2 Pauls Marketing and Consulting, LLC

MARCH  NEWSLETTER

Greetings!
Hello Everyone,  I hope all is well with you and your families! It's March and for all my IRISH friends this is your favorite month of the year! Saint Paddy's is almost here and all the world gets to celebrate with you!! So drink up, enjoy and be happy!
In This Issue
TAX SAVINGS ACCOUNTS
QUOTES OF THE MONTH
Book Of The Month Club
SIX STEPS TO NETWORKING
FORECLOUSERS
In this month's FORBES MAGAZINE  
there is a great article on 7 steps of savings sanity.

The article outlined the choices and rules for goverment-approved tax saving accounts.

Pretax 401K
2008 Max Contribution:
$ 15,500; $ 20,500 if over 50.
Roth 401K
2008 Max Contribution:
$ 15,500 ; $ 20,500 if over 50
Deductible IRA
2008 Max Contribution:
$ 5,000; $ 6,000 if over 50
Roth IRA
2008 Max Contribution:
$ 5,000; $ 6,000 if over 50
 
 These are only the highlights of the article and you should read the entire piece to find all the requirments for these programs.
 
 

 

 
QUOTES OF THE MONTH
 
 Self pity gets you nowhere. One must have the adventurous daring to accept oneself as a bundle of possibilities and undertake the most interesting game in the world- making the most of one's best
 
Harry Emerson Fosdick
 
Use soft words and hard arguments
 
English Proverb
 
We become just by performing just actions, temperate actions, brave by performing brave actions.
 
Aristotle
 
 

If you want something, need something or want to say or do something and are hesitant:

Ask yourself. " If I do xxxxxxx what is the worst that will happen and the best that will happen?"

Then ask yourself, "Can I deal with the worst thing"

If so, then proceed.  Because if you don't, then the worst has already happened (nothing)

Aruthor unknown

 

This Month's book is

 

BLINK

 
By: Malcolm Gladwell
 

THE POWER OF THINKING

WITHOUT THINKING

 

This book was recommended to me by one of my best friends, Bobby Simpson, of Higher Ground Softball. The book starts out by getting you to think back to all the times you said something like "I'm not sure but my gut says something is not right"  Congratulations! This is Thinking Without Thinking. It's the whole idea of this book. But be prepared: The author delves into how we think and what we say and how this affects our outcomes. Blink takes the premise that our gut feelings are right more times than not, even though our eyes and brains tell us otherwise. Chapter One tells the story about the J.Paul Getty Museum in California. The museum had in its possession a marble statue dating back to the sixth century BC, known as the Kouros. The asking price was $ 10 Million. The Getty museum contracted  with experts to assure the sculpture's authenticity. Over a 14 month period these experts analyzed the piece, tested core samples and reported it was the real thing. But as board members throughout the evaluation process came to see the Kouros, all of them had a bad feeling or intuitive repulsion that the Kouros was a fake. It took only a few seconds for them to realize something was wrong. But the research team at Getty took 14 months to  arrive at the same conclusion. Blink is a book about those first 2 seconds

This book goes into other aspects of our lives and gut feelings. It explores how we think even as we try to think differently. In Chapter 3, Gladwell talks about thin slicing. This is basically how we see someone or how we perceive they are. The example he uses for this starts on pg 77 The widely used Implicit Association Test (IAT)  is a simple test based on the theory that we make connections much easier between pairs of ideas than with ideas with which we are unfamiliar. The most common example uses names: John (MALE) Betty ( FEMALE)). This goes on further to associate people with crime and punishment, education etc. You can take a online test if you would like. ( be warned you will be surprised with your results!)

www.implicit.harvard.edu   Good Luck!!

 

SIX STEPS TO NETWORKING EVENTS SUCCESS

 
By: Glen Gould
 
 

Networking is the hottest marketing and sales tool today, and with good reason.  Whether it is work demands, time restraints, or technology, we are more isolated than ever before.  We awaken to email and pull out of our garages for a solo drive to the office. There sit in an office or cubicle where we have another screen to gaze into. 

 

Some of us just walk down the hall from our kitchen to our "office computer".  We answer mobile phone calls during conversations with others, we check our email while we drive and we send text messages rather than make phone calls.  In the evening we go to Johnny's baseball game and reply to email the entire time.  On the weekends we go to Sally's soccer game and spend most of the time on the cell phone.  The art of face to face conversation is lost and many of us are finding that relationships are harder to forge.

 

But there is help in the form of networking events.  These planned get togethers bring large groups of people together to meet and greet, share a drink and perhaps some food, and generally engage in what used to come naturally; conversation.  Unfortunately, many have found that they lack the skill necessary to engage in a conversation or, worse, they find that all they can do is recite the brochure created by the marketing department.  We find ourselves verbally vomiting on everyone within ears reach.  It is no wonder we feel inept when we get into a crowded room - who know how to carry a conversation anyway?

 

While building relationships and carrying conversations require a planned approach and much practice (and time), there are some simple steps you can take to improve the chances that you will begin to build a relationship that will stand the test of time.

 

1.      Think about what type of people you want to meet.  Standing in an event with a lot of people is a lot like standing on the cereal aisle at the grocery store.  Even when we know what we want it's hard to find it among all the choices.

2.      Plan on meeting only three to five key people.  Once you know the types of people you want to meet, you can begin to filter through the attendees.  When you meet someone that is not on your target list, you can politely introduce them to someone else or just ask to be excused.  Stay focused on finding the right people, but always be polite in doing so.  You never know who you might meet that knows someone on your target list.

