🌳 How Leverage Can Make You A Millionaire

QUOTE OF THE DAY

In simple terms, If you’re not giving enough attention to those things that matter then nothing you set out to achieve will come to reality. Eliminate the distractions to focus on whats important.

HOW LEVERAGE CAN MAKE YOU A MILLIONAIRE

Leverage is the idea of using something that already exists to your advantage, to further your own cause.

A common case of leverage in play with business is with a marketing agency. Someone may have the skills of social media marketing but no product or service to sell in order to utilise their skills which means they have two options. Either they build their own product or service or they find an already existing one and use their skills to market that.

They find companies that are established and would benefit from their skillset in which they could use their skillset, make their money and then take a % of that money for themselves - Leverage in its glory

There is always leverage in life, In every situation and those that understand it and know how to spot it can use it to their advantage. So how can you use it?

Financial leverage: Financial leverage essentially means using other people’s money to gain rewards.

Time leverage: Time is the scarcest resource – yet we all trade it away every day when we go to work. Time leverage is therefore one of the most important kinds. It means using other people’s time to accomplish your tasks, essentially giving you more hours in the day.

Personal leverage: Personal leverage, or relationship leverage, is vital to every area of your life. When you surround yourself with the right people and use those connections to get things done, you’re using the power of leverage in the best possible way.

It’s a similar Idea to ‘you don’t have to recreate the wheel’. Focusing on using something that already exists to further your own cause. This will save you time, stress & money depending on the situation that you use it in.

A good example of this is if you want to get your foot in the door of a new prestigious job firm. You could either try your best to get there on your own or leverage a connection you may have that can put a good word in for you to further your own cause.

ACTIONABLE NEXT STEPS:

Look for leverage, you may use it every day without realising it but you can always use it more. There’s always more leverage to go around!

TAKEAWAYS:

You don’t have to ‘recreate the wheel’. Focusing on using something that already exists to further your own cause.

BOOK OF THE WEEK ⤵️

The book of the week is ‘The Art of Thinking Clearly’ By Rolf Dobelli. A book that aims to illuminate our day-to-day thinking “hiccups” so that we can better avoid them and start making improved choices. Using both psychological studies and everyday examples. Check it out HERE

CREATOR OF THE WEEK ⤵️

The creator of the week is @filmwithlou, a lifestyle/motivation creator that makes extremely well-edited content all focused on helping you become a better person. He shares lessons in a super creative way that you haven’t seen before! Check him out HERE

LESSON OF THE DAY ⤵️

The way to maximize your success is to uncover what you're naturally good at, and then hone that skill until you're the best at it.

You'll never meet a broke person who's the best in the world at something useful.

When you live true to yourself, things start falling into place.

Did you like this email?! Tell us what you think by replying to this email, any feedback helps us to improve your experience and make The Kaizen better.

The Kaizen is now offering chat support. If you have any problems, Issues or queries or just want to have a chat and some advice from our team, reply to this email and we will get back to you when we can (:How this term called leverage can make you a millionaire