Dennis Shields is the founder\xa0of YieldStreet, Esquire Bank, and LawCash.
Dennis is also an author, Broadway\xa0producer, actor and has appeared on the hit TV show Real House of New York #RHONY
We also talk about Bethenny Frankel, Michael Cohen, living in Trump Tower and meeting President Trump.
Dennis Shields is the Founder of Esquire Bank, LawCash, and YieldStreet where\xa0Ron Suber\xa0is an Advisory Board member.\xa0 In addition to business, we talk about other topics like his appearance on the hit reality TV show the Real Housewives of New York (RHONY).\xa0 We also talk about\xa0Bethenny Frankel\xa0 and\xa0how much he respects her, only nice things to say about Michael Cohen,\xa0living in Trump Tower\xa0and meeting President Trump.
LawCash\xa0was started in 2000.\xa0 LawCash is a leading provider of pre-settlement funding and litigation financing for plaintiffs and offering assistance when you need it most.
He was previously the chairman and founder of HealthShield until its sale in 1999.
Esquire Bank\xa0is a commercial bank serving professional service firms, law professionals, small to mid-sized businesses, and individuals.
Dennis is the founder and chairman of Yield Street one of the largest crowdfunding companies in alternative assets in the United States.\xa0 \xa0YieldStreet\xa0is a platform designed to provide easy access to institutional quality investments.\xa0 Investors are connected to accredited investors to asset-based alternative investments with 8-20% target returns.\xa0 Whereas borrowers help businesses raise affordable capital quickly by streamlining fundraising and connecting them directly to accredited investors.
YieldStreet is changing the way wealth is created, providing access to asset-based investments historically unavailable to most investors. YieldStreet allows you to participate in investment opportunities with low stock market correlation and target yields of 8-20% across litigation finance, real estate, and other alternative asset classes. YieldStreet\u2019s technology platform creates a unique experience for investors at every level and provides valuable diversification and strength to most portfolios. Get started at www.yieldstreet.com.
Dennis is also the Chairman of Esquire Payment Systems.\xa0 Today litigation business pays out approximately 700 billion per year using an antiquated checking system.
However, in the 21st century\xa0using checks to pay clients is not efficient or cost effective.\xa0 Dennis discusses expanding his distribution of law firms from 42000 to 50000 upon signing two additional deals here in August of 2018.\xa0 He plans to help law firms use a debit card payment system so that it provides their clients a greater tool which in turn will save money and provider greater\xa0access to cheaper funds at lower prices.\xa0 As he puts it the distribution network is being built one lawyer at a time.\xa0 This keeps the attorney in contact more with their client.
Dennis an author of several books,\xa0A Time to Plant Tears\xa0has been nominated for best short story\xa0Social Life Magazine.\xa0He has written other books:\xa0The Urgency of Now, God Went Fishing
Dennis is also a Broadway\xa0producer (Indecent) and currently working on a play (Me Too which he said would come out over the next 6-12 months either on or off Broadway.
Dennis was so proud to tell me that he was friends with Brian Koppelman.\xa0 Dennis told the audience that Brian discovered Tracy Chapman, wrote Rounders and that everyone should watch Billions the show created by Koppelman. He also mentioned that Brian Koppleman was the writer of Rounders and\xa0The Girlfriend Experience)\xa0 \xa0which Dennis has appeared.
Ron Suber says, One of the most important questions we will ever ask ourselves is:\xa0\xa0What are you willing to struggle for?"
I asked Dennis and he responded\xa0To Do Good that he was fortunate and in a position to help people.\xa0 He further stated that he was comfortable where he was in business and that he gets satisfaction in helping others.
Thinking of his children he was quick to say that he also instills this same philosophy in his children.\xa0 I could feel is genuine down to earth nature shining through as he said this and at that moment I was so thankful and grateful to be interviewing such an awesome entrepreneur and mentor to the younger business professionals in the audience.
On the subject of time management balance and philanthropy:\xa0 he stated that you should focus a certain amount on your family and friends, a certain amount of time to business and certain amount to giving back and not just writing a check but getting other people involved\xa0 which he mentioned was doing proper diligence for this year and beyond.
On the best advice he ever received "Bad people make for bad business" I will never forget this!
I love asking my guest whats your favorite quote: Dennis was on a role I didn't even need to ask him he just blurted out\xa0James Altucher -\xa0 \u201cWhen you get in the mud with a pig, you get dirty and the pig gets happy.\u201d
At the end of the show, I asked Dennis what are some takeaways I was blown away when he said,\xa0 "Thank you I appreciate your giving me all the time,\xa0everybody should listen\xa0and\xa0follow you\xa0go to the\xa0website\xa0listen to your podcast"
Dennis's last takeaway: "try to do a nice thing everyday"
At the end of the interview, Dennis says let me tell you one more funny story - Bethenny reads all her tweets so Dennis decided to set up a twitter account and was having trouble getting it set up with the passwords and Dennis was amazed at\xa0 how Brian Koppelman saw that he set up a twitter account as Twitter notified Dennis that you now have a follower on twitter it was Brian Koppelman\xa0who became his first friend on twitter.
We joke back and forth at the end of the interview and I say well you will have a lot more after this interviewer.