The secret of wealth creation
Let me ask you a question… do you consider yourself a hard worker? Most likely (considering the fact that you opened this article) it is. Leave me another question… with all the hard work you’re putting in, are you where you want to be financially? If not, there is a principle you must learn to apply… Leverage.
You see, we are only given a certain number of hours in a day. And we’re human, so there’s a limited number of things we can accomplish in a day. Knowing this, you must learn to harness whatever knowledge and tools you can to put yourself on a much quicker path to wealth.
Compound interest would be an excellent example. When your money earns a high rate of return, your money is basically working for you. Instead of you working for your money, your money works for you. The more you save, the faster it will grow.
Another big area to consider would be technology and the Internet. Did you know that you can practically automate your entire business? Get more and more prospects, introduce your product and close the sale, and even follow up. These are all tasks that can be automated and executed over the Internet. The most beautiful part is that your business can run while you sleep!
You can even learn to take advantage of tough times, like this recession we’re going through. The market is not working very well and it is the best time to buy. Usually what happens in the market crash, everyone starts to sell. He should have sold when he was high, but he waited too long and lost. There is only a small percentage of people who actually BUY in these types of moments. Buy low, sell high. Very simple rule and the perfect way to take advantage of market dips.
I believe that the most powerful source of leverage is knowledge. Did you know that 50% of high school graduates NEVER read another book? And of those who went to college, 80% never read a book afterward. It doesn’t take much to beat the crowds. Keep growing as a person and increasing your value. The more knowledge you have, the more value you can offer people. The more value you deliver to people, the more money you will earn.
Try to think of some examples of leverage that you can use to get your life going.