4 Burst results for "Nick Library"
"nick library" Discussed on AM 1590 WCGO
"First guest. Nick Library with exit strategy Roti right here in Chicago. This is heart and home. Another awesome guest. Hey. Hi. Hello. Hey, how you guys doing today? We are doing fantastic. Looking forward to spring It will be here in what? Like under 50 days. Please, Lord, I'm ready for it. But you're gonna be talking today about inventory and interest rates. So what have you got? Well, you know, it's interesting with going on right now in the market. We have a lot of people questioning what specifically happening With the interest rate. We're going to talk about that a little bit. What's happening with inventory and then in general, also distressed properties. So I'm gonna whip out my crystal ball, which is not always accurate, But I've got a lot of statistics that I've been reading and some research talking to some experts. We just dropped a new video on my YouTube channel, talking with some really heavy hitters in the foreclosure and distress, property markets and attorneys that handled them for the banks and asset managers. So we got a lot of information they're gonna want to parse through. Think from T highlight. There are in general, two opportunities and real estate. The first one is big price drops in the market, you know, in 2009 10 11 of the terrible time for a lot of people. There were people that kid took advantage of that market and bought property. Whether it was for themselves the first time home buyer or it was a investor that had saved their money during the market roll up of 56 2007 when appreciation was so heavy When the big price drops happen in the market. Obviously, I think a lot of people know that is the time that you could get a great deal on the property and get some significant appreciation later, but by those sell high philosophy So lately, people have been asking me well, I see. Prices have actually gone up in the last year and a lot of areas inventories low. Is this a bubble? And so we'll talk about that. But I wanted to remind people that the other the second Great opportunity real estate Is extremely low interest rate because if you get a property at a reasonable price, maybe not the lowest price possible, But you have a record low interest rate. You know, these interest rates that are below 3%. We've never seen that before in the market. We most likely for most of the experts I hear from will never see that again in the market because it is simply the banks are not making any money. Basically off of these loans are making very, very little. And obviously the banks want to make money. That mortgage is our business. For pretty much everyone involved lending the money. So if you're concerned about you know, the prices are not the lowest they've ever been. By any means. You've got also realized, though you're carrying cost your mortgage cause that interest that you pay you ever looked at those amateur ization tables on mortgages over that 30 year mortgages like Oh, my gosh that paid so much money. With this property over time. That is the other number. You've got to realize that. Yes, it back. Absolutely about your acquisition costs your purchase price, but it's also about you're carrying costs. Of that mortgage over time for all of us that are not being cast properties, which is the vast majority of us. So keep that in mind when you're watching these prices, But we really right now we know one thing. We know the interest rates are lower is they have ever been? He's a record lows in the probably not going to stay this way forever, and we don't anticipate. Although no one has a truly accurate crystal ball, we don't interest me. Anything like the market crash of 2009 10 11. Those price drops were based on some other things, and I want to remind you what those were. Those were a time when Lenders weren't lending the banks stop lending. If you remember that dip their difficult period, a lot of mortgage lenders just stopped lending money altogether. The banks weren't lending money on a lot of loans. Lot of lone types disappeared. And also the economy was in freefall, not just the real estate, but in general. So you look at right now Members are lending. There's actually a new loan products coming out..
