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For the Love of Leverage

We all like to have money in the bank, obviously. But today I want to talk to you about all the things of value you have sitting outside the bank — things like your condo, your know-how, your side hustle, and your connections. Value comes in lots of shapes and sizes, and many of them aren’t shaped like dollar bills. (Click to tweet!)

Some of the most successful people I know got to that place because they know how to leverage everything they’ve got.

So, how about you?

Are you ready to learn how to leverage ALL your assets so that you can put even more money in the bank without any additional investment on your part? Join me for the video below and let’s start leveraging!

 

 

Click here to watch this week’s episode on YouTube: http://youtu.be/Ppbg3KeBz7Y

To recap, here are five areas you can look to leverage for even more earning power:

  1. Property: If you have a condo or an office or studio space you can be renting all of it or a portion of it. If you have an extra room, you could rent that extra room out for even a few days a month through a service like Airbnb.
  2. Relationships/connections: You give a little and you take a little. You have friends and peers who are helping you to promote your products and your services and, in return, you help them promote their stuff, as well. If you want to read more about the concept of leveraging relationships, I recommend you check out Gary Vaynerchuk’s book, “Jab, Jab, Jab, Right Hook” (or, as it translates in the concept of the book, it’s give, give, give, and then ask).
  3. Trading services: If you’re a copywriter who needs some web design done and you have a friend who’s a web guru who needs a new “About” page, see if you can swap services (it’s a huge win-win)!
  4. Money in your bank account: It’s great to have an emergency fund in your savings account, but other than that, your money shouldn’t just be sitting there. You can make it work for you by either investing it into more assets like property or into mutual funds or stocks. Check out Deepak Chopra’s book, “The Seven Spiritual Laws of Success,” to learn more about how to keep your money flowing like a river.
  5. Your closet: I’m sure you have a lot of clothes and shoes that you just haven’t been using lately. Why not take them into a consignment shop and turn them into some dollar bills since you’re not using them anyway.

Your actionable this week is to make a list of all the things of value that you have and look into ways you can leverage all those assets so that they are working to earn you even more. In a comment below I’d love for you to tell me what three of those things are.

**For the love of leverage I’d love for you to share this video with your friends, and if you would like more soaring inspiration and practical advice delivered straight to your inbox please subscribe to my channel!***

Miracles Now by Gabrielle Bernstein

 

P.S. My friend Gabby Bernstein just released her new book, and I think it’s her best one yet! In the book, Gabby goes through 108 of her favorite techniques for less stress and more flow in your life. Get the book here: http://amzn.to/1iqIHya

12 thoughts on For the Love of Leverage Leave a reply

  1. Lauren

    Loving this one Natalie! I have a condo 10 minutes from Manhattan. I should put it up on Airbnb during my travels and see if I get any takers.
    Have a great weekend!

    Reply
  2. Jen Bardall

    This is brilliant, Natalie! Guess what? One big win in terms of being sick is that I’ve lost a lot of weight. And frankly in light of the fact that (a) I needed to anyway and (b) I want to stay lighter prior to having surgery next month and, then, forever thereafter, I have a TON of clothes that are now too big for me! Not only that, but many of them are things I wore when I was working in an office, which I don’t do anymore anyway. Thank you SO MUCH for the tip about consignment – they’re all in great shape, and someone else could get use out of them. Medical bills = I can use all the help I can get right now! 😉 (also? more money to buy better fitting clothing…! haha)

    Reply
    1. Natalie MacNeil Post author

      I made like $400 just bringing things to a consignment shop so yes, bring ’em in! I hope you feel better soon Jen xo

      Reply
  3. Steve Szubert

    Only two levers to share – but BIG ones.

    First – this very website. What Natalie gives us here is more valuable than many programs costing hundreds of dollars. We should not take it for granted just because it is freely granted. It pays huge dividends to go over and over these tips, and work at turning them into habits.

    Second – there’s a way we can leverage a few spare dollars not just for ourselves but for a better world. Google KIVA. We can use KIVA to make small loans that help transform individual lives all over the world. And we get paid back – so it costs nothing really but it gets a few spare dollars working in an amazing way. And it’s a great feeling to have built up a portfolio of investments all over the world, from farmers in Africa, to dress makers in Azerbaijan, to taxi drivers in Peru, to yak herders in Mongolia… How cool is it to have such connections :)

    Reply
    1. Natalie MacNeil Post author

      Thank you so much for that lovely comment Steve. I’m glad you find so much value in the content I create. I put a lot of heart into it!

      I love Kiva too! If you haven’t seen it yet, we have a She Takes on the World lending team I started years ago. Check it out: http://www.kiva.org/team/shetakesontheworld

      Have a great week Steve, and thanks for your comment!

      Reply
  4. Natalie Sisson

    Love this Natalie. I think home exchanges/ house sitting is a useful way of leveraging your assets and saving money while traveling and it’s a great way to connect with new people!

    And thanks for making me realize I need to put those savings that are adding up into some better performing investments!

    Reply
  5. Natalie MacNeil Post author

    Excellent! 😀 Aside from an emergency fund a small nest egg, make that money work hard for you!

    Reply
  6. Carolyn

    Love this post! I’ve just recently started renting out my spare room on AIrbnb and have already earned over $400 in the last month!

    Another few things I’ve done to change some static assets I haven’t used in a while into money are:
    1) sold an office chair and my old kindle on craigslist for some cash
    2) Now that I’ve got streaming Netflix and rent movies and books from public library, I’ve sold a bunch of DVDs, books and CDs I no longer need to used book stores

    These have been some helpful ways to not only do some spring cleaning, but also beef up my bank account :)

    Thanks, Natalie!!

    Reply
  7. Anne Bechard

    Trading, bartering, and donating — great ways to pay it forward! One thing I also do is to donate my books to coffee shops and consignment stores that offer book swaps. I still haven’t totally embraced eReading, and this is a great way to manage my mounting book piles. 😉

    Reply
    1. Natalie MacNeil Post author

      I love that! I have sooooo many books, and I know some local coffee shops that would love to have some of them.

      Reply

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