Wealth Dynamics, is it actually useful or just overhyped?
I have just been sent a link, from a somewhat trusted source, to a system for catagorising Entrepreneurs and before handing over the money wanted to see if anyone else has heard about it.
From Wikipedia : The system is a psychometric test based on the work of Carl Jung.
It asks you a series of questions in order to place you into 1 or 2 of 8 catagories. The idea being that from there you can find others that complement your skillset, effectively taking a more structured/scientific approach to finding business partners than the provailing random chance and mates thing.
So from the sound of it, if it works it could help in understanding teams better and understanding how things could be structured better ... The question is, is this actually the case or is it another overhyped fad that is being cashed in on before it gets forgotten again?
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To those who are voting to close: It is a serious question, others will be presented with the same sort of invite of doing this test and will research it, thus will come to this question. It is relevant to startups when it comes to building a team, something most companies have to work out how to do. – Robin Vessey 13 years ago
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This is clearly a scam. Check out http://www.brisbanetimes.com.au/articles/2007/05/30/1180205312469.html It's pretty clear that the wikipedia article was written by the scammers. – Dror 13 years ago
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I'd like to re-iterate that in my answer I am talking about the validity of the test. I don't know anything about the associated products, seminars, life-coaching or whatever. – Yojimbo 13 years ago
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@yojimbo I wouldn't worry about it too much, if it helped clarify something then you got something out of it. – Robin Vessey 13 years ago
2 Answers
From your wikipedia link it appears to have been invented in 2003 and then ignored for the next 8 years.
"The system is a psychometric test based on the work of Carl Jung, and linking his work to the I Ching" You might be better off googling "Wealth Dynamics scam" and follow what pops up.
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http://www.complaintsboard.com/complaints/wealth-dynamics-central-pyramid-scheme-c432572.html thanks, worth a read first – Robin Vessey 13 years ago
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Clearly a scam http://www.stuff.co.nz/sunday-star-times/latest-edition/134968 http://www.brisbanetimes.com.au/articles/2007/05/30/1180205312469.html – Dror 13 years ago
I have done this test and actually found it quite useful. It is not dissimilar from other tests such as Myers Briggs, wrapped in a different style and a bit simpler.
Is it useful in helping you spend some time thinking about your strengths and weaknesses and how teams fit together? Yes.
Will it reveal a secret insight that will make you fabulously rich? Unlikely.
Probably worth noting I have done the test, and not got involved with any other emails, seminars or associated stuff which I can't comment on the value of.
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Thanks, that is the sort of answer I was looking for. As you say I wasn't expecting to pay $90 and then be rich. I am looking for methods of identifying good team members, as we grow understanding who is going to fit and what are they bringing to the table is going to be important. – Robin Vessey 13 years ago