"nick library" Discussed on Bloomberg Radio New York
"As you mentioned crude oil moving higher today on that freeze got to begin with natural gas surging 7.4% right now, 3 12 per million be to use West Texas intermediate crude rising above $60 a barrel for the first time in a year. $60.16 right now on W II of 1.2% Brantas had 63 43 off today by 2/10 of 1%. Stocks are advancing Registering records is optimism over the economic recovery continues to ripple through markets worldwide. 43 minutes to go out of the closing bell s and P up by two points. Now by less than 1/10 of 1%, the Dow all sort of record up 88 now up 3/10 of 1%. NASDAQ is down 36 a drop their of 3/10 of 1%. 10 year Yield. Now 1.29% Gold down 1.3% 17 95 counts again recapping stocks higher barely s and P up less than half a point. I'm Charlie Pellet that it's a Bloomberg, Mrs Flash. All right, Charlie. Thank you so much. You're listening to Bloomberg Business Week and the Bluebird Business Week. Small business Survival guide Tim. It's been checking in with and tracking small business owners around the country since the pandemic and economic shutdown began. It's hard to believe almost a year ago. I can not believe it. But, yeah, march, right exactly. So in this week's segment, we're gonna get an update. Ah, little bit don kind of what's changed and to see if Some of the small business owners out there are hopeful, hesitant or maybe both in this year of 2021. Let's bring in Bloomberg News editor Dmitri Kesten Edie, she is the kingpin behind it all, and she's on the phone in New York City. Dimitra. Good to have you here and I have to say it's been Funded check in with you over the last year about the small business owners what they're going through, really talked to. You know what they have been facing, So tell us a bit about this story out by Nick Leiber. Thanks. Hi, Carol. Yeah, It's been good checking into sometimes, uh, really tough to consider what they're all going through. And what we have now is, you know, picking up with our coverage of the past year. Ah, look at where some of the folks that we've written about in the past year are right now and what they're looking ahead to, because As you just noted, it is just coming up on a year. If you're still around of the small business, you know, it's still a very mixed bag. It's very much you know, uh some some greater degree of optimism, but also many challenges. Remain. And, uh, you know, when you consider that and you consider the past year for many of these owners emotionally and otherwise, it's really been very, very challenging, and Finding the reserves that they need to keep going to keep pushing ahead, looking for the sources of funding, figuring out how to adjust the business. How tow pivot something discontinuing something one month continuing it the next You know, I think it's just been a really tough here and the hope was that would be much better right now. There is much more optimism. I think I think the story that we have that Nick can speak to about Molly. Nights will speak to that. But also again, you know, frames it as something where the optimism is certainly greater than a year ago, But the challenges remain. Yeah. Let's go ahead and bring in Nick Library contributor to Bloomberg Business Week joins us right now on the phone from Brooklyn. Nick. Um, What did you learn from the way that Molly Moon has been able to, Uh, go get through this pandemic that has been almost a year. Thank you so much. I think they're really three takeaways. Molly. Um, I had a good existing relationship with the community bank. She was relentless and her team were relentless and calling the SPK They're They're also aggressive, sort of fact finding and advocating. Um, to figure out which government programs that could take advantage of to try to keep themselves in business. When everything sort of shut down. Molly has been looking at. He looks at her numbers a lot. And she recognized way back in February 2020 that things were weird. Things were off. Things were down and she activated So I think that sort of Aggressive stance was very helpful to her and then calling, calling her back getting her back on the phone to see Hey, how are things doing now? She was much much better shape than she had been when. When we talked to her last year, they make the paycheck protection program. I think there's we've had a lot of conversations with you with Dimitra with others, you know, just concerned about small businesses just getting lost. Made the pandemic for her, though the paper the P P p program it it worked. It was. It didn't work that well. The first the first go around was it was really hard for her to figure out there was a big lines are long waits a city trying to get people on the phone, but the second time Because she had done it before because her bank Had done it before. It was much smoother, and that program is available to all or talk to meet its criteria until March, 31st If we could go back in time, Dimitra and Create policies for the small business owners that would have gotten Maura small business owners through at least two where we are now based on the reporting from our colleagues of Bloomberg Business Week like What more could we have done? What more could the U. S government have done in order to help out these small businesses? Sure, I mean, well, I mean, I think there's a range of stuff that possibly could have been done. But there's so much debate around that also, um, I think you know the amount of the support that was being given the conditions on which may be that it was being applied. Tpp in many ways was held up to a lot of criticism because of the fact that you know there were all these conditions with employment in keeping people employed. You know something where there weren't as many strings attached, maybe straight out grants. Finding grants easier Grants. You know, those those kinds of programs would have been would have been easier wouldn't have raised as many questions because, in addition to the anxiety about the economic situation that they found themselves in sure, there were programs announced. But as Nick's just said, you had to invest a lot of time and effort and figuring out those programs. Then you have to figure out the conditions for making sure that maybe you would get your loan. Um, you know, I'm sorry. The words air sketching me now. The, uh you could get rid of the loan and have it just be a grant that you met the conditions. There was so much attached to the way that the support came through and paperwork and conditions and regulations and all eight took complicated things at a time when in addition to everything else Yeah. You have to do everything else, right? You have to keep the lights on. You have to pay the bill. You haven't paid the rent alleged deal with your employees. You have to deal with your own family. Maybe another family member was out of work. And then it's like, hey, and now we're gonna add all this paperwork and all these headaches make it simpler. Make it easier. Don't make it alone. Don't make that condition of keeping people employed. Find a way to give him the money that they need out right right and just brings us to part of it. No, I think that's a really important part. And I also thought there was an interesting Segment your story, Nick, where you know the reminder of the health care costs and paying premiums for small business how problematic it is, and the one small business owner Molly you know talking about. We need Medicare for all who wanted and how insurance premiums hamper innovation for small businesses..
