You should command and demand the tenfold leverage on your dollars when you give it away as well.

What did Peter Diamandis mean by:

You should command and demand the tenfold leverage on your dollars when you give it away as well.

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This quote is essentially highlighting the concept of strategic philanthropy or conscious capitalism. It suggests that when you donate or invest your money, you should expect and demand a significant return, not necessarily for personal gain, but in terms of the impact or change your money can effect.

The ‘tenfold leverage’ refers to the idea that your dollars should create a ripple effect, multiplying their value and impact. For instance, if you donate $1, it should ideally result in $10 worth of change or impact. This could be through empowering people, improving infrastructure, boosting education, or any number of other positive outcomes.

This idea can be applied in today’s world in numerous ways. For instance, businesses can apply this philosophy by investing in sustainable practices. Not only does this help the environment, but it can also improve their brand image, attract conscious consumers and potentially lead to higher profits in the long run.

On a personal level, this could mean investing time and resources in learning new skills or gaining knowledge. The return on this investment wouldn’t just be a new skill or piece of knowledge, but potentially a better job, higher salary, or even a more fulfilling life.

Another application could be in the realm of social entrepreneurship, where businesses are designed not just for profit, but to solve social issues. The return on investment here isn’t just financial, but also the positive change the business brings about in society.

In essence, the quote is a call for us to be more conscious and strategic with our resources, ensuring that they create the maximum positive impact possible. It’s a philosophy that can be applied not just in business or philanthropy, but in our personal lives as well.

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