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Do you know that leverage is basically what separates those who successfully attain wealth from those who do not. Leverage is one of the best tools to achieve financial independence with less effort.
With leverage you can accelerate your financial results, grow your wealth and even focus your attention on other things you are good at.
Leverage simply allows you to grow your wealth smarter more than you could ever achieve alone simply by systematically utilizing resources that extend beyond yours. And since building wealth requires you to work smarter, you may want to consider applying the following principles of leverage:
- Time Leverage: by utilizing other people’s time so that you’re not limited to 24 hours in a day.
- Network Leverage: by making use of other people’s resources and connections so as to help you grow or expand beyond your capability.
- Knowledge Leverage: Other people’s expertise, skills, abilities, experiences or talents to achieve more with greater knowledge than yours.
- Financial Leverage: commonly known as O.P.M i.e Other People’s Money. With OPM, you’re not limited by your own financial capabilities.
- Marketing Leverage: achieve more by utilizing other people’s marketing tools, outlets or platforms for free or paid for so that you can reach more people with your products or services.
In a nut-shell, leverage is a critical tool to accelerate wealth, it takes you beyond your personal limitations and also helps you break through the constraints that limit your financial success.
