Dont Let Healthcare Layoffs Affect You – Post 225

I wanted to talk with you about some stories in the news recently. One of KY’s largest hospital providers made an announcement recently that it will be doing some layoffs as a result of the affordable care act. A couple days ago they finally released some figures on the cuts. They will be cutting about current 500 employees and will eliminate about 200 vacant jobs as well.

That got me looking into layoffs in the healthcare field in general.  I found that KYOne is not alone. A hospital chain in Las Vegas announced that they will lay off 40 nurses in addition to 100 other staff. The Cleveland clinic is eliminating 3,000 jobs. And it is estimated that the medical device sector will be losing about 33,000 jobs as a result of the affordable care act.

What is significant about this is in general the healthcare segment has been exempt from this type of cutback in previous down economies. In fact with the affordable care act, because of the increased number of people having access to healthcare one would expect the hospitals would need to be adding to their staffs. Predictions are that there will be a shortage of needed healthcare workers yet these hospital chains are cutting back. Primarily the cut backs are a result of the reduction in reimbursement expected under the affordable care act.

Healthcare isn’t the only sector announcing cutbacks in February of this year. According to government figures 65% of small business will see a significant spike in the premiums for their health insurance plans as a result of the affordable care act. This will affect the insurance of more than 11 million people.

The wall street journal says that 1 out of 6 men between 25 and 54 have no jobs right now. That is about 10.4 million people. They went on to report back in January that the actual unemployment rate hit a record 37.2%

So just how bleak is it really. Well I did a Google search of layoffs for 2014. Here are the ones that were announced just in Feb 2014.

KY State police – 20
Jefferson Co Teachers – 41
KY  Coal 700 more and one major coal producer is filing bankruptcy
United Airlines – 470
LATA Environmental in Paducah, they work with the nuclear industry – 120

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Highmark – 132
Keystone Health – 250
Teva – 5,000
HP – 34,000
IBM – 13,000
Intel – 10,000
Dell – 15,000
Lexmark – 275
Sony – 1,000
Wels Fargo 700
JP Morgan – 17,000
Barclays 12,000
Citi Group – 15,000
General Dynamics – 730
SC Johnson – 400
Sikorsky – 600
Bust Buy – 2000 managers
Sbarro closing 155 stores – 1400
Radio Shack closing 500 more stores
Wal-Mart – 2,300 Sams employees
JCPenny – 2,500
Target – 1175 (500 at corp)
Cox Communications – 600
Verizon – 5,000
Time Inc. – 500
CNN – 40 journalist
Sprint – 500
NY Post – 500
Tribune – 700
Dept. of Defense
6,272 civilians
100,000 Army
50,000 Marines

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Is network marketing failing? – Post 220

I read some unfortunate news today about another fairly new network marketing company closing its doors. It’s unfortunate on many levels.

First of all on the broader scheme of things every time a company closes it casts a shadow of doubt on the industry.

Secondly many successful distributors, who have worked very hard to build their teams are suddenly left without an income source.

And third, for the new distributors with hopes and dreams of someday having success, they suddenly find themselves faced with the “told you so’s” of the people in their inner circle of friends and family. I want to address these issues in today’s post.

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Worried About Job Security – Post 178

On April 4 the PRNewswire did a report on how American workers felt about unemployment and their own job security. They reported that despite the reported gradual decrease in unemployment numbers that 56% of employees are worried about job and benefit security as they watch how their employers grappled with these issues.

PRNewswire went on to quote from the new Harris Poll Job Security Index which tracks American workers feelings on job security. The Harris Poll which was conducted in mid March found that:

  • Three out of four workers, that’s 77%, believe their benefits will be reduced especially their health benefits.
  • Three out of five or 64% believe their salaries will not increase.
  • 50% believe they will be asked to do more work for the same pay.
  • One out of five, that’s 20% say it is likely they will have their salary or hours reduced.
  • 14% believe they stand a chance of losing their job in the next three months.
  • And finally a whopping 32% believe if they were forced to look for another job in the next three months they wouldn’t be likely to find one.

Folks in the current economy the employer’s have all the leverage. They are faced with so many threats to their bottom line from increased government regulation, increased taxation, more fierce competition, and a reduced consumer base they have to watch their cost more closely than ever. Coupling those threats with the huge demand for employment; they are in the position to demand more productivity at lower compensation levels. Quite frankly there are a lot of people that are willing to work for less just to get a job.

