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Rose Han paid six debt numbers before building a seven -digit net value.
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Her income grew when she created a business that took advantage of a “disposable” lever.
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Anyone can use this strategy. It starts with the question of myself: What value can I give?
Rose Han, like many, learned to make money in linearly – an hour, pay salary.
For many years she traded her time for money. She made good money, enough to start fighting six -digit student loan debt and invest in the stock market. However, only when she used the idea of a “leverage income”, her income has increased and pushed a net value through a seven -number sign.
“It’s a completely different mentality that we don’t learn at school,” Han, who manages the financial literacy company, told Business Insider, but it is powerful. “The lever is an explanation of any significant assets, no matter what you are looking at.”
To break down the concept of leverage, Han uses an example of a fitness coach.
She explained that if they work with each other with the client, there is no leverage: “You show, at trading hours for dollars and you pay to pay.”
But if they start a group of fitness class and can teach several clients at the same time, it calls it “one from many” and their earnings increase, do not work more hours. “Now they serve 10 people at a time and therefore do about 10 times more.”
The final level of “single and non -finiture” can create life -changing wealth. This is when the coach develops a program with weekly workouts and, for example, the dining plan function.
“They could create that program once, and millions of people around the world can subscribe,” Han said. “This concept was actually the key I unlocked.”
She did not take one and the leverage of the Inquisition overnight.
Her business began in the basement Coworking Space, where she conducted free personal finance classes based on her experience, debt and using index funds for increasing her net value.
“I just learned a lot about my financial awakening trip, so I wanted to share it,” she said. “In my head, I thought,” Okay, maybe it’s some kind of lucrative, “but that’s not a goal.”
For almost two years, she has conducted free classes until she gained confidence to start taking. Then, instead of maintaining the class in the cooperation space, she decided to move to YouTube, where its achievement would be much greater.