The more you use leverage the wealthier you can become.

Now I’m not necessarily talking about borrowing a load of money and getting into debt until you drown under its weight.

That can be an effective (but often risky) way of building wealth and something a lot of people use to get rich in real estate.

But leverage does not just refer only to borrowing money.

In fact, there are seven forms of “leverage” and the more of the seven that you use then the wealthier you can become.

Leverage is simply the ability to control a lot with a little. It gives you the ability to utilize more than just you.

Through leverage, you can effect change much more rapidly.

Leverage equals speed, or velocity. The more leverage you have, the faster your journey to wealth.

So, what are the seven forms of leverage? Well, here they are:

1. OPM (other people’s money)

If you want to become wealthy, you need to both invest and use money from other people – this will move you towards your goals faster.

OPM lets you buy assets earlier, at a faster rate and control a large amount, rather than saving a whole amount.

2. OPT (other people’s time)

There are numerous companies, small businesses and individuals that will sell you their time – so why aren’t you using it? I have an accountant, lawyers, an insurance broker, a financial advisor, a social media team and a website manager.

I use all of these people’s services, as they save me time and money. They save me money because they free up my time to make more money.