Just to illustrate a point, I am a pharmacist. A few years ago there was a huge shortage in pharmacists pushing our salaries skyward. In fact, there was such a shortage I could walk into any pharmacy and demand a sign on bonus on top of a high salary and in most cases they would have paid it. Recently, because of a combination of few things, a huge increase in the number of colleges graduating pharmacist; a huge influx of pharmacists from over seas; and the affordable care act with all of its uncertainties on reimbursement for services, that huge shortage has now turned into a major glut of pharmacist.

Because of the glut of pharmacists new graduates coming out of school with higher degrees are accepting jobs for as much as $25,000 less than I was getting on my base pay. Add to that the cost of my benefits especially the multiple weeks of vacation time, despite the many years of loyal service and the loyal customer base I built, I had become a financial liability instead of an asset and like many others in the current economy, I lost my job.

Fortunately for me I was already exploring other possibilities to generate additional income.  I knew I did not want to remain in the high pressure world of retail pharmacy especially at a much reduced salary. Before losing my job I had already experienced a major reduction in pay, you see I worked on average 70 hours per week and they had already cut out overtime pay and many of the travel expenses I enjoyed. Just those cuts alone had already reduced my salary by nearly 20%. And now the base pay for new graduates was drastically less than I was making.

The salary and long hours away from home weren’t the only reason I didn’t want to return to pharmacy. I got into the business to help people get better. Instead, I was seeing the health of the patients that I really cared about gradually deteriorate and even though I knew there where better ways I wasn’t in a position to do anything about it.

So when I lost that job I knew what I wanted to do. I knew what industry I wanted to be a part of, and I knew what company within that industry I wanted to join. I spent all of 2012 exploring and learning everything I could from the top leaders and producers in the industry.

At the end of last year I secured commitments from the founder of the company himself to mentor me and teach me what I needed to know to build a team of people. A team to help others achieve financial stability and create the incomes they desired. By helping others I would be able to replace what I was earning as a pharmacist. Together we laid out a game plan for 2013.

I announced at the end of 2012 that 2013 was going to be the best year despite all the economic hardships. I expressed why I knew this it was going to be a success and then we put together a 90 day game plan for the first quarter of the year, executed that game plan and as of the end of March I exceeded all my expectations for the first 90 days. I now have a team of 141 distributors and customers located in 19 states and 2 foreign countries. My income has also jumped considerably but I have only just begun.

Now, with the help of the founder of this company and some of its other top leaders I have laid out another game plan for the second quarter. The founder has again committed to helping me in any way possible. And now I am ready to implement my aggressive plans for this new quarter. In fact the leaders are so sure of my continued success that they have committed to help me put on a major event in the third quarter to help my team celebrate their success.

Look I don’t know how to say this any more simply. We have put together a very simple to follow and simple to duplicate system for success. Let me try to illustrate it this way.

Can you make a better hamburger than McDonalds?

Can You?

Of coarse you can.

But let me ask you this, can you put together a more successful plan for success than what McDonalds did?

I doubt it.

You know why their business model is such a success?

Because it’s duplicated throughout their entire organization. If you want to have a successful hamburger franchise then invest half a million to a million dollars and follow their system to a T and you will have success. I can’t remember a single McDonalds in my city ever going out of business even though many of the other well known franchises have.

The leaders of my company have done the same thing; we have simplified our system and made it easily duplicable. We’ve implemented a compensation plan that is very lucrative. It not only pays well for the seasoned veterans of our company but it is also designed to help the newest leaders create a profit quickly as long as they follow the system.

In fact the car bonus is so easy to reach we recently had a 19 year old college student from Kansas earn the car bonus in less than 2 weeks. Of coarse his results aren’t typical but they are very possible.

Folks, all I need now are some leaders to take charge and teach others how to duplicate our success. I can’t take my business to the next level alone.

Whether you are looking for a part time income, we’ve got it.

If you are looking for a full time income, we’ve got it.

If you are looking for an income to take your life to the next level then we’ve got that also.

