GreenSky CEO David Zalik makes novel business model work

Business, Businessman, CEO, Company, Entrepreneur, Founder, Home Repair, Investment, Investor, Technology

When entrepreneur David Zalik went on a roadshow back in 2005 to pitch his idea for a fintech company that would extend instant point-of-sale retail loans, he knew that he had stumbled across a gold mine. But the 32-year-old veteran of the business world had a tough row to hoe when trying to convince banks to loan him the capital that he needed to get his new business off the ground.

Zalik visited dozens of banks in the fall of that year, only to be rebuffed by skeptical looks and promises by bankers to talk to their bosses, meetings that somehow never seemed to materialize. Eventually, Zalik came to terms with the fact that it wasn’t so much the concept behind his new company, which would become known as GreenSky Credit. Instead, it was the revenue model that had bankers spooked. Quite simply, it was a business model that had no historic analogue.

All sides gladly pay when everyone wins

But Zalik would end up being proven right. After being rejected by so many banks, the determined businessman decided to liquidate his entire real estate portfolio and finance the company himself. This would turn out to be a good bet. But even Zalik had doubts in the beginning about whether he could really make the GreenSky revenue model work.

GreenSky would ultimately end up making money from all three of the parties to the transaction although it wouldn’t be advertised that the borrowers themselves are actually paying for some of it. The contractors and retailers who pitch GreenSky loans and with whom the GreenSky borrowers are actually purchasing goods and services pay the highest fee, 6 percent of the principal amount. But these entities are more than happy to pay that fee because the loans are going towards business that they almost certainly would never have otherwise had.

And the fact is that the 6 percent fee that the retailer pays is effectively rolled into the loan itself, meaning that it is really the customer who ends up paying it. But the customers or borrowers couldn’t be happier. That’s because they’re getting to complete projects that otherwise would have fallen through. And the banks themselves pay a 1 percent carrying fee on all loan balances originated by GreenSky.

http://greenskycredit.atsondemand.com/

Shervin Pishevar Warns Of Changes Coming To The American Economy

Business, CEO, Entrepreneur, Investment, Technology

There is something brewing in the United States that we have not seen in our lifetimes if you believe the words of Shervin Pishevar. He feels that we going through a transformative time in the country that is going to shape the way that we all move forward into the future.

As an early investor in Uber, Shervin Pishevar earned a name for himself by being one of the first to put his faith and his money into the company. He not only earned a good reputation for having done this, but he also earned himself a nice bit of money as well. He proved that he knew how to make a good financial prediction.

Twitter has been blessed by the likes of Shervin Pishevar. He has an account that he likes to use frequently in order to inform his readers of his thoughts on how things are going in the economy. He even recently took the opportunity to go on a “tweet storm”. This is a stretch of time during which a person uses their Twitter account to send out multiple messages on the same or similar topics.

The tweet storm from Shervin Pishevar would end up lasting a total of fifty tweets over a period of twenty-one hours. Thus, he was able to keep his followers hanging on his every word the whole time.

During that lengthy amount of time he tweeted about how he feels that the stock market is about to go into a correction. That is when the market corrects by at least twenty percent. That kind of thing is common enough, but the reasons why Shervin Pishevar believes that it is about to happen are something different.

He thinks that China and others are becoming the parts of the world where the newest startups are going to happen. Instead of great companies getting their start in America we will have to look abroad as other countries start to take away the biggest advantage that we used to have over them. He may or may not be right about this, but at least he has a strong track record of predictions from the past.

https://b612foundation.org/members/shervin-pishevar/

Freedom Checks Get Regular Returns From Your Investments In MLPs

Financial, Investment

To live a life free of any financial worries, you need to make sure that you plan accordingly and from the beginning. Investing has become highly complicated than earlier, and it is why most people should turn to the best financial advisor to get more information on how to invest and where. The timing of your investments also plays a vital role in what you would get out of your finances. To support your retirement and your family in the future, making regular investments is necessary. Matt Badiali is a renowned investor and natural resources expert and is often called upon by leading financial and energy firms for his expert advice. As a professional geologist, Matt Badiali has traveled across the globe to magnify his knowledge in the natural resources industry.

Matt Badiali has helped many companies as well as high net worth individuals make a fortune with his expertise and experience. After working for nearly two decades in the energy and financial sector, Matt Badiali moved to work for the leading financial publishing house, Banyan Hill Publishing. Matt Badiali is currently using his expertise to help common people make money. Matt Badiali says that people should invest in the energy companies more as they are highly profitable and provide generous returns to the customers. Recently, he introduced an investment strategy that he calls as the Freedom Checks strategy. It is this Freedom Checks strategy that has been in the news lately and it is all about investing in the MLPs or the master limited partnerships.

Matt Badiali says that if you do not invest in the Master Limited Partnerships, you are losing out big time as the people who have invested in these MLPs are getting regular returns with the help of their dividends. It makes it easier for the people to meet financial challenges when they are getting Freedom Checks as supplementary income. Matt Badiali has over twenty years of extensive experience in the natural resources industry and has traveled around the world to witness the energy industry firsthand. It has helped Matt to identify certain MLPs that are more profitable than the rest and which are fundamentally strong as well. Taking the help of the leading financial experts to develop an investment strategy would safeguard your money and help it grow with time. If you are serious about getting Freedom Checks, then you might want to subscribe to the newsletters that are edited by Matt Badiali.

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