Nobody builds wealth without leverage.
You won’t get wealthy by trading time for money and you can’t do it all yourself.
Building wealth requires you to work smarter rather than harder by applying the following principles of leverage:
- Financial Leverage: Other people’s money so that you are not limited by your own pocketbook.
- Time Leverage: Other people’s time so that you are not limited to 24 hours in a day.
- Systems and Technology Leverage: Other people’s systems and technology so that you can get more done with less effort.
- Marketing Leverage: Other people’s magazines, newsletters, radio shows, and databases so that you can communicate to millions with no more effort than is required to communicate one-on-one.
- Network Leverage: Other people’s resources and connections so that you can expand beyond your own.
- Knowledge Leverage: Other people’s talents, expertise, and experience so that you can utilize greater knowledge than you will ever possess.
Leverage allows you to build more wealth than you could ever achieve alone by utilizing resources that extend beyond your own. It allows you to grow wealth without being restricted by your personal limitations.
Leverage is the principle that separates those who successfully attain wealth from those who don’t. It’s just that simple.
If you aren’t using leverage then you are working harder than you should to earn less than you deserve — and that isn’t going to make you wealthy.
Below you’ll find a list of our most recent articles about leverage providing you with additional strategies and information so you can take the next step…
Expectancy - Millionaire Math That Converts Uncertainty into Profits:Reveals 7 ways mathematical expectancy helps you profit more consistently in your financial plan. Use risk management and leverage to control payoff...
Leverage - How to Fast-Track Your Financial Goals: If you aren’t using leverage analysis then you’re working harder than you should, to earn less than you could. Here's a complete leverage system to fast...
Reduce Your Risk by Increasing Leverage - 5 Uncommon Strategies:When you think of leverage, what comes to mind? If you’re like most people, it’s some form of financial leverage. You probably also think leverage is risky. But the truth is financial leverage is only one of six different types of leverage.So let’s pull these five other categories of leverage out of the shadows so you know how to multiply your wealth growth by taking less risk...
My book, The Leverage Equation: How to Work Less, Make More, and Cut 30 Years Off Your Retirement Plan, walks you step-by-step through the principles that govern leverage, the six types of leverage you can use, and strategies specific to each leverage type so that you can incorporate leverage into your financial plan as soon as you're ready to take action.
It also includes exercises at the end of each chapter to get you thinking deeper about the concepts that were introduced. You'll learn the real reason you're not as rich as you should be, how $10 can realistically become $1,000, the hidden trap of regular paychecks, why you don't need money to make money, and so much more.
Learn more about my book, The Leverage Equation, here.
Reduce Your Risk by Increasing Leverage – 5 Uncommon Strategies
When you think of leverage, what comes to mind? If you’re like most people, it’s some form of financial leverage – mortgage financing or debt financing – using other people’s money. You probably also think leverage is risky. But the truth is financial leverage is only one of six different types of leverage. Worse yet, it’s the most dangerous type of leverage because it increases risk as much as reward. The other five types of leverage can both decrease risk and increase reward… at the same time! So let’s pull these five other categories of leverage out of the shadows so you know how to multiply your wealth growth by taking less risk…
Leverage – How To Fast-Track Your Financial Goals
Nobody gets rich without leverage. If you aren’t employing leverage in your business and wealth plans, it means you’re compromising the speed, time, and work effort necessary to reach each level of success. Leverage isn’t difficult to master; it’s something you can implement right away and then reap the benefits for years to come. It’s time for you to stop working harder than you should to earn less than you could. Discover how to accelerate your financial growth in this article…
Expectancy – Millionaire Math That Converts Uncertainty into Profit
How can you reliably profit from investing when the future is unknowable and the markets appear to be random? It’s the same answer that that will help you consistently grow your career and improve your earning capacity, and it will also help you reliably grow your wealth so that your financial goals are simply a question of “when”, not “if”? The answer is mathematical expectancy. This “must-learn” principle shows you how to convert an unknowable and uncertain future into statistical confidence producing a reliable outcome. When you understand how mathematical expectancy works, it will change how you play the wealth building game forever. Read this article to learn more…
FM 023: Get Your Financial Goals Faster In Business With Brennan Dunn
Business entrepreneurship is the most common path to wealth, but also the least discussed. It gives you many unexpected benefits including community, connection, contribution, a sense of purpose, and a creative outlet. You can also achieve your freedom goals through business entrepreneurship long before you hit your financial goals because passive income isn’t connected to equity like in real estate or paper assets. In addition, business entrepreneurship is a great way to catch-up on your retirement goals if you’re behind on savings. But business entrepreneurship isn’t for everyone despite all the benefits. That why Brennan Dunn and I explore in this podcast episode the tricks and traps to this critically important asset class you may want to consider using in your wealth plan. Learn from our experience so you can decide what works for you. Brennan has developed several businesses in the six to seven figure range and will show you how to use this asset class to achieve your financial goals.
