Episode 61
Not all debts are created equal. There's good debt that can grow and scale your business and there's bad debt that can drive it to bankruptcy. David Kennedy of Parkside Financial joins us in this episode to tell us the risks and rewards of debts. If deployed correctly, debt can be a great investment for businesses. They just need to identify what assets they should have and the specific situation they need to be in before going to the bank and borrowing money.
Let’s listen to David and demystify debts!
[00:01 - 04:08] Opening Segment
- Let’s get to know David Kennedy
- His path as a commercial lender
- The services offered by Parkside Financials
[04:09 - 14:06] Risk and Reward of Commercial Lending
- Should a company have debt?
- David weighs in
- The risk and rewards of commercial lending
- David explains the 5 C’s of credit
[14:07 - 23:27] The Cushion You Need in Your Business
- Listen to David to know why their rates are attractive to borrowers
- The cushion that your business needs
- Want some Amazon refunds? Check out Getida
- Promo code: FTM400
[23:28- 34:45] The Bad Time For Debt
- Don’t miss this inspiring story from David
- What is Parkside Financial looking for in a client?
- The situation when debt is dangerous to use
[34:46 - 39:08] Closing Segment
- Get to know David more in the Fire Round!
- Connect with David! Links below
- Final words
Tweetable Quotes:
“Debt can be dangerous when not deployed correctly.” - David Kennedy
At the end of the day, it’s not balance sheets that pay you back. It’s people that pay you back” - David Kennedy
Resources Mentioned:
- Dave Ramsey
- Book: Shoe Dog
- Book: Ender's Game
Email DKennedy@pfbt.com to reach out to David and check out their website to know how you can leverage debts for your business.
------------------------------------------------------------------------------------------
Email us --> support@firingtheman.
Ready to scale your Amazon business? Click here to book a strategy call. https://calendly.com/firingtheman/amazon
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com