Tax Attic July 25, 2013

Jerry Coon
Jerry Coon

I finally got to visit New York City. Deb has been there a couple of times but I just haven’t had the opportunity to get there. Even though it was approximately 100 degrees daily, we saw sights that can be seen only in New York. It was definitely worth the wait. We toured Liberty Island, the home of the Statue of Liberty. I wondered if it would be as impressive in person as it is in the magazines and brochures. It was more impressive in person to me. At the time of construction, it was the highest standing structure on the east coast. I can only imagine what it must have looked like before the copper oxidized into the present green. The sun reflecting off the bright copper must have been truly magnificent. All of us, but particularly the millions of immigrants whose first sight coming into the harbor was the Statue of Liberty owe a debt of thanks to the French for their gift. With that sight, they knew at long last they had arrived in the land of the free and the land of opportunity. The 9/11 Memorial was fascinating. Deb had visited it not long after the attack occurred and wondered what it would look like as it stands today. Where there were just enormous holes previously, there are now twin square water-falls and reflecting pools surrounded by the names of the victims of terror and 400 white oaks and one pear tree. There are more improvements to come and a museum yet to be finished. It’s taking time but it looks like they have a great plan.

Central Park was interesting. Where else would you find a polar bear exhibit, a penguin exhibit, a sea lion exhibit, petting zoo, and over 800 acres of green-space, all in the middle of a city of skyscrapers and concrete? The polar bear looked a little stressed but I’m not sure it looked any more stressed than me! I can see why, however, people line up to get a seat just to people watch. Times Square is smaller than I imagined and Rockefeller Center is darned small but all of it is much more crowded than I imagined. The M&M store should consider asking the Book of World Records people for a world’s record for the most people fitting into an M&M store. We did see a play, “Rock of Ages”, and Deb saw “Newsies” in the theatre district and we had a beer at the only local brewery we could find, Heartland Brewery. All in all, we had a great time, but I’m quite sure Deb will make it back to New York before I do.

We were actually in New York to attend the 2013 International Financial Planning Conference for Money Concepts Capital Corporation, the financial planning company for which I am a Registered Representative. Money Concepts was founded by Jack Walsh in 1979. After a long war with Parkinson’s, Jack passed away last September 6. This was the first conference without Jack’s presence but not his influence. Truly great leaders have a way of continuing to influence those around them even after they are no longer physically walking on this earth. Jack was one of those truly great leaders. His son, Denis, has effectively carried on as President and CEO of Money Concepts, having moved into those positions of authority and responsibility since joining Money Concepts in 1981. Over the years, the closing comments given by Jack and Denis at the various annual conferences have centered on Jack’s five points of “What Makes a Professional a Professional.” In a tribute to Jack, Denis ended this year’s conference itemizing Jack’s timeless thoughts on this topic. Here are the attributes of “What Makes a Pro a Pro”.

1. Professionals have an enormous conviction for success. Failure is not an option for a pro. It’s just another experience in learning to control attitude and creates a double resolve to move forward toward success.

2. Professionals like money and like to earn it because of what money can do. They enjoy using money not only to help others; do nice things with their family; but also to become benefactors to others.

3. Professionals have a high capacity to work to get projects completed. They do the right things. They do productive things. They work by the project and not by the hour.

4. Professionals are long-term students of the game. Whatever the profession, pros, through-out their career, continually strive to improve personally and professionally. As long as they are working, they are educating themselves and encouraging others around them to keep improving themselves as well.

5. Professionals have an organized vision of the future. They are able to see things that have not happened as yet. They are able to make adjustments to their vision that have to be made in order to keep the organized vision in context to current and future events. By following these five points, success, while not guaranteed, certainly becomes more obtainable. Thank you, Jack and Denis. This is Jerry Coon signing off.



Jerry Coon is an Enrolled Agent and

a Registered Tax Return Preparer.

He owns Action Tax Service on

Northland Dr. in Rockford.

Contact Jerry through his website:

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