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Groundwork Lawrence November E-Update

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Upcoming Events  

 

EcoArt Deadline Extended!

November 13

 

Glow Gala 

Annual fundraising event planned for Thursday, November 29

 

Learn more >>

 

Fall Fest Fun!

Thanks to those of you who came to the last Farmers Markets of the season. We had a blast face painting, drinking hot cider and of course checking out all the great costumes! Until next year!

 

 

NEXT STEP LIVING!

Help raise funds for GWL by completing this very easy and FREE Home Energy Assessment
Click here!

 

November 2012 E-Update

 

Are you coming to Glow Gala this year?

We hope you are planning to join us for Glow this year! If you haven't already, you can now purchase your event tickets, chance raffle and iPad raffle tickets to the annual fundraiser online. This year we will be celebrating community stewardship and will be highlighting the newly completed Spicket River Greenway. Come join us for EcoArt, chance raffle, silent auction, delicious food, great music and more! It's not too late to become an event sponsor, so if you are interested, click below. If you have any questions about Glow Gala, please contact Amanda.

Buy tickets >>
Become an event sponsor! >>

 

 

 

 

 

Deadline for EcoArt extended!

If you have a piece of EcoArt in mind or almost created but you thought you were out of time, you are in luck! We have extended our deadline to Tuesday November 13th. If you have any questions, please contact Rosa. 

 

Learn more >>

 

 
 

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Groundwork Lawrence
60 Island Street, 3rd Floor
Lawrence, MA 01841
T: 978.874.0770
F: 978. 974.0882
www.groundworklawrence.org 

Check out these amazing before and after wedding gown photographs from Daisy Cleaners

Please call Daisy Cleaners for all of your dry cleaning needs at 1-603-898-5381. Look at the amazing job they did with this wedding dress

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Friends of Kevin Guest Blog post by Steve Gamlin Marshmallows and a Golf Cart, the Keys to Success!

Marshmallows and a Golf Cart, the Keys to Success!

Steve Gamlin   www.InspiredBySteve.com   (877) 560-3360

 

Several weeks ago, I was very excited to sign a wonderful contract with a very successful company here in New Hampshire.  I have the honor of being part of an experienced team of speakers/experts for this company’s team as they head into 4th quarter and prepare for a butt-kickin’ 2013! The leader of this team is one of the most positive, pro-active people I’ve ever met when it comes to investing in education and motivation for her people.

So…how did I get to be the chosen one?

About 16 months ago, I was helping my marketing director with a charity golf event. Her company was the sponsor of one of the holes. Essentially, my job was to measure how far golfers could drive a marshmallow. *

As I arrived and was ushered to the golf cart which ultimately delivered me to the 7th hole, a smiling woman asked what I was doing with a gym bag overflowing with marshmallows. As I explained, she laughed. She was also sponsoring a hole that day, with a theme somewhat less messy than mine.

After she asked what I do for a living (as if I could make a career of marshmallow long-drives), I told her I am a professional speaker. When she saw my name on my business card, she confirmed she’d heard of me and was interested in having me speak for her company.

Annnnnnd, here we are.

At the time of this writing, I have already had the great joy of being with her team twice, delivering a ‘real message for real people’, sharing the course of action we’ll be presenting over the next 6 weeks. The roster of events includes “Attitude + Action for a Lifetime of Traction”, followed by the “Get Cookin’ with Steve” Vision Board event to benefit individuals AND the company as a whole (just imagine, a VISUAL mission statement!), and then an early December wrap-up session designed as the launching pad for all we have shared.

How did you meet and acquire YOUR best clients?

As much as I find tremendous value in networking events, blogs, podcasts, referrals, paid advertisements and social media…I will NEVER forget that, wherever I am, I have the ability to make a connection with someone in a meaningful way.

Marshmallows and a golf cart…who knew?!?

* The longest drive of the day was 144-feet, 6-inches!!

Keep your computer running at peak performance with RCS Computer Solutions.

