Our team at Reverse Focus would like to extend our personal thanks to all the members of Reverse Focus. It has been an honor and a pleasure to work with you this year.
Continue readingExpert Says Take a Reverse Mortgage Now
One well recognized mortgage expert, The Mortgage Professor: Jack Guttentag. He advocates taking a reverse mortgage now rather than waiting…
Continue readingAvoiding the Business Grinch
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Seizing the Holiday Season for Business Planning & Growth
[CORRECTION]: The Financial Assessment goes into effect March 2nd, 2015, not the 15th as I erroneously mentioned in the video]
It’s the season of winter cheer, eggnog, ridiculously big meals, gifts and unfortunately the business Grinch. The Business Grinch appears every December attempting to steal our productivity, well intentioned plans and goals for the coming year. What are some ways you can prepare to avoid the business grinch? Let’s look at a few ways to better prepare and maximize this season.
1- Projects. Begin by making a master list of the projects you wish to accomplish this year. Break them down into smaller action steps and then
2- Time block your calendar. Time block the days and times you will dedicate to your project actions. Also time block out recurring activities that are the backbone of your business such as outbound lead calls, follow up, professional networking, conferences and more.
3- Reexamine your marketing plan. We should anticipate a rush of new applicants in January and February in anticipation of the Financial Assessment which goes into effect March 15th. The question is what happens after? Here is where you will need to…
Download the video transcript for this episode here.
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Becoming the Older Generation / Part 3: Getting Retirement Right
Rightsizing for retirement means getting finances in order, along with possessions and perspective for the next phase of life. A reverse mortgage may offer a way to meet these goals, by augmenting style and substance with a sense of security.
Continue readingWhen to Pull the Trigger
Sometimes it is not a question of if but when a borrower should take a reverse mortgage. As reverse mortgage loan originators we must be careful of straying into giving financial planning advice, however we should be aware of the factors that come into play when borrowers decide to get a reverse mortgage now or later.
Continue readingWhat’s On Your ‘List’?
What is on your list? I have already begun my list and categorized it by vacation destinations, restaurants, landmarks, personal goals and professional business ideas. Professionally what are some items we could add to our list for 2015? Here are just a few ideas…
Continue readingBecoming the Older Generation / Part 2: Caring for the Caregivers
“Three out of five caregivers also are in the labor force. Working-age people under age 65 provide 22 billion of those 30 billion caregiving hours, and they often lose income due to reduced work hours,” reports the study. Not to mention losing sleep, quality of life and relationships, and often their own health.
Continue readingWhere Reverse Mortgages Fit in Modern Retirement Planning
“The idea that people can retire at 62 and walk around holding hands on the beach is not realistic”…
Continue readingTaking Control of Your Thought Life
Scientists estimate the average individual has about 50,000 thoughts per day. If that’s true I would venture to say the average reverse mortgage professionals has 70,000. It is not the thoughts we have that cause us to struggle but what we do with them.
Continue readingBecoming the Older Generation / Part 1: Who’s That In the Mirror?
“You don’t stop laughing because you grow old. You grow old because you stop laughing.”
~ Michael Pritchard
Once our parents die, we’re the elders. It’s a sobering thought for mid-lifers who are energetic, enthusiastic, and don’t remotely feel as if they are approaching “old age”. Many reverse mortgage professionals, as well as the clients they serve, are or soon will be facing this gateway.
How to prepare for a life stage transition when you’re 25 inside is the rub. (Years ago, on his 75th birthday, my Dad exclaimed, “I look at the number and I can’t believe it. There’s a little boy in there!”)
Maybe aging really is all in the mind. An intriguing article in The New York Times Magazine describes how, in 1981, a Harvard psychologist took eight men in their 70s back to 1959. She didn’t have a time machine, so she created a time warp by bringing her volunteers to a house that had been retrofitted in every way to resemble 1959, from the books on the shelves to Ed Sullivan on the black-and-white TV.
Before arriving, the men were assessed on various biomarkers such as hearing, vision, memory and cognition, dexterity, grip strength and flexibility. The psychologist postulated that after a week’s immersion 22 years in the past, the men would improve in many of these metrics — and she was right.
After imagining themselves two decades younger in everything they said, thought and did during the experiment, when the subjects were retested they showed greater manual dexterity, more flexibility — and improved eyesight. Independent judges said the men looked younger. Best of all, echoing the ethos of the seniors in the movie Cocoon (produced four years after this experiment — which was not published), a spontaneous touch-football game erupted among the test subjects as they waited for the bus to take them home. While the Cocoon seniors supposedly gained their rejuvenative capacities via a life-force charged swimming pool, the Harvard experiment seems to suggest they might have achieved the same effect simply by believing they were young again.
Since most of us are going to live a lot longer than we think, it behooves us to make our later years as positive and energized as possible.
The residents of Ikaria, a remote Greek Island for whom the mythical Icarus is named, are among the longest-lived people on Earth. Yet there’s no great mystery to their longevity: they have strong community ties, eat a healthy Mediterranean diet, eschew processed foods, and are insulated from most modern conveniences. They also get plenty of exercise every day doing the kinds of chores most Americans wouldn’t dream of (such as milking goats). They take naps, and enjoy a relaxed, relatively stress-free lifestyle.
Short of moving to the Greek islands, we can emulate their vital aging secrets by refusing to complain and living each life stage with grace and joie de vivre.
What can reverse mortgage professionals do to support clients and prospects in fostering this kind of attitude, especially among those seniors who may need their spirits lifted? One longtime loan originator who sees his role as broader than just business says, “When a client perceives you as being open and honest, with their best interest at heart, it paves the way for acceptance of what you have to say and offer. It also opens doors to more friendships.”
Consider, too, that service serves the one reaching out as much as the one who is helped. To last month’s post about some very elderly people who are working at dream jobs, add this 99-year-old seamstress who sews dresses for impoverished African children, turning out a dress a day! Until the media discovered her she did this work anonymously, out of the simple desire to use her exceptional sewing skills to benefit the less fortunate. Is it a coincidence that she’s supple enough to sew a dress a day at age 99?
This live painting portrayal of a woman’s life demonstrates in four minutes how beautiful a person really is — at every age and life stage.