Equity Financing Your Character
01/02/23 • 37 min
Become a Global Ambassador for Self-Worth. Text us your feedback!
Alrighty folks, welcome back to Season 4, Episode 1 of Transacting Value Podcast!
Porter’s guest today is Kyle Horsley, who has worked in the finance industry for 10 years. Listeners will get a primer on student loans, debt, interest rates, and compounding interest. Unfortunately, this is not a topic that is taught in middle and high schools, and too many students take out student loans for higher education without knowing what they are getting into.
And, unfortunately, the banking system isn’t what it used to be. There was a time when a person could apply for a loan based on their grades, character, references, business plan, and reputation. Those days are gone. Today a bank is more likely to loan an 18-year-old $100,000 in student loans for a degree in general psychology than to loan that same 18-year-old $10,000 to start a business. The banking industry, with all its regulations and bad actors, is just a different beast today.
Gone are the days of character-based loans and handshake deals. There is simply too much litigation and regulation, Horsley says. There is precious little room for creativity or outside-the-box thinking.
That said, the banking industry is still a place where Kyle can practice integrity. Debt makes banks money, and lenders are often too eager to issue credit when it wouldn’t be in the best interest of the client. Kyle reminds listeners that taking out a loan is borrowing from your future self. Sometimes this can make sense, but certainly not always. He speaks up when he can’t recommend a loan, even though, as a lender, it would benefit him.
Finally, Kyle reminds listeners that time is the most precious commodity. No one can create more of it. We’ve got to spend what time we have wisely.
Quotes from today’s episode
“The most valuable commodity on the planet is time because it’s the only thing they can’t make more of.”
“Once time is spent, it is gone.”
“When I take out a student loan...I’m borrowing that money from my future self.”
Sponsors and Resources mentioned in today’s episode:
(3:45) Developing Character segment
(7:15) Keystone Farmers Market
(16:07) Buzzsprout affiliate link
(26:06) Hoof and Clucker Farm
Looking for more perspective, empowerment, and self-worth?
For a chance to hear your question answered on the air, remember to Subscribe and Leave a Voice Message at TransactingValuePodcast.com!
We'll meet you there.
Become a Global Ambassador for Self-Worth. Text us your feedback!
Alrighty folks, welcome back to Season 4, Episode 1 of Transacting Value Podcast!
Porter’s guest today is Kyle Horsley, who has worked in the finance industry for 10 years. Listeners will get a primer on student loans, debt, interest rates, and compounding interest. Unfortunately, this is not a topic that is taught in middle and high schools, and too many students take out student loans for higher education without knowing what they are getting into.
And, unfortunately, the banking system isn’t what it used to be. There was a time when a person could apply for a loan based on their grades, character, references, business plan, and reputation. Those days are gone. Today a bank is more likely to loan an 18-year-old $100,000 in student loans for a degree in general psychology than to loan that same 18-year-old $10,000 to start a business. The banking industry, with all its regulations and bad actors, is just a different beast today.
Gone are the days of character-based loans and handshake deals. There is simply too much litigation and regulation, Horsley says. There is precious little room for creativity or outside-the-box thinking.
That said, the banking industry is still a place where Kyle can practice integrity. Debt makes banks money, and lenders are often too eager to issue credit when it wouldn’t be in the best interest of the client. Kyle reminds listeners that taking out a loan is borrowing from your future self. Sometimes this can make sense, but certainly not always. He speaks up when he can’t recommend a loan, even though, as a lender, it would benefit him.
Finally, Kyle reminds listeners that time is the most precious commodity. No one can create more of it. We’ve got to spend what time we have wisely.
Quotes from today’s episode
“The most valuable commodity on the planet is time because it’s the only thing they can’t make more of.”
“Once time is spent, it is gone.”
“When I take out a student loan...I’m borrowing that money from my future self.”
Sponsors and Resources mentioned in today’s episode:
(3:45) Developing Character segment
(7:15) Keystone Farmers Market
(16:07) Buzzsprout affiliate link
(26:06) Hoof and Clucker Farm
Looking for more perspective, empowerment, and self-worth?
For a chance to hear your question answered on the air, remember to Subscribe and Leave a Voice Message at TransactingValuePodcast.com!
We'll meet you there.
Previous Episode
Aligning Work and Wealth with Family
Become a Global Ambassador for Self-Worth. Text us your feedback!
