14 Comments

  1. adam
    10th April 2013 @ 9:17 am

    Great advice, I need to start leveraging, and stop spending time 🙂

    Reply

  2. Mark Homer
    10th April 2013 @ 9:27 am

    I really find that having chunks of super productive time where i can bash through a project and have clear and linear thought very effective. Smaller less mind intensive tasks such as email etc are better done afterwards rather than before or during big brain hungry tasks.

    Reply

  3. Catherine Hancox
    10th April 2013 @ 9:53 am

    If I have a mountain of tasks to complete, it feels exhausting just thinking about them. To plan the tasks and delegate as many as possible brings a feeling of control and renewed energy. Leverage is an art that wasn’t taught when I was at school……. perhaps it needs to be?
    An excellent article.

    Reply

  4. Rebecca
    10th April 2013 @ 11:20 am

    Great advice guys, thanks! – definitely need to start writing down my daily tasks!

    Reply

  5. Maja
    10th April 2013 @ 12:59 pm

    Thanks R&M, It’s great to learn from you!

    Reply

  6. Charles
    10th April 2013 @ 2:03 pm

    Great advice but prob is you still neef money to leverage. How do you break this barrier.

    Reply

  7. Karl
    10th April 2013 @ 5:53 pm

    Thanks Rob,

    This is great insight into how to get more done, and thank you and the guys at Progressive for your hospitality and a great day at the JV day yesterday.

    Reply

  8. Rob
    11th April 2013 @ 7:20 am

    HI Charles,

    Here’s an extract from our new book, “Multiple Streams of Property Income,” – I hope this helps:

    “Don’t be too busy to be rich: too busy means poor. Too busy means zero leverage. Too busy means head-down-doing, and no Captain can steer a ship with his head down. Don’t be too busy doing, so that you can ‘earn’ the time to do the things you love, but forever be too busy doing, so that you never end up doing the things you love.

    Most people live their whole lives like that, and then die. Make the decision and change NOW my friend.

    Calculating your IGA: the first stage is to calculate your Income Generating Value [IGV]. When you know exactly what an hour of your time is worth, you can calculate accurately what tasks you should do yourself, and what tasks you should leverage out, pay for, or inspire others to do for you.

    Taking a step back though, the following exercise is important. This is a book of action, not just a book of hypothesis, so are you prepared to take some action?

    “When all is said and done, more is said than done”

    Good, then let’s begin:

    For the next 2 weeks create a simple work log of how you are spending your work time [career and/or property]. Have a simple word document open or a sheet of paper or notes folder on your smart phone. Every hour that you work in a day, note briefly what you did. Be honest with yourself, and at the end of the day put the letters IGA next to the parts that were income generating.

    At the end of the 2 weeks, work out what percentage of your time is spent on IGA’s. If you’re anything like me, you may be [positively] shocked at how just a few hours bring in most of the money and results, and a huge amount of time is virtually wasted, with little or no financial benefit.

    Now, to calculate your IGV [income generating value], total the amount of hours you spend working every week. That includes your job/career, any part time work, and any time you’re putting into property or asset building – the entire amount of time attributed to earning money. You might have something like 55 hours.

    Now calculate, or roughly guess, how much money you earn in that timeframe. If you find it easier, calculate the same figures: hours worked and income generated, in a month, it doesn’t matter as long as there is consistency. You may have £850 in a week. Make sure that all income that is not a loan is added, any asset or passive income should be included.

    Now divide the amount of income by the amount of hours, and you have your IGV – your time value per hour. Every hour you work brings in, on average, £x.

    Now you have to be strict with yourself, and have faith in this algorithm. OK, it’s not that fancy, but still you should be disciplined: any task that comes your way that you feel will or could earn you more than your IGV, then do it yourself, because it will pay you to do it. If you keep doing that, your IGV will go up and up and up.

    But even more importantly, every task that comes your way that will or could bring in less than your IGV, you must leverage or outsource it. Either blag a favour, do a reciprocal deal, or pay for the task to be done. If you don’t, you’ll get poorer and you’ll actually repel more money that you pull in. We promise you this – stick to this and it will change your life forever.

    “What you earn has nothing to do with what you’re doing, and everything to do with what you’re not doing” – Rob Moore

    It’s not what you are doing that is bringing in money; it’s all the things you are not doing that could be bringing in much much more. You’re probably working far too hard to be rich. The things you are doing are probably blocking what you could be doing that earns all the income.”

    Reply

  9. Caroline Jackson
    11th April 2013 @ 8:18 am

    There is some great stuff here and so right! The extract from the book is very helpful thanks Rob

    Reply

  10. Sue
    11th April 2013 @ 9:00 am

    Leveraging – transferable skills in life as a whole. It works in a work environment and it works at home. Instructions given with a smile and total support where needed help empower others to achieve as well ; so its win-win and you get more time to make more money – simple !

    Reply

  11. Nick Bentley
    11th April 2013 @ 9:20 am

    Im just loving that bit of advice, really really helpful…when can I purchase the book Rob?

    Reply

  12. Rebecca
    11th April 2013 @ 9:48 am

    Hi Nick,

    We’re really excited about the launch of the new book.

    It’s the last stages of finalization at present, and it will be available towards the end of May (just in time for summer reading!).

    If you’re already signed up to our mailing list great – all the info will come straight to you. If not you can sign up in the box on the right of this page and information about future blogs and book releases will be sent to you. Thanks!

    Reply

  13. sue smith
    11th April 2013 @ 10:55 am

    Very useful information – just difficult to put into action when everyone else is leveraging!

    Reply

  14. Paul Griffin
    11th April 2013 @ 8:01 pm

    But you need some power to be able to leverage. Either the power of money or the power of status. I spent a long time being unemployed and it has taken a whole year working to pay off debts and start to repair my credit rating. Some time later this year I hope that my credit rating will no longer be classed as poor, but fair. Then I can start leveraging money. I know this can be done thro property but at the moment I could bearly pay for solicitors fees or get a full valuation done. I don’t want to get 3/4’s of the way thro a property deal and then find I can’t finance it. I need to feel secure in the nowledge that , if required, I can call on a loan if needed. I know that there are ways and means to get these things done but when you are starting off I think it is more difficult than when you have already done a deal or two, and have gained some power (experience) of how things are done. I sometimes wonder if people just forget how difficult it can be at the starting line, once they have got well into the race. I do get the principle of leverage. I’m just not sure I have enough power to exercise leverage.

    Reply

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