LEVERAGE creates wealth - Steve Siebold - #Entspresso

Good morning, Believe Nation. Today's message is leverage creates wealth. Over to you, Steve Sebold. I wake up every morning, espresso keep me going.

Well, I think we're all taught that we all— we trade hours for dollars. We're taught, and I don't know about you, but I was taught in high school and college all throughout my academic career that hard work equals success, and the wealthy laugh at that. I mean, they know hard work really doesn't— unless you're talking about hard work in terms of thinking. Hard work really can get you— I mean, my dad was a bricklayer here in Chicago most of his life, and he worked really hard and he made a good living, but certainly was never wealthy because hard work typically doesn't— hard physical work especially doesn't equate to wealth. Leverage creates wealth. And how do rich people use leverage, and how do they use their thought process to get rich? Well, they leverage everything. It's one of the greatest lessons I ever learned from the wealthy in the last 26 years of interviews. They leverage their education, their contacts, their knowledge, their money. They leverage everything to help them build greater wealth.

I don't think that I agree with the tenet that hard work doesn't create wealth. I think if you look at the wealthiest people who've built it, not inherited their wealth, they work insanely hard. But I do agree that leverage does create wealth and leverage creates opportunities. And leverage lets you do the things that you're best in the world at. I think too many entrepreneurs try to do everything themselves and don't realize that there are easy ways to get people to help you. And it doesn't have to cost you a lot of money, right? A lot of people think, oh, I need to go out and spend $40K to hire somebody to help me. And I don't have that kind of money. I'm not even making that kind of money yet. It's one, you can hire people part-time. It's 2, if you are standing for something important, have a powerful mission, you can get people on board who wanna join you because they love what you're all about. It's 3, tapping into the connections and resources and people in your family and community and friends and neighbors and seeing if they can lend some assistance at the start. It's just getting out of the mindset that you have to do everything yourself. As long as you try to do every single thing yourself in the business, one, you'll never get to where you wanna go, because you're doing a bunch of stuff that you're not good at, have no intention to be good at, but you just kind of grind your way through it. But if you're only spending 10% of your time doing the things you can be great at, how can you build something great? How can you build that great company? And so as soon as you can get into that mindset of, I need to build a team, I need to have people around me to support what I'm weak at, that's when you start to create real leverage and build something that matters. So the question of the day today is, I'm curious, how big your team is. Are you a solo entrepreneur? Do you have people on your team? Are you looking at expanding and hiring? What's your thought process around it right now? Leave it in the comments below. I'm going to join the discussion. Thank you guys so much for watching. Have an amazing day. Continue to believe, and I'll see you again tomorrow morning for another shot of espresso. I wake up every morning with espresso, keep me going.