Because no matter how you live your life, having money always makes things easier.  It may not solve all of your problems, and may even create a new set of problems.   But have you ever heard someone say they would have LESS problems if they had LESS money?  I doubt it.

There’s Only ONE Way to Get Stinkin’ (I mean “Fragrantly”) Rich!

What is the key to getting RICH? I don’t mean, making money, just getting by, or making a little more today than you did yesterday. I mean making truck loads of money, and making it over and over and over.

The key has always been summarized in one word: “Leverage.”

Real Estate has probably made more millionaires than any other business. One reason is that it allows you to use tremendous leverage: Buy a property with 20%, 10%, 5% or even with NOTHING down, and you control an expensive asset.

The financial markets have made many millionaires. Stocks, and especially futures and options allow a person to own part of a company or a market, with 50%, 25%, 5% or in the case of currencies, as little as 2% down. Again you control a lot of financial power, without having to use much of your own money.

Of course, this was before the markets crashed and the housing market fell.

Traditional business also allows you to use leverage. You use the leverage of your employees time and skill, pay them a little less than what they’re worth, and you can become very wealthy.

Leverage is clearly the key to becoming wealthy. But all three examples have the same Achilles heel: Leverage is a two-edged sword. You can control a large financial stake with very little of your own money, so when you win, you win big … but when you lose, you can lose more than you have!

If you bought a $1 million property with no money down, because you didn’t have any money, you may be excited. But if the property goes down in value $200,000, and you can’t rent it out, and you can’t afford the mortgage payments, then you’re stuck having to sell it for a loss … plus transaction costs.

In short, leverage turned bad, can make you lose MORE money than you have!

MLM is the one business that allows you to have leverage, but without that type of “lose everything and MORE” risk.  I’ll explain it in detail in the next post.

In the meantime, this makes for good reading…Think and Grow Rich