How To Utilize The Four Types Of Leverage In Your Life / Business (To 10X Your Income In Half The Time)

Action Academy | Millionaire Mentorship For Your Life & Business

Brian Luebben

Real Estate, Financial Freedom, Biggerpockets, Corporate, Small Business, Careers, Millionaire, Business, Alex Hormozi, Investing, Commercial Real Estate, Passive Income, Entrepreneurship

4.9 • 703 Ratings

🗓️ 17 April 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we discuss the four forms of leverage: capital, labor, code, and media If you want to leave corporate America in the next 6-18 months - you should check out our Action Academy Community 👔🏝️ with over $500M in deals done across small businesses and commercial real estate, and over 600 members - we help you SCALE to your freedom. Schedule A Free 40 Minute Coaching Call With Our Team Here To Get "Unstuck" and Learn More. Follow Me As I Travel & Build: IG @brianluebben Actio...

Transcript

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0:00.0	What up, what up. Welcome back to the Action Academy podcast, the show that helps you get rich,
0:04.7	happy, and free with a capital F in your life and business. Today, ladies or gentlemen, we're going
0:09.8	to help you make 10 times more income, grow 10 times more wealth, do it faster, and in about
0:15.3	half the time that it takes you to create the levels of wealth and income that you have today.
0:20.1	Once again, as always, if you
0:21.5	enjoy the topic of today's episode, please share it with everyone you've ever met. Not one or two
0:26.8	people. Just literally send it to everyone. Your grandma, get her financial freedom. Your aunt? Yeah,
0:32.2	get her that new house. Your baby cousin. Maybe they want to buy a house in 20 years. Send it to them. Share the Action
0:40.0	Academy podcast. Help me help you. Let's grow this thing together. So let's get into the topic of
0:45.5	today's show. There are a couple of different seasons that we go through in our lives when it comes
0:49.6	to wealth and income generation. I like to lovingly break it into three different phases. You have
0:54.7	fixed, variable, and entrepreneurial. So in the beginning, you have fixed, which would be all of my
1:00.7	people on salary. You literally get paid to do a job or a task between hours X and hours
1:07.0	Y each and every day. That's your entire income. You show up. That's how much money you're
1:11.9	going to make, whether you kill it or whether you are terrible. That's most people. The second season
1:16.8	is variable compensation. This is where you have a fixed base salary and now you have incentives
1:23.2	to perform and make more money based off of the efficiency and levels of your performance.
1:29.2	These would be sales positions with commission and bonus structures or any other position
1:32.8	that has a key metric that you directly impact. Your position exists to impact that KPI,
1:38.0	whether that be growth, retention, whatever have you. Maybe you get a bonus at the end of the
1:41.8	year for accomplishing your job. And technically, if you're in an hourly position, working overtime could maybe be halfway
1:50.0	considered variable compensation because as you work more hours, you put in more input,
	...

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