It is all about determination and innovation; David Zalik

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Today, David Zalik is featured among top billionaires by the Forbes magazine. He was born in Israel and later moved to the US when still young. Soon after completing primary school he enrolled at Auburn University. He never attended high school education. His desire to date college ladies fuelled the entrepreneur skills. When still in university he decided to involve himself in computer assembling business. Business was doing great and soon after he dropped out of school so that he could focus on his business. He established a company by the name MicroTech which he later sold in 1996 and moved to Atlanta.

David Zalik decided to invest his fortune in real estate business. His investment grew and felt the need to explore new ideas. The established a web and mobile-development consulting firm called Outweb. It is out of the consultations with his clients that the idea to start GreenSky Credit was born. Zalik is currently the CEO of GreenSky LLC. The company was established in 2006, and its main operating base is in Atlanta. Recently, the company was listed among the top financial technology company in the US. The company facilitates the issuances of loans to clients through the use of technology. Through their platform, they can sign up merchants/clients and link them to willing banks and other financial institutions for loans.

Today the company has employed around 650 people. Besides the company has facilitated billions of loans. Zalik feels that by 2020 the company will have hit the $20 billion goals. The primary source of income is from originating and loan servicing. In September 2016 Fifth Third Bancorp, a bank in Ohio, partnered with GreenSky and also bought a stake worth $50 million. However, David Zalik still owns more than half of the company. According to him there no plans for floating share for the public. It is the same year that he was awarded the National EY Entrepreneur of the Year Award in Financial Services. Making it this far has not been an easy journey. David Zalik has attributed his success to hard work, determination, and innovation.

https://www.bloomberg.com/news/articles/2016-09-26/instant-lending-made-this-college-dropout-a-billionaire

Stock-Based Loans from Equities First Holdings: A Business Financing Solution with a Difference

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While I may prefer to be modest by not making the categorical statement that stock-based loans from Equities First Holdings are the best at the moment, this brand of loans has some outstanding advantages rare to by. The company came on board only 14 years ago, but its impact has taken a global dimension. From Indiana, USA it has spread to many prominent cities in the world, the likes of London, Bangkok, Hong Kong and Sydney to mention just a few.

Many businesses at the point of collapse were literally resuscitated with the help of stock-based loans. Previously, these businesses had attempted getting loans from banks and other conventional lenders to no avail as the collateral was just beyond their reach. No one can tell how many would-be businesses that could not see the light of the day because the capital to run them was not forthcoming. Stock-based loans are helping to break this yoke by requiring only stocks or shares as collateral for loans. The criteria are not burdensome, and many business persons and organizations have been taking advantage.You can also visit their official website: http://www.equitiesfirst.com/

The issue of outrageous interest rates on loans provided by banks and other conventional lenders has been a torn on the skin of individuals and business owners. Many businesses have collapsed under the weight of these huge interest rates. How could a company make progress when almost all its profits are used to pay interest leaving the company with little or nothing? Stock-based Loans issued by Equities First Holdings is helping out in this regard. The company operates fixed, low and affordable interest rates, generally below 5 percent. This is about the least rate anyone can get today. Hardworking business persons will definitely thrive when interests are at the minimum.The above points are only a few of the benefits of stock-based loans from Equities First Holdings. Little wonder, clients regard them as the best when it comes to business financing solutions.

Top Analysts Feel Its Time Americans Start Taking Savings Seriously

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Warren Buffett recently wagered $1 million saying that he can make more money by investing in S&P 500 index fund than by investing in expensive funds, and it looks like Warren Buffett would win this challenge. It is true that the market is filled with many expensive funds that have low manager ownership and high expenses, which wasn’t the case earlier. However, it cannot be only said that passive funds are better than other expensive funds out there that are equity linked. Warren Buffett is one of the leading investors in the world, and his theory of making simple investments for long-term is a strategy that is followed by the majority of the investors worldwide.

He believes that no matter which path of investment one chooses, it is essential that people do a thorough analysis of the concerned investment tool as well as follow the market trend to get a proper insight. He says that people should start investing for a better future and must take retirement planning seriously. As the world has evolved and the way investments are made has changed, it only makes sense to start investing early for long-term wealth creation.

Read more on Medium.com.

Tim Armour is one of the most active fund managers in the world and is the chairman of Capital Group, which is the home of American Funds. Tim Armour has helped Capital Group’s global expansion and became the chairman of the group after the previous chairman was deceased.

He has helped the firm gain major accounts worldwide, including collaboration with the Samsung Asset Management of South Korea, where Capital Group helped devise and market financial and retirement planning tools for the company.

Learn more about Timothy Armour: https://www.business.com/advice/member/p/timothy-armour/