Tuesday, November 20, 2007

The Power of Leverage

I have to say I love being a part of a business where $50,000 weeks are commonplace!

When I used to work a J.O.B, I was constantly trading my time for money...work an hour, make money for an hour. That's what most people do!

In fact, John and I were having a great conversation to day about "discount cards". You know...the cards you get from just about every store that you bring in to get special discounts or coupons.

Well, John went to Hallmark to get me a card (he's such a sweetheart) and the cashier was pressuring him to get the Hallmark discount card. She was so annoying about it, he finally gave in. And, then, as he was about to leave, she was telling him about all the coupons.

All this to get 10 cents off a $3.00 card. When John shared the story with me, I thought, she probably was so intent because that $3.00 seems expensive to someone making $7.00/hour. Think about it...she has to work almost 1 hour (after taxes) to make enough to buy the card.

And, if she wants to make more, she'll have to work more hours, maybe work some overtime, etc.

She doesn't understand the concept of leverage...benefitting from the efforts of others so the discount cards suddenly become absolutely meaningless in life!

The only way to true wealth is leverage.

So, how does someone achieve $50K in a week? It certainly isn't from trading time for money, it's from using leveraged systems...systems that employ duplication and allow you to leverage your time with others efforts and experience.

To learn more about leverage, go to http://www.realwealthrightnow.com/entrepreneurs.htm

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