Name: How to get rich with OPM other people's money?
Uploaded: 2021-10-31T03:27:54+00:00
Duration: 9 min 59 s
Description: http://bit.ly/howtobuildpassiveincomefast How using Other People’s Money at scale can make me exponential —and even—infinite wealth Visit our website: https://www.masterinvestor.education Read the ful

3 years ago

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http://bit.ly/howtobuildpassiveincomefast

How using Other People’s Money at scale can make me exponential —and even—infinite wealth

Visit our website: https://www.masterinvestor.education

Read the full blog by clicking the link:

https://bit.ly/howtogetrichwithotherspeoplemoneyfast

There are two ways to get rich. One way is to use our own money. The other way is to use other people’s money, or as we call it Master Investor OPM. One (using our own money) provides small-to-modest returns, takes a long time to pan out, and requires some financial intelligence. The other (OPM) provides large-to-infinite returns, creates incredible velocity of money, and requires a high financial intelligence.

We say only lazy people uses their own money (nothing wrong with it as long as we have a lucrative plan but there is a better way to do it bu combining it with OPM successfully), because the creativity and financial intelligence we can raise capital from others to invest it for (IRO) infinite return on investment for them and us. IRO is when the business or investment produces back the initial capital invested. How to get rich with other people's money (OPM).

Good debt and Other People’s Money?
Other people’s money (OPM) is a fundamental concept of Master Investor and a sign of high financial intelligence. By using both good debt and OPM, we can dramatically increase our Return on Investment (ROI)—and we can even achieve infinite returns.

Good debt is a type of OPM. By way of reminder, good debt is any debt that puts money in our pocket. By contrast, bad debt takes money out. So, a car loan, for instance, is bad debt. We pay for it each month while the car provides no income and in fact depreciates the minute we drive it off the lot.

Good debt, by contrast, would be a loan for an investment property where the rental income pays for the expense of the property, including the debt service, while also providing monthly income for us as a form of cash flow/residual income/passive income.

The downside to good debt is that we can generally only borrow a certain percentage of an asset’s purchase price. In keeping with our real estate example, that is generally around 70 to 80 percent of the purchase price.

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Read another great blog here: https://bit.ly/whatareassetsandliabilities

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A lot of people come to me asking how they can get rich quick. That is the one question that disturbs me the most because it’s the wrong question. It tells me that they don't have the foundation of financial intelligence required to use their money well if they get rich.What are Assets and Liabilities? This is because most people don't understand that, when it comes to being rich, it's not about how much money we make. It's about how much money we keep.

When it comes to building our asset column we must understand the rules of money inasmuch the history. Because just like anything money changes. Therefore, we must understand the cash flow patterns that exist for the poor, middle, and wealthy.

The steps are quite simple but you need to watch the video until the end to understand and implement the whole process and start earning money online.

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