The best thing about our system is that it can be implemented around whatever line of work you are doing now on a part time of full time basis. I need a team of outgoing people that are willing to role up their sleeves and commit with me to do exactly as I train them so we can help as many people as possible to improve their financial situation and to improve their health at the same time.

If you are willing to follow me then you don’t have to become one of the employment statistics I mentioned before. I am scheduling meetings in various cities so people can come and learn about what I’m doing and how my team and I can help you achieve your financial goals as well. Contact me so I can help you get started on the road to success. If you have any questions or would like information about building a team near you feel free to complete the contact form and we will get with you as soon as possible.

Let me and my team show you how you can get healthier, create more time freedom and show you were to get the additional income needed to accomplish both. Don’t be one of the statistics; let us show you that there is a better way.

Trends and Timing – Post 095

Trends and Timing

Market Convergence With the Baby Boomers

Baby Boomers historically drive industries. Between 1946 and 1964 over 76-million babies were born in the United States. Companies such as Gerber, Johnson&Johnson and Mattel experienced incredible growth. As these babies began to age, McDonald’s was founded and Levi Straus got its start. Remember the hula hoop and Schwinn bicycles? As the Boomers entered their late teens and early 20’s, the “Big 3” of the American automotive industry saw their biggest growth ever!

The baby boom lasted 18 years. When the oldest Boomers were turning 18, the youngest were barely being born. They weren’t in the same market then or even a decade later. However, this year the Boomers range from 35 to 53. As they start to share similar tastes, we are experiencing market convergence.

Most department stores carry cosmetics on the first floor. Why? Because they sell. As the Boomers age, experts predict the skin care market will grow roughly 300% in 10 years. An industry that is experiencing even greater growth is HEALTH CARE. As people age from 35 to 45 are they more or less concerned about their health? As they age from 45 to 55? From 65 to 75? Can you see where this market is heading? Experts predict that this market will TRIPLE IN 5 YEARS!


Practically everyone in America will be affected by this trend. You can:

  • Sit back and do nothing while your health gradually slips away
  • Spend more to maintain good health, or
  • Take advantage of this growing trend and become more healthy while building an income stream!

Home-Based Business

Most of us know someone who would like to earn additional money and have more time freedom. Many of these people are getting involved in home-based businesses. According to D’Arcangelo, author of Wealth Starts At Home, home-based businesses are increasing 15%/year. By the year 2000 you might see up to 1 out of every 3 households involved in some form of home-based business. You can’t get involved with a better home-based business than Youngevity!

Health Sales!

According to the Direct Sales Association, in 1995 total wellness product sales were $1.65 billion. By 1998 total wellness product sales were $4.15 billion (251% growth in 3 years).

Experts predict that in 5 years people will be consuming 3 times as many mineral, vitamin, and nutritional supplements as they do today. What would McDonald’s do if it knew that in 5 years people are likely to be eating 3 times as many hamburgers as they do today? Similarly, knowing today that in 5 years people might be using 3 times as many mineral, vitamin, and nutritional supplements than they are today, in what industry should you position yourself?


Harvard Business School, in its course on network marketing, teaches that companies go through 3 basic phases: formation & concentration, momentum, and stability. Most network marketing companies (98%) fail during the formation & concentration phase.

The “stability” phase is where a company has everything completely ironed out and grows little by little (i.e. 10%/yr.).

The biggest growth occurs during the MOMENTUM phase – where numerous companies have grown from $50-million/year in sales to over $500-million/year in less than 2 years! During this time distributors have seen their incomes double, triple, and even grow 10-fold! So when does momentum happen? Harvard Business School predicts momentum occurs when a company is at least 18 months old (having survived formation & concentration), and has around 100,000 distributors. The rumblings of this growth are already beginning to be heard!

Position For This Growth Now

The best way to capitalize on this wave is to position yourself ahead of it and “catch the wave” of growth. This window of opportunity offers the greatest returns on your efforts. There has never been a better time to get involved than today!

The only required cost to get started with Youngevity is a $10 enrollment fee, something you may have already paid if you are a wholesale buyer. In order to get your business started right, we recommend you obtain a Business Tool Kit as soon as possible.

