Friday, June 27, 2008

The Definition of Leverage

Do you know that there are people who earn more than 1 million dollars/year in income (who are not athletes or entertainers)? Do you also know that there are people who make less than 25k/year after taxes, yet they work more than 40 hours/week?
What is the difference between these two types of people. Is the millionaire a better person? Does he/she work harder? Is he/she smarter/more talented/more charming/more driven/more dedicated/etc.?
The answer is no. The fact is, it's none of these things. The fundamental difference, is that individuals who earn millions of dollars understand the power of leverage. The millionaire earns income not only from what he/she does, but also from the efforts of other people.
I invite you to view this video by Robert Kiyosaki, best-selling author. He describes, in detail, why a network marketing business is the most sensible vehicle someone can use to create more leverage for themselves.