"nick library" Discussed on AM 1590 WCGO
"Of a calming presence, but also still highly motivational. If you are struggling with procrastination and again this year when we're all working from home, and there's so many extra disturbances out there I can't think of a better read than eat that frog by Brian Tracy. Eat that frog How to really restructure your life in terms of getting things done if you are just always professionally behind a procrastinating Have been a procrastinator of many times in my life. Eat that broad by Brian Tracy helped me create sub steps to stop that procrastination to get things done. Restructure the way we think about it to do list and a plan of attack to move ahead in our lives. One new book can be banal. The CEO of Exit Royalty International sent this book to me, and I was so happy that she did. It's called Super Connector by Scott Verba as we look ahead to 2021, hopefully where out of this state that we're in where we can't really network the way we are used to. I want you to think about coming out of this Kobe crisis in a new direction in actually impacting people in a new way, Not just going back to networking like you always did. Truly being a super connector and so super connected by Scott Gerber gives you the tools and the resource is to operate at a higher frequency than just networking. It's not just about meeting new people and adding to your data made. It's truly about building business relationships that matter. All about creating value for the relationships around you super connected by stagger over. I'm not even halfway through it, and I just can't put the book down. That's fantastic. Classic real estate book is the road map to a profitable $30 million real estate. That's a mouthful, some to say it again. The road map to a profitable $30 million real estate business. It's by two people read a Casey is one of the authors. She has coached me in real estate. Absolutely probably. If you're in real estate sales, the most important book you'll ever read. There's a couple other ones you may know about their This is the one though that is truly the most fresh. There's a second edition that's out now. It absolutely games, danger from my real estate business and again the way that I treat people around me the relationships, but I build the road map to a possible $30 million real estate business. It's a mouthful, but it's also an incredible read. Two more books Raving fans by Ken Blanchard in the classic. I've read it twice with my book club. It's the office that is again going back to. We're going to need to be building these relationships. And if you want to start building them before the end of covert when you're at your house, and you can't necessarily network the way you used to meeting people in person. Raving fans is a great thing to think about gifting programs and Sending things to people in the mail and building relationships, maybe even online. But how to create people that really want to help your business grow? Because if you do that, if you create Raving fans around you. It's a heck of a lot easier to actually overall, build a sustainable business by referral. And the last one. This is one that I think if you are a homeowner or wanting to be a homeowner or an investor, or maybe a investor to be, I can't think of a better book than the automatic millionaire Homeowner by David Bach, the automatic millionaire homeowner, even if your realtor and you might say, Well, you know, I'm already in real estate. I don't need to read that when I read that book and actually re ignited my passion for what I do. It was a book that teaches homeowners how to build wealth by holding on the property versus necessarily selling it when they outgrow it. Now you is a realtor might say, Oh, my gosh, I don't want to give them that. That's gonna tell them not to use me as their realtor for their you know, selling of a property. They're gonna want to just keep the property but I have to tell you, this is really what you're supposed to be doing is creating long term wealth and helping people build a legacy. And the automatic millionaire homeowner is just absolutely incredible for reigniting your passion if your realtor or if you have clients that maybe they bought a home through you, but they've only bought one. It's a way to ignite their passion for creating a legacy. So those are my top 10. You guys may have some wonderful books as well. But it's a good big list. It's less than one book a month. I know people that are reading a book a week right now, in the current situation we're in, But I'm not asking you to do that. I think a book every 4 to 6 weeks is achievable. I'm doing an online do book club with my office. So don't think that because we're necessary in some municipalities, and Harry is gonna be You know, restricted to what we can do in person. A zoom book club is fun. You could do stuff on Facebook all these different groups that online until we can meet again in person, but some really great books up there this year. Someone talked about before him someday. Always a great time talking to you, Nick and getting inspired and fired up for a successful New year and those who are awesome. Great books to get started with. Tell our listeners how they can follow you on social media, My friend. I'm on the same handle everywhere on social media, and I loved interactions. People. They're my user name is at Nick Library that n I. C K. Now, I be isn't boy e r. T J T comparisons. Reality.
