Archive for June, 2010

The Passing of an Angel

Shaneera Lawson Smith
I regret to inform you that Shanerra Lawson Smith, wife of our business partner Omar smith has passed away after a three year battle with cancer. She was a sister and dear friend to me personally and I will miss her spirit more than words can say. Please keep Omar, their baby girl Tatianna, and their sons Eric and Andre in your prayers. For those of you who wish to attend her services please see the info below:

Wake: Thursday June 24th from 4pm to 8pm
Vaughn Greene Funeral Home
8728 Liberty Rd
Randalstown Md 21183

Memorial- Funeral
Friday June 25th
Celebration Church
6080 Foreland Garth road
Columbia Md 21045

re pass to follow at:
The Stone House
8775 Cloudleap Court
Columbia Md 21045


1 Comment

Are your Spouse and Children Your Responsibility if you Die Prematurely?

I know this seems like a crazy question. In fact if you ask most married people this question they will say, of course. But the truth of how most married people live is very different.

When I say married people I am assuming and referring to the ones that really love and are committed to each other. All the “I can’t stand my spouse people” I have another post for you, but this is for the loving couples out there.

 Although most people would say that they believe they should be financially responsible to their spouse if they passed away early the vast majority of couples are not responsible as they should be and grossly underestimate the hardship they leave their family to deal with.

 Actual Example:

 Chuck dies and leaves Anne and their three kids a $500,000.00 dollar life insurance policy.

Chuck earned $80,000.00

Anne earned $85.000.00

Home worth $400,000.00 with $350,000.00 mortgage $2875.00 mortgage payment

They have all the usual car payments and bills are living well and saving $2000.00 a month in their investment accounts.

About $80,000.00 in investments between the Anne and Chuck

Children are ages 2, 6, 10

Chuck age 38

Anne age 35

Both chuck and Anne had $500,000.00 life insurance policies.

 Life is about to be very different for the family

Sadly Chuck has a car accident and dies of his injuries. After the initial shock Anne is at least glad that they have life insurance. Most people chose the amount of insurance they purchase by some amount of money they think is a lot of money. If you never have $500,000 at one time that seems like a good amount of cash. You need to the amount of insurance on the amount of income you need to replace.

How are you going to replace your income?

 If you need to replace $80,000.00 a year in income you need a lump sum that you can earn 4% a year on and get $80,000.00. $2,000,000.00 times 4% =$80,000.00. Not including raises it is safe to assume Chuck was going to earn the same money or more for the rest of his working life. His family’s whole plan is based on this assumption.

 Why 4%

This is a safe number where you can spend the interest and protect the principal. This income is important because all the things you as a couple had to pay for still need to be paid for. In fact, expenses go up because now you need more childcare and help to manage your family. This amount of income lets you stay on track toward your retirement goals and your kid’s college education.

 To a person who makes 80,000.00 a year 2 million seems like an awful lot of money. But to a single spouse with three kids to take care of and educate alone it is a drop in the bucket.

 Consider the alternative

 Chuck left his wife $500,000 and three children. If she invested it conservatively for income she can count on about $20,000.00 in income from $500,000.00. How much do you think the family’s financial life is going to change losing chucks $80,000.00 a year and going to $20,000.00. If you think its going to be easy try living off of that now and see how you and your family like it.  If your whole world would change if you lost 60% of your income, then you can bet that the same will be true for your surviving spouse and kids.

 What are your thoughts? Should you be responsible for you surviving spouse and kids if you pass prematurely? I’d love to hear your answers. Can you and your spouse maintain your family life if something happens to one or both of you.

Most couples plans don’t protect them like this because either they think the expense will be too much or the advice they are getting is poor and only accounting for a best case scenario. If you need a great advisor try my personal advisor Tony Brayboy at

I really want to hear from you on this one!

, , , , , , , , , ,

Leave a comment

Mark Fuller announces Free Webinar and Free Dinner for Month of June

Dear Friends,

June is going to be an incredible month. We are making tremendous strides to help our friends and family avoid the pitfalls of the stock market and raise the financial IQ of folks working hard to build wealth for their families. Please take a look at the attached video. We would love to have you as our guest for our free 1 hour webinar June 15th 2010 at 7pm to 8pm.

The webinar is the precursor to the main event, our Wealth Dinner at the BWI Westin at 6:30pm to 9 pm on Thursday June 24th.  Check out the video below for more details.

greeting for our past guest:

To register for dinner:

Saving Your Financial Future From The Stock Market
Join us for a Webinar on June 15
Space is limited.
Reserve your Webinar seat now at:
Get a sneak preview of the upcoming workshop “Saving Your Financial Future From The Stock Market”
Title:   Saving Your Financial Future From The Stock Market
Date:   Tuesday, June 15, 2010
Time:   7:00 PM – 8:00 PM EDT
After registering you will receive a confirmation email containing information about joining the Webinar.
System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP, 2003 Server or 2000
Macintosh®-based attendees
Required: Mac OS® X 10.4.11 (Tiger®) or newer

, , , , , , , , ,

Leave a comment

Why Extremely Smart People Love to be Financially Abused and Why YOU Really Can’t Afford to be one of those people

Reality check, the stock market averaged a .08% return from 2000 to 2009, that’s less than one percent return for a whole decade. In fact, here are the exact returns for the decade:
2000 (-9.10%)
2001 (-11.89%)
2002 (-22.10%)
2003 (28.29%)
2004 (10.88%)
2005 (4.91%)
2007 (5.49%)
2008 (-38.49%)
2009 (23.50%)

Let me put it another way. If you had $1,000,000.00 in the market in 2000 and you simply left it there to GROW in a retirement account that was diversified over the total market to protect you from lost, you would now have $960.521.97 after a decade.

