KLE 90: The Power Of Leverage

  • Posted by
  • November 15, 2010

No Gravatar

Read personal finance books and you’ll come to believe that the secret of wealth is in the so-called ‘power of leverage’.

And, they are right!

But, only partly …

You see, leverage is usually equated to financial leverage, the kind of leverage that lets you purchase a $100,000 house with $5,000 down. But, there’s so much more to leverage than mere money!

The kinds of leverage that you need to apply in order to maximize the sheer wealth-building force of the $7 Million Dollar Formula includes:

Note: You need to be a Premium Member to view this content:

Now, that’s the true power of leverage!

Be Sociable, Share!

Information and Links

Join the fray by commenting, tracking what others have to say, or linking to it from your blog.

Information
November 15th, 2010
2 Responses
Feeds and Links
Comment Feed
From This Author
Del.icio.us
Digg
Technorati
Categories and Tags
MM201
, , , , , ,

Other Posts

Write a Comment

Take a moment to comment and tell us what you think. Some basic HTML is allowed for formatting.

You must be logged in to post a comment. Click here to login.

Reader Comments

Comment Number:
1
Written by:
flexi672
Posted on:
November 15, 2010 at 3:48 pm

OPM+OPT+OPK+SYSTEM=TRUE LEVERAGE
OP=OTHER PEOPLE – MONEY -TIME- KNOWLEDGE
THE DUPLICATE ETC ETC

Comment Number:
2
Written by:
AJC
Posted on:
November 15, 2010 at 10:32 pm

@ Flexi – Nice formula! Typically, people talk about using OPT (employees) and OPM (partners and bankers) to find the path to wealth.

But, if you want to move your Annual Compound Growth Rate from, say, 0% to 10% (typical business) to 50%+ (7m7y business), then OPK (which can include systems, both hard and soft) is the one that will swing it. It’s not hard to prove by running a few numbers …

And, you can throw all the OPM/OPT you like at your stock portfolio and you’ll end up with zilch unless you apply OPK.

(BTW: your OWN knowledge almost always starts out as OPK (this is called ‘education’) unless you’re Einstein, and the K you are after = MC2 😉