Transcripts
Host: Where does leverage come into the equation?
Gary Ryan Blair: Leverage is a fascinating concept and what you have to do is that you have got to remember these three letters, very simple, LAM. Leverage plus Acceleration, equals Multiplication. When a company goes public on Wall Street, what they do is they leverage money, other people's money.
When you leverage other people's money, when you have more money, your acceleration rate, you go faster as a result, you multiply your performance. The two things that anyone could leverage and that is other peoples efforts. When you leverage other peoples efforts, it's one plus one, it's no longer just two, it's actually collectively, it's three, maybe four and five.
So, when you leverage others people's efforts, you get more done, you move faster and you have a multiplication output. The other thing, which is key, also is, other people's knowledge and this is something that is often overlooked because most people have this attitude that they want to do it on their own.
We have got to realize, there is really nothing new out there. If you want to run a race, a marathon, someone has already run it. If you want to raise a healthy self-confident child, someone has already done it, if you want to build a house, someone has already did it, you want to cut an album, it has already been done. The best thing for you to do is to tap and to leverage other people resources or knowledge base.
As a result of that, you will save yourself a lot of aggravation, a lot of time, a lot of mistakes and as a result, he would get more done. So, leverage is a fabulous concept and unfortunately, it's a waste until you utilize one.
