Jim McEnerney

Jim L. McEnerney: Investments to Make During the Covid-19 Pandemic

Investment during the current Covid-19 pandemic is something that scares a lot of people. Jim L. McEnerney has watched the market go up and down alongside everybody else and believes that there are wise investments a person can make to avoid losing a lot of money. These tips are designed for the current crisis but may also help you even after it is over, he says.

Cash is Huge, Jim L. McEnerney Says

As the market reacts heavily to weak job reports, surges of the virus, and reopenings throughout the country, Jim L. McEnerney says that there’s one safe investment a person can make: cash and gold. Though gold and cash have surges and valleys from time to time, Jim McEnerney states that these changes are minor compared to the types of wild changes you’ll see in the market.

That’s because gold and cash are the standards for so many economies, he states, and don’t have anywhere near the volatility of stocks. And their value doesn’t change if a massive selloff occurs: these selloffs can trigger market tumbles by creating fear in investors, he says, but cash and gold rarely suffer from any adverse reaction to these sudden and sometimes devastating changes.

That said, Jim L. McEnerney doesn’t suggest only investing in gold and cash. While the stability of these assets is a bonus during this frightening market, they won’t enhance your portfolio enough to increase your wealth. As a result, it is essential to know what kind of stocks and bonds are an excellent choice. Thankfully, Jim McEnerney has some suggestions that could help you.

Jim L. McEnerney

Go for Individual Stocks, No Index Funds

Index funds are an attractive choice when the market is stable, Jim L. McEnerney says because they distribute your wealth in a more even manner. However, this choice isn’t a wise one in such an up and down market, he states, because individual stocks may rise faster than an index fund. For example, companies investing in Covid-19 cures are getting flush with investment almost overnight.

During this time, Jim L. McEnerney says, it is essential to remember that this market struggle is somewhat artificial in nature. Yes, there was a bit of a balloon in the country’s investment and the economy, he states, but the substantial collapse is mostly due to Covid-19. He wholeheartedly believes that a rebound will occur and will put the nation back where it was before, hopefully, a bit wiser and stronger.

That rebound will take time, Jim L. McEnerney says, so it is good to invest in individuals stocks that looked good to you before Covid-19. Right now, many of these stocks are probably quite low and may be easy to afford. And when the rebound occurs, and they start surging, you’ll find yourself getting a surprising amount of wealth in a relatively quick time, Jim L. McEnerney believes.

Jim L. McEnerney of Kansas City: Staying in Shape With Lacrosse May Help Fight Obesity

Jim L. McEnerney of Kansas City is a financial adviser with over 30 years of experience and one of the most respected lacrosse competitors in the nation. He recently discussed how he has used this sport to fight obesity and how others can get into this competitive event with ease. 

Why Jim L. McEnerney of Kansas City Loves Lacrosse 

Over the years, financial expert Jim L. McEnerney of Kansas City has done a lot of good for his community. His charitable nature is well documented, as is his kindness towards employees and others who have less in his community. However, few realize that Jim L. McEnerney of Kansas City is also an excellent example of how to age healthily and stay in shape. His doctors have found that he remains trim and in great shape well past his 40s.

How does he stay fit? Jim L. McEnerney contributes his fitness to his love of lacrosse. As both a player and a coach, he has enjoyed this competitive event for years and has used it to stay in shape and fuel a competitive spirit. Jim L. McEnerney of Kansas City believes that those who enjoy sports have a naturally strong competitive drive that makes it easier for them to succeed as people. 

However, Jim L. McEnerney of Kansas City also believes that lacrosse is a great way to fight obesity. In this very athletic sport, players will run nearly as much as those in a soccer match and work their arms as they yield their throwing gear. Jim L. McEnerney believes that lacrosse is one of the best full-body workouts a person can utilize and suggests a few tips for those who want to get started. 

Jim Mcenerney

Tips for Starting in Lacrosse

Those already suffering from obesity before they begin their new lacrosse hobby should visit a doctor before they start, Jim L. McEnerney of Kansas City suggests. This sport is very demanding on the body and may be too hard for some people to handle right away. A stress test is critical, he states, as it can gauge whether a person’s heart will be strong enough to handle this competition. 

And when an individual is ready to compete, Jim L. McEnerney of Kansas City suggests seeking out clubs that are looking for new players or willing to slot somebody in as a replacement. Often, these leagues have beginner teams that focus on teaching the sport and its many unique elements in a fun and engaging way. Typically, these leagues are very welcoming and friendly. 

