finance, google hangout, podcasts

Equipment leasing – things you always wanted to know

Have you ever wondered about what is involved in leasing (or financing) equipment?  I chatted with Danilo (Dan) Terra of Leasex Financial this morning and we covered lots of ground.  Dan is quite optimistic about the current economy here in Alberta and is excited to see the growth that is happening with his clients.  Having been an ex-banker Dan has been able to become a specialist in equipment leasing and financing and he shares his opinions, thoughts and advice on our Google Hangout.

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finance, google hangout, podcasts

Is your balance sheet a junk drawer or garage?

I chatted this morning with Calgary based consultant and CA, Brad Celmainis about small business finance.  Brad is an accountant with a great personality who thrives on helping small businesses.  In addition to being somewhat of an Instagram celebrity (click here for his account) Brad specializes as a contract CFO and/or controller.  We chatted about some basic finance topics that every small business owner should consider including why a balance sheet is so important to review on a regular basis and clean-up as necessary.  Brad drew a comparison based on his experience that many business owners treat a balance sheet like a junk drawer or a garage – lots of items in there but no one really knows what they are.

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Business Loans, Dylan Gallagher, google hangout, podcasts

Fringe bankers. A new term I may use again (and again)

decologo

Matt Horne, Founder and CEO of DECO Windshields chatted with me yesterday in a Google Hangout about all things business finance.  Matt has built a company that generates over $5,000,000 in revenue and had lots to say about money, business and the learning curve that he has had to go on to keep the doors open while dealing with massive growth.  He used a term – “fringe bankers” – to refer to capital groups in the market that have been able to help DECO with their cash needs.  I like the term and think I will be adding it to my vocabulary.

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Dylan Gallagher, google hangout, podcasts

A chat with a private lender

cobra mortgage

I had a great time chatting with Brad Lundgren of cobra Mortgage Services Ltd. (click here for their website).  We discussed what private lending is with a particular focus on commercial transactions including hotels and motels.  Yes you have read this correctly – hotels and motels.  Brad also talked about why private lenders are important and his opinion on where conventional banks are now (think “under capitalized”).

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Dylan Gallagher, google hangout, podcasts

He figured out how to calculate your credit score (thanks Richard!)

book_averagejoe

Yesterday Richard Moxley and I chatted in a Google Hangout about his book, personal credit and things people should know about the “credit game”.  Some of the points that Richard covered included: joint credit, death and divorce, how to check your credit free as well as some simple things to know that could really improve your credit score.  And by the way, he reverse engineered the credit scoring system to figure out how credit scores are calculated (he loves credit).

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Dylan Gallagher, google hangout, podcasts

The cheese is always moving (thanks Bob!)

cheese

It was great to chat with Bob Dubask today from HomEquity Bank and learn more about reverse mortgages.  Clearly an underutilized but very necessary option for individuals who are aged 55 and older that need funds for a variety of reasons including paying out debt, purchasing a new home, paying for medical expenses, etc.  We chatted about what it means to borrow money and not pay for it monthly, what some of the common misconceptions surrounding reverse mortgages are and some success stories of how people have used reverse mortgages to do more.

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