237: Money Answers: Setup Your Business Structure, Get Financing, Put Your Money to Work for You, Refinance Student Loans and Optimize Your Mortgage with Jordan Goodman

Jordan Goodman from MoneyAnswers.com has a number of financial solutions to not only setup your business structure correctly, but obtain business financing, optimize your mortgage, and more.

Quotes:                                                                                                                                   

“One word that is the key to success in life and business is leverage. And by leverage, I mean leveraging other people's expertise, finances, and contacts.” – Jordan Goodman

“The two greatest forces of personal finance and business finance are inertia and apathy. People don't do that, and they don't care.” – Jordan Goodman

“I wish people learned more of this stuff in school, but they don't. You can go through the finest university, and they don't give you anything about how to start a business.” – Jordan Goodman

Takeaways:

05:00 Choose the right business structure from the start to protect personal assets and make future selling easier.

16:06 Banks are tough on small business loans, so explore alternative financing options like peer-to-peer lending and specialized lending platforms.

21:21 Don't let money sit idle in low-interest bank accounts; seek out investment opportunities like commercial real estate income funds that offer better returns.

29:19 Student loan refinancing can dramatically reduce interest rates and help borrowers pay off debt faster.

30:54 Mortgage optimization techniques can help homeowners pay off their mortgage in 5-7 years instead of 30 years.

Resources

Podcast: Play in new window | Download (Duration: 34:07 — 31.2MB) | Embed

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Filed in: Archive 1: 2012-2016 • Interview • Podcast

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