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[Wisdom Letter #165] Leverage 📈
Multiply Your Output
Welcome to Wisdom Letter #165
Today we are talking about the mental model of Leverage.
“Give me a place to stand, and a lever long enough, and I will move the world.”
Before we dive deeper, I have an important announcement for you -
📢 Important Announcement
Registrations for the November cohort of the Indie Masterminds program close on 31st October.
If you’re looking to start a side hustle and build a one person business, then the 4 week program will help you get clarity, direction and focus in your journey.
Private Mastermind Group🧠
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I facilitate every session and make sure that you always get immense value from the program. Members have reported increased revenue, productivity and focus towards their goals.
This is the last time the program is running this year, and the last time at this ‘no brainer’ price point.
Also, there’s a 100% money back guarantee. So you’ve literally got nothing to lose 🤷
If you have any questions, feel free to hit reply and I’ll get back to you FAST.
Now, onto today’s topic -
🤔 What is it?
Leverage refers to the use of a small tool to amplify the output. It’s like an advantage (tool) you use to have a larger impact with the same effort.
The most elementary example of leverage is using a long lever to lift multi-fold weight with minimal effort👇
How it works
A lever long enough can help lift the largest of weights with little effort. The effort required to lift the weight is dependent on the length of the lever and the position of the fulcrum.
In life, identifying the lever (the advantage) and the position (where to apply the advantage) can give you the multiplier effect.
Why it matters
Once you know what your levers are and where to apply, you can double down on building more leverage.
The high leverage activities give you the greatest impact.
The most important aspect is identifying the levers and working towards improving them.
Where it works
Leverage as a mental model can be applied in all walks of life.
People as leverage - Ex. Hiring an assistant can free up time to focus on your business. Hiring employee(s) is the lever and choose what to outsource to them is the fulcrum.
Money as leverage - Ex. When starting a business, those with significant capital can have higher budgets across the board. They can hire better talents, experiment often, scale - all with more ease than their counterparts who don’t have capital leverage.
Media as leverage - Ex. You make a Youtube video that teaches people the skill to make money from Etsy. The effort put in making a video is the same whether it is watched by 10k or 10Mn. But the power of the internet gives you the leverage of scaling infinitely.
Code as Leverage - Ex. Making software can help you reach millions and thousands with the same effort. The power of the internet makes code leverage.
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Quote to think about -
“People without leverage work for those with leverage” - Robert Kiyosaki
Question to ask yourself -
Which high leverage activities do you do on a daily basis?
How can you eliminate low leverage work and increase high leverage work?
Are your money and time investments giving you leverage building assets or leverage reducing liabilities?
Think about it!
More from us -
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