Customer Reviews

Leverage: A Key to Success and Wealth

5 star:		(5)
4 star:		(1)
3 star:		(0)
2 star:		(2)
1 star:		(0)

 

 

I ordered this book with the hopes of gaining insight through examples and unrealized concepts. Unfortunately this book skimmed the surface of leverage. It discussed several types of leverage each which contained a few examples and commentary followed by questions to develop your untapped leverage opportunities. The concepts were good, the examples were few and brief and the questions were too brief and vague to procure a hint of enlightenment or anything in the same neighborhood.

Summary: Wealthy people are using leverage. There are several types. Find the type that best suits you and read a lot about it to develop a solid foundation before continuing on. Visit my website and tell your friends about my book :)

I also find it strange that several other reviewers who gave 5 stars are from the same state/area as the author.

A book that drew me in by the title and the premise, but offered little more than BASIC (think "Leverage for Dummies") teaching. For example - here are the three "keys" of leverage: people (hire other people to do your work), money (use other people's money) and time. He doesn't little beyond this to offer any kind of innovation around how to do this.

There, that's pretty much it. Now you don't need to by the book.

I have the pleasure of personally knowing the author and I can attest to the fact that Ron Pate practices what he preaches. I was fortunate enough to review this book before it hit the press, and now that I have the final version, I have read it again. Each time, I learn something new.
Although this is an 'easy read', it is quite informative as well. I took it on vacation with me, and as much as I hate to mix vacation with my 'normal life', I didn't feel as if I was guilty of 'working'.
The book uses personal examples to highlight how leverage is one of the key elements to becoming successful in ANY business endeavor.
If you are serious about getting out of the rat race learning how the pros do it, this is a MUST read.

In the first chapter Ron talks about setting a proper foundation to build your success upon. He teaches us about goals, staying focused, having a roadmap, and the benefits of a positive attitude.
In Leverage of Time, there are some great personal examples and business examples (from his 20 years or so of consulting and real estate and financial investing experiences). An account who increased her income by 24%, two small business entrepreneurs where one builds a system (like e-myth) and the other dosent - the result one make $50K per year and still has a JOB, and the other makes $500K per year and owns a system by leverage of her time. He also spends a lot of time on a proper mindset when thinking about how to approach your work and use leverage strategically.
In the leverageing money section Ron provides some great examples on his real estate investing methods of using the leverage of his own and other peoples money. (You should check out the fourms on his website, reading these posts and his answers is like getting a free mini consulting lesson from him - great resource).
The wealth concepts section of using leverage is very comprehensive. He discusses the mind set you must have in strategically thinking about wealth and using leverage to obtain it. The section is complete with lots of examples to help reinforce the concepts. He discusses how to generate passive income and income from your creative ideas and calls these money trees, very high leverage activities.
If you want to read about and understand a key wealth and success building strategy using the ultimate tool: Leverage, then get a copy of this high value book.
Michael Pate (no relation), [...]

If you've ever wondered how the super-rich get that way... this book gives you a good idea how you can join the ranks. Most other books are bios and don't help you understand the principles/laws involved in their success. (e.g. Bill Gates is the founder of Microsoft, blah blah blah). People then assume if they create a business they're going to be millionaires. Wrong. If you don't use leverage, you'll always be swapping dollars for hours. Well, first of all this book explains the many forms of leverage and principles that the super-rich employ to accumulate wealth that would take a common employee a thousand years.

For instance, Bill Gates was an entrepreneur and OWNED a controlling interest (51%) but used the remaining 49% of shareholders money (Other people's money O.P.M.) to keep his stock price up and their money in the business to buy other businesses all while using the skilled employees' educations to produce software swapping their knowledge and time for hours while he OWNED what they produced selling it over and over using a business systems (technology) and management. Not to mention, the "big idea" of MS-DOS was purchased after he penned his big deal with IBM for the PC.

Leverage is the key to true wealth and this book does a great job addressing this tool.

Wow! That's something unusual. You wouldn't normally see such material shared with a common public. Frankly speaking, I'm glad someone finally decided to spend time to point out and share with the majority of population some of the true key principals to success in business, as well as life in general. Mr. Pate, you have my respect. What is so great about this book that especially caught my attention (and made me willing to spend time writing this review, by the way) is that unlike multiple other "Success" books out there, this book is not an instruction manual full of technical terms instructing you how to get rich quick overnight. Rather it sets you in a mindset for realistic expectations how you can get rich and successful SLOW (but get there for FACT), but it explains how you can utilize concepts of Leverage to expedite the process. Regardless whether you are already successful or not, I recommend reading this book - I think anyone can pick up at least few new ideas for themselves.

This is a great book! I love it!
I must confess, I am generally a slow reader, and often find that if a book is not exceptional it will end up back on my shelf, half read. Not so with this one; I finished it in just a few sessions. It is not a particularly thick book, and if you tend to judge the value of your education in pounds per $, you should probably give this a skip. However, if you want a book that is going to get to the heart of the matter, in an easy-to-read, conversational manner, this is it.
This book is packed with "wealth truth" ... that's the best way I can think to describe it ... fundamental truth about wealth, wealth creation, money, time, knowledge ... truth that, when internalized and applied, has the potential to transform one's future.
I highly recommend this book! It will be a solid investment in your financial future.

This is one book that has opened my eyes to the concept of L-E-V-E-R-A-G-E in business and in everyday life. Once you start reading this book it is hard to put it down; because you get excited about the next paragraph which is filled with information on how to use this eye opening concept called L-E-V-E-R-A-G-E. If you are not familiar with this concepet then this is a MUST READ!!

THIS BOOK IS A WINNER!!