May 7, 2010
The Awesome Power of leverage.
The Awesome Power of leverage. Archimedes created the lever of which he said: #147;Give me a lever long enough and fulcrum strong enough and I can move the world.#148; In business, that same concept is called leverage. Leverage is the power to control a lot with just a little. Big doors swing on little hinges. In the business world, there are five kinds of leverage. OPM#151;which means Other Peoples#146; Money. In real estate investing we buy residential real estate with ten percent down and yet we control one hundred percent of the property. Bob Allen#146;s classic book, Nothing Down, teaches how to achieve ultimate leverage: how to buy property with little or no money down.Thousands of people have become millionaires using this system. OPE#151;is Other Peoples#146; Experience. It takes too long to learn it yourself, so borrow or learn from others. The easiest way to become rich is to apprentice personally with someone that is rich. Learn all they know, meet all their contacts and do what they do#151;do it even better. If this isn#146;t possible, read their books, listen to their tapes, watch their videos, interview them, if possible, and attend their seminars. One idea you learn can save you ten years of work effort. Leverage is about maximizing your results in a minimum amount of time. Therefore, absorb lifetime bodies of information and insight#151;congealed into instant usability just for you#151;in the forms of books, tapes, CD#146;s, films, videos and seminars. This is the cheapest and quickest way to gain OPE. OPI#151;stands for Other Peoples#146; Ideas. When Mark wanted to become a professional speaker, he attended the National Speakers Association meeting in 1974. Cavett Robert, the Dean of Speakers and co-founder of this association talked about how to create multi-authored books. Within a month, Mark had adopted the idea and created a book with Keith DeGreen called Stand Up, Speak Out and Win. They enrolled fourteen co-contributors who each invested $2,000 to obtain 1,000 books each. It was Mark#146;s first zero cash investment. He capitalized on someone else#146;s idea to personally earn $200,000 in that year (selling 20,000 copies at $10 each.) Your objective is to associate with people who can share with you their powerful money making ideas. OPT#151;is Other Peoples#146; Time. Individuals will sometimes volunteer their time in certain circumstances, but most will sell you their time, talent, connections, resources and know-how relatively inexpensively. Leverage yourself with professionals who are excellent and unique at employing their abilities. OPW#151;Other Peoples#146; Work. Most people want a job. They want security, rather than opportunity. Hire and delegate to them everything that you don#146;t want to or can#146;t do as well. Leverage yourself through other people and grow. Millionaires are masters at using all five kinds of leverage. copy; 2001 Mark Victor Hansen and Robert G. Allen Contact Robert G. Allen at boballen@robertallen.com or visit his website at www.robertallen.com Permission granted for this excerpt from the forthcoming blockbuster, The One Minute Millionaire with Mark Victor Hansen; Permission granted for use on DrLaura.com.

Posted by Staff at 1:43 AM