Whistle Stopper - Rich Dad's Advisors: OPM: How to Attract Other People's Money for Your Investments--The Ultimate Leverage

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Binding: Paperback Dewey Decimal Number: 658.15224 EAN: 9780446691857 ISBN: 0446691852 Label: Warners Business Books Manufacturer: Warners Business Books Number Of Items: 1 Number Of Pages: 352 Publication Date: 2004-02 Publisher: Warners Business Books Studio: Warners Business Books
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Spotlight customer reviews: Customer Rating: Summary: OPM: Other People's Money Comment: 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 yours. It's not the easiest read on the shelf. But, the content is great and the information is on the money. Customer Rating: Summary: The art of leverage Comment: If you really want to be a Real estate investor,then this is the book to purchase.The book is an investment in itself. Customer Rating: Summary: Great book to start a business with. Comment: 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!! Customer Rating: Summary: A good start on the big business picture. Comment: 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 shows 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!) Customer Rating: Summary: A Must Read For True Entrepreneurs Comment: 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! More Reviews
Editorial Reviews: 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 peoples moneyOPM. This book will discuss different forms of OPM, how to find OPM, the consequences of using OPM, and the legal aspects and pitfalls of trying to access OPM.