Hi Michael,

> How about leveraging your leverage? (MLL -
> multi level leverage)

> Leveraging your money to create something
> that leverages your time by using employees
> to do tasks you're unable to do.

> Interesting. Like one of those Chinese
> Dolls.

Great point! It's true.... You can multiply leverage....

In fact, this friend I've mentioned (who's in the early stages of becoming a property tycoon, I think), is in a sense leveraging his leverage....

He got his first house with bank money and his own deposit. BUT.... He can then use THAT house as part of the collateral for the NEXT house.... And then those TWO for the next house.... and so on! Each house builds on the other.... With every new house he gets, it takes him LESS time to get the NEXT one, because he keeps increasing his leverage!

A different type of multiple-leverage, perhaps, but it shows that you can leverage upon leverage.... :) I'm sure there are other examples too which could be found on leveraging your leverage.... This is an interesting topic, and certainly something I'm going to ponder further.... :)

I also liked your points about time.... It's easy to get frustrated in the early stages of *any* endeavour, especially when the "instant wealth" doesn't seem to materialize!

However, I think it takes a certain amount of tenacity to be a big success in anything....

Those who are successful have a combination (I believe) of persistence and experimentation. "Persistence" means they DON'T GIVE UP, and "experimentation" means they TRY NEW THINGS (don't make the same mistakes over and over, but experiment with different things a little bit....).

I think with both persistence and experimentation, it's possible to be a big success in almost anything you put your heart and mind to....

I also like what you say about calculating your "hourly" rate....

Even though they may put in a few hours work to sell something by mail order, as you point out, many people might count it instead as the few *weeks* it takes them to make a profit (rather than the actual time it takes working to make it happen).... Of course, the way you point out is the sensible approach!

Jesse also wrote an great motivational tip on a similar topic earlier (it's related to Michael's point), so here's a link Jesse's excellent tip, for those who didn't see it.... :)

http://www.sowpub.com/cgi-bin/forum/webbbs_config.pl?read=4290

Thanks Michael.... It's a great reminder.... I guess with this type of activity, it helps to do several things simultaneously.... So you fill those hours, with multiple activities, each making you a high rate per hour while you're working on them!

- Dien