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Tom Riach
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Tom Riach   My Press Releases

Wealth 22 : O.P.M.

Published on 6/15/2014
For additional information  Click Here


O.P.M.” is the 22nd in my 'Wealth' series of original copyrighted WakeUp2Wealth Press Releases written by Tom Riach (that's me above) from my home in the sunny south of Portugal.

Wake Up 2 Wealth

Wake Up 2 Wealth's Daily View Of The World!


Do you know what the initials O.P.M. stand for? They stand for Other People's Money. If you are truly serious about becoming wealthy, then you should give some thought to O.P.M. Why? Because, if it were possible to use other people's money rather than your own in order to get wealthy then that wouldn't be too bad an idea would it? In fact it's the very method used by successful entrepreneurs to become wealthy since time immemorial! They've been at it for generations.

POWER POINT - “Generations of entrepreneurs have used other people's money rather than their own in order to create great wealth.”

Now before you go out to rob a bank, let's make it clear that Other People's Money in the context to which we are referring here means legally accessed money. OK, where does one get O.P.M. legally? Well the most common form of O.P.M. which people have access to is a loan. And the first place to ask for a loan is of friends and relatives. Many, many enterprises and personal fortunes have been built from capital first borrowed from family members or from friends.

POWER POINT - “Many enterprises and personal fortunes have been built from capital first borrowed from friends or relatives.”

Take my word for it. I'm not the kind of guy to mess about. Check me out by CLICKING ON the photo below.


That's me on the right, on stage at Vilamoura Casino presenting awards in my capacity as consultant to a major leisure and tourism company.

You can Contact me and arrange a FREE chat with me NOW! - Go to Contacts section at the bottom of this article.


The next place to go for a loan, which all people have access to, is a bank. A loan from a bank is effectively O.P.M. because the bank is simply lending out their depositors' money at a higher rate of interest than that which they are paying to the depositors. So that's O.P.M. Of course it's not always easy to convince your bank to lend you the money for your proposed enterprise so it's essential to draw up detailed plans and costings. In fact you should always do this regardless of whom you are asking the money from.

There are also Venture Capital Companies and 'Business Angels' (private individuals and investors) prepared to put up capital to finance ventures. Find them and ask them. The worst that can happen is that they say, “No.”

Another example of O.P.M. at work, and a superbly effective strategy, is the use of a publicly listed limited liability company (PLC). With a PLC the operation is funded at the shareholders' expense, while the founders and operators have only limited risk. In a PLC the company founders raise money by selling shares in the company to the public. So the company is capitalised and the company's activities supported by the use of O.P.M. In the event that the company fails, the loss is borne by the shareholders. But should the company prospers then not only do the shareholders gain, but so too do the company founders.

So anyone with serious intentions of building wealth simply must give consideration

to the use of O.P.M. and endeavour to find ways to exploit it. The principal of using O.P.M. is a philosophy long applied by the wealthy and the serious entrepreneur will always seek ways to finance his wealth creation activities at someone else's expense rather than his own. It is a way is it not of reducing risk?

POWER POINT - “The use of other people's money to create wealth is an important risk management strategy.”

So, never incur any cost that you don't have to. Where a cost must be incurred try to find ways of reducing it, including trying to pass the cost on to someone else.

Should you borrow money only do so in circumstances where you can be 'certain' of creating a substantially bigger sum of money than that borrowed and where you can be certain of paying back the borrowed capital quickly.

Never go in for 'dead' borrowing. Dead borrowing is any situation where you borrow money other than to make money eg mortgage, car loan, holiday loan – these all eat up money, cost a fortune and make you poorer. Those who go in for 'dead' borrowing generally become less well off because of it rather than wealthy!

So, to recap, borrow only to spend on ventures which will reasonably certainly create a profit greater than the sum borrowed, and quickly. Analyse the Risk/Reward Ratio! Then, if it shows a very good potential profit against a low risk – go for it! As before stated, many of the most renowned entrepreneurs and successful business giants of this and previous centuries originally financed their ventures with O.P.M. Sometimes from a bank or financial institution but often from friends and acquaintances. Often in fact from complete strangers!

Thus the moral is – Don't be afraid to ask! Ask anyone and everywhere. Pride should not come into it. The worst that can happen is that you can be refused. But if you ask, then you might be accepted. Take the risk of being successful!

POWER POINT - “The only risk you take in asking for financial assistance is the risk of being successful!”

Of course, have a sound plan prepared and documented, backed up by research and information. You will then be able to substantiate to your proposed backer that what you have to offer is a well thought out venture and that you yourself are credible and trustworthy. You must demostrate that your proposal is sound and profitable in its own right and remember, you may also be competing for this money against other proposals put to the funder so your proposition must be better than any others and also be the best presented.

POWER POINT - “Always do your homework. Prepare meticulously.”

When successful, be sure to repay promptly. In this way your personal credibility soars. Then you will find it progressively more easy to raise finance from many different sources. In fact, when your credibility and reputation are high, offers of money will come to you as if by magic and from places you would never have

imagined. You will find yourself having to vet the sources rather than the other way round. That's when you know that you've really arrived!

I live and 'work' in the sunny south of Portugal. Need I say more?


My Office In The Algarve

Email : Click Here

Tel. : (00 351) 914 021 159

Website : Wake Up 2 Wealth


is an original copyrighted Tom Riach press release, short and to the point. I hope you enjoyed reading about ”O.P.M.” and found it informative/entertaining. To learn more or to get in touch with me or to join my contacts group, please visit me on my website at WAKE UP 2 WEALTH.

See you there! Regards, Tom.

© Copyright Joseph T.Riach 1998-2014. All rights reserved.

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