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While study the history of international commerce, humans began utilizing sails and the power of the winds to propel their ships across vast expanses of water. In this case, the wind and the sails of the ship were the leverage, allowing humans to travel further and carry greater payloads with less effort. The people who employed the power of large ships with large sails became far richer than people who did not. It dawned on me that he people who become rich are the people who create tools to use the God given leverage in front of them. Today, we can move more cargo and more wealth with just the click of a mouse than nay ship of the sea could ever move.
The people who have fallen behind are the people who fail t utilize the new tools of leverage crated during their lifetimes. And the people who fail to sue these leveraged tools are the people who work for the people who do and they physically work harder than the people who use the tools of leverage. The rich often said, the people without leverage work for those who have leverage.
We have different choices in leverages transportation than our ancestors. Today. Instead of just waking, we have the choice of riding a bicycle, driving a car or flying a plane. Or we might choose to use the television, phone or email to span the distance.
The poor and the middle class think of the financial tools of leverage as too risky. Because they think that financial leverage is too risky, most people do not utilize the faster tools of financial leverage rather than utilize the financial leverage the rich use, the poor and middle class tend to use physical leverage to try and get ahead. Physical leverage is also known as hard work. The rich get richer primarily because they use the financial tools of leverage and the poor and middle class do not.
A person who knows how to use dent to acquire asset has superior financial leverage over someone who does not understand hoe to harness the power of debt. The rich said, the rich use debt to wing financially. The poor and middle class use debt to lose finically. But in order to use debt as a tool of leverage, a person need to have more fanatical education.
