Dave Ramsey likens becoming wealthy to making great barbecue. “You have to cook it for a long time,” he says. “There’s no such thing as quick, good microwave barbecue.” Ramsey should know. By age 26 he had a $4 million real estate portfolio, but lost it all by age 30. So he decided to change his financial strategies, after going on a “quest to find out what older rich people are doing to win — what financial principles they have.”
“Don’t pull the covers over your head,” Kurt Kofford told business owners during a Recession Readiness Assessment seminar at BiggsKofford PC. Being realistic about what’s happening in the current marketplace is an important element of business preparedness. “For some business owners, it will be a matter of surviving,” Kofford said. “But for others it will be about thriving.”
Although he expected a “sluggish and mild environment” during the beginning of the year, Keith Hembre, chief economist and chief investment strategist for FAF Advisors, said that the economy was instead moderate, with stable unemployment and robust corporate earnings. But that’s not all that happened in the economy, he told the audience at U.S. Bank’s economic update breakfast at The Antlers Hilton.
Rising interest rates might mean it’s time to consider refinancing — at least certain loans. “If you have an interest rate on a piece of equipment or building for your company, it’s a good time to check when your loan matures,” said Jason Doyle, president of UMB Bank in Colorado Springs. “If it’s next year […]
My fears — that all the espresso in the city would not suffice to keep me awake during an early morning international business seminar — were entirely unfounded. Roy Becker’s presentation to a group for the Office of International Affairs at the Pikes Peak Workforce Center was witty, memorable and useful.
An increase in commercial lending is a result of the area’s healthy economy. However, rising interest rates may slow businesses’ borrowing. “We have had a good, long sustained run of about eight or nine years that’s historically one of the longest economic cycles we’ve seen,” said Ralph Miller, the vice president of commercial loans at 5 […]
There is a single mortgage lending document that comes with 1,000 pages of instructions banks are required to follow. “Banks are the most heavily regulated industry in the nation,” said Amanda Averch, director of communication for The Colorado Bankers Association. “[The association] is aware that the cost of compliance has become a much heavier burden […]