Category: Money & Wealth Page 1 of 3
The Big Mac Index is published by The Economist as an informal and light-hearted way of measuring the purchasing power parity (PPP) between two currencies and provides a rule of thumb to see the relative cost of the same item in different countries.
If you want to buy a Big Mac, look how much it is in Switzerland compared to Egypt. How to use this? Think of retirement. If you are in the US with $1 take it to Egypt and it goes 3.5 times as far ($1 in the US is like $3.5 in Egypt).
If you were an architect or a doctor, you would know the nomenclature of architecture or medicine. If you are not a doctor, you would pick up some of the terminologies of medicine from your family doctor, the media or friends, however, you wouldn’t have a full command of it unless you were very interested and committed to years of study. Even within the field of medicine, there are specialties that have their own terminologies. Yikes!
This article explains why some people are 100x more productive and make 100x more money than you!
You will learn what Leverage is, how to identify Key Leverage Points, how different leaders, employees, self-employed and business owners can apply Leverage to get more done in less time and dramatically increase their income!
You will discover how to use Leverage
to overcome resistance to change.
Work hard, go to school, get a degree, find a job, save money for retirement, enjoy your golden years. Many of us are trained, programmed, and conditioned to live life this way.
The focus of this advice is on security and hard work. We are told to live below our means and to delay gratification until retirement. But what if we retire without enough resources, or medical bills drain our savings or god forbid we die before we retire? Who wants to work themselves to death?