Thursday, September 11, 2008

Leverage: A Secret of the rich!

Everybody in the world has twenty four hours in a day. The poor and the rich yet some people make millions and billons of dollars and some are poor. We all have the same fundamental nature outwardly; we have one head, two eyes, one mouth etc. but the difference lies in the way we think and reason. Everything that exist whether magnificent buildings, cars, clothing designs, business, name it, was preceeded by a thought or thoughts. If this is true, then we can think our way into riches and into poverty as well. The truth is that we attract what we think to ourselves.
One of the golden rules of the rich is never to do by yourself what you can pay another person less to do for you. Let me give you an example of time leveraging. If you do a job that pays you $30 an hour and you work for ten hours your total money for the job will be $300 dollars. If you decide to train some less skilled people with your simplified systems and pay them $15 an hour, your gain will be $150 but if you have ten of such systems your gain becomes $1500 and you will still have time for other money making activities. You must setup systems (which can be compared to computer programs) which should be adhered to. In business you should never do anything other than the mental and highly skilled job of creating new systems or improving on existing systems.
The rich value time. To the rich, time lost is money lost. If you want to really become the rich person you have always dreamt of, then you must begin to plan your time. Focus on doing things efficiently. It is not the number of task that you perform in a day that matters but the efficiency i.e. the manner with which it was done and the positive results arrived at within a particular time. Don’t let anything steal your time, for it is your resource.
Use computers that are virus and spyware free because they save your time. By doing this, you are buying your time at a cheaper rate for a much greater reward. We are in an information age where computers are used to achieve much more at a faster rate. Don’t let that virus destroy your computer, get rid of it using an anti-virus. Remember, the man that masters his time masters his life.

1 comment:

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