Leverage can amplify wealth when used wisely from "summary" of FAKE: Fake Money, Fake Teachers, Fake Assets by Robert T. Kiyosaki
Wealth amplification hinges on the smart use of leverage. When individuals use borrowed resources to invest, they are not merely relying on their own capital but also utilizing others' money to increase their potential returns. This strategy is akin to using a lever to lift a heavy object; the right application can yield substantial outcomes.
Consider real estate as an example. By using a mortgage to buy a property, an investor controls an asset much larger than their initial cash investment. If the property appreciates, the returns are calculated on the total value of the asset, not just the down payment. This means that the profits realized when selling the property can far exceed the initial investment, significantly enhancing wealth.
With great power comes responsibility. Misusing borrowed funds can lead to devast...
Read More
Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.
