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Personal Wealth Quotient

Take the TEST to Calculate your PWQ

Knowing your Personal Wealth Quotient score will highlight the path of least resistance for your Home Business Success.

New York Times Bestselling Author, Paul Zane Pilzer's talks about Personal Economic Alchemy.

This has inspired me to outline what I call (PWQ) - Your Personal Wealth Quotient in relation to your Home Business Success.

I recommend you read Paul Zane Pilzer’s book The Next Millionaires for a fuller understanding.

OK, this is my version of what PZP is getting at.... In days of old, when Knights were bold, and the Internet wasn’t invented . . . . Your name identified your vocation. If your family name was Baker you would knead the dough.

In days less old, and Knights were old hat, and the Internet wasn’t invented . . . . Your location identified your vocation. If you grew up in a mining town you dug until you died.

In days more recent and Knights were Pop Stars, and the Internet still wasn’t up to speed, our mobile society gave us choice. Maybe as an accountant and move to a new city or country. You would count your numbers in a life long career.

Today – the Internet is King and your vocation may now depend on your skills, your adaptability and on you being web savvy.

PS: Did you know that 90% of the new millionaires in the world are Internet millionaires?

Paul Zane Pizer - The Next Millionaires:

"Home Based Businesses are one of the fastest-growing segments in our economy, and that trend will only continue, as the age of the corporation, which began barely a century ago, now gives way to the age of the entrepreneur."

"Economics is really a quest for happiness, a quest for recognition, for all those things that we really want, which money is a vehicle to acquire, achieve or attain."

"Today there are at least ten million more people who will shrug off the pessimism and malaise of the times, who will grasp and ride the surging currents of new wealth creation over the next ten years to become the Next Millionaires."

OK, let’s find your Personal Wealth Quotient (or PWQ) in relation to your Home Based Business Success.

PWQ = PR x PT

PWQ - Personal Wealth Quotient

PR - Personal Resources

PT - Personal Technology

Personal Resources: (1) People:

I'm referring to people who know, like and trust you.
Past and present clients whose trust and respect you have gained.
Past and present suppliers and providers whose trust and respect you have gained.
Past and present work colleagues whose trust and respect you have gained.
Past and present friends and associates whose trust and respect you have gained.

This is your network! If you have a TRUE network of people, you can easily recommend goods and services to that network. (It’s called Network Marketing)

Note: A list of people taken from a directory or purchased as a list of leads IS NOT a network of people who know, like and trust you.

A network carries a high value in your PWQ.

Score PR (1) People:

Your network of people who know,
like and trust you

0 – 50 score 1
51 – 500 score 5
501 – 5000 score 20
5001 + score 50

My PR People score is ___

Personal Resources: (2) Time:

The amount of time you have available to work on a home business venture is a valuable resource in your PWQ

(Remember the time for sleeping, eating, working a job, family time, and social time is not of value in your PWQ)

Score PR (2) Time

Hours per week you have available
to work on your home business venture

0 – 5 score 1
6 – 10 score 3
11 – 20 score 6
21+ score 9

My PR Time score is ___

Personal Resources: (3) Cash:

In any business venture there are going to be expenses and running costs of some sort.

Cash reserves, and/or expendable cash flow, is also part of your PWQ.

(Money you need for mortgages, rent, food and living do not form part of your Personal Wealth Quotient - PWQ)

Score PR (3) Cash

Cash reserves and/or
expendable cash flow

$10 - $50 pw score 3
$51 - $100 pw score 5
$101 + pw score 8

My PR Cash score is ___

Personal Technology: (1) Basic Skills:

The ability to read, write, speak, calculate and process information are basic skills and are of value in your Personal Wealth Quotient.

Knowing when to use UPPER CASE, Title Case, and lowercase in your writing is an example of basic skill.

If you lack basic skills, perhaps now is a good time to brush up at your local community college.

Score PT (1) Basic Skills

Ability to read, write, speak,
calculate and process information

Need Help Now score 1
Average score 5
Advanced score 7

My PT Basic Skill score is ___

Personal Technology: (2) Life Skills:

Life Skills are gained from your life's work, hobbies and personal experiences.

These functional skills can help identify your niche!

Score PT (2) Life Skills

Functional Life Skills

Narrow score 2
Specialized score 6
Wide score 10

My PT Life Skills score is ___

Personal Technology: (3) Internet Skills:

Are you internet Savvy?

Do you know the difference between a web browser address bar and a Google search window?
Do you use an up-to-date browser? (Do you know what a browser is?)
Do you know what VOIP is? (Are you still using expensive telephones when you could be using low cost Skype or similar?)
Can you use a WYSIWYG editor? Do you know some basic HTML?

Score PT (3) Internet Skills

Are you internet Savvy?

Novice score 1
Average score 3
Pretty Good score 7
Web Guru score 9

My PT Internet Skill score is ___

Personal Technology: (4) Adapting Skills:

Adapting Skills are possibly the most important skill in your Personal Wealth Quotient

Can you easily adapt?

With quantum leaps in technology happening so fast, your ability to learn new things will strongly effect your future home based business successes.

Score PT (4) Adapting Skills

Your ability to learn new things.

None score 0
Some score 1
Sponge score 10
Rubbery Sponge score 20

My PT Adapting Skill score is ___

personal wealth quotient

My Recommendations

I recommend you read Paul Zane Pilzer’s book The Next Millionaires for a fuller understanding of your personal wealth quotient.

For a free personal appraisal of your PWQ score just use my contact page and enter your list of scores in the [comments] box and request 'Personal Wealth Quotient Appraisal' in the [I'm interested in..] box.

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PS, if I'm showing as ONLINE in my chat window at the top of this page, please feel free to ask me questions about your Personal Wealth Quotient (or any of the following referrals) and get my instant answers.

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