Why would a smart person go to work everyday and store up capital in an account that even had the possibility of yielding small gain, no gains, or huge losses? I submit that smart people don’t know much about where they keep their long-term capital and they are simply too busy working to care until they either need the money or run out of money. By that time it is too late to correct.

Below are a couple of falsehoods many advisors sell their clients:

1. diversify spread your money across the entire market so you never have too much risk to any one sector of the economy. The chart above shows the .08% return after a decade. This is lesson number one in how to lose principal over ten years. Its complete Bulls**t. Its way too unpredictable and one thing is for sure and that’s if you live to retire you are going to need that money plus interest so hoping it works out is a bad plan.

2. Dollar cost averaging this is the strategy that says keep investing the same amount of money in the same shares month after month. When the market is up you get fewer shares for your money but when the market is down you get many more shares. don’t worry about the down market because when the market comes back you will have many more shares and you will have bought them cheaply. To this I say what about companies like BEAR STERNS AND LEHMAN BROTHERS that don’t ever comeback. you have to watch the attached video.

If it goes down it can keep going down, period. dollar cost averaging is not a guarantee, do I need to refer you to the returns for the last ten years?

3. Not subtracting your contributions from your account to see if there were any actual returns This is smart peoples greatest offense. Many people where making much less income ten years ago. As their incomes increased so do their contributions to investment accounts. Most people watch the account balance go up month after month but fail to see the that with the up and down of the stock market their returns are being wiped out. Most if not all of the money in their accounts are contributions and not gains. When you put money in over ten years and only have that same money in the end, you don’t have an investment account, you have a piggy bank.

Four simple iron clad rules;
your money should grow if it is invested
-long term capital should grow at a fixed rate of return
-long term savings should not have market exposure
-always subtract your contributions from your account balance to judge the return on investment

Its time for a stronger financial education. On June 24 2010 my firm is sponsoring one of the top advisors in the country at a free educational forum and dinner. Please take advantage of the opportunity to learn and grow. Your family will thank you.

check out my page on facebook for event details.

, , , , , , , , ,

Leave a comment Two Hours of Education and 1 FREE Meal could make you Fortune

Everyday I am confronted with great clients seeking financial advice based on old rules or outdated information. The reason this is so troubling is because playing by the old rules puts all of a person’s wealth in great jeopardy. Even more disturbing is the idea that so few are willing to invest the time it takes to learn. Time, not money is really what is in short supply in Middle class America. If you don’t invest the hours that it takes to learn the right way to do things you will pay the cost on the back-end.

What I hope to do is begin a conversation with my and  friends that exposes the truth of the financial world and helps put folks on the right path.

Lets start with the biggest myth of all. Retiring with a big 401K or IRA and a paid off mortgage is a good thing. A lot of money in a qualified plan puts you in a horrible tax position at a time when you need the money the most. Who knows what tax rates will be in the future, every financial expert agrees that higher income tax rates in the future are a must to repay the government’s debt and keep social security afloat. How much of your retirement income will you be paying in taxes 25%,35%,45%, your guess is as good as mine but the safest bet is to be paying 0% in income tax. That can’t be done from a qualified plan.

Next is a paid off home. This gets tricky for three reasons. First,  no one wants a mortgage payment after they retire, and if planned for properly you should not have one. Second 85% of Americans net worth is equity in their homes. The money retirees need to live is trapped under their feet. Thirdly, if you get sick for a long time medicare wants you to deplete all of your assets down to $2,000.00 before they will step in to help. Your house just sits there like a big fat turkey waiting to be slaughtered at Thanksgiving. When the government comes looking for assets you don’t want to have any because if you do they will be taken. Remember the government looks back five years so don’t think you can just give your assets to someone else after trouble comes.
If you want to empower you self with knowledge then come to a Free dinner and educational workshop held at the BWI Westin on July 29, 2010 at 6:30 pm. You must register at . I hope to see you there. nothing will be sold so please just come to learn.

Follow me on and

Leave a comment

$200,000.00 in New Business in 45 days because of Twitter and Tonya Taylor

Sorry guys I don’t have time for a long post so I will just say this, I asked Tonya Taylor how to use twitter for business because I never really understood the power of the net. I have been living a life dedicated to avoiding

She showed me some great things and tools that would allow you to do real business on the internet using twitter. I didn’t do 1/3 of what she told me and I generated $200,000.00 in new business in 45 days.

I will easily generate 1 million dollars on the net this year at a minimum but only because I listened to Tonya Taylor. Now she is offering a course where she give you instructions and teach you to use twitter for business. I can’t believe the price she is charging, it’s so low. I think she has lost her mind but since she hasn’t asked me for any of the money she helped me make I had to give her this great recommendation. $27.00 a month is all she is asking for her course. BTW, I paid $200.00 for a few hours of conversation with her. Did I mention the $200,000.00 return in 45 days.

If your business your business isn’t making 1 million or more on the net every year go to Please tell her I refered you, not because I get any money, but because i want her to know that I am grateful for all she has done for me and the thousands she helps me to bring financial education to at and

Leave a comment

Are you ready for the tax increase that is sure to come?

Get your tax breaks while you can. America is headed for a huge increase in taxes in the not so distant future. The attached article is really good news for seniors collecting ira and 401k income with few tax deductions. They should be using this year to get their life savings out of the tax system but few know they have that opportunity.

Leave a comment