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Rose Khan paid six digits in debt before building a net value of the seven -digit.
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Its income escalated when it builds a business that has joined the “one to infinite” lever.
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Anyone can use this strategy. It starts to ask yourself: What value can I provide?
Rose Khan, like many, learned to make money linear – hour by hour, salary salary.
For years, she has traded her time for money in her corporate work. She has earned good money, enough to start dealing with her six -figure debt on a student loan and invest in the stock market. But it wasn’t until she got into the idea of “used incomes” that her income grew and pushed her net worth over the seven -digit marking.
“This is a completely different mentality that we do not study at school,” Han, who runs a financial literacy company, told Business Insider, but it’s powerful. “Leverage is the explanation behind any significant creation of wealth, no matter who you are looking at.”
To break down the income concept with a lever, Khan uses the example of a fitness trainer.
She explained that if they work one with one with a client, there is no lever: “You are showing, you are trading for dollars hours and you are paid.”
But if they start a group fitness class and can train multiple customers at a time, it calls a “lever for one to many” and their revenue increases without having to work for more hours. “Now they serve 10 people at a time, so they do about 10 times more.”
The ultimate level, a “lever for one to infinity”, can create a life -changing wealth. This is when the coach builds an application with weekly workouts and a nutrition plan function, for example.
“They could create this application once and millions of people around the world can subscribe,” Khan said. “This concept was really the key I unlocked.”
She did not reach the lever one to leverage overnight.
Her business started in the covroking space basement, where she hosted free hours on personal finance based on her own experience, which paid debt and used index funds to increase her net value.
“I just learned a lot about my financial awakening trip, so I wanted to share it,” she said. “In the back of my mind, I thought,” Okay, maybe there is some way I could do this lucrative, “but that’s not the goal.”
She hosted free hours nearly two years until she won the confidence to start charging. Then, instead of holding the class in the fork space, she decided to move to YouTube, where her range would be much more.