Lazy Man Wealth Secrets Part 3
Since all of us are only allotted 24 hours in a day, the rich must know something about creating wealth that other people don’t.
Today, I’m going to share a secret with you. This secret allows rich, “lazy” people to make $500, $5,000, or even $50,000 an HOUR when so many others in the world are camping out in parks demanding that minimum wage be raised from $7.25 to closer to $8.00.
To understand this money-making secret that allows ordinary people like you and me to make extraordinary incomes … and with far less effort than most people … I’m going to tell you three short, but true stories.
My Journey from $2.50/hour to $1,400/hour
First, a number of years ago, I landed a copywriting project. My fee was $1,000 — with 50% up front. I spent more than 200 hours on that project. I wrote, re-wrote, debated, consulted, spent time on the phone and in person trying to make this client happy.
But it was no use. They simply did not like my copy … and in the end, refused to pay my final fee, so I only ever got $500 out of it.
My hourly rate: $2.50
Not very good … and it was a lot of work.
Fast forward 4 years. By now, I had learned the Lazy Man Wealth Secret I’m going to share with you.
I now have a client that pays me $5,000 a month … plus 3% commission on all new monies the company makes. My time commitment is 1 hour per week on the phone, plus another optional hour per week of answering emails.
Total maximum time commitment: 8 hours.
My hourly rate for this project: $625 … and with very LITTLE effort.
But, when you factor in the commissions, you more than double that. I actually average around $1,400 an hour for that client.
How did I go from $2.50 to $1,400 an hour? For the most part, I used Lazy Man Wealth Secret #2: Other People’s Ideas and stole an idea from a man named Vilfredo Pareto who died in 1923.
An Italian Secret to Becoming Rich
Pareto was an Italian economist who studied wealth distribution in England in the late 1800’s. He discovered 80% of the wealth was held by 20% of the population.
He further discovered that of those top 20% very rich people, there were 20% of those (or 5% of the total population) that were SUPER rich.
And, of course, of those 5%, 20% (or 1%) were SHOCKINGLY rich. (Yep, they were griping about the 1% in the 1800’s … the lazy will always be among us … but that’s another story.)
The magic behind Pareto’s discovery is that 80/20 is in operation in ALL areas of life.
Stated another way, “Big doors swing on small hinges” or “A big ship is controlled by a very little helm.”
Using this reality, I took a very small hinge and made my income swing wide open.
And now for my last story …
A Piece of String Launches a Mighty Ship
Vilfredo was not the first person to see that little things can make a massive, huge difference.
Around the year 257 BC, a man named Archimedes made a wager with a friend that he could launch a large ship into the ocean by himself pulling on nothing but a little piece of string.
The people of the time laughed at him … until he connected a series of pulleys and ropes to the ship. Using this leverage, he pulled on the piece of string and successfully pulled the massive ship from dry dock into the water.
No one was laughing after that.
It was around this time that Archimedes also boasted, “Give me a place to stand and a fulcrum and I will move the world.”
It Is Time to Move Your “World”
The Lazy Man Wealth Secret I’m talking about here is, of course: Leverage.
The rich use leverage in all kinds of situations … investing, time management, business development, relationships, etc. …
And so can you.
The way to put this to work for you is by asking one specific question in every situation you find yourself.
The One Question You Should Be Asking if You Want to Be Rich and Lazy
Here’s the question:
“How can I put in one unit and get five (or ten, or twenty, or 100) out.”
When I say unit, you just fill in the blank and turn it into questions like these …
- “How can I spend one hour and get $1,000 back from that?”
- “How can I invest $1,000 and get $30,000 back?”
- “What can I do right now to make my spouse feel 10x more in love with me?”
- “Where can I invest 5% of my time to make 95% of my income?”
- “What do I need to say in this one letter to get 10,000 people to buy?”
- “What talents, skills, and resources of other people can I use to make an extra $100,000 this year with relatively little effort?”
See, it works in every area of your life.
Rich people do far less work and make far more money because they leverage everything around them.
The starting point of all this leverage is asking the question.
Every Leverage Question Has An Answer …
As you go along, you will find that you get better and better at asking the question and finding answers.
Oh, and you can be 1,000% certain that there is always an answer. You can always get more “bang” for your “buck” in life. You just have to be willing to ask how and act on the thoughts and ideas that come to you.
Yes, there is always a way to leverage the things in life to get more for less work.
If I can figure out how to go from $2.50/hour to $1,400/hour … and if 5% of the population on this earth can control 95% of the wealth … and if Archimedes can move a massive ship with a piece of string … then you can most certainly discover how to have a whole lot more money with a whole lot less effort than you are putting in today.
You just need to ask the “leverage” question in EVERYTHING you do … and have the courage to follow up on the answer.
We Went to Lunch in His New Mercedes-Benz
My good friend Paul discovered a way to utilize leverage in his life. I have mentioned his story before because I think it is very powerful.
Like me, he was making a pittance … but then he found a lever that allowed him to drastically increase his income.
A few days ago, I was with Paul in southern Florida. He took me to lunch. As he pulled up in his new Mercedes-Benz, I couldn’t help thinking of his former life as a broken man, stocking shelves at the local grocery store.
Today he has two homes, several very nice cars, a beautiful boat, and an amazing lifestyle. He works far less today than he did as a stock boy.
That is the power of leverage. You need to learn it.
I want you to watch a video that Paul put together describing how he made this incredible journey. The lever he used to lift himself out of the grocery store and into the Mercedes-Benz could be exactly what you need.
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