A method for constructing homogeneous Lyapunov functions of degree 1 from polynomial invariant sets is presented for linear time varying systems, homogeneous dynamic systems and the class of nonlinear systems that can be represented as such. The method allows the development of Lyapunov functions that are not necessarily symmetric about the origin, unlike the polynomial, homogeneous Lyapunov functions discussed in the prior literature. The work is illustrated by very simple examples.