Business

Xander Neff Helps with Taking the First Step

Published

4 years ago

October 7, 2020

Take it from the guy who literally had to learn to walk all over again in his late teens; first steps are hard. Xander Neff knows all about it. He wouldn’t let the hardship stop him–he never did with whatever he was going through–but he could understand why a new beginning might give people some pause.

He’s had a few new beginnings of his own. As a kid, he did every job he could find, juggling as many as three at one point. Then after the accident that paralyzed him from the waist down, he decided to join the Army once he was well enough.

Then, when the Army thing didn’t pan out because of another injury and he wound up homeless, he had to make one more first step and move out of his car and into hotel rooms while on tour with Girls Night Out the Show. Those are plenty of very difficult firsts packed into his young life. Here’s what he’d say to others about the lessons it taught him.

Defining the Biggest Challenge

Different fitness, entrepreneurship, and any other kinds of gurus will focus on different areas when looking for the biggest challenge for starting a business or any other kind of endeavor. Xander uses a football analogy to explain his philosophy.

“In football, it’s not having the quickest 40-yard dash that makes the best player,” he explains. “The best player is the man that, within the first 3 steps, is already a mile ahead of his opponent with a vision of drive and determination that will get him to the end zone.”

It’s those three first steps that determine the player’s direction, intent, drive, and every other trait that will bring them to the end zone. So as someone who is trying to translate this into the world of business, it would be best just to stick to the basic tenet of not going into it blind. Having the idea–those three steps that will chart a direction–can mean the world.

Getting the Right Mindset

Unfortunately, it’s impossible to avoid talking about mindset when trying to help people get out of a rut. Mindsets are important, no matter how often they’ve been an abused concept to spew all kinds of nonsense.

With Xander, the nonsense is nonexistent. It’s pretty simple. Failure doesn’t exist; there are just opportunities to learn. As a master of reframing himself, it’s easy for Xander to say this. But it gets even better because he would also advise looking for other common “opportunities to learn.” Creating a picture from different learning curves can create a pretty accurate image of what it takes to succeed in any endeavor.

So how does one take that first step? It’s easy. First, make sure that all the steps that have to happen before the first step are done. Next, have a clear vision of the past, the future, and as many variables as possible; that can make all the difference. Finally, going into it, even knowing that failure is an option is a key part and the best thing about making that first step.

You can follow Xander Neff on Instagram at @xander.fit.

Business

Retire Smart, Save More: How MDRN’s Virtual Planning Model Can Slash Retirement Costs

Published

3 days ago

October 8, 2024

Rosario Farell

The media is calling it a “retirement crisis.” Millions of Americans are arriving at retirement age woefully unprepared.

Some studies suggest that 45 percent of the Baby Boomers have no retirement savings, while 28 percent of those who have started saving have less than $100,000 put away. Consequently, many Americans now living in retirement or approaching that season are looking for ways to cut back on their expenses.

Aaron Cirksena, founder and CEO of MDRN Capital, has a solution for those looking to retire smart and save more. His firm’s completely virtual model increases retirees’ spending power by decreasing the fees associated with retirement planning.

“Our unique approach to providing retirement planning services allows our clients to experience significant savings when compared with the traditional model of investment management and retirement planning,” Cirksena shares. “When we did away with the overhead expenses that stem from operating a brick-and-mortar office, we were able to create a fee solution for our clients that is lower than the typical advisor. On average, our fees on the entire client portfolio tend to run 30 to 40 percent lower than the typical advisor operating under a conventional model. Additionally, we can provide services like estate planning, tax planning, and tax preparation at no additional cost.”

MDRN Capital is revolutionizing retirement planning by offering a comprehensive range of services, including income planning, investment management, tax planning, healthcare, and estate planning, in a setting that exceeds the efficiency and effectiveness traditional providers are able to offer. Unlike traditional firms, MDRN Capital leverages the power of digital tools to deliver comprehensive services without the need for in-person meetings, allowing clients to enjoy their retirement while their financial needs are expertly managed.

“My goal with MDRN Capital was creating a completely virtual firm that could more efficiently provide the convenience clients wanted while also meeting their ongoing investment needs,” Cirksena shares. “MDRN Capital’s virtual model empowers an environment in which we could serve our clients with less costs to the firm and pass the savings on to them.”

Financial planning for the new normal

MDRN Capital’s innovative approach to retirement advising emerged as a result of Cirksena’s experience during the COVID-19 pandemic. Due to social distancing, advising during the pandemic shifted to virtual appointments. When social distancing was no longer necessary, Cirksena expected his clients would resume their pre-pandemic patterns. He was wrong.

“My clients let me know they preferred the comfort and convenience of virtual meetings to the hassles associated with having in-office meetings,” Cirksena says. “They didn’t miss sitting in traffic and searching for parking spaces, and I couldn’t blame them. Even the clients who lived only a few minutes away decided they would rather meet via Zoom than have a face-to-face meeting in our nice Class-A office space.”

MDRN Capital was designed to meet the client expectations that emerged during Covid. By leveraging technology to take his services to his clients rather than expecting them to come to him, Cirksena made advising more convenient and more cost-effective at the same time.

Financial savings for struggling retirees

Recent studies show the high inflation the US has been experiencing has a larger than average impact on many retirees. In response, many are looking to tighten their belts by cutting back on spending, but reducing the fees associated with retirement accounts is something few consider.

“For retirees, lower gas and grocery costs are certainly helpful,” Cirksena says. “However, cutting their investment management costs in half puts dramatically more money in their pocket over time than lower prices on goods ever could.”

To understand the impact MDRN Capital’s approach can have on retirees, consider that $250,000 earning seven percent over 20 years will grow to $967,421.12. Factor in a 1 percent fee, and growth is limited to $801,783.87, but raising the fee to 2 percent causes earnings to fall to $721,034.70.

Cirksena points to his industry’s failure to embrace modern technology as one reason why investment fees remain high.

“Unlike many industries that have used and adopted technology for decades to help lower costs and make services more efficient, the financial services sector has lagged behind,” he explains. “Many firms continue to incur unnecessary overhead and expenses, which their clients pay for in the form of elevated fees.”

The virtual investment environment Cirksena has created moves retirement planning into the future. It provides a financial service experience that is convenient, comfortable, and efficient while also ensuring that none of its clients’ investment potential is wasted on unnece