How to get rich on other people's money by Tyler Ricks
How to get rich on other people's money: Going from flat broke to great wealth with creative financing - this is a book from Tyler Hicks, that discuss interesting ways in which a person can achieve wealth using other people's money.
The main idea discussed in the book is that the best way to start a business is using other people's money. That can be done in several ways:
- As a loan: banks and governamental institutions give away money for diverse business uses. You just need to find the sources of loans for your desired activity and apply.
- As an investment: investment money is available for several uses. Most technology-related business are started with money from investors. But that is not all. You can get investors to start restaurants, real estate businesses, manufacturing, and much more.
- By going public: starting a public company is a great way to get funding. You can start a company and grow it to a level where you can sell shares to the public. By doing this you can get a lot of money to expand the business while giving up just a minority stake.
The book goes in depth to explain the several sources of money for your operations. It is not only useful to learn these options, but the author also gives lots of suggestion for the types of business that can benefit from loans and other forms of money.
Using other people's money is really a great way to start a business. When you have other people interested in your advance, it becomes possible to create value more efficiently. This book makes a great job of offering good information and suggestions to implement your business strategies.
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