Credit Report Secrets Of The Super Rich Exposed
In this article we are going to take a look at exposing the credit report secrets of the super rich.
If you are anything like me, you are fascinated by the financial machinations of those who have A LOT more than the average person, and even more importantly, how they manage to maintain it all.
So read on as I expose some of the things I have learned that have helped ME leapfrog many common obstacles on the totem pole of tremendous success, and hopefully you get the very same boost! Ready? Great, let's do it! Lean on the Lever of Leverage Remember Danny Devito's famous quote about "OPM?" Other people's money, baby! This is unquestionably the key to getting your grubby hands on lots of assets that can grow, without having to invest a ton of money to make it happen.
Real estate is a perfect way of doing this (although in 2008 that MIGHT not be the best example..
;-), commodities, stock options, anything that you are able to use a reasonably small percentage of money to control potentially, a much larger asset.
Real estate has unquestionably been of the EASIEST ways that many Americans (and people around the world) have generated and built up significant portions of their wealth.
Think though, what would have happened if instead of BORROWING 80-100 percent of the value of the home...
we were all forced to come up with CASH? Not many home buyers would be around...
I think you can agree.
This is the simplest form of leverage in action, and how many of the wealthiest Americans have built their own wealth from a grass roots level on up.
Understanding Your Credit Report and Rights Again, it amazes me how many people are absolutely CLUELESS about the information on their credit report.
This is, unquestionably, the most important sheet(s) of paper that portend to your ability to move ahead in life from a financial perspective, yet...
so many of my friends and family have absolutely NO idea what's on there, what the codes mean, and how to decipher how the net effect of this information holds the key to much of what society will give you going forward.
Of course there are exceptions, but by and large, your credit score DOES indeed determine much of where you are going, and what you will be allowed to have when you arrive.
Seriously powerfulstuff indeed!
If you are anything like me, you are fascinated by the financial machinations of those who have A LOT more than the average person, and even more importantly, how they manage to maintain it all.
So read on as I expose some of the things I have learned that have helped ME leapfrog many common obstacles on the totem pole of tremendous success, and hopefully you get the very same boost! Ready? Great, let's do it! Lean on the Lever of Leverage Remember Danny Devito's famous quote about "OPM?" Other people's money, baby! This is unquestionably the key to getting your grubby hands on lots of assets that can grow, without having to invest a ton of money to make it happen.
Real estate is a perfect way of doing this (although in 2008 that MIGHT not be the best example..
;-), commodities, stock options, anything that you are able to use a reasonably small percentage of money to control potentially, a much larger asset.
Real estate has unquestionably been of the EASIEST ways that many Americans (and people around the world) have generated and built up significant portions of their wealth.
Think though, what would have happened if instead of BORROWING 80-100 percent of the value of the home...
we were all forced to come up with CASH? Not many home buyers would be around...
I think you can agree.
This is the simplest form of leverage in action, and how many of the wealthiest Americans have built their own wealth from a grass roots level on up.
Understanding Your Credit Report and Rights Again, it amazes me how many people are absolutely CLUELESS about the information on their credit report.
This is, unquestionably, the most important sheet(s) of paper that portend to your ability to move ahead in life from a financial perspective, yet...
so many of my friends and family have absolutely NO idea what's on there, what the codes mean, and how to decipher how the net effect of this information holds the key to much of what society will give you going forward.
Of course there are exceptions, but by and large, your credit score DOES indeed determine much of where you are going, and what you will be allowed to have when you arrive.
Seriously powerfulstuff indeed!
Source...