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Failing to Plan is Planning to Fail

Dear Friends,

I'm writing this today on Friday the 13th which superstitious people consider to be an unlucky day. Well, it's raining right now and my daughter's soccer game today was cancelled. Unlucky!

If you are a Twins fan (or are like many fair-weather fans and became one in the last 2 weeks), remember the Minnesota sports axiom, "There's always next year." Enough about bad luck:

A fighter pilot has no rear-view mirror!

That's a quote from one of my favorite books written by Maxwell Maltz in 1960. Maltz was a plastic surgeon and noticed something a bit disturbing. After successfully performing their surgery, some patients still saw themselves with the physical defect after it was fixed.

This led him to believe one must develop a positive self-image to get the external results one desires. Visualization techniques and goal setting were the solution. His work was the basis for future self-help gurus like Zig Ziglar and Tony Robbins.

His work wasn't limited to just self-help gurus. When a basketball player makes the free throw or the golfer lands their drive down the fairway "in their mind" before taking the shot, chances are they or their coach discovered this phenomena of Maltz's work.

Failing to Plan is Planning to Fail

At the start, we knew 2023 would be an interesting year. With interest rates tripling from their lows just 2 years ago and low inventory, we've had to get creative this year.

We've added new investors to be able to offer reverse mortgages, home equity lines and bank statement loans for self-employed people whose tax returns don't show significant income.

In addition to client referrals, real estate and financial planner referrals and people finding us online based on our reviews, we've started to look at other ways to find clients to serve.

Everyone has an estate plan. It's either your plan or the government's.

I recently had the pleasure of meeting Margaret Barrett, an estate law attorney. I shared with her how a reverse mortgage may benefit some of her clients and she shared with me her story of navigating her dad's dementia and a few other moving stories of how she has helped families.

At the end of our meeting, I asked her if she would be willing to come to my office and do a free one-hour presentation for my clients (YOU) sometime in November on the do's and dont's of estate planning, probate and how to plan for Medicaid. Fortunately, the answer was yes!

So if you are (or someone you know is) interested in a free one-hour presentation that will touch on what goes into wills, trusts, and planning for Medicaid please text 651-315-7681 or email by October 27th. Time/location TBD once we have a headcount. Food and drinks will be provided :)

Hope to see you soon!



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