Magazine Archive

Magazine Archive

Lessons Learned as a Rookie Bank Trustee
Longmeadow Neighbors Reider Media Longmeadow Neighbors Reider Media

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.

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LIVING BEYOND 120 - BUILD YOUR LONGEVITY PORTFOLIO
Longmeadow Neighbors Reider Media Longmeadow Neighbors Reider Media

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.

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Money Myth #2: The equity on my home earns an investment return
Longmeadow Neighbors Reider Media Longmeadow Neighbors Reider Media

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.

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