Alrighty folks, welcome back to Season 3, Episode 27 of Transacting Value Podcast!
Porter’s guest today is Bunny Young. She is a multi-business owner, a coach, the founder of A Better Place Consulting, the author of Paw Prints on My Heart, and a mom. As a teenager, she was diagnosed with a heart condition, and at the time, she was able to walk out of the doctor’s office with a smile on her face. She was told that she was fragile and would have to be careful, yet she knew she wanted to live her life to the fullest and make a difference.
Thanks to her service dog, she has done just that. She has been a stunt woman in China, worked at an orphanage in Ecuador, owns five companies, and prioritizes her family.
Perhaps because of her illness, Bunny has lived an incredibly full life, and she's helping others do the same. She and Porter discuss the following:
- How to build a strong sense of self through self-awareness
- Feelings and emotions as messengers
- Why we repeat patterns and how to break them
- Why the stories we tell ourselves matter
- Why anxiety is confused energy and how to direct that energy into
- something productive
- How to motivate kids
Quotes from today’s episode
“The people who focus on what they don’t have and what they need don’t receive as much as the people who are grateful for what they have.”
“An attitude of gratitude is what brings abundance.”
“You’ve been given the gift of another day. What are you going to do with it?”
“You are the only you on the face of this planet.”
“The only time I feel a sense of burnout is when I’m not aligning fully with myself and I’m trying to be all of these different people for all of these different situations.”
“If you can bring more awareness to what you are grateful for in your life, you’ll automatically start to bring more abundance into your life.”
“There is no time that you’ve lost. You are exactly where you’re supposed to be.”
Sponsors and Resources mentioned in today’s episode:
(9:02) Transacting Value Podcast
(18:32) The Bee and the Bear Creations
(27:36) Keystone Farmers Market
(35:06) Buzzsprout affiliate link
(44:49) A Better Place Consulting
(46:00) Developing Character
segment
Connect with Bunny on Instagram
Looking for more perspective, empowerment, and self-worth?
For a chance to hear your question answered on the air, remember to Subscribe and Leave a Voice Message at TransactingValuePodcast.com!
We'll meet you there.
Next Episode
The Value of a Musical Outlet and Ancient Sins
Become a Global Ambassador for Self-Worth. Text us your feedback!
Alrighty folks, welcome back to Season 4, Episode 2 of Transacting Value Podcast!
Honesty starts from within. You can't be honest with others unless you are honest with yourself. The value you place on yourself and your character influences others perception of you. It is human nature to draw towards positive people and deter from those with negative attitudes. If you value building relationships through music, then this episode is for you.
Today we're discussing the inherent but underrated January core values of Determination, Accountability, and Self-Respect as strategies for character discipline and relative success, with lead singer and guitarist of Ancient Sins, Wes Grissom. We cover different aspects of constructive, critical, and honest feedback between you and yourself, or other people. If you are new to the podcast, welcome! If you're a continuing listener, welcome back! Thanks for hanging out with us and enjoying the conversation because values still hold value.Special thanks to Hoof and Clucker Farm and Keystone Farmer's Market for your support. To all of Wes' faults, mistakes, and issues of varying scales and scopes, in addition to his positive outcomes and level of inspiration to this conversation, and to Wes Grissom for your insight!
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Hoof and Clucker Farm ad (12:04) Facebook I Instagram
Keystone Farmers Market: Facebook I www.keystonefarmersmarket.com (12:56)
Wes Grissom: Twitter
Ancient Sins: ReverbNation I Youtube I Facebook I DizzyJam I Apple Music
S2E14 Stress, Metal, and Ancient Sins
Buzzsprout distribution ad (20:10)
Click affiliate link for special Buzzsprout offer.
Other:
Developing Character segment (5:37)
Looking for more perspective, empowerment, and self-worth?
For a chance to hear your question answered on the air, remember to Subscribe and Leave a Voice Message at TransactingValuePodcast.com!
We'll meet you there.
Transacting Value Podcast - Equity Financing Your Character
Transcript
The most valuable commodity on the planet is time because it's the only thing that they can't make more of.
I can build more houses I can mine more gold. I can find more diamonds. I can get more currency shit. I can invent new currencies and call that valuable -- Mhmm.
-- and I can't get more caught. And once that kind of cent is gone. Alrighty folks welcome back to transacting value where we're encouraging dialogue from different perspectives to unite over shared values.
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