To create wealth, one must understand the power of the word, Leverage. It is an undeniable fact that great wealth is created through leverage. So, what exactly is leverage ?
Well, In simple terms, leverage means not having to trade time for money.
In other words, you are not having “leverage” if you are trading time for money. That is to say, you cannot make money when you’re not there or not involved.
A very simple question to ask if you are having enough “leverage” is this: ”What will happen if you didn’t go to work for the next 3 months? Will your income go down?” If your answer is “Yes, my income will go down”, it’s simply because you don’t have enough leverage attached to your earning power.
Leverage is the business owner who builds a business but doesn’t have to do everything involved with it. They hire people to do the job and use that leverage to get their income. Billionaires like Richard Branson, Bill Gates uses this method of leveraging creating their wealth.
Leverage is the person who works hard and saves their money and then puts that money to work through thoughtful investments. It may be income producing real estate. It may be stocks. The key is the ability to earn even if you’re not running the companies you invest in. Billionaires like Warren Buffett, Lee Kar Shing uses this leveraging method to make their fortune.
Leverage is the person who invents something people need and receives a royalty when the invention is used or sold. J K Rowling, author of the Harry Potter series as well as Jack Canfield and Mark Victor Hansen, book creator for chicken soup for the soul created their residual income through this method.
Leverage is the person who hires people to help them design or look after their websites so that they can focus on other more important stuffs while their websites generate secondary income for them. Local Millionaire Stuart Tan along with many other Internet Marketing Gurus uses this method of leverage to make additional incomes from different sources without having to attend to them all.
If you take a look at ALL the wealthy people in the world and you’ll find that every one of them found a way to create leverage and none of them were in the habit of trading time for money.
If you are into Internet Marketing, does it mean you have to learn how to design a website ? Though its good that you know a bit of how to design a website, but would you rather outsource your website building to experts so that you can leverage on their expertise while you focus on other important areas of your business or would you rather learn all the basics and start building your site from scratch yourself ? The end result ? You have an “amature looking site”.. and other areas of your business has not been touched..
As you can see, you have to understand “leverage” before you can start “creating wealth”. Pick ANY wealthy person and you’ll quickly see how they use leverage to acquire wealth.
This wealth formula also applies to network marketing. In network marketing, it is also the best medium for any person to quickly tap on the power of leverage if you understand the simplicity of network marketing > “get a large group of people, do a few simple actions, over a consistent period of time”.
Here is how network marketing makes use of leverage > When a successful network is being build, network marketing enables you to earn money when you are sleeping. Eg: You may be in Asia sleeping but your team in the United States or parts of Europe is working and vice versa. Instead of building your wealth alone, you are also leveraging on a large group of people building your wealth as well as their wealth together. In other words, your effort can be multiply 10 or even a hundred times. In network marketing, you also leverage on the people whom your friends knew whom you don’t, your friend’s friend’s friend and so on.
It’s a fact that it’s not in your ability to force yourself to do amazing things all the time. I started my career as an internet marketer and network marketer thinking that if I were to create great wealth, it’s really up to ME ! That’s true for a few things, but the reality is, a single person has only a certain amount of time and with that amount of time, he can only achieve a certain number of things by himself.
Therefore, regardless what business you are into, If wealth is to created… leverage is the proven formula that needs to be tapped.
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