When playing, James L. McEnerney suggests focusing on learning how to manipulate and throw the ball first. Practice with targeting throwing to get a good idea of how to place the ball exactly where you want it to go. It would help if you also were working on your cardiovascular health, James L. McEnerney states, but that will come with time and help you lose weight quickly and easily. 

Jim L McEnerney

Jim L. McEnerney Discusses How Lacrosse Players Can Practice During the Pandemic

The Pandemic Might Require Social Distancing but Jim L. McEnerney Shares Ideas on How Lacrosse Players Can Still Practice

Many lacrosse players have had to re-think the way that they practice due to the COVID-19 pandemic. Coaches around the country are getting creative to ensure that players focus on their skillset. Jim L. McEnerney of Kansas City, a lacrosse coach that has had an NCAA National Lacrosse Championship Team, explores some of the ways that players can practice.

Jim L. McEnerney explains that one of the best ways for players to make use of social distancing is to focus on their stick work. Various drills can be done to improve progressions. Jim McEnerney also recommends that players look at YouTube and the US Lacrosse site to watch videos. Players from national teams are offering plenty of tutorials and drills that can be followed.

Although teams cannot meet on the field, they can still communicate. Jim McEnerney of Kansas City says that a significant amount of the performance on the field has to do with the way that a team is able to bond off the field. As such, lacrosse players should be communicating with their teammates on a regular basis. Coach Jim L. McEnerney recommends setting up Zoom calls so that players can catch up socially and also talk about what they’re doing in order to improve their skillsets.

As many parks around the country are starting to open up again, Jim L. McEnerney has talked about going out to the open spaces in order to focus on partner passing and coaching. This can be done as a meet-up with another player or by asking a parent or sibling to help. It is possible to maintain a six-foot social distance, though it can add an extra dimension to practice because of having someone to work with.

There’s also some practice that can be done indoors. Jim McEnerney of Kansas City, who has coached on a high school level for years, recognizes how video games have been able to help. Many of his players will use PS4 and other game consoles to work on the overall field dynamics. It can make it easier to understand the rules and see how different strategies can be effective on the field. Jim L. McEnerney suggests such games as NLL Lacrosse and Casey Powell Lacrosse 18.

Jim McEnerney of Kansas City understands that players are frustrated that they cannot get out and play in their championships or even have a friendly scrimmage in a local park. However, he says that it’s critical for lacrosse players to continue practicing and training in order to keep their skills as sharp as possible.

Jim L. McEnerney is based in Overland Park, Kansas. He is the Director of Marketing for the McEnerney Group. Additionally, he has been named Coach of the Year for his time that he spent with the Notre Dame de Sion High School lacrosse team.

Jim Mcenerney

Investing in a Downturned Economy: Jim L. McEnerney Offers Tips

Jim L. McEnerney Recommends that Investors Explore How to Turn the Downturned Economy into Opportunity

The U.S. economy has taken a significant beating since the start of the COVID-19 pandemic. With health experts now talking about how it may be up to two years before things return to normal, investors are asking how to make the most of the downturned economy. Financial advisor Jim L. McEnerney has some suggestions on how to make the most of the situation.

Jim L. McEnerney recommends that anyone looking to invest during the pandemic should do their research. It can be tempting for many to throw money into a company that has seen a significant drop in its stock. However, Jim L. McEnerney warns that it could take months if not years for a company’s stock to get back up to where it used to be. As such, an investment may not show any real progress for at least that long.

Jim L. McEnerney suggests that the first thing anyone does is set aside an emergency fund. Those who have never invested in anything need to consider how their money is being used. With such an uncertain market, people should have a lump of money in savings prior to making any investments. Even the soundest investments can be a gamble, explains McEnerney.

Another thing that Jim L. McEnerney recommends is to not create debt in an effort to get in on some of the investment opportunities. This includes not getting into any kind of situation where credit cards are being used to buy stock or a loan is taken from one’s retirement account.

If a stock market platform is going to be used, Jim L. McEnerney suggests doing one’s homework. Not all platforms charge the same per trade. Especially if an investor is looking to get into day trading where multiple transactions are going to be made a day, it’s worth comparing the platforms. Additionally, some platforms offer free trading as well as added research to help identify where the best opportunities lie.

