cannot do it alone. You need a team can support you. If you have an effective team, the strengths of each team member would work together to propel and accelerate your success. If you are a creator profile, you would definitely need a lord and a supporter on your team. If you are a lord, you will definitely need a supporter and a deal maker. This is the wealth dynamics at work. Understanding your profile and the profiles of the people who work with you is critical to your success.

Let me give you an example of the wealth profile at work. I am a lord, which also means that I am an introvert. I am not a people person. My strengths is that I am very meticulous and I am into the details. If you need someone to work on systemizing your company, a lord is the person you need. If you need someone to analyze data to see if it is wise to venture into a new business, I am the person you need. A lord enjoys working in the background. We hate the spotlight (that job is for a star). A lord like me would never do well in sales and marketing, which is why I need a supporter and a deal maker in my team. A lord would also do well in areas such as real estate investment.