Includes bibliographical references and index.
|Statement||by Desiree Smith-Daughety|
|LC Classifications||HG4027.6 .S65 2010|
|The Physical Object|
|Pagination||288 p. :|
|Number of Pages||288|
|LC Control Number||2009042368|
By reading the book: "Using Other People's Money to Get Rich", the reader is led through a step by step process that leads to securing financial stability for his/her business by/5(8). Using Other People's Money to Get Rich: Secrets, Techniques, and Strategies Investors Use Every Day Using OPM to Make Millions. Using other people s money is becoming an increasingly common practice. In fact, you have probably used other people s money at some point without even realizing it.4/5(3). This book is for those who think our life is too short to get rich using conventional ways of investing. The techniques described in this book are bold, aggressive and very creative. It's not for regular financial investors, it's for those who aspire to become financial geniuses. Someone wise once said: "Knowledge is 5/5(2). There are two ways to get rich. One way is to use your own money. The other way is to use other people’s money, or as we call it at Rich Dad, OPM. One (using your own money) provides small-to-modest returns, takes a long time to pan out, and requires some financial intelligence.
One of my absolute favorite business strategies is using other people’s money (OPM) for my investments. If you’re not familiar with the concept, it’s one of the cornerstones of the Rich Dad philosophy—looking beyond the limits of your own resources and finding sources of money elsewhere. Here are 10 ways to build wealth using other people’s money: 1. Buy a House. Few people these days pay cash when they’re buying a house. Instead, most people take out a mortgage for a large portion of the purchase price and pay off the loan via monthly interest and principal payments. It's a little difficult but you can bootstrap yourself not being a major investor: Get a mailing list of rich people, say of them. Send half of them a free investing newsletter that says that gold will be going up, buy gold. Sent the other. Using other people's money is the greatest form of financial leverage out there and is sought out by many professional investors and entrepreneurs. The problem is that it is extremely hard to find information on how to properly go about gaining access to it/5(41).
Using Other People’s Money. His son Douglas answers this question in a self-published book, Millionaire Down the Road: Secrets of the Ultimate Tax-Efficient Investor (). Make a Fortune the Warren Buffett Way: Using Other People's Money. Contributor. Other times we'd visit oil wells, look at farm properties or cattle. Other people's money. When you borrow money from other people and use it to your advantage especially in your business, you can get rich quick. OPM means other people’s money. OPT means other people’s time. Use both and make yourself get rich faster. Advertisement. Steps in Using Other People’s Money to Make Money. I show the basic concept of using other peoples money rather than your own, so you can 'leverage' your profits, by using less of your own money for investments.