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Friday, February 23, 2007

Leverage :: The must-have tool for Financial Freedom

When I embarked on my journey towards financial freedom, my mentor taught me a very vital lesson on Leverage.

He said, "With leverage, one can then get things done by not being there, earn money when one is enjoying, enjoy life when the money keeps rolling in."

Leverage, to me, is the foundation necessary for financial freedom. Leverage, in layman terms, is to utilise the effort of others; to tap on a system to enable you to get your hands off the business and let the entire machine generate the profits for you.

How to Leverage?

The Answer is WORK YOUR WAY UP.

If you are a newspaper boy, delivering newspapers everyday, A STEP UP would be upgrading yourself to manage a team of newspaper boys, and earning a cut from the delivering.

A working system that can help you gain leverage is the network marketing business.

If you are currently doing a retailing business, you might think of WORKING YOUR WAY UP to become a wholesaler or distributor. Or, instead of managing the business yourself, train someone up, develop trust between each other, and relief yourself from the business.

Leverage means hard work first, reap profits later

Initially you may find yourself working hard to establish a system or train the people to do the job. However, the end result would be fulfilling and it would be bringing you closer to financial freedom!

1 comment:

Unknown said...

Making your own business system is the best way to achieve financial freedom. The network marketing business is the most popular business trend of recent times. Anyone can establish a business through hard work. It’s not a matter of how small or large your business is! Just make and manage a team of hard working people. Start right now to work to attain a goal. After some hard working days/months you will get the reap fruits. I myself have tried and succeeded to establish a team. Now all the members of my team earn much more than they used to and are running on the right track to attain financial freedom. Work hard; learn all you can and you will also get the result.