Perhaps the biggest tip that Jim L. McEnerney has is to understand the volatility in the market created by the pandemic. Some industries are going to recover faster than others. Stocks within the tourism industry have dropped significantly but that industry is also going to be one of the last ones to recover due to efforts of social distancing.

Jim L. McEnerney has been in the financial advisory industry for over 30 years. He holds a BA in Economics from Roanoke College. He has spent several years advising his clients on how to create substantial wealth and preserve it.

While Jim L. McEnerney acknowledges that the current state of the economy is not ideal for investing, he does recognize that there are opportunities available. He recommends investors speak to a financial advisor prior to making any large investments.

Jim McEnerney Kansas City

Jim McEnerney Discusses What the Coronavirus Pandemic Means for Stock Market Investors in the Years to Come

Marketing director and CPA Jim McEnerney discusses what the Coronavirus pandemic means for stock market investors this year and in the future.

CPA and Marketing Director of The McEnerney Group, Jim McEnerney, recently discussed what the current Coronavirus pandemic means for the stock market and how that will affect future investments, savings, and more.

Jim McEnerney Kansas CityIn a recent newsletter released by Jim McEnerney, he states that this pandemic will pass with less overall economic damage than was expected. Similar to other disasters in recent years, those who stay on path, following their plan, and practicing patience will continue to come out on top. In fact, Jim McEnerney states that overall earnings are continuing to improve.

“With more than three-quarters of Q4 results already in, one can confidently surmise that overall earnings picture continues to improve,” Jim McEnerney says. “As we indicated here last week, these quarterly results continue to show earnings growth on track to turn positive in Q4 and momentum on the revenues side.”

Jim McEnerney does, however, state that the virus will slow the trend of improvement for one or two quarters. He explains that investors are in for a choppy ride, and while the future is always uncertain, this market fluctuation, and the virus causing it, will eventually pass. Jim McEnerney expresses that many of the issues we’re seeing now are due to a lower demand, as citizens are responsibly staying home to combat the virus, and ultimately, spending less money.

Jim McEnerney Explains the Impact of the Virus

“The impact of the virus is more about supply-chain management and (temporarily) suppressed demand – than operational or market-related issues,” Jim McEnerney says in his recent online releaseTough Lessons.”

He states that we should expect fears to rise and for headlines to be dark for the immediate future, but we should remain optimistic in the long-term. He describes that the media is continuously perpetuating the idea that the market is collapsing with no end in sight, but that if investors stay focused on the main goal, they don’t have to spend their days worrying about impending market doom. He reminds us that every person who will be driving the United States economy for the coming 50 years is already living, and they will be spending again in the not-so-distant future.

Jim McEnerney acknowledges that this “sit and wait” strategy of having patience and staying on the original path sounds extremely boring. However, he describes that this boring path is the most effective one over time.

Jim McEnerney

Jim McEnerney Provides Little-Known Strategies To Save Big in the Years Leading Up to Retirement

If you are trying to save money in your day-to-day life, or if you are looking for ways to bolster your retirement income, you’re probably sick of hearing tips like “Brew your own coffee at home instead of going out for pricey lattes” or “Use cash-back apps to earn points and rewards every time you shop,” says Jim McEnerney. As useful as these tips might be for twentysomethings who are just starting out, they are old hat for you — and probably won’t save you significant amounts anyway.

Certified Financial Manager Jim McEnerney has rounded up a couple of tips that may be more appropriate to your age and your financial situation. Take a look, and you could find yourself saving money faster than you can say “OK Boomer!”Jim McEnerney

Stick to Stock Donations

Making a sizeable charitable donation? Jim McEnerney suggests that if you want to donate several thousand dollars’ worth of assets or so, consider donating stock that you already have in your portfolio rather than writing out a check for the amount. The advantage of that strategy? You will save by not having to pay capital gains tax. That means you can give a larger total amount to the charity of your choice, without your pocketbook having to take a hit.

Jim McEnerney explains that this does depend on your tax bracket, of course, but it’s worth looking into.

Give Yourself a Tax Break

Property taxes can take a bite out of your annual income, Jim McEnerney explains. If you are over the age of 65, however, it’s possible to carve out some serious cash by looking at exemptions. Almost all states offer some type of break on property tax for homeowners in this age group. Among the possibilities are tax rate freezes, caps on assessed value, or rebates. Ask your financial advisor, or do some research online. Naturally, it’s impossible to estimate how much you might save without looking at your particular situation, Jim McEnerney says, but it could be several thousand per year — plenty for a nice vacation, a couple of trips to visit the grandkids, or just to sock away for the future.

