OPM – Other People’s Money
Other people’s money (OPM) is one of the most fundamental sources of OP Leverage that can be consistently utilized for massive financial profit. The more money you have access to for building wealth, the more leverage you have in building your net worth and purchasing power. I 100% believe in leveraging other people’s money. In fact, I would almost make it a sin to never utilize other people’s money. Other people’s money is a financing tool. It can enable you to take on ventures and investments otherwise out of your reach. It can turn an average yielding asset into a homerun. Remember that, fundamentally, there is always cost to taking OPM and that it is virtually always wise to do so if you can consistently outperform those costs.
Contracts & Phone Calls
In a world where most people believe that to become extremely wealthy you either have to work a lot harder or get lucky, us Wealth Builders know that all it comes down to is just contracts and phone calls. By nature, sophisticated Wealth Building is all about being an absentee owner. Stay away from your assets! So why do almost all “experts” tell people to keep a close eye on their assets? Because it is human nature, the scope of their understanding is limited, and they are not advising Wealth Builders. A sophisticated Wealth Builder’s empire virtually operates and grows itself.
Initial Wealth Building Definition
So if Wealth Building is no longer wealth building, just meaning strategically making money, then what is it? My redefining of Wealth Building comes from a person identifying themselves as a Wealth Builder. There are plenty of people who pursue large amounts of money but do not identify themselves as a Wealth Builder, nor should most of them. A sophisticated Wealth Builder goes way beyond the minimum definition of Wealth Building. The core definition of a Wealth Builder is a person who is…
1st Wealth Building Blog Post!
My very 1st Wealth Building Blog post! I believe I have invented one of the best approaches in the world to building wealth. In fact, I have redefined the words wealth building and wealth builder. While living it, I am going to release it to the world through this blog. The core of it is made up of a combination of existing principles as well as my own proprietary principles and distinctions. I will also discuss a lot of surrounding issues to Wealth Building here.
