What makes people rich is the amount of money they are making per time.

For example the amount you are currently making per year, there are currently people making that same amount in a day or even within an hour.

Don’t you think it is possible for you to start making that same amount you currently make for a whole year in a month or even a day?

It is very possible.

What can take you there is leverage.

I define leverage as those tools or opportunities you have that help you to acquire speed in the process of making money.
For example, if Mr A and Mr B are running in a competition and Mr. A Carries a Bicycle there is no way Mr B will be able to compete with Mr A. Because Mr A carries leverage which is the bicycle.

On the other hand, if Mr B carries a Car while Mr. A carries a bicycle there is no way Mr A will be able to compete with Mr B because Mr B carries a higher leverage (Car).

What if Mr C carries an airplane? Neither Mr. A nor Mr. B can compete with Mr C because he carries the highest leverage. The leverage in this case is the plane.

You would have noticed that leverage comes with extra expenditure but the gain worth it.
The higher the leverage, the more expensive it will be and the quicker the result you will get. Airplanes are far faster than cars but more expensive than cars.

So if you want to make money fast, that is making big money in a short period then you need to buy a higher leverage.
There two ways you acquire leverage:

a. Inheritance (having a higher advantage due to what you got from someone free of charge)
b. Purchase (Paying for something that gives you an advantage over others)

As long as you have some money you can pay for some leverage and own them even though you do not inherit it from anyone.
The difference between the poor and the rich is that poor people are comfortable with what they currently have instead of investing some of the money they have today to buy higher leverage, they rather consume the money and keep managing the crude equipment and tools or facilities they have, the rich on the other hand invest more on higher leverage. which continues to give them speed.

If you want to convert your yearly income to monthly or daily income then you need to invest in higher leverage that can help you achieve that.
You cannot be using the old low-leverage and expect to get that high speed you want. Leverage is expensive but it is worth it.
For example, if you have not been running ads on Facebook and Instagram before running ads can give you leverage whereby you start getting faster results. Then go for it though it will cost you some money.

If you need to buy a course to upgrade your skill set buy that course and acquire more skills that will help to propel you forward faster.
These are some of the things rich people do that give them more speed than the poor. Rich people run ads, they pay heavily to acquire knowledge, they buy tools and heavy-duty machines for their business all these things are what I call leverage.

Anything that can help you get speed is called leverage.

But poor people see buying premium courses, running ads, and buying machines as a waste of money.

As long as you don’t stop buying leverage one day your story will change and you will start rubbing shoulders with the highs and the mighty in the society.

I explained all inside my book From Zero to Multiple Clients/Jobs specifically page 79 [Download it here][https://timothyomatule.com/from-zero-to-m-clients/]

Making income using leverage can be a powerful strategy, but it's crucial to understand its mechanics, risks, and potential rewards. Leveraging essentially involves using borrowed capital to increase the potential return of an investment. While it can amplify gains, it also magnifies losses, so caution and knowledge are paramount.

One of the most common ways people leverage to generate income is through real estate. Let's delve into this example. Say you want to buy a rental property worth #200,000. Instead of paying the entire amount upfront, you opt for a mortgage and put down a 20% down payment, which is #40,000. Now, you're leveraging your investment. If the property appreciates over time, your return on investment (ROI) is calculated based on the total property value, not just your initial investment.

Rental income adds another layer to this strategy. Let's assume the property generates #2,000 per month in rental income after expenses. With leverage, your ROI is not just the rental income but also the appreciation of the property value. This dual-income stream can significantly boost your overall returns.

However, leveraging isn't exclusive to real estate. In the financial markets, it's common to use leverage through margin accounts. For example, if you have #10,000 and your broker offers 2:1 leverage, you can control #20,000 worth of assets. If those assets increase in value, your profit is based on the total #20,000, not just your initial #10,000.

Forex trading also utilizes leverage extensively. Traders can control large positions with relatively small amounts of capital. While this can lead to substantial gains, it also exposes traders to higher risks, especially if the market moves against them.

Entrepreneurs often leverage their skills, time, and resources to build income streams. For instance, a consultant may leverage their expertise by taking on multiple clients or offering online courses. Similarly, content creators leverage platforms like YouTube or Patreon to monetize their content.

It's crucial to understand the risks associated with leverage. Just as it can magnify gains, it can also amplify losses. If the market turns against you or if your investment doesn't perform as expected, the borrowed capital can lead to significant financial setbacks.

Managing leverage requires discipline and risk management strategies. Diversification, setting stop-loss levels, and proper asset allocation are crucial. Avoiding over-leverage, where you borrow excessively beyond your means, is key to long-term financial stability.

Moreover, leverage isn't suitable for everyone. Risk tolerance, financial goals, and time horizon play vital roles in determining if leveraging is appropriate for an individual. Conservative investors or those nearing retirement may prefer lower-risk strategies without leveraging.

Understanding the cost of leverage is essential. Borrowing capital often comes with interest or fees, which can eat into your profits. Calculating the net return after considering these costs is necessary for making informed decisions.

Despite the risks, leveraging can be a potent tool for wealth creation when used wisely. It allows investors to control larger positions, diversify portfolios, and potentially generate higher returns. However, it's not a shortcut to success and requires thorough research, risk assessment, and ongoing monitoring.

In conclusion, leveraging to make income can be lucrative but comes with significant risks. Whether in real estate, financial markets, entrepreneurship, or other ventures, understanding leverage's mechanics, risks, and potential rewards is crucial. With proper risk management and strategic planning, leveraging can be a valuable component of a diversified income-generation strategy.