GreenSky Credit Owns Nothing Physical While Turning Huge Profits

It’s important to own nothing if you want to be a billionaire. You don’t want your company to be mired by inventory, depreciation, loss or damages. You want to make money while owning nothing physical that can wear down, break, be stolen or lost. It’s a difficult idea that has been mastered by David Zalik and his company GreenSky Credit.

Humble Beginnings

You can read about David Zalik’s incredible story on Wikipedia or in Forbes Magazine. The guy never technically graduated from high school or college because he was advanced to Auburn University at the age of 14. At Auburn, he built computers from scratch and sold them to students. He rolled those profits into other companies before coming up with his GreenSky Credit idea that had him dropping out of college.

Ridiculously Simple

David Zalik’s GreenSky Credit idea connects homeowners to contractors for home improvements. It is a smartphone app that homeowners can use to procure a loan for home improvements which fuels more work for contractors. The app only approves those with great FICO credit scores. GreenSky Credit then takes these loan applications to a bank.

The bank funds the loan which means they take on all responsibility for the loan. In exchange for the loan, GreenSky Credit receives 1% of the spreadsheet annually. Contractors also cut the Fintech company 6% of each loan amount.

GreenSky Credit Own Nothing Physical

The Fintech company makes a ton of profit without any liability or ownership. The only thing that the company owns is the transaction itself. The bank owns the loan and all of its responsibilities while the contractors own all the inventory. After all, home improvements need to be performed with tools and supplies.

David Zalik has amassed a $2.5 billion fortune while owning nothing but a smartphone app. He’s the ultimate American middleman and it doesn’t seem to be slowing down anytime soon. If you want to make $1 billion just look at what this math prodigy has done in the world of financial tech. He owns nothing but profits off everything.

http://www.cisneyremodeling.com/financing-options-from-greensky-credit.html

Shervin Pishevar Says No Room for Startups

When Shervin Pishevar takes to social media to discuss his thoughts, a considerable audience usually gathers. This is due to his incredible history of success regarding investing, which has seen him partner with a number of startup companies that were poised for greatness, during a time when the general public had yet to take notice. Shervin Pishevar has played a handing in introducing companies such as Tumblr, Slack, Rapportive, Dollar Shave Club, Rap Genius, and TaskRabbit, to the world.

Recently, in what would later be deemed a tweetstorm, Shervin Pishevar took to his favorite social media platform to discuss a myriad of economically relevant affairs that he feels will change the course of America, affecting its position of power in regards to the rest of the world. During the tweetstorm, which totaled 50 tweets, that were delivered over the course of 24 hours, Mr. Pishevar discussed globalism and changes within the monetary system, as well as the economic uncertainty that has been the subject of much debate as of late.

One of the most controversial topics that Shervin Pishevar chose to discuss, concerned the position of the current American unicorn corporations, which he feels have become monopolistic in nature. Alphabet (Google), Apple, Amazon, Microsoft, and Facebook, were all named during the tweet-flurry, and according to Mr. Pishevar, despite the power that these corporations currently yield, which he feels is excessive, they are destined to fall. These entities have been placing a stranglehold on competition in America, and in spite of their prominence, which allows them to employ a number of people, it has also killed off any real semblance of competition through aggressive acquisitions. This practice has limited the opportunity for growth for startup companies that have traditionally flourished in Silicon Valley. This reality is coupled with the fact that many countries around the world have begun utilizing the same principles that have made Silicon Valley so dominant in the tech world, making location within the United States, less and less of a necessity for world-changing corporations, as well as bonafide startups.

https://twitter.com/shervin