3.      Plan to spend three to five minutes with each person you meet that is on your target list.  This gives you the ability to get to really know the people you want to know.  It begins the process of building a relationship.

4.      Ask questions about them and keep the focus on them.  What do you do?  How long have you been doing that?  What lead you to get into that kind of work?  Where did you go to school?  Do you have family in town?  Whenever they ask you a question, answer it briefly and bounce the question back to them.  Keep asking questions - people love to talk about themselves.  But if the conversation becomes trivial, move on to tip 5.

5.      Ask for a business card (and don't give them one unless they ask).  When you get the card, jot a couple of key points on the back of it to jog your memory when you call them and ask them to have a cup of Starbucks with you.

6.      Ask the Million Dollar Question.  "Bob, I've enjoyed talking with you.  You know I meet a lot of folks every day.  Tell me, how would I know if I met a perfect referral for you?"  Most people won't be ready for that question.  Give them a few moments to think about it.  Even if they fail to come up with a good answer, asking it tells them that you are interested in them and in helping them find what they want.

 

Armed with a plan you can begin to build a relationship network that will bear fruit in the form of friendships, networking partners, clients and acquaintances.  It also gives you the ability to enter any networking event confident in your approach.  In our next article we'll discuss what you should do with the cards you get as a result of this plan to make certain this beginning step leads to networking success. 

 

Glen Gould has studied personal and business networking for over twenty-five years.  He is the author of four books including 101 Networking Nuggets and Meet Me At Starbucks.  A sought after speaker and consultant to corporations and chambers of commerce, Gould serves as the Director of Small to Mid-Size Business at the Metro Atlanta Chamber of Commerce.  For more information visit www.inspirationagents.com.

 

 
If I can help you in any way please call me at
941-716-2597. 
 
Sincerely,
 

Paul J. DaCosta
2 Pauls Marketing and Consulting, LLC

 FORECLOSURES

 
Its seems foreclosures are still on the rise with no end in sight. The Federal Reserve has lowered the key interest rates which has helped some, but not enough. In my opinion  a major problem is  speculators walking away from their investments!!
I am working on a number of SHORT SALES and here are the major factors I see contributing to the housing market  'meltdown':
  1. 25 of my short sales are from speculators living in other areas who bought homes they never saw. Not sure where Leigh Acres or CaperCoral and North Port are, just going to make a fortune when they flipped these to someone else.
  2. All of these people signed mortgage documents that  were either negative am loans or interest only!! And some were adjustable rate with only a two year fixed rate.
  3. A large portion of these people failed to do their due diligence to see what would happen if they could not flip these properties right away. They did not have the capital reserve to make payments for more than a few months.
  4. Many speculators were unable to find tenants that could cover the rent. They were surprised at the cost of taxes and insurance and they were unable to pay the mortgage. More and more homes went into foreclosure causing property values to decline further. A number of them just walked away from the home because values in some areas declined by 50% or more.
  5. The local and national press started running stories on the impending housing crisis. How were people going to make the payments on their loans when they recast to the new rate? The over building of houses nationwide caused people to lower their prices and buyers to wait to see how low prices would go!!! 
  6. In our local market home owner insurance and property taxes doubled and in some cases tripled. Our economy is fueled by tourism and construction. Tourism slowed down and construction stopped. Builders laid off workers who could then not pay their rent. A glut of rental properties  came onto the market. Now rents are in a free fall and the quality of tenants is suspect at best.
  7. The last contributing factor to the crisis is government, on Local, State and Federal levels.
  1. The Local government has failed to control costs and has been on a spending spree for years that can't seem to stop. They also don't seem to understand that quality jobs are very important to maintain a quality of life. Our local politicians keep stating we need affordable housing but fail to see that housing values have dropped 50 % and people still can't afford to make mortgage payments or rent on $ 6.00 per hour. What we need are high paying jobs and politicians willing to compete to get them.
  2. On the State level spending is still out of control but our politicians have failed in a major way by not getting homeowners insurance under control. If someone is looking to buy from out of state and checks on the cost of home insurance they can't believe the price, if they can even get  it!!!
  3. And finally the Federal Government has stepped in to save the day in an election year.The first thing they decided was to postpone any foreclosures for 30 days. Lets look at this: if you are nine months in arrears on payments, and you have moved out of state, do you really think 30 more days is going to change anything? Now members of Congress want to allow Judges to rewrite people's mortgages! The Judge can change the amount owed and the interest rate at will.The financial markets are scared to death of this idea! Just imagine that you have a contract with someone and a Judge decides he doesn't like it and changes it. The interest rates and loan amount are now different, the value of the mortgage is now less. and you may have to restart the foreclose process all over again if the people don't pay the new mortgage payments. The people may or may not be better off but the lender or investor has been harmed greatly. If this is allowed to happen the housing crisis will go on for years, property values will continue to decline and mortgage rates will increase, causing more people not to be able to own a home.
Join Our Mailing List!!
 
 
 
 
SIGNUP FOR A FREE
 
TELE-SEMINAR 
 
HOW TO GET BETTER CREDIT
 
 I have had quite a few of you ask me about the opportunity with the Financial Edge $ 100,000 Line of Credit Program.  Well, I have great news: you can now become a reseller of the Financial Edge and offer their complete suite of products for only $ 149.00. This is a great opportunity! If you would like more information please fax your complete mailing address and contact information to me at 941-423-7964. Complete training is provided.
 
Paul