>>Personal Life Leverage
The smartest entrepreneurs I know are those who understand leverage and quickly figure out how to work less and earn more.
If I’d have been taught these personal Life Leverage strategies before the age of 25, my life would have had so much more freedom, choice, time and income.
You see every successful businessman and woman who’s ever made any money knows it’s not get-rich-tomorrow-afternoon-quick.
But, there are non-get-rich-quick, get-rich-quick strategies and principles that the mass population simply don’t know.
And that’s personal life leverage my friend : -)
“Small Causes Create Big Results”
Set a goal to outsource as much of your personal life chores as you possibly can, as quickly as you can. Everything that spends or wastes time should be outsourced NOW. It is burning time you can never get back and reducing 80/20 monetary compounding.
Here are areas of your life you can almost immediately outsource now to preserve your time and increase your IGV:
>Purchases online inc. research
>Booking travel tickets [flying, trains, etc]
>Ripping CD’s & copying/sharing files
>Instructions, doing complex tasks & research
>Renewals [insurance, change of address, etc]
>Taking car to service/journeys to collect & deliver things
>Nanny >Paying bills [Credit cards, BACs, utilities]
Much of your ‘personal’ work and chores are holding you back from success, and most people are working too hard to be rich. Any ironing, cleaning, gardening, driving, cooking, housework, car maintenance, shopping and so on brings in zero revenue but takes lots of time.
Unless you are lucky enough to have a husband or wife that does all that [and loves to do all that for you ;-)] then you could be spending 10 or even 20 hours a week on time wasted and time spent tasks, trying to save a few quid but costing yourself thousands.
A millionaire may have an averaged work time value [IGV] of £5,000 or more per hour. So 10 to 20 hours doing these low level tasks would cost £50,000 to £100,000 of opportunity cost cash. And it would probably only cost £10 to £20 an hour to outsource each of these tasks.
People think that millionaires have these luxuries of service because they are millionaires, but the reality is they became millionaires by valuing their time highly, only doing the highest IGTs and outsourcing/leveraging the rest.
In addition to personal benefit, you get to increase economy and local employment, you serve more people and therefore you will attract more goodwill and money back to you by outsourcing parts of your life that hold you back a lower IGV [Income Generating Value].
Start picking them off one by one. Don’t see them as a luxury, see them as a necessity. Use family members at first to keep money and time within your family. My Mum is our chef and it is great.
She is a trained chef, an amazing cook, and my babies get to spend precious time with their grandparents every day. We are going to yearn those times back one day in the future. It is a pleasure to pay my Mum for that, keep economy in the family and preserve precious time.