Leverage, How Much Do You Need For Success?

Alecia Stringer Feb 25, 2013 · 2 min read

Restored from the Empower Network archive (2011–2017), lightly edited to meet our current advertising standards. Views are the original author’s.

Leverage – What is it?

Come back HERE for the hangout at 7:30 PM February 25, 2013!

Achieving much more with the same effort

Achieve more with the right lever.

“Give me a lever long enough and a place to stand, and I can move the Earth.”
– Archimedes

To lift a heavy object, you have a choice: use leverage or not. You can try to lift the object directly – risking injury – or you can use a lever, such as a jack or a long plank of wood, to transfer some of the weight, and then lift the object that way.

Which approach is wiser? Will you succeed without using leverage? Maybe. But you can lift so much more with leverage, and do it so much more easily!

So what has this got to do with your life and career?

The answer is “a lot”. By applying the concept of leverage to business and career success, you can, with a little thought, accomplish very much more than you can without it. Without leverage, you may work very hard, but your rewards are limited by the hours you put in. With leverage, you can break this connection and, in time, achieve very much more.

Note:
We’re not referring to financial leverage here. Financial leverage, using “other people’s money” to grow your business, can be a successful growth strategy. However, it’s outside the scope of this article.

Levers of Success

So how can you apply leverage to your career? And how can you achieve much more, while-if you choose to-reducing the number of hours that you work?

To do this, you’ll need to learn how to use the leverage of:

Time (yours and that of other people).
Resources.
Knowledge and education.
Technology.

What stops many people becoming successful investors isn’t what they know or don’t know. It’s what they think they know that isn’t so that stops them moving forward.

They say things like:

• I can’t afford that
• I can’t do that
• I already know that
• That’s wrong
• I tried it once and it didn’t work
• That’s impossible – you can’t do that.

If you want to become truly wealthy you will need to open your mind to new ideas and develop the skills to take on the possibilities greater than your current abilities.
It’s just too hard to become wealthy from a perception or reality (because your thoughts – your perceptions become your reality) of lack and limitation.

Be sure to enter your questions on leverage below in the comments!