Mitigate that Mortgage

Jim McEnerney’s last little-known tip for substantial savings in the lead-up to retirement is to consider shortening your mortgage period. This can be an especially smart strategy if you’ve got extra income to spare now but want to safeguard your financial future.

Take a look at the interest rate you’re paying now on your 30-year mortgage. Then compare that to the rate for a 15-year commitment. Chances are there’s going be a substantial difference, but that the increase in your monthly payment might only amount to a couple of hundred dollars if you make the switch. Tighten your belt a bit now, advises Jim McEnerney, and you could save yourself a bundle in interest down the line.

Jim McEnerney

Jim McEnerney Reveals the 5 Most Important Tax Tips for Good Financial Health

By now, you’ve probably broken one or more of your New Year’s resolutions. College kids have gone back to school – and many have already started counting down to spring break. Guacamole Day is almost upon us – and, oh yeah, there’s some kind of football game happening that evening, isn’t there? Unfortunately, it’s also that time of year when you need to start thinking about your taxes.

Jim McEnerney

We asked Jim McEnerney, financial advisor extraordinaire, to give us some of his top tax-related tips to help you survive the season with as little stress – and as much money staying in your pocket – as possible.

1. Don’t Not File

Most folks who expect to get a check from the government probably don’t delay filing their taxes. But those who aren’t sure how last year’s finances will shake out, or who know they’re going to owe Uncle Sam, might be tempted to stick their head in the sand until tax season is over.

Jim McEnerney cautions that filing your taxes and paying your taxes aren’t the same. Legally, you have to file a tax return. You could face civil and even criminal charges if you do not. Even if you do not have the money to pay those taxes, it’s imperative to file anyway.

In most cases, the government will work out an arrangement with you, usually by granting an extension. So there’s really no reason to risk the consequences of not filing.

2. Report All of Your Income

Here’s another area, Jim McEnerney says, where people sometimes think they can fudge the numbers or “forget” about some of their taxable income. McEnerney cautions you not to make that mistake. Remember that employers, financial institutions, and any entity that you’ve done business with during the previous fiscal year are required to provide both you and the IRS with proper documentation. So unless you were paid under the table (which is against the law, of course), there’s a record of all wages, payments, and other monies that you have received. That means Uncle Sam will know about it. (Somewhat like Santa, he sees you when you’re earning; he knows when you’re employed.) Eventually, the IRS will catch up with your undeclared income, and you’ll have to pay the taxes – as well as a penalty.

Neglecting to report income could result in criminal charges such as willful evasion of tax or failure to supply information, among others.

3. Be Smart About Deductions

There are two kinds of people in the world when it comes to deductions: those who scour their records looking for ways to get a leg up each April, and those who are content to take the standard deduction because they don’t think that investigational effort will be worth the payoff. Jim McEnerney encourages his clients – and you – to become the first type of person. You may discover that a little detective work will yield some very pleasant surprises.

Technically, there is a third category, and these folks might the smartest of all. They’re the ones who hire a financial advisor or tax preparer to scour their records for them – it’s the best of both worlds. These experienced professionals can also tip you off to little-known deductions that might apply to your situation.

4. Get Tax Credit Where Tax Credit’s Due

Deductions are used to reduce the amount of income that you can be taxed on, while tax credits directly offset the amount you owe. Dollar for dollar, they are therefore more valuable.

In addition to tax credits for dependents, there are also credits for adoption expenses, energy-saving appliances, some health care costs, saving money for retirement, and even hiring military veterans.

5. Maximize Expenses Whenever Possible

If you operate a non-incorporated business, remember to maximize your business deductions. Jim McEnerny advises that some of the expenses that you can claim include:

  • Wages and benefits paid to others
  • Rent and utilities
  • Products purchased for resale
  • Cars or vans used for the business
  • Office furniture
  • Computers and associated costs
  • Office supplies
  • There’s No Need to Dread Tax Season

Unfortunately, Jim McEnerney explains, far too many people consider tax preparation to be a chore at best, and a traumatic experience at worst. For that reason, they tend to speed through the process as quickly as they can, simply to get it all over and done with.

But it doesn’t have to be that way. If you slow down and approach the task carefully and systematically – or if you rely on the services of a professional – this transaction with the government can be made much more manageable and even lucrative!