"nick library" Discussed on AM 1590 WCGO
"M Leanne, a 40 something couple that managed to live together. Work together, raise kids and her kids together and not kill each other. You're drinking? Yeah, I've been drinking their fellow Ted, and they're full of chat. Ladies and gentlemen, here are your hosts JT Ed Leanne. Welcome to be married with microphones. Radio show. We are so glad you're tuned in for the first weekend of 2021. Yeah. Later this hour. We're going to share with you. Our proposal story about our daughter. Yeah, she got proposed to over Christmas break. Yes, And I guess she said yes. So it's so we'll be planning a September 2021 wedding and we talked to our listeners recently about their proposal stories. We're going to share those with you in just a little bit. Plus, my dad will be joining us from ST Louis to talk about Wide world of sports and some of the craziness that covert 19 has caused. As we wrap up one year and head into another took forever to get here. But once it got here, now it is on. And if you were looking for a new book list, we're gonna be chatting with Nick Library from Exit Strategy Realty about some of the books he suggests you read in 2021 R life coach Boo Archer will also be joining us on the show. Help you prepare mentally to be your absolute best in the new year, but let's get started with our first guest. Heart and home Presented by Exit Realty. Hey, Nick. Hello, guys. How are you doing today? We are doing fantastic, and it's always so important to try and improve yourself and keep your brain active and self help books and motivational books are always a great way to do that, and everybody should be reading at least one or two. So I hear you're going to be talking about some great books for 2021. I am And I'm an avid reader. I got that from my mom and my grandpa and I want to share with you some books that have meant a lot to me. And to some of the agent that I coached some of the Friends n V. I, P s that I worked with. You know, I love top 10 lists. I do have a top 10 list of books for 2021. When I start with one that again was just a huge impact on my life and on the life of a lot of people around me, actually. And that is the miracle morning by how l rod. The miracle Morning is a book that really teaches you what the disciplines are to impact your life in a positive way, way. All only have 24 hours in the day. Why is it that some people get up and start their day with such a incredible impact, and they seemed to get more out of that 24 hours. Or the you know, 16 hours so that we're supposed to be awake. And so the miracle Morning has been a huge impact on me because it really got me out of being a sleep too late. Um, not having a morning routine. Starting off the day with affirmations with visualizing what you're gonna do what your impact is going to be on the world, de stressing exercising. Get up at a time where people can't disturb you where it's truly your time of the day because it's so hard to carve time out for yourself and start the day with a positive impact. That's that's the one I'd recommend you read first, the next one and again you can read these in any one. But the next woman has had a big big impact on a lot of us has been. It's a classic rich dad. Poor dad, By Robert Kiyosaki. Especially at a time like right now where we're all looking at our finances. Rich Dad. Poor dad was a big shift for me where it was showing me that working for the people necessary for a time but truly becoming your own business owner. Becoming financially independent requires a shift in mindset and then also a shift in the way you operate. And the way you think about your life so rich Dad, Poor Dad. Big Big Money book for May. As far as my business owner friends out there and in our audience, The myth revisited by Michael Gerber. It's not when I talk about it much, but it really is when I should the email. Three visit is all about systems, putting things into place so that you run your business or your life. The system. It's too often that we go out and he's gonna have hazard They do our day and run our business and we don't think about systematized things so that you are going to be able to be truly in a better position to Grow your business to do more of the things that we talked about it Ridge step for that another book, so the team it's revisited by Michael Gerber. Another big impact on me all about systems As far as motivation. I cannot think of a better book than be obsessed or B average by Grant Cardone. Greg Cardona's an incredible motivational speaker. If you are struggling to get yourself motivated if you are Really kind of trying to find your place in the world or getting re motivated if you had all the energy out there and maybe 2020 stab two of your energy, I feel you on that be obsessive B average in the book that we read about two years ago at our office, and I just saw a tremendous increase in the motivation level and the operating frequency that people are operating at. After they read that book, so be obsessed with the average by Grant Cardone. That is a wonderful what the compound effect by there and Hardy. I think a lot of us do when we are out there in the real world Every day we say Okay, well, a tiny shift in my diet. Is it gonna change much, and I'm looking for this dramatic shift to lose weight or whatever your goal is to make more money. You think that maybe one or two extra calls a day isn't going to shift your business. But it's really teaching you in the compound effect that little tiny shifts are so much easier to do a little small changes in the way that you operate your day to day life will have a compound effect over time. So it takes a lot of the bigger thing in, for example, be obsessed with the average of the Mets revisited. Compound effect tapes that and it really says you don't have to do everything in a day. You know, the world wasn't built in a day. We are not changing our lives in one day, so it's actually almost a calming book. To read. So if you're feeling stressed out by your overall business plan, or your overall wanting to change your life, that compound effect by Darren Hardy is again kind.