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Leverage is the Key to Growth

One principle I constantly emphasize is: all growth comes from leverage.

But what exactly is leverage?

 

 

A lot of people think of leverage in terms of financial growth, and that is a part of it – acquiring and growing one’s capital assets.

For instance, If you want to start and build a business and you try to save up the money to purchase it – it’s going to take you a long time.

You may even be in your 60’s by the time you accumulate enough to buy it!

That’s not going to work – you can’t do it by yourself.

You need to get financing from banks or other people in order to leverage and make that investment.

The same thing goes for acquiring other investments such as real estate and rental properties.

Of course, leverage does come with some red flags.

Using the wrong kind of leverage, using the wrong kind of financing, over-leveraging, not understanding what assets you’re investing in, market cycles, etc…

You can get in trouble with leverage.

That’s why you’ve got to know how to use the leverage.

Leverage can also be bad if you use it for lifestyle – if you use it to build up your consumption, and live it up because you have access to credit.

But what are good ways to leverage?

One is to leverage other people’s time, talents and experiencebuilding a team and empowering those people to be assets to your company, rather than just helpers or even liabilities.

I’m talking about real assets.

Most of us learned through higher education to become great technicians at our skill set – but we are usually really, really bad at leveraging other people and building that kind of culture.

Building a culture where people are a strength and not a liability.

We may not have been taught how to do that in school, but it is mission critical to figure it out.

Learning to leverage in that area, and learning to leverage financially (at the right time and in the right way) to acquire the right assets – those are the keys in life.

You have to learn how to use leverage.

Trust me – it’s the way to build your future financial wealth, your goals, and your freedom.

To your freedom!

-David

 

P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :

1. Get Your Free Retirement Scorecard:

Benchmark your retirement and wealth-building against hundreds of other practice professionals and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/Scorecard to take the 3 minute assessment and get your scorecard.

2. Attend A Workshop:

If you’re committed to Freedom, but still building a practice, paying down school debt,  or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!

3. Apply To Visit The Mastermind:

If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.

4. Want to Work Directly with Me?

If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.

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