Allowing Other People’s Money to Work for You with Lance Johnson
On today’s episode, Rob and Adrian are joined by Lance Johnson with ROI financial and continuing on this series of financial literacy. Learn how you can allow other people’s money to work for you. Tune in and let us know what you think.
With over 25 + years of experience as licensed real estate professionals, and a long track record of winning for their clients, Rob and Adrian will teach you what it takes to be an everyday real estate millionaire. Don’t forget to subscribe, rate, and review!
Rob Delavan, Adrian Schermer & Lance Johnson
Adrian Welcome back future millionaires to the Get Rich Slow Podcast. I’m one of your Co-hosts, Adrian Schermer and I’m joined here by my Co-hosts Robert Delavan and Lance Johnson. How’s are you both this morning?
Rob Good morning. Fabulous.
Lance Good morning. It’s a great day to be building wealth.
Adrian Today we’ve got quite a title here. It’s “Allowing other people’s money to work for you.” Core concept here is utilizing leverage to build assets. I’m going to pass it along to Rob here to fire us along.
Rob So, the goals of the podcasts are to teach the audience what utilizing leverage means. And different ways to utilize leverage in different sectors. And who should be using which kinds of leverage.
Lance This should be fun.
Rob And who should be using which kinds of leverage. Lots of big concepts we’ll try to break it down. Chew it up. And spit it out.
Adrian This is really the first layer of that idea. We really talk about this a lot, right? Where if you don’t know any better you think that building wealth is taking a slice of what you earned and throwing it into a pile, and eventually that pile gets really big – that old school, “just open a savings” way of thinking. This is next tier in that concept which is – How do you make that asset work harder for you?”
Rob Right. So, I’m going just kick this off. Lance, I’m going to drill you here. So, for someone who doesn’t know what “utilizing leverage means” can you, in the simplest terms possible, tell us and act like Adrian and I are the idiots in the room…