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.
