Getting wealthy and staying wealthy are two different game plays, requiring different skillsets. Chapter 5 of The Psychology of Money delved deep into the differing mindsets that are required for both.
In this post, which has turned out ot be a pretty long post, we are going to look at some of the 10 Gods and how they relate to your wealth-generating activities.
KEY EXCERPTS FROM THE PSYCHOLOGY OF MONEY (CHAPTER 5)
“Good investing is about consistently not screwing up.” Again, it’s not about ‘luck’. Lady luck is a fickle mistress, they say. It’s true! Because it is not replicable. As I said in Chapter 2, some charts really do have ‘dumb luck’. Well, good for them! But others? We need to acquire certain skillsets.
“Getting money requires taking risks, being opportunistic, putting yourself out there. Keeping money requires humility, and caution.”
For the purpose of this post, I will split my post into two broad categories: business and career; and investing.
GETTING WEALTHY REQUIRES…
In Bazi, these are the three stars that helps with Getting Wealthy.
Rob Wealth
Rob Wealth is competitive. It’s a mind-control star. At a healthy level, this Star does not wait for opportunity to come knocking. Instead, it is out there creating opportunities. When this star is healthy, it’s a hustler. But we don’t want too many Rob Wealth in the Chart. Too many makes it hard to save money. I covered the Rob Wealth extensively in Chapter 3, so you may want to jump back into that post to learn more.
Indirect Wealth
This is an opportunistic star. It’s the ability to spot opportunities. Many of us are blind to opportunities because we keep seeing problems instead of opportunities. This Indirect Wealth star also represents the abundance mindset. Missing this star in your Bazi Chart? Need to work harder to cultivate an abundance mindset.
See, people with abundance mindsets are the ones who start businesses, agree? Even if they may complain to you about how bad the economy is. But they would not be in business if they had a scarcity mindset. Unlike the Rob Wealth or 7 Killings, it is OK to have multiple Indirect Wealth stars in the chart. Because it just means the possibility of having multiple businesses running. But whether or not it can manifest, depends on whether or not the day master can handle so many things at once.
7 KILLINGS
The action-taking star. In the book, it’s called putting yourself out there. Same thing – the ability and willingness to take action. At a healthy level, a 7 Killings is a star of strength and courage. It represents the determination to face the difficulties and do the hard work. We like this star at a healthy level, especially when it shows up with an Eating God in the Chart to keep it controlled. Too many, it becomes too volatile, so life becomes a little too hard.
Getting wealthy requires taking risks (RW), being opportunistic (IW) and taking action (7K)
It’s rare to find all three – Rob Wealth, Indirect Wealth, and 7 Killings – usable in a single Chart. Most charts will have one or two.
So don’t freak out if you find you don’t have all three. It just means you are a normal human being. Work with the ones you have, don’t stress over those you don’t have.
If Rob Wealth is stronger in your chart, you need to learn to hustle. Need to learn to create the opportunities you seek. Rob Wealth is a networking star. Learn to network upwards and leverage on other people’s resources. Learn to lead, be influential, motivate yourself and others. That’s a healthy way to use the Rob Wealth.
If the Indirect Wealth is strong and usable, train your abilities to spot opportunities. Find a mentor or better yet, apprentice yourself to a successful entrepreneur. Learn as you work.
If the 7 Killings is active in your chart, cultivate a strong fighting spirit. Be physically fit. Because to handle the 7 Killings energy, the self must be strong. Otherwise, you fall sick.
If you have a lot of these guys in your chart, saving money can be a bit of a challenge. The conventional advice is to send the money out as soon as you get it. Pay up the bills, shove it into bonds or trusts that you cannot access. Basically, making it hard for yourself to liquidate.
STAYING WEALTHY REQUIRES…
Direct Resource
Excerpt from the book: “More than I want big returns, I want to be financially unbreakable. And if I’m unbreakable, I actually think I’ll get the biggest returns, because I’ll be able to stick around long enough for compounding to work wonders.”
This requires the Direct Resource star.
A Direct Resource star is learned. Has extensive knowledge and information. Well-read. More, it refers to emotional intelligence.
To activate your Direct Resource meticulous preparation. To train yourself to look at details. To study, stay informed, self-improvement. Direct Resource is the willingness to sit down and study reams of earnings reports and understand the fundamentals.
Also, if you have a strong Direct Resource star in your chart, learning to monetize knowledge is your gateway to wealth.
Direct Officer
Excerpt from the book: “Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.”
Many people will automatically equate this statement with the Direct Wealth. I think this is more the purview of Direct Officer.
Because the Direct Officer is about discipline, self-control, emotional control. It’s the discipline to follow a process or a strategy with room for error.
If this star exerts a strong influence in your chart, your natural gateway to wealth is to simply implement rules. This is almost like the role of a COO, the one who ensures that the entire system or process is running smoothly.
Discipline is very important for investors and traders. Because, remember, trading is emotional by nature.
The Direct Officer represents the ability to control how you think. To train it as an investor, for a start, get onto an education program that gives guidelines, process maps, trading parameters – and follow the rules!
If already seasoned enough as an investor or trader, establish your own trading protocols. And follow them! Don’t let your emotions rush you.
