Make Lots Of Money Fast, Developing Systems
Often, people are rarely paid what they are worth or even by the amount of work they produce. There is a single defining characteristic that all people who earn large amounts of money have and that is the willingness, knowledge and skills to build systems. In this article I explore what it means to develop financial systems and how you can use them to make lots of money fast.
The key to systems is the leverage component. We all understand how leverage works and the typical leverage people think of is money leverage. By borrowing other peoples money, typically the banks, we leverage our deposit to control a much more valuable asset. A 10% change in the value of that asset represents a 90% change in our equity when compared to the deposit, for example.
But there are other types of leverage other than borrowed money. Systems give you time leverage and this important aspect of financial systems makes it possible to create a unit of value and reproduce that unit of value adding to your income. In a system, the work stays done. Unlike working for an hourly wage, where every day you begin from scratch and build up a daily bank of hours of time that is then paid for. A system is different. If you can create an automated unit of value that reliably makes you 50 cents per day and it takes an hour to create this small system. Then working 10 more hours creates 10 times the 50 cent income. It now becomes $5 a day and so on.
This type of leverage is just as effective as money leverage and building systems to make an income is a very effective way to make lots of money fast.
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