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Pay Yourself First—and Regularly—With Dollar Cost Averaging from Matthew Schwartz of Schwartz Financial

LPL Independent Investor

September 2012

 

Pay Yourself First—and Regularly—With Dollar Cost Averaging

 

To remain financially responsible, everyone must pay bills on a regular basis. These bills include mortgages, utilities, car loans and credit cards. Unfortunately, many people do not also heed the oft-quoted advice to pay themselves first.

 

The reality is that a steady saving and investing plan is sometimes necessary to help pursue such financial goals as paying for a wedding or new car, buying a house and funding retirement. One strategy that can help you develop a systematic investing plan, while potentially saving you money and easing your mind along the way, is dollar cost averaging (DCA).

 

DCA Defined

Dollar cost averaging is a technique in which investments of defined amounts are made on a regular basis.1 As a long-term, disciplined strategy, DCA can help you take advantage of the benefits of compounding to potentially build a sizable sum.

 

Aside from offering a disciplined, trouble-free way to save and invest, another potential benefit of using DCA is that it ensures that your money purchases more shares when prices are low and fewer when prices are high. Over time, the result could be that the average cost to you may be less than the average share price. For example, consider the accompanying chart, which shows the result of investing $50 in stocks every month for 12 consecutive months.2

 

As you can see, every month the share price fluctuates a bit, and by the end of the 12-month per iod, your $600 would have bought you 42.7 shares. The average price per share, as calculated by adding up the monthly price and dividing by 12, would have been $14.25. However, the average cost that you would have actually paid, as calculated by dividing the total amount invested by the number of shares, would have been $14.05 per share. Over the years, this method could potentially save you a lot of money.

 

The Benefits of DCA

Month

Share Price

Shares Bought

Jan.

$15

3.3

Feb.

$13

3.8

Mar.

$12

4.2

Apr.

$14

3.6

May

$13

3.8

June

$12

4.2

July

$13

3.8

Aug.

$14

3.6

Sept.

$16

3.3

Oct.

$16

3.1

Nov.

$17

2.9

Dec.

$16

3.1

Total Shares

42.7

Average Price Per Share

$14.25

Average Cost Per Share using DCA

$14.05

 

Dollar cost averaging also can offer the psychological comfort of easing into the market gradually instead of plunging in all at once. Although DCA does not assure a profit or protect against a loss in declining markets, its systematic investing “habit” helps encourage a long-term perspective, which can be soothing for people who might otherwise avoid the short-term volatility of riskier, but potentially more profitable, investments, such as equities.

 

And last, DCA may help you make savvy investment decisions if you stick with it. For example, if your investment rises by 10%, you will likely post big gains because of the shares you have accrued over time. And if it declines by the same amount, take comfort in knowing that your next investment will purchase more shares at a less expensive price—shares that may regain their v alue and even exceed the higher price in the future.3

 

Regular Investing Makes Sense

As a long-term strategy, you may find DCA can help to potentially lower your average cost per share, while allowing you to feel more comfortable during uncertain markets. Keep in mind, however, that you should consider your ability to purchase over long periods of time and your willingness to purchase through periods of low price levels.

 

1Periodic investment plans do not assure a profit and do not protect against loss in declining markets. Dollar cost averaging is a strategy that involves continuous investment in securities regardless of fluctuating price levels of such securities, and the investor should consider their financial ability to continue purchasing through periods of low price levels.

 

2Source: Standard & Poor’s. Stocks are represented by the S&P 500 index.

 

3Past performance is no guarantee of future results.

 

This article was prepared by S&P Capital IQ Financial Communications and is not intended to provide specific investment advice or recommendations for any individual. Consult your financial advisor, or me, if you have any questions.

 

Because of the possibility of human or mechanical error by S&P Capital IQ Financial Communications or its sources, neither S&P Capital IQ Financial Communications nor its sources guarantees the accuracy, adequacy, completeness, or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. In no event shall S&P Capital IQ Financial Communications be liable for any indirect, special, or consequential damages in connection with subscribers’ or others’ use of the content.

 

Tracking # 1-095838

 

Matthew M. Schwartz

Financial Consultant

 

Schwartz Financial Services, Inc.

