Leverage: Other-People's-Money (OPT)

Have you ever wondered how Steve Jobs became rich? If you watched the movie Pirates of the Silicon Valley, Steve Jobs isnt rich to begin with. He earns little money by selling Steve Wozniak's gadgets. He tried numerous times to loan from banks but failed to get one. Until one time Mike Marcula met him and and invested a quarter million dollars. From there, Apple Computers prospered.

Anyone who wants to become wealthy and rich must know how to harness the leverage of other people's money. One good example is finding an investor. You can start your own business by borrowing money from investors. Another form is bank loan. You can borrow the depositor's money and return d money with interest in installment basis.

The point here is, if you'll just rely on your hard earned after taxed money, it will take you years before you'll be able to achieve financial freedom. But if you leverage your money with other people's money, then results can be achieved faster.

Rich people does it, why shouldn't we? Learn how to harness the power of debt, and it will make you very rich. Just be careful, debt is like a very sharp double edge sword. If you dont knowm how to use it, it might harm you or worst case, kill you.

Next time, ill share the difference between good debt and bad debt. Thanks to Kiyosaki for sharing these words of financial wisdom.