The only way to get rich rapidly is to understand the principle of leverage.

Leverage (v) : use (something) to maximum advantage.
“the organization needs to leverage its key resources”

Financial leverage works this way. You spot widgets for sale in bulk for only 10 Naira. You know where you can sell them for 20 Naira. You’ve got a N1000, so you buy a hundred and make back N2000. If you had borrowed N10000 from your mother, paying back N11000, you could’ve bought two hundred and cleared N30000 for your total outlay of N10000 plus N1000 in interest, quite a bit better return on your investment.

Leveraging your time works this way. I hired an Aboki grass cutter for my store for the customary N400 out of petty cash. It took only twenty minutes to complete the job, so that represented a lot more than the $140/hour I paid my sales clerks, but the idea was, he provided his own tools and supplies which he had to lug around and spend time selling his services.

The next time he came to wash my windows, he was in a much cleaner apparel. He took the N400 bill and left his associate behind to do the work. As I walked around downtown, I could see as many as three of his associates working at one time. Let’s say there were just three. How does this work?

Working for himself, if he really humped it he could land twelve jobs on a good day, or N4800. By hiring workers and focusing on sales himself, they could each handle fifteen or more jobs a day. He’s paying them N140/hour or about N80 per job, which means he’s clearing N320 per job for himself, or N14000 a day, cash!

What do you do with all that money when savings isn’t paying? Buy things that will appreciate in value. When you can leverage your time and your money and then put your money to work, you are on the road to riches. Many people make the mistake of looking for a high rung to catch onto, a position worthy of their education and experience. Something as humble as window washing, leveraged, is a surer road to financial security.


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