Rich Dad's Advisors: OPM: How to Attract Other People's Money for Your Investments--The Ultimate Leverage | Michael A. Lechter | The art of leverage
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Rich Dad's Advisor...
Rich Dad's Advisors: OPM: How to Attract Other People's Money for Your Investments--The Ultimate Leverage
Michael A. Lechter
Warners Business Books
, 2004 - 352 pages
average customer review:
based on 12 reviews
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highly recommended
Cash flow is the foundation of every successful business, but investors do not have to start with their own
money
to build a business. Money can be made - by acquiring an asset, turning an idea into a fortune, or building a business - using
Other
People
's Money -
OPM
. If one has a credible idea or business proposition, does their homework, and builds a proper foundation, OPM in one form or another should be available. This book will discuss the different types and forms of OPM, the consequences of using OPM, and the legal aspects and pitfalls of trying to access OPM.
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A Must Read For True Entrepreneurs
Michael Lechter's book "
OPM
"
Other
People
's
Money
is one of the finest books written for creating financial
leverage
. The information teaches anyone
how
they can take an idea and truly turn it into a significant financial gain without risking their own capital.
You do not need money to become successful. You need a worthwhile idea and other people's money and or resources to bring that idea to fruition. Don't shelve
your
dreams due to lack of cash flow. One idea in this book provided me with over $30,000 in other people's resources and I did not give away equity to do so.
After you read this book then lack of cash flow is no longer a reason not to transform your ideas into reality. Apply the knowledge in this book and you have more than a short-lived chance of success. We have all heard the saying that knowledge is power. Once you have learned the information contained within this book you will have the power, you just have to apply it.
The material is straight forward. This is a must read for anyone that considers themselves a true entrepreneur. I learned more about cash flow and understanding how to
attract
other people's money and resources in this book than I did in six years of college.
If I had this information prior to starting my entrepreneurial life I am sure I would be 50 times wealthier today.
Thank you Michael, You Rock!
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The art of leverage
If you really want to be a Real estate investor,then this is the book to purchase.The book is an investment in itself.
Great book to start a business with.
I am mainly interested in real estate investment, so this book did not have a whole lot for me. It would be really great if you are looking for capital to begin a business. I just wanted
money
to buy houses with!!
A good start on the big business picture.
One of the concepts the
Rich
Dad
series has taught me, and you see this throughout the free enterprise system, is that "he who creates the investment gets most of the gold".
Bill Gates. Warren Buffett. The real estate developer next door turning five acres into a small strip mall, or an apartment complex.
This book s
how
s how it's done. From concept, to trademarking and patenting, to incorporating, to raising the funds, everything short of filing the IPO is included, albeit briefly. But that's OK, you'll need
your
own attorneys and professionals to customize these parts for your application, anyway. Just don't cut any corners.
Michael gives you examples throughout the book as to how the process should work... and a few examples of what happens when you cut corners. (it can get ugly at this level, gang!)
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OPM: Other People's Money
A true entrepreneur knows
how
to
leverage
other
people
's ideas and other people's
money
to create more wealth for everyone around them. Michael Lechter has outlined several ways to bring other people to the table to combine their
investments
with
your
s.
It's not the easiest read on the shelf. But, the content is great and the information is on the money.
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