|
Wednesday, 24 October 2007 |
By Casey Brooke
 Leverage is possibly the most significant tool available for maximizing gains. Everything we do takes time or money, any very often- it takes both. Take for example your normal job. You need to go to work each day to earn money to cover your basic needs, all the boring things like food and shelterthat are essential for you and your family. If you want to earn more money, you could take on a second job or you could maybe do a few hours overtime.
The problem though, is that this will mean that you have less free time available with your family. Because time and money in this set-up are both limited, there is no way to increase both- you can do either one or the other. There is a see-saw and you need to find a balance between the two extremes to suit your lifestyle.
You may not have noticed, but I have already alluded to one type of leverage: Some employers will allow you to work overtime: extra hours are often paid at a higher rate than your normal salary. |
|
Last Updated ( Wednesday, 24 October 2007 )
|
|
Read more...
|
