Relying only on your own money, time, and knowledge caps how much wealth you can build. Leverage means accessing resources beyond what you have: hire people to multiply your time, or tap into others' expertise to multiply your knowledge.
Leverage is one of the master arts of creating wealth. If everything is only based on your own resources, resources of how much money you have, resources of how much time you have, resources of how much knowledge you have, resources of how much energy you have. If everything is only based on those resources, you become the bottleneck to your own success. Leverage is your ability to be able to tap into resources over and above what you already have. So what are some different types of leverage that you can tap into? Time. So that's by getting a team. Does that make sense? When you have a team around, you can tap into other people's time. Knowledge leverage. Right now you're in this room because at some level you feel I have some knowledge. Okay, so these are the different types of leverage you want to be thinking about being tapped into because it allows you to tap into resources way over above your own.
