David Zalik came to the United States at age 3. His family had migrated from Israel in order to follow his father’s job. When Zalik entered school, his teachers quickly discovered that they were dealing with a truly exceptional student. Zalik proved to be a child prodigy, blazing through elementary and middle school and skipping grade after grade along the way. By the time he was 12, he had sufficient credits to graduate from high school. He was invited to attend Auburn University later that year.
An entrepreneur is born
Zalik enjoyed his first year of university studies. But by the middle of his second year, he was growing bored with the stifling academic environment. At the age of just 14, Zalik dropped out of college in order to found his first company, computer manufacturer MicroTech.
He worked hard at the business. And eventually, nine years later, he was able to sell the company for $5 million. Zalik then took that money and plowed it into Atlanta-area commercial real estate where he was again able to enjoy a high degree of success. Within just a few years, he had driven his net worth up to $12 million through astute real estate investments.
In the meantime, Zalik founded a number of tech startups. One of those would come to be called GreenSky, a financial technology company that matches lenders with borrowers on an instant basis to allow big-ticket purchases of retail goods and services. It would be with GreenSky Credit where Zalik would finally hit the true bigtime.
GreenSky was founded in 2006. Zalik had put up his entire real estate empire as collateral against a loan in order to launch the company. At the time, it looked like a risky proposition. But Zalik knew exactly what he was doing.
Today, GreenSky is worth an estimated $5 billion. The company is doing billions of dollars each year in new loans and is considering an IPO, which some analysts have stated may be the most valuable of its kind in the history of the fintech space. Under Zalik’s continued leadership, GreenSky has a bright future.
Freedom Checks are a little known secret in the world of business. To put it simply, they are just payments that are paid out to all shareholders in any publicly-traded company. Many people are under the mistaken impression that these Freedom Checks are issued by the government, but that is not the case. Some people are under the impression that they may be based on shady or illegal tricks. This is also not the case. Rather, it is just a simple system of investment that requires personal sacrifice and discipline, but has the potential to literally make you rich. Read more at Agora News about Freedom Checks.
Matt Badiali is the name that comes up the most when looking for an authority on this process. He has spent years teaching people about freedom checks and how to take full advantage of them.
It works by taking advantage of a unique situation. In 1981, congress passed a law that allowed for the establishment of “Master Unlimited Partnerships”, or MLP’s for short. These are simply business partnerships that can also be traded publicly like a full-fledged company. These commodities have become widely traded, but there is one important difference between these companies and others. The rules for MLP’s state that all the underlying assets must be distributed among its investors. For a long time, however, these partnerships/companies were subject to little or no regulation.
This led to a problem with some people using it as a tax loophole, but in recent years most of these loopholes have been closed with additional legislation. As a result of this, congress passed what is now known as Statute 26-F in 1987. Read this article at metropolismag.com.
Under this statute, MLP’s are allowed to operate tax-free, which is huge plus. But there is a catch….two of them, in fact. One of them is that at least 90% of the company’s revenue must come from the processing, production, transportation and/or storage of gas or oil from within the United States. The other rule, as mentioned earlier, is that 90 percent of the company’s money must be distributed amongst its investors. These investor payments are the famous “freedom checks”.
According to Mr. Badiali, this method is as simple as buying any amount of stock in an MLP. There is, of course, a degree of skill involved in choosing the right MLP’s to invest in. Quite honestly, I find the prospect quite interesting, and I recommend checking into it.