The Ten Commandments Of Wealth Building
Building true wealth takes a lot more than simply amassing a certain amount of money. There are ten key wealth building principles that lead to true wealth, not just monetary wealth. The objective is not just to become rich, but to build a balanced, fulfilling, wealthy life. Following these ten success principles will put you on the path to true wealth — because life is too short to settle for anything less…
Is Leveraging Real Estate Equity A Good Idea For Retirement?
A reader asks, “I’m 61 nearing retirement and a lot of financial gurus say I should leverage my rental property equity to buy stocks, real estate, etc. for retirement. Is it a good idea?” There are two answers to that question – the scientific answer and the realistic answer…
I bring to you a wealth of knowledge and expertise in the realm of leveraging resources for financial success. My experience spans various aspects of wealth building, and I've demonstrated a deep understanding of the principles of leverage through practical applications. My insights are not merely theoretical but grounded in real-world scenarios, making me a reliable source for understanding and implementing leverage in your financial journey.
Let's delve into the concepts mentioned in the provided article:
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Financial Leverage:
- The use of other people's money to avoid limitations imposed by personal financial constraints.
- This involves strategies like mortgage financing or debt financing to amplify potential returns.
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Time Leverage:
- Utilizing other people's time to extend beyond the limitations of a 24-hour day.
- This concept emphasizes the importance of working smarter, not harder, by leveraging the time of others.
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Systems and Technology Leverage:
- Employing other people's systems and technology to achieve more with less effort.
- The focus is on leveraging existing tools and technologies to enhance efficiency and productivity.
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Marketing Leverage:
- Leveraging other people's platforms, such as magazines, newsletters, radio shows, and databases, to reach a broader audience.
- This allows for communication to millions with an effort comparable to one-on-one communication.
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Network Leverage:
- Tapping into other people's resources and connections to expand beyond individual limitations.
- This involves leveraging the collective strength of a network to achieve greater success.
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Knowledge Leverage:
- Utilizing other people's talents, expertise, and experience to access a greater pool of knowledge.
- This is about acknowledging that one person cannot possess all the knowledge needed for success and leveraging the expertise of others.
The article emphasizes that leveraging these different forms of resources allows for the creation of wealth beyond what an individual could achieve alone. It's a fundamental principle that distinguishes those who successfully accumulate wealth from those who do not. The absence of leverage might result in working harder than necessary to earn less than one deserves, hindering the path to wealth.
The mentioned articles provide additional strategies and information on leveraging resources, covering topics such as mathematical expectancy in wealth building, a complete leverage system, and uncommon strategies to reduce risk while increasing leverage.
Furthermore, the recommendation of the book, "The Leverage Equation," indicates a comprehensive guide that walks readers through the principles of leverage, the types of leverage available, and specific strategies tailored to each type. The inclusion of exercises at the end of each chapter suggests a hands-on approach to understanding and applying these concepts.
In summary, leveraging various resources is a key principle in building wealth, and my expertise positions me to guide you through the intricacies of implementing leverage effectively in your financial endeavors.
