Magazine Archive
Magazine Archive
Lessons Learned as a Rookie Bank Trustee
In August of 2008, a group of investors and myself, with great enthusiasm and fanfare, opened the doors to the first community savings bank in Massachusetts in 16 years - NUVO Bank. We were going to be different. A month later the global credit crisis hit, and the way banking was done changed forever. Running a bank in competitive good times is hard enough, running it in the middle of a global economic banking meltdown is like climbing Everest in a blizzard in your underwear. Everyday you're blinded by another force of nature you never expected. To say it was an educational experience would be an enormous understatement. You never climb Everest alone, and luckily I had two of the best banking minds in the industry, Don Chase as our Chairman and Dale Jane as our President. Together, and with our solid board of trustees, hardworking employees and valued customers, we not only thrived, we survived.
LIVING BEYOND 120 - BUILD YOUR LONGEVITY PORTFOLIO
We are living longer. The average life expectancy in 1860 was 39; today it’s 81!
Personally, I’m planning to live to 148 and my wife Lorie to 156. I often get a reaction of shock from people, as they picture me as a shriveled 148 year old prune in a wheelchair. But I’m talking about living to 148 healthy, active, and vibrant.
Impossible? Think again.
Money Myth #3: Investing for a life beyond age 120
Eight years ago, my wife Lorie and I visited Human Longevity Inc, in LaJolla California. Longevity is run by famed Longevity Researcher, Dr. Craig Venter, who was the first person to map the human genome. That’s what we had done. The results- all positive and a map for living to 148.
Money Myth #2: The equity on my home earns an investment return
When I ask the average investor, “what does the equity in your home earn..?” I usually get a perplexed look. If they are with their “significant other,” one will look at the other with that, “hey you know the answer to this question….right…look??” So what does the equity in your home earn everyday? Let’s do a brief experiment and find out.
Money Myth #1: My home mortgage needs to be paid off when I retire to be happy
In my new one Man Show “Yield of Dreams” I identify 15 Myths People Have about Their Money. A Myth is “a false belief you have about a subject matter…” Read more to find out what these are.