Interested in freeing up more time? You’ll need to figure out how to create leverage in your daily life.

We could all use more of it but unfortunately time is the one thing that can only be spent and not earned.

So how do we get more leverage?

Leverage happens when a person finds a way to free up their time and accomplish more simultaneously. This usually happens when we can find a way to implement the use of a system.

If you’re working in a 9-5 job, there’s usually very little leverage within the position because there is a fixed hourly rate or salary.

However, if you’re an entrepreneur, or engage in entrepreneurial activities, you can create leverage by delegating tasks and creating systems that eliminate the need for your direct involvement…

My Favorite Example of How to Create Leverage

My favorite example of how to create leverage is through owning real estate.

You or I can purchase a property, possibly add some value to it, and then put it up for rent and if done correctly, it can be a completely (or nearly completely) passive source of income. This is an example of a SYSTEM that creates 100% leverage… the product (the house) sells itself on a monthly basis (as a rental) and your bank account grows. I’m a big fan of this approach and have done it many times.

There are other ways to create leverage without the expenditure of buying a property (although there are ways around putting your own money in which I’ve also done many times). This is through something called affiliate marketing. For example, if you had a blog that reviewed products. You could put your own affiliate coded links to Amazon on the blog articles and if people click over and buy anything on Amazon as a result, you get paid. If you like blogging and are interested in a specific subject (e.g. juggling, surfing, unicycling) it could be a really great way to build up a passive income base. My experience has been that this model takes more time to generate a significant income from but it can become a huge income stream with little financial investment which I know many are fond of. The key is being interested in the subject and therefore the timing won’t be an issue.

Those who’ve been following me for a while know I’m a business school grad and that a lot of the people I graduated with actually went on to work in corporate jobs…

… I, on the other hand, was looking for something different… I was looking for a way I could live more.

This led me to invest in real estate primarily and dabble in a bit of internet marketing where I began to blog to drive traffic and sell affiliate products.

It’s been an interesting experience and given me a lot of perspective. I have to say that my favourite part of my current setup (growing a real estate portfolio) is being my own boss and working when and how I want. That to me is priceless and something I highly recommend working towards. While I wouldn’t say I’m at a “live off my passive income from properties” stage just yet, I’ve hit a significant enough amount that I could if I wanted to really live on a tight budget. (my girlfriend wouldn’t be pleased lol)

For next steps I’m thinking about merging the two and focusing on blogging about real estate because it’s something I enjoy talking about and ultimately a topic I can add value on.

How To Create Leverage – Final Thoughts

If you’re interested in learning a bit more about how you can get involved in real estate investing, send me an email through the contact page and let me know what specifically you’re curious about and what resources you’re working with. I’ll do my best to give you my $0.02 and see if I can help. Thanks for reading and please subscribe!