Todd Polke explains five types of leverage for building wealth: financial, time, knowledge, systems, and network. He uses outsourcing house cleaning as an example of time leverage, then asks where you could apply leverage in your own life.
Leverage, the true master art of wealth creation, is where you can grow beyond your own limitations. So what are some different types of leverage? Who remembers? Financial leverage. What else? Time. What else? Knowledge. What else? Systems. Network. So where do you need to go around your life and apply the principle of leverage? This could be simple things like— to me, leverage is I don't clean my own house. It's a type of leverage. Does that make sense? Yes. Hours spent cleaning my house, I could do something else which would make me infinitely more money than what it would cost me to clean my own house. And you might be going, well, I can't do that right now. What, what one thing could you start doing? I wonder what that would be.
