Leveraging to be RICH
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When I think of how people make huge amounts of money the first thing that comes to my my mind is that they have the resources. Now even if they don’t they have the ability to creadte them .Leveraging is one of the ways to create resource .In Robert Kiyosaki’s book, “Rich Dad, Poor Dad”, I learnt that one of the key ways to creation of wealth and to financial freedom is knowing how to use OPM - Other People’s Money and OPT - Other People’s time. That is leveraging on other people’s time and money.
The rich have long known about this powerful concept and almost all have applied and used this principle in attaining their wealth.
People like Jean Paul Getty, the first billionaire in America, as well as Donald Trump, Henry Ford, Robert Kiyosaki and almost every wealthy individual understood the power of leverage.
However, this should be a win win situation for the both ,do not get the wrong impression that we have to take advantage of other people’s time and money to reach our financial goal. It is just an action of mutual benefit.
Metwork marketing, franchising are a few powerful tools to leverage on other people’s time and money.Banking, stock market and real estate are examples of those activities that take advantage of leveraging on other people’s money. By allowing other people to use your money, or by using someone else’s money, you share in the profits that are generated from these venture or activities.
Leverage creates a win-win situation for all.
In Robert Kiyosaki’s Cash Flow Quadrant, one of the difference between an ‘S’ (Self-employed), and a ‘B’ (Business Owner) is knowing and able to leverage on other people’s time and money.
A self-employed does not know and will not delegate. They think no one else can do better than them and will try to handle everything all by themselves, which cuases them to stay small and working hard. They will be sweating their way to success.
On the other hand, a Business Owner will leverage on other people’s time and money to ramp up the business as quickly and efficiently as possible. It is simply too hard and time consuming to attempt to create a business without leveraging the resources of other people, which includes not only money but also other people’s time and abilities.
This is a time when you have to be smart and efficient in your work , results matter, time matter . or you will be left out . Leveraging gives you an edge over the others.
“The only difference between a rich person and poor person is how they use their time” Robert Kiyosaki
Learn from Robert Kiyosaki and other world’s best gurus…..on your way to success and financial freedom, inspired…
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Gagan.
