What’s Working?-Cash Flow Friday

Terry Paulson is one of my favorite speakers of all times. He is a speaker on Change and he is great about asking people: What’s Working? If you ever have a chance to hear him speak, do so. His site is: www.terrypaulson.com So, let’s focus on some of the things that are working. In 1998, Nicholas Schorsch was operating a cemetery, when the bank he did business with, CoreStates was bought by First Union. Because of the merger, 105 branch banks were set to close. Nicholas sensed an opportunity and started Asking questions. He went to his banker-(Network), build it before you need it, and bought all 105 branches for $22.3 million. He then leased the buildings back to the bank-Cash Flow!! In 2002 he expanded his Network and teamed up with a former Salomon Brothers trader, raised some dough, $378.9 Million-and started a REIT, Real Estate Investment Trust. The company is called American Financial Realty Trust, symbol, AFR.Don’t be put off by the numbers, but any investor will tell you it’s just as easy to ask for a $200,000 loan as a $22.3 million dollar loan. Look at Investor’s Business Daily on Monday’s-they show you the IBD 100. A great starting point for stocks and Industries that are working. Have a great week-end and Dream Big!!

2 Responses to “What’s Working?-Cash Flow Friday”

  1. Anonymous says:

    I have 1800 vested (401k)in my company. Next month I should have at least $2000-I need to borrow or take it out to pay off creditors and past due pymtns. i have such a hard time saving money and I hate my job.
    If I took it out what could I invest it in or buy to make me more money?
    KC in Denver

  2. Steve Mertz says:

    Hi KC-Your vested amount may allow you to take a loan. Does your company allow you to self direct your 401k-so you could look at other options? If at all possible Leave your money working for you. Have you had an opportunity to work with someone on a savings plan? Good Luck and hopefully you will find your passion for work!

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