Most of us are in crypto to achieve financial freedom. However, that is almost impossible in today's world.
Why?
Because of what we are normally told to sell, our time is incredibly low leverage. Here is precisely how you can build high leverage and truly break free.
What Exactly Does Gaining Leverage in Crypto?
When we go to school, we're told to study hard so we can get a good job and work hard.
The problem is that when we 'work,' we trade our time for money.
Time is the scarcest resource, but it is also the only resource we all have the same off.
Unfortunately, because we all have it, it is not inherently valuable. This is why time is incredibly low leverage. But what exactly do we mean by leverage?
It is how many outputs you get for a single input. How many articles can you write in 1 hour, or sales can you close?
Although everything we do in life has an input/output ratio, it's not something we're taught in school. So how can we get ahead of time's relentless march forward and start capitalizing on the beautiful phenomenon we call leverage?
Taking Advantage of Leverage
Firstly, we must understand that time is the building block of ALL leverage. To build higher leverage, we all must first use our time. However, most leverage-building activities often feel pointless at the start; that is the point.
A great example is brand building. Let us take an instance where I am building my own brand.
When I started building my brand, no one cared about my ideas or validated me. I also never received any opportunities.
Do you know what I would have been better off doing? Selling my time. But that is short-term thinking, the opposite of building leverage.
There are three significant types of leverage:
Labor
Money
Thought
Let us say I do not have money or labor, so I could only combine my time with my thought to create my brand. The result? A brand that compounds upon itself infinitely more valuable than my time.
The problem with time is that each unit of time is atomic when sold, whether an hour, a day or a week.
What I mean by this is: You cannot resell that time, it is gone, and you definitely cannot repurchase it.
We only have a finite amount of time, so building leverage is our only option.
Do you notice the compounding effect occurring here? He invested his time to create a brand, which grants him opportunities or capital. He then used that capital to increase his quality content output, or in other terms, brand growth, for the same or less amount of time.
Takeaway
To leave you on a high, leverage building is often scary but incredibly rewarding. Leverage is the eighth wonder of the world.
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