Archimedes (the mathematical legend) said something to the effect of, “Give me a lever long enough …and I shall move the world.”
This principle remains valid today in engineering as well as in finance and in business.
Today our levers are not simply a large plank of wood. They can be leveraging the ideas and wisdom of others as well as the finance of others. It is one of the many reasons why wifey and I love investing in property. We can get some excellent leverage financially and from other’s experience. I have blogged in detail about this recently (Click here to read it)
While we are living in one of the most affluent of times and the quality of life that most of us experience has never been higher, I believe it is still important to plan for the future. I am in the age group where I will not have a pension available. Laws on super keep changing for seemingly political reasons. So I am using leverage NOW to build a better future.
What about you Friends?
Are you taking advantage of the leverage available to you? Are you fast tracking your skills sets by learning from others? Are you using your finance in an intelligent way to maximise its growth?
Quite simply, have you Got Leverage?