Apps, business, CEO, Company, Investment, Technology Company

GreenSky Credit Drumming Up Some Serious Coin

GreenSky Credit started humbly enough. Founder David Zalik hails from Atlanta where he was a math genius in high school. His high school shipped them off to Auburn University at the age of 14 where he started his first company. He was building computers from scratch for Auburn University students when he decided to drop out of college. He was making too much money. He also had the idea for GreenSky Credit.

Respect For Zalik

This is where I gain a lot of respect for the founder of the financial tech company. He quite literally put everything on the line by taking out a $10 million loan using his family’s Georgia real estate as collateral. He’s also fought outside investors. He’s worked very hard to keep controlling interest of his company which is now one of the most valuable privately owned companies in the world.

Relationship With Banks

Of the major things that set GreenSky Credit apart from other financial tech companies is its relationship with conventional banks. In fact, GreenSky Credit Just signed a $50 billion lending deal with Fifth Third Bank out of Cincinnati, Ohio. Other financial tech companies like to fund loans on their own while David Zalik sees it more prudent to get loans through traditional banks. After all, traditional banks will take on all of the default risks while sharing some of the profit with the financial tech company.

GreenSky Credit maintains relationships with over 12 different banks. The company makes mountains of money being a loan middleman. Essentially, homeowners tap into the financial tech company’s app to secure home improvement loans. The financial tech company also gets some of the profit from the contractors that perform the home improvements.

Profiting Without Ownership

Herein lies the brilliance of GreenSky Credit. They don’t own an ounce of inventory. They don’t have tools, workers or trucks like contractors. They don’t own the loan which can default. They essentially profit billions of dollars by offering incredible convenience to both the bank and the homeowner. You can read more about this amazing company on Forbes, the Wall Street Journal and Wikipedia.

 

https://www.crunchbase.com/organization/greensky

business, Technology Company

Bob Reina: This Is The Way To Do It

Today’s world is ultra competitive and ultra tough. It is not built for just anyone out there that is for sure. It takes a special type of person to succeed in the world today. It is not for just anyone. After all, if anyone could do it, it would not be special. However, what separates the good from the great is the fact that the people that are great are willing to put in the extra time. Is someone going to do the bare minimum or they are going to put in more? There is always more to do and more to give, but you need to be willing to sacrifice some things in life.

 

Too often, people get a head of steam and they feel like they can take on the world. They feel like they are unstoppable and there is not a single thing that can get in their way. They have a goal in mind: they are going to lose that weight, get that job, and they are going to be a better person. They truly believe it, and they keep telling themselves they are going to go out and achieve it. This time, it will be different they say. However, if they have a bad day or things don’t go as they planned, they decide to give up and let someone else do it. They feel like it was a lot harder than they thought it was going to be and it is just not for them.

 

That is why Bob Reina is trying to encourage people to give their best all of the time. He believes in people and he knows what they are capable of as human beings. They just need to believe it themselves. They need to believe they can achieve anything and there is not a single thing out of reach for them. If they want it, they can get it.

 

At the end of the day, when it’s all said and done, a lot of people are the same and they have similar visions for themselves. However, the person that gets ahead is the person that keeps working and keeps pushing him or herself, even though they are exhausted and they feel like they can’t give anymore. They can give a little more and just by giving a little bit more, it pushes them over the top. Learn more: http://www.huffingtonpost.com/author/bobreinatalkfusion-704