241. The Lever You Need to Break Through (10X Series: Part 1)
Oct 24, 2023
18:17
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Explore the concept of linear living vs residual living to achieve 10x results without burning out. Learn about leveraging efforts to make a lasting contribution and overcome challenges. Discover the power of leverage in various aspects of life, from physical tools to networking. Get a chance to win free access to the Essentialism Academy and learn about the Yap Young and Profiting Podcast.
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Quick takeaways
Residual results offer infinite returns and can be compared to compound interest, providing a way to achieve 10X results without burning out.
Leverage plays a crucial role in achieving 10X results by multiplying effort and utilizing resources and tools effectively.
Deep dives
Linear vs. Residual Results
Linear results are one-time outputs that require effort proportional to the results. Examples include linear income, linear knowledge, and linear decision-making. On the other hand, residual results occur when effort is exerted once and benefits continue to flow without additional effort. Residual income, residual knowledge, and residual decision-making are examples of this concept. Residual results offer the potential for infinite returns and can be compared to compound interest.
The Power of Leverage
Leverage plays a crucial role in achieving 10x results without burning out. Just as a literal lever multiplies the impact of effort, leveraging resources and tools can amplify results. Examples of leverage include financial leverage, prioritization as leverage, networking for professional growth, and the strategic use of technology. By increasing awareness of the levers we use and identifying essential levers we may be underinvesting in, we can fundamentally transform our lives and make lasting contributions.
The 10x Dilemma and Building Residual Machines
Many individuals desire better results but find themselves unable to increase their effort tenfold. The 10x dilemma arises when the desire for improved outcomes meets the limitation of time and energy. The solution lies in building residual machines that generate continuous results. By identifying and utilizing specific levers, we can create systems that work for us, whether in our personal lives, businesses, or relationships. Developing a heightened awareness of leverage and its applications is the first step towards achieving effortless and sustainable success.
Have you ever been trapped by reactively doing things that just get results one time today? That just get you through the immediate, urgent needs of your life and don't seem to be able to get you ahead? I know I have, and for a lot of people, they really feel that this is the best that they can do, but we have learned by experience that there's a much, much better way than this: to shift between linear thinking and residual thinking, between linear results and residual results. This is part one of a five part series focused specifically on how you can achieve 10X results, however you want to measure that, but without burning out. This is loosely based on the last five chapters of Effortless, so if you have your copy, you can use that to be able to do further reading, and if you haven't got your copy yet, now is the time to begin. By the end of this episode, you will have learned the first lever that you can use to be able to break through to that next level, but without burning out.