Rich Dad's Advisors-: OPM: Other People's Money | 
| Author: Michael A. Lechter
Publisher: Business Plus
List Price: $14.99
Buy New: $9.99
You Save: $5.00 (33%)
Rating:  13 reviews
Sales Rank: 12888
Format: Kindle Book
Media: Kindle Edition
Pages: 352
Number Of Items: 1
Dewey Decimal Number: 658.15224
ASIN: B001J2UVHK
Publication Date: October 23, 2008
Availability: Usually ships in 24 hours
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Product Description
Cash flow is the foundation of every successful business, but investors do not have to start with their own money to build a business. Money can be made by acquiring an asset, turning an idea into a fortune, or building a business, using other peoples money (OPM). This book will discuss different forms of OPM, how to find OPM, the consequences of using OPM, and the legal aspects and pitfalls of trying to access OPM.
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| Customer Reviews: Read 8 more reviews...
Good starting point...... January 5, 2006
Shane A. Brewer (Canada)
29 out of 29 found this review helpful
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.
 Repetitive, boring, easy money for Lechter and rich Dad. August 19, 2005
The Ugly Investor (Sunnyvale, CA USA)
11 out of 25 found this review helpful
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.
 A Must Read For True Entrepreneurs August 4, 2006
Doug Brown (New Hampshire)
9 out of 11 found this review helpful
Michael Lechter's book "OPM" Other People's Money is one of the finest books written for creating financial leverage. The information teaches anyone how they can take an idea and truly turn it into a significant financial gain without risking their own capital.
You do not need money to become successful. You need a worthwhile idea and other people's money and or resources to bring that idea to fruition. Don't shelve your dreams due to lack of cash flow. One idea in this book provided me with over $30,000 in other people's resources and I did not give away equity to do so.
After you read this book then lack of cash flow is no longer a reason not to transform your ideas into reality. Apply the knowledge in this book and you have more than a short-lived chance of success. We have all heard the saying that knowledge is power. Once you have learned the information contained within this book you will have the power, you just have to apply it.
The material is straight forward. This is a must read for anyone that considers themselves a true entrepreneur. I learned more about cash flow and understanding how to attract other people's money and resources in this book than I did in six years of college.
If I had this information prior to starting my entrepreneurial life I am sure I would be 50 times wealthier today.
Thank you Michael, You Rock!
OPM July 5, 2006
James Reid (Wellington, Fl)
8 out of 10 found this review helpful
Only 1/2 way thru, however, an old dog can learn new tricks. I've been a real estate investor for 17 years. If I had this book 17 years ago, I would probably have 40 properties today instead of 20. EZ read and full of very useful information.
There's no better investment than someone else's money! September 29, 2005
Bill Zanker (NY, NY)
6 out of 9 found this review helpful
If the thought of being able to build a fortune using other people's money seems like a dream come true then look no further than Michael Lechter's book OPM. You'll create strategies for using other people's money to leverage your way to financial freedom. And who's better to teach you how than Rich Dad Robert Kiyosaki's personal advisor and attorney! This book is a must read for anyone wanting to become rich.
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