The Best Strategies for Creating “Real” Wealth
The Best Strategies for Creating “Real” Wealth
#4 in The "Frugal and Personal Finance Friday" Series
Readers of my posts are usually tired of being patronized elsewhere by fact-less, click-bate financial advice, from opinionated know-nothings, who spread misinformation, conspiracy theories, and fake news.
—————————————————
“Knowledge is power, wisdom brings meaning, contentment, wealth, service to others and happiness!”
—————————————————
This newsletter is a reader-supported publication. To receive new posts, and bonuses, and to become part of my Inner Circle please become a paid subscriber. (Sign up at the end of this newsletter)
—————————————————
On a personal note: Please excuse grammatical errors, typos, repetition, and any general nonsense, and such in this post. I am getting a bit older now, and I have about 20,000 pages of information that must get published before I leave the mortal coil. I simply write and publish more than my humble editors are able to correct. If you find enough errors you are welcome to contact me about being an editor of my work.
Thanks for sharing this newsletter with your friends and associates -
————————————————
Here is the introduction to this series of newsletters…
————————————————
A 2-Minute Read
For me, wealth is not about accumulating Money and then spending it on frivolous “Rich Toys”. It’s about creating financial freedom to do what needs to be done and serve other by making the world a better place to live.
When I Google the phrase “Wealth meaning”, these are the most commonly asked questions.
What are the 5 types of wealth?
What is the meaning by wealth?
What is meaning of wealth in life?
Why is called wealth?
Can you use game theory to create wealth?
I will explore all of these here.
Let’s start here and then flow through the all…
What are the 5 types of wealth?
Financial (money)
Social (relationships)
Physical (health)
Mental-Emotional (health, spirituality)
Time (freedom)
It is not easy to have all of these distinct forms of wealth since a focus on one often may diminish the others. All depends on how you choose to play the game
I believe, that excluding things like prayer, meditation, romantic love, art, culture, and the nature of spirituality, everything we experience in life can be framed as a sort of game. What games all have in common is rules of engagement, scoring, other players, systems for enforcing the rules, and penalties for violating the rules. Anyone who has played board or video games understands this.
Long before people were scientifically studying and defining nature, ecosystems, and gamer-thinking there were great thinkers who were exploring the idea of games and game-based systems in the creation of ancient societies, and how hierarchical, and competitive behavior developed in those societies.
The 3 Great Strategists
Three great strategists, Quintus Fabius Maximus Verrucosus, the Roman Military political and military leader Sun Tzu the great Chinese philosopher, and Niccolò di Bernardo dei Machiavelli the political and humanist thinker, as well as other political and military strategists throughout history, were in a sense pioneers in gamer-thinking. They used rationality in decision-making and codified concepts so that each decision could be studied systematically.
“Entrepreneurs think in a box and live in an echo chamber of parrots. Strategic entrepreneurs own the box and the chamber.”
― Richie Norton
I created my own strategic business system, Harrison’s Applied Game Theory (HAGT) by studying these three master strategists and ideas relating to games and gamer-thinking. Today, game theory is used to get power and wealth for the powerful and wealthy. This simple idea of framing life as a game has become a significant method used in economics and business for modeling competing behaviors.
Applications for game theory include a wide and diverse array of economic phenomena and approaches, such as auctions, cryptocurrencies, bargaining, mergers, acquisitions, mechanism design, voting systems, behavioral economics, and competitive strategies.
The Takeaway
Humans are social animals. We all are seeking love, and also searching for ways to connect. This is so both in our personal and professional lives. For those who understand the role, commerce plays in how we connect it is important to understand what people find valuable today. In HAGT (Harrison’s Applied Game Theory) a sociological system for predicting how a person will choose one thing over another it is important to understand and how they decide what’s worth paying for.
In spite of all this complexity and sophistication, as well as mathematics, statistics, and algorithms, the use of basic, intuitive gamer thinking strategies can be applied to solve all types of business problems, especially in adversarial competitive markets.
——————————————————————————
——————————————————————————
For Paid Subscribers of the Inner Circle
Here are the stories I will be presenting to our Paid Subscribers through my special long-form Full Friday and Weekend Edition of the Self-Improvement Inner Circle Newsletter.
A Bit of Comedy
Personal Growth tips
A Film Review
Environmental Breakthroughs
The Best quote of the Week
Your paid subscription to the Inner Circle helps support our various philanthropic projects.
Don’t miss any of these great stories. Move your weekend experience to a higher level. Upgrade to a paid subscription to the Inner Circle Newsletter.
Learn how by clicking below the arrow
Just click below the arrow to learn more…
The article is an excerpt from a seminar I taught based on my book How to Hack Your Life through Game Thinking: Short-cuts for Winning the Game of Life. Order the book here.
https://www.amazon.ca/Hack-Your-Life-Through-Thinking/dp/1542984084
