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The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)
book

The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)

by Ken Fisher, Lara W. Hoffmans
November 2009
Beginner to intermediate content levelBeginner to intermediate
256 pages
10h 55m
English
Wiley
Content preview from The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)
Learn
to
love
leverage.
It superjuices return.
160 The
Ten
Roads
to
Riches
They
borrow!
Done
right, leverage
super juices profit.
Done
wrong, losses and
humiliation are
massive-beyond
total. Isn't
borrowing risky? Sure, if you do it wrong.
But this road requires leverage.
If
you're debt-averse, stop now and
flip to another road. Otherwise, overcome
your
debt
fears. Learn to
love leverage to achieve land baron success.
The
Magic
Here's how the magic works: Suppose you
put
down 5 percent on
a $100,000
property-$5,000.
In five years, you sell for $125,000.
Ho
hum-a
25 percent gain, just 4.6 percent annualized. But no!
You only tied up
$5,000-that
$25,000 gain is actually 500 percent
and 43.1 percent annualized. Magic!
Yes,
you had interest payments
on the
debt-we'll
get to that. And if the value fell you would lose
your $5,000. Leverage goes both ways.
The
key is finding a good
value you can monetize
that
others don't want. You must turn prop-
erty into a money-rendering machine by monetizing it.
MONETIZE
IT
Here's how. But first, a disclaimer:
I'm
no land baron. Yes, I own
over $100 million
of
real estate, mostly buildings my firm uses. But
it's my wife Sherri who's the family land baron.
In 1999 two men bought 1450 Fashion Island Boulevard,
a then 15-year-old, 104,000 square foot Class A office building
in San Mateo, California, at the intersection
of
freeways 101 and
92-the
crossroads of the San Francisco Peninsula connecting San
Francisco to Silicon ...
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Publisher Resources

ISBN: 9780470481554Purchase book