The Math Doesn't Add Up.

[VaDwayne]

Well I even have that trumped; 20 minutes away from Wash DC - we go to all the museums...free as well as the myriad of other buildings - U.S. Mint, Library of Congress, etc...

Inner Harbor is very cool - great aquarium, science center, and (relatively new) Port Discovery for kids (my son's 8)

Port Discovery

YouTube - Virtual tour of Port Discovery Children's Museum

Then it's off to Philly, 90 minute drive or "Penn Station to Penn Station" to hit Mantattan.

Good point, the Inner harbor is awesome. I go there about 5 times a year when we come up to see the Orioles. But you also have one of the highest crime rates in the country, a mayor that stole from poor people, a corupt police dept., and you let the Colt's get away.

I was at an Orioles game and we stayed at the Marriott at the stadium. I saw a cop walk out in front of a car, the car slammed on it's brakes and was hit in the rear. The cop denied that he was even there. I told the man that I would testify for him, but he never called.

I was headed to an Orioles game, sitiing at a gas station and a gang of thugs jerked a man and pregnant woman off of a motorcyle and proceeded to start kicking them both. They yelled for the owner to call the cops but he said he wasn't getting involved. I was just a kid.

But, we just had a guy kill 8 people about 60 miles from my house. The hold U.S is getting more violent everyday.

Everybody loves something different which is cool. I would go crazy dealing with the traffic everday in Baltimore.
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I've got you all trumped. I live about 45 minutes from the most beautiful college campus on the face of the earth, and the home of the now 13 time national championship Crimson Tide football with their new Heisman Trophy.

ROLL TIDE

Roll Tide, man they were good this year. Oh, give me a call at 540-241-1702.

 

[Crabcake Johnny]

Yes, the Inner Harbor is fantastic - as well as the Orioles and M&T stadiums.

Crime is Baltimore, although high, is not unlike any other major city where it's concentrated to certain areas of the inner city. Most of it is drug related violence.

Of course, we do have "the block" which is about 40 strip clubs lined up next to each other over a 4 block area. That's always great for family entertainment.

The Block (Baltimore - Wikipedia, the free encyclopedia)

Same for Wash DC - fantastic and safe to go to downtown DC...but you don't want to wander over to the S.E area.

Actually it's really the same in every city. Very very low crime in the tourist areas - Philly as well as Manhattan.

But Dwayne you're right, it costs to live year. You're not buying anything in MD that's by a good school district for less than $300,000...and that's a townhouse. Single family? "Nice" area? The bidding starts at $500,000.

 

[VaDwayne]

Yes, the Inner Harbor is fantastic - as well as the Orioles and M&T stadiums.

Crime is Baltimore, although high, is not unlike any other major city where it's concentrated to certain areas of the inner city. Most of it is drug related violence.

Of course, we do have "the block" which is about 40 strip clubs lined up next to each other over a 4 block area. That's always great for family entertainment.

The Block (Baltimore - Wikipedia, the free encyclopedia)

Same for Wash DC - fantastic and safe to go to downtown DC...but you don't want to wander over to the S.E area.

Actually it's really the same in every city. Very very low crime in the tourist areas - Philly as well as Manhattan.

But Dwayne you're right, it costs to live year. You're not buying anything in MD that's by a good school district for less than $300,000...and that's a townhouse. Single family? "Nice" area? The bidding starts at $500,000.

The kicking incident was near the old Memorial stadium. I saw them play the A's, who had Rollie Fingers, Sal Bando, Reggie Jackson, and many other stars. What a memory!!!

 

[Yoda]

Since Da Wayne did not fully learn the game while suckling "frankies" teet I shall now give him the low down. Da Wayne you will never get rich selling medicare supplements. If you cant turn your med supp clients into LTC and Life sales you are going to find yourself in a low paying job. There have not been any rich medicare supplement salesman around since they killed the commissions back in the 90's.

 

[G.Gordon]

Once again I take the moron off ignore for amusement and he doesn't let me down.

Shall we look at the facts:
a. The median American income is $42k/year.
b. 1000 medsupps paying you an average of $17/mo each is $204,000/year. Where I come from... that's pretty close to rich.
c. Of course you have to pay taxes to support Yoda and his mother on food stamps.... so take out 28%. I can live pretty well on $146,880/year.

fixed for the sober readers...

 

[sman]

Not disagreeing with your premise g.gordon, just your math. 1000 Med Supps paying $17 per month would be $204,000 per year. There are 12 months in a year, not 10.

Once again I take the moron off ignore for amusement and he doesn't let me down.

Shall we look at the facts:
a. The median American income is $42k/year.
b. 1000 medsupps paying you an average of $17/mo each is $170,000/year. Where I come from... that's pretty close to rich.
c. Of course you have to pay taxes to support Yoda and his mother on food stamps.... so take out 28%. I can live pretty well on $122,400/year.

 

[GreenSky]

Not disagreeing with your premise g.gordon, just your math. 1000 Med Supps paying $17 per month would be $204,000 per year. There are 12 months in a year, not 10.

He takes two months of vacations each year.

Rick

 

[sman]

I don't know about other agents, but my retention rate for a 4 year period is about 97%. That includes deaths and cancellations. Generally, if the client is going to another product (either a new Med Supp or MA plan) I am the agent writing it. I just don't lose many clients. I credit that mostly to my staying in contact with the client and making sure I put their needs first. Even if it means less money for me. Referrals are REALLY nice when you do business this way.

I don't do medsupps, but, your retention math doesn't work. Retention is a compound problem, not a simple one. I'm assuming 80% retention is acheivable, but anything better, long term, in med sups probably isn't (again, just guessing, I don't know).

Lets say you do 100 apps a year, lets look at year 2, for simplicity sake.
Your math would say 100 x 2 years x 80% = 160.
Real retention says:
Year 1: 100 x 80% = 80
Year 2: (100 + 80) x 80% = 144

Big difference between the 160 and the 144, especially as you progress out more years. Not hard to figure out with a spreadsheet, but it will make a bit of a difference.

Dan

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I guess that means the commissions would as well.

He takes two months of vacations each year.

Rick

 

[Yoda]

No agent has 1000 medicare supplement clients paying $17 a month! "Gordo" pulled that figure out of his ass and thats where he should of left it!

 

[G.Gordon]

Not disagreeing with your premise g.gordon, just your math. 1000 Med Supps paying $17 per month would be $204,000 per year. There are 12 months in a year, not 10.

Doh!!.. Long night at the gym. Rode for 45 minutes, swam 300 yards, treaded water for 30 min. then headed to the bar and had Tacos, margaritas, beer, car bombs... hang over... mind not working right.

That's my story and I'm sticking to it.
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No agent has 1000 medicare supplement clients paying $17 a month! "Gordo" pulled that figure out of his ass and thats where he should of left it!

You're right... I was being conservative.