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Why You MUST Understand "Leverage" to Truly Build Wealth | E46

Why You MUST Understand "Leverage" to Truly Build Wealth | E46

FromThe Rich Somers Report


Why You MUST Understand "Leverage" to Truly Build Wealth | E46

FromThe Rich Somers Report

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)

Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $50M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers