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Other People's Money-You will learn how to: * Create strategies for using Other People's Money to leverage your way to financial freedom * Look beyond the limits of your own resources-in starting a business or making investments * Bring investors into your business without giving away the store * Find the sources that successful investors use in harnessting Other People's Money * Locate-and evaluate-the different kinds of OPM available to you * Think creatively-and use that creativity to lead you to multiple sources of money.
- Sales Rank: #396675 in Books
- Published on: 2005-04-20
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.00" w x 6.13" l, .91 pounds
- Binding: Paperback
- 352 pages
About the Author
Michael A. Lechter is a member of the law firm of Meyer, Hendricks, Victor, Osborn and Maledon in Phoenix, Arizona, and has specialized in intellectual property law for more than 20 years.
Most helpful customer reviews
7 of 7 people found the following review helpful.
A good start on the big business picture.
By David Etenburn
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!)
17 of 39 people found the following review helpful.
Repetitive, boring, easy money for Lechter and rich Dad.
By A Simple Guy
My title says it all: this book is very repetitve, boring, basic and has not much beyond common sense.
The repetition in the book is used to fill up pages and make an easy buck for Lechter, who is Rich Dad's patent attorney. Way to select your authors, Rich Dad.
55 of 55 people found the following review helpful.
Good starting point......
By Shane A. Brewer
OPM (Other People's Money), part of the Rich Dad series, focuses specifically on how to obtain other people's money in order to grow your business. This book is one of the beefier books in the Rich Dad series and also starts to focus on specific techniques rather than conceptual ideas.
Author Michael A. Lechter starts off by describing what OPM is, gives a listing of the different types available, and explains the advantages and disadvantages of each type. Michael then writes about how one can attract OPM through strengthening different aspects of the business. Finally the book finishes with an in-depth description of each type of OPM including where to look for it, the motivation of the people giving you the money, how to avoid pitfalls and different preparation techniques.
This book is a welcome change to the Rich Dad series as it gives more specific advice. However, there still is a lot of subject material that is out of the scope of the book so be prepared to read additional material. This book is an excellent starting point for the beginning entrepreneur, but the experienced business owner will likely find this book to be elementary.
Michael Lechter's writing style is concise but can be a bit dry... but you expect that from a lawyer. I stopped counting the number of times he plugged his other books. Once is fine but Michael points it out so many times that it got annoying. Finally the material is suited for an American audience only, so if you aren't opening a corporation in the United States, this book might not be for you.
Regardless, this book is a good starting point in the hunt for OPM. 4 out of 5 stars.
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