How can you extend your credit today? Find out, listen to your #70secondCEO host Carl Gould. Carl is the creator of the 7 Stage Growth method, which has propelled over 75,000 companies worldwide. In this micro-podcast Gould shares actionable, practical tips to grow your business. You’re too busy to be reading this, start listening!
Read full transcript:
Hi everyone, Carl Gould here with your #70secondCEO just a little over one minute investment every day for a lifetime of result.
Business balance sheets have never been healthier and banks have never been healthier. But now look at what the FED has done the FED has reversed all the rate hikes, including one very recently and it is as cheap as ever to borrow money. Okay cheap as ever to borrow money.
We want to take full advantage of that and make sure that we’re borrowing the maximum that we can so there has been a stimulus package which has been great and we want to take full advantage of that.
No doubt about now first hack, first hack. Number one look at look to refinance your home. All right take advantage of the lower rates lock in at a lower rate. It’s going to feel like a tax cut because a couple hundred dollars. If not a couple thousand dollars a month is going to go down on your homeowners on your home loan.
Okay, then look at any lines of credit. See if you can extend them. Can you expand on them? Can you make them larger? You want to have as much buffer as possible. And look your clients we’ve been saying this we like to see six months worth of cash reserves or buying power to cover your operating expenses and you can weather a storm or take advantage of an opportunity.
Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.