Multinational Corporate Finance

I have been involved closely with both the real estate industry and small businesses for over 30 years. There are many lessons to be learned from these experiences, and I will be sharing some of them with you here. Wow, I love your lens! I really like the way you presented the necessity versus the luxury, esp those that only cost money! My hubby and I had gone through a time when we struggled to make ends meet, and at that time, we appreciated gift cards the most-even those that were only for a couple of meals at a special restaurant. While I know that special food only comes and goes, it helps for making celebrating special occasions less of a burden. 🙂 We also enjoyed getting nice, sturdy, rubber shoes for free from a donations box, but I guess shoes are difficult to give, unless you are close enough with the person to know his shoe size.

When making loans or buying securities such as those now referred to as toxic assets, there were many instances in which banks failed to look at cash flow. An underwriting process known as stated income in which commercial borrower tax returns were not required was used for some small business finance programs. Lehman Brothers was one of the most aggressive commercial lenders using this approach, and they also filed for bankruptcy due to this as well as other questionable financial practices.

never get too worried about money. Yes, it is money. Yes, it matters, but only to a degree. I’ve seen too many people destroy themselves (physically and mentally) over money. Do not let it happen to you. This may mean some advanced planning and might mean you do not have the fanciest car, or the largest TV. But who cares? Along these lines, the best definition of wealth I have ever heard is Wealth = monetary wealth / wants.