The One Word Secret That Makes The Rich So Rich

By: James Delrojo
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[ Posted On: 2006-12-11 ]

I'm sure that anyone reading this article already knows that the rich don't get rich by accident. But no matter how motivated or educated a person is, he or she still only has 24 hours in a day, so how do they use those hours to get so much richer than the average person? They apply a one word secret that will work just as well for you if you use it.

That one word is leverage.

A lever is a device that multiplies the effort applied. Archimedes once stated 'If I had a lever long enough I could move the world." The concept is the same for wealth creation; if you apply enough leverage then you can achieve any level of wealth that you imagine.

That immediately raises two questions. Firstly, how do you leverage? Secondly, what do you leverage? In order to determine the how we first need to know the what, so let's start there.

There are 20 key success principles that need to be leveraged in order to maximize your success within the minimum possible time, but in the space of this article I've chosen to discuss only leveraging time.

Time is the most valuable resource that we have, we each have exactly the same amount each day (24 hours) and once it is gone it is gone for good and can never be brought back, therefore the concept of saving time doesn't make sense. (If you save something it is there for future use.) The self made rich don't think in terms of saving time the 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 article that you are reading now is a perfect example of leveraging time. It requires only a small amount of time for me to write yet, because it is published on the net, thousands of people will read the article. Many of those will take advantage of the free offer in my resources box and get the free ebook. If I were to teach what is in that ebook to each person individually then it would require years of my time, yet I achieve the same teaching in the short time it takes to write the article. The article is a time lever, the internet is a time lever, and the ebook is a time lever.

If I decided to work an 8 hour day writing articles and publishing them on the internet I would be helping educate many thousands of people for free and in return this would lead to many sales of my other programs. In that way leveraging time leads to much more profit than would be possible from a one to one use of the same 8 hours.

This form of leverage is called distribution leverage and is used by musicians via CD's, actors via movies and television, authors via books, public speakers via seminars and teleseminars, and so on.

Another form of time leveraging is delegation. The principle here is that you are recruiting other people's time to increase your desired results. This could be via employees, outsourcing or volunteers.

Now what about you? How many different ways can you think of to leverage your time in order to increase your personal profit?

If you learn to leverage your time and combine that with leveraging the 20 key success principles then riches will flow to you, but those are techniques I teach elsewhere. For now, make the effort to think of ways of profitably leveraging your time and then put those ways into action.

Article Source: http://www.afroarticles.com/article-dashboard

About The Author: James Delrojo -- would like to help you by giving you his ebook "Unleash the Success Power of Your Mind" (valued at $27) completely FREE. Go to www.YourSuccessMind.com

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