18 min listen
Why You MUST Understand "Leverage" to Truly Build Wealth | E46
Why You MUST Understand "Leverage" to Truly Build Wealth | E46
ratings:
Length:
10 minutes
Released:
May 9, 2023
Format:
Podcast episode
Description
In today's episode, Rich discusses why you can't "save your way to wealth" and the importance of utilizing leverage to get ahead. He dives into several examples of different forms leverage, including buying real estate deals, investing passively in real estate syndications or funds, creating social media content, hiring an assistant, and the ability to raise & multiply money. Rich also talks about why it's a good idea to hire out certain tasks in order to reallocate the time saved and focus on higher producing activities. --Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Released:
May 9, 2023
Format:
Podcast episode
Titles in the series (100)
Buying a Luxury Airbnb at the Top of the Real Estate Market | E5 by The Rich Somers Report