What to Do with Your 401(k) When You Leave a Company According to Jim McEnerney: Part II

Jim McEnerney of Kansas City
Jim McEnerney of Kansas City

Welcome back to this two-part article, in which financial whiz Jim McEnerney of the investment advisory firm The McEnerney Group explains what can be done with 401(k) funds that are associated with a previous position. In Part I of this post, McEnerney discussed two of the four options for dealing with an old 401(k): leaving it where it is or moving the funds to your current employer. Today, we’re taking a look at the other two options.

Option 3: Indirect Rollovers

What can you do if you don’t want to leave your 401(k) where it is, with your former employers, nor transfer the money to an account associated with your current job? A new 401(k) might not even be possible; perhaps you have decided to work as a freelancer or independent contractor, your new employer doesn’t offer it, or you’re retiring.

An indirect rollover is one way to go, explains Jim McEnerney, but it’s a bit (OK, a lot) tricker than its direct counterpart. With this option, you receive a check for the amount in your account, but then you’re obliged to take care of moving the funds into the new 401(k) or to an IRA. Fail to do so in a timely fashion, and you’ll be on the hook for income tax as well as a 10% penalty tax.

In addition, your former employer will deduct 20% of the distribution for taxes, and therefore you will be responsible for covering the shortfall in order to roll over the entire amount of your assets. You’ll get it back come tax time, but it may represent a hardship to part with that much cash even temporarily.

However, Jim McEnerney says, it doesn’t really make any sense to take this option if you’re moving savings into a new 401(k); there’s just too much risk that something will go awry. If you can afford to front yourself that 20%, however, consider establishing an IRA. All of your separate 401(k) retirement accounts, if you have more than one, can go into the IRA. So can future savings. An IRA will also afford you more freedom to invest your money as you wish.

Option 4: Taking a Cash Distribution

Lastly, you can opt to cash in the 401(k). It is a tempting option, to be sure, but it’s really a hail mary; unless you are facing a true financial hardship that could be solved with an infusion of cash — we’re talking eviction, foreclosure, or repossession here, not “it’s been a while since I’ve had a vacation” or “wouldn’t a new Range Rover be nice” — don’t even consider a cash distribution.

According to Jim McEnerney, here are a few reasons to avoid this scenario, and they’re all very good ones. First, this is your retirement we’re talking about here. Even if your financial future is bright, and you anticipate being able to sock away plenty of money to replace your existing 401(k) by the time you are ready to retire, you will still be losing the interest and dividends that your savings are currently reaping.

On top of that, you will have to pay taxes on your funds if you take the cash value. The sudden spike in your “income” may also be significant enough to push you into a higher tax bracket. If you are under the age of 59½ , the IRS will also slap you with a 10% penalty tax. In some situations, you could see the value of your 401(k) plummet, slashed almost in half by taxes and fees when all is said and done. If you truly need the money, you may be willing to forfeit that amount; otherwise, it’s just a dumb decision, plain and simple.

Wrapping Up with Jim McEnerney

Naturally, there are many factors to consider when making a decision about an old 401(k) account. No one solution will be right for everyone. Jim McEnerney recommends doing plenty of research, speaking with your financial manager, and exercising caution before making your choice.

No matter which of these alternatives you opt for, be sure you understand all of the potential penalties, tax burdens, requirements, and restrictions. The last thing you want is to pay taxes or face a financial penalty because you rushed through the decision.

Jim McEnerney

James McEnerney Advises on What to Do with Your 401(k) When You Leave a Company: Part I

Was one of your New Year’s resolutions to get your finances in order? Or have you recently accepted a position with a new employer? Either way, you’re probably wondering what to do with old 401k accounts. We asked James McEnerney, Director of Marketing for investment advisory firm The McEnerney Group, for some expert advice. There are essentially four different paths you can take with a 401(k) account that was established by an old employer. In this post, we cover two of those four options; next week, we’ll tackle the remainder in Part II.

Jim L. McEnerney

First and foremost, McEnerney emphasizes the importance of a careful decision. Of course, no action you take regarding your finances should be poorly considered or impulsive, but when it comes to your retirement savings, choosing the wrong route can cost you – big time. So be sure to research the topic thoroughly, take some time to read up on the options, and consult with your financial advisor to learn if your personal circumstances might point you in a particular direction.

