Tuesday, August 30, 2011

INSIGHT: Leveraging Power, Are You Using Yours?

Rich Dad's Advisors: OPM: How to Attract Other People's Money for Your Investments--The Ultimate LeverageThere are several lessons i have learned during my time in this business and today i would like to share one such lesson with you. The network marketing industry has taught me how to leverage my time by working smarter, not harder! I also learnt that time is the most valuable commodity I have and if I valued each second and invested it wisely, I would master skills which would be valuable to the marketplace. My mentors have taught me how to leverage my time. All successful people leverage time and that is why they have freedom, freedom to do what they please. Once you learn how to multiply your time through the power of leverage, you too can attain the same freedom.

How much time can you save in a day? No matter how motivated or educated you are, you, like many of us, still only have 24 hours in a day, so how can you use those hours to get so much more output than the average person? Leverage, to be more specific, time leverage. Successful people do not think in terms of saving time. They think in terms of leveraging time. In other words they are constantly looking for better answers to the question: "How can I get better productivity in each 24 hour period?" This is the essential question that you need to answer in order to discover how to best leverage your own time.

This post you are reading now is a perfect example of how i leverage my time. It requires only a small amount of time for me to write and because it is published on the blog, hundreds of people will read the post. If I were to teach what is in the post to each person individually then it would require months of my time, yet I achieve the same teaching in the short time it takes to write the post.

Time is not only the most important resource, but it's also the most limited resource. We all have only 24 hours in a day. No more, no less. The greatest technique to riches followed by the crème-de-la-crème has always been the concept of leverage of time. Since time is limited and we cannot duplicate time, it is important for you to know how to leverage your time and money by duplicating yourself. Duplicating yourself simply means teaching someone else to do what you do. When the two of you each teach another person, you "duplicate yourself" again. Over time, this process of duplication becomes automatic and "self running". This is what you want and when that happens, you can decide to reduce your efforts, thus freeing up more time for you!

The process of time leverage gives rise to what is called leveraged income. Leveraged income can be defined as the income derived from the efforts of others. Unfortunately the majority of people in the world today earn a linear income, which basically means that they trade their time for money and unfortunately no matter how clever they are or how high their hourly rate, they are still restricted to only 24 hours in a day and therefore a limited earning potential. Time leverage on the other hand, allows you to use the time and efforts of others to create an income. By learning to leverage your time, you can financially benefit not only from your own efforts, but from other people’s efforts as well.

Time to put all this into perspective. Let us assume that you have only 8 hours for work on any given day and that you work for only 5 days in a week. Remember, there are 52 weeks in a year, but let's assume that you work for only 40 weeks in a year. Also that you started earning at the age of 20 and hope to retire at the age of 60 and that you are currently earning $200 per hour. Using these assumptions, how much money will you have earned by the time you retire? $ 12.8 million, pre-tax. How much is left after paying taxes is up for you to imagine. It is a grim but true reality.

Knowing how to multiply your time, then, has never been more important. After all leveraging time helps you leverage wealth. This is why time is money. To get to the stage where you can start to leverage off the time of others, you have to do the physical work first. This is the definition of working smarter, not harder. Qnet allows you to use the power of leverage without having to quit your current job, if you are lucky enough to have one during these tough economic time and all that is required of you is a one time up-front investment by purchasing any one of the many products offered.

There are thousands of people just like you joining Qnet every week and you can be one of them. Qnet allows you to help others succeed without creating competition, instead you get to leverage off their success, ultimately contributing to your own success. The power to earn leveraged income is open to anyone who is willing to succeed. To find out how you too can start earning leveraged income, please visit the Qnet website, post a comment or email me directly and i will get back to you.

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