THE POWER OF LEVERAGE

When you buy a house you put a down payment of 10% or 20% or whatever. The rest of the money is lent to you by the bank in what we call a mortgage. What you just did was leverage the bank`s money.

If you are a manager in your company and your boss gave you a huge job do to you would go to the people you manage and through delegation and supervision would get them to complete the job. There would be no way for you to complete such a huge job in the time allocated without you leveraging the time of others.

The wealthiest people in the world know the great secret of leverage. You too can become very wealthy if you learn this wonderful Power of Leverage. Here are the two great keys of this secret!

1- You can Leverage other people`s MONEY to make you money.
2- You can Leverage other people`s TIME to make you money.
3- But here is the most important key – It must be a WIN for them and for you.

Take Control Of Your Financial Future

My 24 year-old daughter does not drive and I see her constantly depend on others for a ride. She gets pretty sick and tired of depending on others, being late because of others and not being able to go wherever she wants to without it costing her a fortune in taxi fare. However, I guess she is not sick and tired enough yet because she still does not have her driver’s license.

I tell you all this because I want to ask you this:

Who is driving your Financial Car? By putting your financial life in the hands of others do you think you will ever get rich? Do you think they can care about your wealth as much as you could?

Just over two years ago I decided to get my financial drivers license. And all that means is that I started to read and study everything I could on money. I started with just 15 minutes a day and I have to tell you I was bored silly. But soon I got up to 20 minutes a day and then 25 and then 35. Within about 6 months I was spending 2 to 4 hours a day reading every financial website I could find. I bought magazines like Money Sense, Inc, Forbes and Fortune to name just a few and I would read them while waiting in the car while my wife went into Wal-Mart. Or I would read while taking the transit to an appointment.

Everyday, my affirmations were, “I am a Financial Genius” – “I am a Financial Guru” – “Everything I touch Financially Turns To Gold”. These words increased my appetite for financial information and I voraciously fed on all the free education available on the Internet. These words became a self-fulfilling prophecy as everything I seemed to touch turned to gold.

As 2006 comes to a close I hope that with it comes an end to financial mediocrity if that is where you are at.

In 2007 take control of your financial life by making financial information and education a cornerstone of your life. And you can start right here. If you have not done so already subscribe to this Blog. You can do that by entering your email in the space provided towards the upper right side of this Blog.

2007 can be your best year ever financially if you take charge. You don’t have to do it alone but you do have to Make A Decision to DO IT!