How can a simple, 3 step Leverage Formula help you make more income this year, than in the last 5 years?
How can a simple, 3 step Leverage Formula help you make more income this year, than in the last 5 years?
As Property Investors grow, build portfolios and make money, and generally bridge the gap between a previous job, grumpy boss or life lived on 2 cylinders, they all hit ‘The Wall.’
‘The Wall,’ is totally unavoidable if you want to be rich. You have to hit it. Sometimes you have to smack it, and sometimes you have to completely crash into it. Sometimes you try to climb over it, but it’s too high, sometimes people spend years thinking about how much it hurt when they last hit it.
This ‘Wall’ is also a wall with land on two sides. On one side of the wall is a life of quiet desperation, living to the demands of others, without choice or control, no sense of freedom, meaning or personal achievement.
On the other side of the ‘Wall’ is the green grass that everyone wants to graze upon. The freedom, the choice, the money, the fame and the rewards.
This ‘Wall’ is the ‘Wall of Leverage.’ It’s your ability to get more done in less time by more people, in more ways, in more places, better, faster, harder bigger and stronger.
From being a struggling artist £30K in credit card debt working 20 hours day in 2005, to having the best part of 100 employees and contractors working to help sail the Progressive ship, we’ve certainly learned a thing or two about the ‘Wall of Leverage.’
Don’t get me wrong here, I’m not trying to impress you: we’ve made every novice mistake in the book. Sometimes many times over [Big sin apparently].
In reviewing the successes and failures, and being able to take a look back with gratitude at what we’ve created in the Progressive Community, here is part 2 of the Progressive rules on Leverage and getting over ‘The Wall.’
Go someplace quiet, without any distractions and really focus…it will be well worth it
Leverage First. Manage Second. Do Third.
You get to work in the morning, or downstairs in your home office.
You get a coffee on the go, potter around and open your emails and log into to your social media sites, and before you know it, its 11:30.
You’ve achieved nothing, you’ve been dragged into other people’s work, and you’ve no idea what you were actually supposed to be doing today.
Your even busier than when you started, and your time is being wasted by others, solving their problems, putting out their fires.
This is most people’s life. I’m not here to teach you to suck eggs. You know how to write to do lists. You know to put the most important tasks first, and only move on to number 2, when you have finished no. 1. You know to stay focused, you know to plan your to do list the night before the next day, and you know that if every day you were as focused as the day before you go on holiday, you’ll be a millionaire, Rodney.
But why is it that it’s not there yet, no matter how hard you work? Why can’t you break the cycle, how does the world keep doing this to you?
Well the formula is actually quite simple, the big question before I give it to you is, do you have the discipline to see it through. Are you really committed to making the easy little thing that holds your keys to wealth a rule, a discipline, a way of life?
OK.
Before you do any tasks, work out what you can leverage out – tasks that others can do, money that other people can lend on your properties, contacts that your contacts have who can save you the time, the money, or the task
Don’t even dare think about what you have to ‘do’ – yet!
Then once you have assigned all the ‘tasks’ from your list that you can, then move to step 2 – ‘Manage.’ Your smart, you know you can’t just fire a task out and it comes back folded, ironed and starched. You gotta manage that through, give feedback, check in, get reports, see that deadlines are met, and guide that baby through to completion.
You’ll have plenty outstanding [and you’ll even hire people to manage the managing]. Guide them in, but ONLY once you have set all the leveraged tasks first.
ONLY THEN is it on to step 3. ‘Do.’ Sure, not everything can be leveraged 😉 Some things you have to do because it will cost your business too much for you not to. It might just be that a lot of those doing tasks end up being spending time with your family, doing the things you love, with the people you love, in the places you love.
Break the rule, you get sucked back in. Stick by the rules and the world will stop blocking all your money.
