The most financial leverage most people are familiar with is the leverage of debt, a.k.a OPM, Other – People’s – Money. There are other types of financial leverage, such as the leverage financial intelligence applied to financial control.
In fact, all five financial intelligence, which are increasing income, protection from predators, budgeting, leverage, and information, are forms of leverage.
Leverage is anything that makes your job a little easier. It’s easier to move a heavy object with a forklift, and it’s easier to make a sophisticated investment decision with a higher financial IQ.