Option 1: Leave Your 401(k) In Place with Your Previous Employer | Jim McEnerney

According to James McEnerney, the first option is a form of benign neglect; you simply leave your 401(k) where it is. Why might this option be beneficial? It’s less work than the other possibilities, to be sure, but you may simply be happy with it. If the fees are relatively low, and/or if you like the investment options it offers (such as access to institutional share class mutual funds and low-cost index funds), then treat it like the proverbial unbroken toaster and don’t bother trying to fix it.

Another potential advantage has to do with a lesser-known provision of the IRS called “separation from service.” It allows you to start taking distributions from your plan, penalty-free, if you leave that company in the same year or any year after you turn 55 (age 50 for police, firefighters, and medics).

In most cases, you’ll need a minimum balance to leave your 401(k) in place – usually $5,000. James McEnerney cautions you to double-check with your former employer.

Bring the 401(k) Assets Along to Your Current Employer

Then again, that option might not be so simple after all. Since you will no longer be making contributions to that fund, the retirement savings from that particular 401(k) could very well languish in obscurity. You could even forget about it, especially if it’s a drop in your financial bucket – but of course, every drop counts. So why not streamline things and transfer into your current employer’s plan?

If the new plan allows borrowing from your assets, the logic of merging the two accounts makes a good deal of sense, explains James McEnerney, as it will provide you a larger base for that loan.

First, find out if the employer offers a defined contribution plan, usually a 401(k) or a 403(b), that accepts rollovers. If you have already decided that you are pleased with the new plan’s investment options, then it’s time to contact your current employer’s HR department. Once they provide you with the instructions to complete a rollover transfer and acquire the necessary details from you, get in touch with the folks at your former company to initiate a direct rollover or a trustee-to-trustee transfer.

Next week, in Part II of James McEnerney’s primer on how to handle 401(k) accounts from previous jobs, we’ll take a look at the other two options: an indirect rollover or taking a cash distribution. Stay tuned!

Jim McEnerney - Supernova Model-min

Jim L. McEnerney Explains the Supernova Model

Jim L. McEnerney, Director of Marketing for The McEnerney Group, has been in the financial advisory game for years, and he’s got the experience and skills to prove it. Out of all his accomplishments associated with financial advising, mastering the Supernova Model and subsequently introducing it to districts all over the country is among the top.

Jim L. McEnerney worked for the prestigious Merrill Lynch (now known as simply Merrill, legally known as Merrill Lynch, Pierce, Fenner & Smith Incorporated), a wealth and investment management company. Working for Merrill Lynch, Jim L. McEnerney was the recipient of the Downey’s Award, promoted to the Midwest region “A” team, and received a performance rating of “far exceeds requirements”.

The Supernova Model, Jim L. McEnerney explains, was first implemented by financial advisors of Merrill Lynch. Rob Knapp, the leader of this movement, went on to author two books on the subject: The Supernova Advisor, and The Supernova Multiplayer: 7 Strategies for Financial Advisors to Grow Their Practices.

In a nutshell, the Supernova Model, Jim L. McEnerney clarifies, is about reducing the number of your clients based on the 80/20 principle: 80% of a company’s profits come from 20% of their clients. Going along with this line of thinking, the focus should be made on that 20 % of clients in order to maximize the amount of profit you can obtain from them. This isn’t to sound too impersonal, Jim L. McEnerney says: by placing your focus on a smaller amount of clients, you gain the opportunity to build longer-lasting, more solid relationships with them based on trust and continued business.

Jim McEnerney

In shifting your company’s focus, Jim L. McEnerney tells us, there must come a sacrifice. You can’t expect to retain the same number of clients while deciding to ignore a large portion of them-following the Supernova Model, you’re expected to drop a significant portion of your clients in order to properly refocus your efforts into your quality clients. This may seem a bit counterintuitive, Jim L. McEnerney admits: having fewer clients just doesn’t sound ideal for a company on paper. However, when you realize the name of the game is quality over quantity, and begin to see real financial successes based on these changes, you’ll have no doubt in your mind that the Supernova Model actually does work wonders.

The Supernova Model also extolls the 12/4/2 contact rule, Jim L. McEnerney teaches. This rule states that each client should have at least 12 scheduled contacts per year, with 4 of those contacts involving quarterly reviews, and at least 2 of those contacts being face-to-face meetings.

Of course, there’s a lot more to it than this simple explanation, but the basic gist of it is easy to grasp. Having introduced this business concept to districts country-wide and witnessed the fruits of his labor for himself, Jim L. McEnerney is proud to say he is a huge proponent of this system.