3 Baldwin Green Common #209

Woburn, MA 01801

Friends of Kevin Guest Blog post from Jack Wang - Have you considered this?

Have you considered this?

 

When meeting prospective clients, I’m often asked about the difference between term and permanent insurance.  Of course, most people simply think that perm is more expensive than term, and that’s the whole story.  

A nice introduction to insurance can be found on the LIFE Foundation website.  This is a non-profit dedication to educating consumers about life and other forms of insurance.  

The link is here.  Or if you prefer a video, click here.

 

While you can find lots of articles on the internet about the merits of term versus perm, very few articles I’ve seen actually consider these other important items:

 

1.      How much do you really need?

 

Most people I’ve dealt with tend to underestimate – probably because of optimism and probably because of cost.  They figure, heck, the spouse can go back to work.  But they forget to account for the cost of day care.  Or the fact that on 1 income, now the ability to save for college is basically gone.

 

And have you tried to find a job in this economy???

 

I always encourage everyone to estimate need a little high.  Consider this example:  If you want to buy something that costs $10 and you $11 in your pocket, you can buy the item and it’s not a big deal.

 

But if you lose a few dollars, and now only have $9 and can’t buy the thing you wanted, now it’s a big deal.

 

Or in the example with auto insurance – no one ever said that they wished their insurance only covered part of their accident repair instead of covering the entire amount.

 

A little extra coverage doesn’t hurt.  But too little coverage can be really painful.

 

2.      How long do you really need the policy?

 

Here again – probably for the same 2 reasons – people tend to underestimate.  One of the most common scenarios is that most people want to have their life insurance pay off their mortgage in the event of death.

 

The thinking goes – I have a 30 year mortgage, so I’ll get a 30 year term policy.  The coverage will last as long as the loan.  Great!

 

Well, the average mortgage only last about 7 years.  People refinance to build an addition, or to consolidate debt, or pay for whatever large purchase comes up.  Or simply to lower the payment.

 

So now, the mortgage is back to 30 years.  But the insurance is down to 23 years.  And chances are, the homeowner will refinance again in the future.  That insurance need has become permanent!

 

Think about it – how many people do you know who have actually paid off a 30 year mortgage?

 

Regardless of what you want to cover, often what people think is a temporary need is really a permanent need.

 

3.      How healthy are you really?

 

Health obviously plays a big role in the cost of insurance.  Every insurance company looks at health slightly differently.  Some prefer only very healthy people.  Others will insure people with medical conditions.  Just like banks.  Banks vary in the type of loans they will approve.

 

However, if you apply to a bank for a loan and are turned down, you can simply apply to another bank.

 

Not so with life insurance.  Once you’ve been turned down, it becomes extremely difficult to obtain insurance.

 

After helping a client determine the proper amount, the client went ahead and applied for insurance on her own.  Well, while she was quite healthy at the time, she forgot about a medical condition she had years ago, and it actually caused her to be denied.

 

And now this mom to a 6 year old daughter can’t protect her family.

 

Or if she really wanted coverage, she could probably get something, but at a very high cost.

 

So what does this all mean?

 

Well, life insurance can be quite complex and as a result, there can be a lot of pitfalls.  It’s not as simple as going online and buying a policy.  And it certainly goes beyond a simple term versus perm comparison.

 

If you’re serious about protecting your family, then take the time to work with an expert who can help make the process very simple.

 

Your family’s well being depends on it!

 

September is Life Insurance Awareness Month.  How are you protecting your family?

 

Take part in my poll about life insurance on LinkedIn.  The link is here.

 

 

Let's visit! Use this link to schedule a time with me:  https://tungle.me/thejackwang

 

 

T. Jack Wang
M.E.R.J. Financial Group 
voice - 877-226-4157

fax - 877-226-4157
Email: jack@merjfinancial.com

LinkedIn:  http://www.linkedin.com/in/thejackwang

Facebook: http://www.facebook.com/thejackwang

Blog: http://merjfinancial.blogspot.com/