And lastly…
Direct Wealth
Excerpt from the book: “A barbelled personality – optimistic about the future, but paranoid about what will prevent you from getting to the future – is vital”
This is Direct Wealth territory. Direct Wealth in a chart is the ability to maximize existing resources. Yes, it’s the star of planning and management. It is frugal, a little miserly, but it is great at optimizing resources.
How to train? Start to split up your savings accounts to maximize your money. Mindfully work on your financial planning and projections. Study your budget. Set financial goals for the month or the year.
YOUR NATURAL INVESTMENT/TRADING STYLE
Now, let’s fit these stars into trading.
Long-term Investing
Long-term investing, also known as Growth investing is where you hold the stocks for up to 3 years or more (or in Warren Buffett’s case, forever!). Less time commitment required, and here, there is more focus on the fundamentals.
Mid-term trading (Trend Trading), where you hold for a few months and ride the trend until it hits your stop loss.
Charts with stronger Direct Resource, Direct Officer and Direct Wealth will likely gravitate towards the longer-term trading styles.
Because this group is more likely to do extensive prep. Read through reams of 10-K reports.
This group will prioritize having control and will be more likely to create and follow through on a trading plan. And therefore, more likely to enact stronger risk management strategies.
However, charts with stronger DR, DO or DW influence, must come to terms with the fact that, because there is a need for confirmation and assurance, chances are high that you will not benefit from the start of an uptrend. Means, you are likely to jump in later. Why? Because always waiting for another confirmation candle. It’s fine!
The key to a Bazi chart is always to fit the chart’s natural energy towards the objective. I’ve said this time and time again. We cannot expect a chart with DR, DO and DW to behave like one with a strong Rob Wealth, for example. Can they be trained to be more Rob Wealth? Of course! But at the start, always best to follow the natural rhythm of our charts. To not behave out of character. Because trading does not change our character, it amplifies who we are.
Short Term Trading
The shorter trading styles like Swing Trading or Intraday are more of a natural fit for charts with strong Rob Wealth, Indirect Wealth or 7 Killings.
Because this group loves the thrill of the win. Enjoys being in the thick of the action.
Thanks to that, this bunch are more likely to recycle their capital faster. Easier for them to stack the small wins. And because their risk appetite is bigger, more likely to jump onto an emerging trend and therefore benefit by being the first at the buffet.
On the negative side, this bunch is more likely to adjust their stop loss or gap down when the market is on a downtrend. Also, more likely to short the market. Basically, more likely to gamble.
But maybe now, you’re looking at your Chart and thinking, “But I have both IW and DW equally strong? What does that mean? Or I have a mix of these right at the top!” Those types of charts require some work. You have to be conscious of what you are triggering. When you have a mix, all the more reason to trigger the discipline to follow through on your trading plan. The discipline to overcome the FOMO. The discipline to learn and practice.
These 10 Gods are like ‘hats’. Which ‘hat’ am I putting on in this activity that I am doing? When I do research, I put on my DR hat. When I am problem-solving, I put on my 7K hat. When I do my financial planning, I put on my DW hat. What happens if you stack one hat on top of another? That’s when you get a headache.
Indirect Resource: The Most Important ‘Hat’ For Trading
The Indirect Resource is fuzzy logic. It’s the ability to read and recognize patterns within a sea of chaos. By the way, this is the same ability we invoke when we learn metaphysics.
In Bazi, the Indirect Resource is often interpreted as big-picture thinking, the ability to recognize trends and patterns, unconventional knowledge or problem-solving. It is also often connected to spirituality.
And because of this link to spirituality, it is normal to find people thinking that to train your IR, all you need to do is meditate.
But, I’m here to tell you, that of the 10 Gods, the Indirect Resource is the hardest to train. Because it’s not about the meditation. It’s about the practice. You want to be a good Bazi practitioner? Read 100 charts. Want to be a great coder, you need to code to the point where you can look at a bunch of codes and just pinpoint the problem. Want to be a great trader? Look and practice reading trend patterns until you master the skill.
Warren Buffett has a very strong Indirect Resource star. Let’s not forget that he started investing at the age of 10. His Indirect Resource star is super well trained.
Training your IR star takes a lot of time and effort. It’s the hardest muscle to train. But when you get it… you really get it!
Conclusion
I hope by now, you understand that there are many routes to wealth. There are also many types of investors and traders. There are many hats we can wear in our wealth-generating activities. It’s about figuring out the skillsets required. A Bazi Chart is like a map. It just shows us your natural energy. The trick, is to work with the Bazi Chart to get to your objective.
But if you take nothing else away from this post, please remember this. Do not ever, force a business or trading style that contradicts your core personality.
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DISCLAIMER:
Paulynne is NOT a Medical, Legal, Financial advisor or Councilor. She is a Bazi and Feng Shui Consultant who utilises her knowledge of Bazi, Qimendunjia and Feng Shui to look at the energy imprint surrounding events, situations or people. These readings are for ENTERTAINMENT PURPOSES ONLY and should NOT BE TAKEN as absolute proof or concrete evidence or advice. Please treat them as such and enjoy your time on the channel.