Keith Abell, RPh CIP MI

The Biggest Scam in the U.S. – Post 034

The Biggest Scam in the U.S. 
I love this!
I was just on my Facebook wall and read something from my friend Tony had posted.  
This is SOOOOO TRUE!  And you are going to LOVE this, especially when ignorant idiots try to make fun of you for being an entrepreneur.  
He wrote: 
“The biggest scam in the U.S. is not a home business. The biggest scam is a college degree and the belief that getting a degree will necessarily get you a good-paying job. Today, U.S. student loans now exceed U.S. credit card debt. Over $800 Billion dollars owed.”
Now…don’t get my wrong.  I’m not saying college isn’t cool.  I loved college.  Hope my two boys go.  But…think about that.  People talk about home businesses being scams, but the REAL scam is teaching people how to go build equity in somebody else’s company, rather than do their own thing.

College teaches us to do what?  College teaches you how to go get a JOB.  College teaches you how to go earn a WAGE and work for someone else.  

Yes…other than our Social Security system, which I will NOT get into today, one of the biggest scams being perpetuated onto the public is the idea that if you go to college, invest tens of thousands of dollars, you can actually get a good paying job and live your dream.  
Kinda thought that was interesting.  Don’t you think?  Think I’ll stick to being an entrepreneur…how bout you?

12 Warning Signs of U.S. Hyperinflation – Post 029

One of the most frequently asked questions we receive at the National Inflation Association (NIA) is what warning signs will there be when hyperinflation is imminent. In our opinion, the majority of the warning signs that hyperinflation is imminent are already here today, but most Americans are failing to properly recognize them. NIA believes that there is a serious risk of hyperinflation breaking out as soon as the second half of this calendar year and that hyperinflation is almost guaranteed to occur by the end of this decade.
In our estimation, the most likely time frame for a full-fledged outbreak of hyperinflation is between the years 2013 and 2015. Americans who wait until 2013 to prepare, will most likely see the majority of their purchasing power wiped out. It is essential that all Americans begin preparing for hyperinflation immediately.
Here are NIA’s top 12 warning signs that hyperinflation is about to occur:
1) The Federal Reserve is Buying 70% of U.S. Treasuries. The Federal Reserve has been buying 70% of all new U.S. treasury debt. Up until this year, the U.S. has been successful at exporting most of its inflation to the rest of the world, which is hoarding huge amounts of U.S. dollar reserves due to the U.S. dollar’s status as the world’s reserve currency. In recent months, foreign central bank purchases of U.S. treasuries have declined from 50% down to 30%, and Federal Reserve purchases have increased from 10% up to 70%. This means U.S. government deficit spending is now directly leading to U.S. inflation that will destroy the standard of living for all Americans.
2) The Private Sector Has Stopped Purchasing U.S. Treasuries. The U.S. private sector was previously a buyer of 30% of U.S. government bonds sold. Today, the U.S. private sector has stopped buying U.S. treasuries and is dumping government debt. The Pimco Total Return Fund was recently the single largest private sector owner of U.S. government bonds, but has just reduced its U.S. treasury holdings down to zero. Although during the financial panic of 2008, investors purchased government bonds as a safe haven, during all future panics we believe precious metals will be the new safe haven.
3) China Moving Away from U.S. Dollar as Reserve Currency. The U.S. dollar became the world’s reserve currency because it was backed by gold and the U.S. had the world’s largest manufacturing base. Today, the U.S. dollar is no longer backed by gold and China has the world’s largest manufacturing base. There is no reason for the world to continue to transact products and commodities in U.S. dollars, when most of everything the world consumes is now produced in China. China has been taking steps to position the yuan to be the world’s new reserve currency.
The People’s Bank of China stated earlier this month, in a story that went largely unreported by the mainstream media, that it would respond to overseas demand for the yuan to be used as a reserve currency and allow the yuan to flow back into China more easily. China hopes to allow all exporters and importers to settle their cross border transactions in yuan by the end of 2011, as part of their plan to increase the yuan’s international role. NIA believes if China really wants to become the world’s next superpower and see to it that the U.S. simultaneously becomes the world’s next Zimbabwe, all China needs to do is use their $1.15 trillion in U.S. dollar reserves to accumulate gold and use that gold to back the yuan.
4) Japan to Begin Dumping U.S. Treasuries. Japan is the second largest holder of U.S. treasury securities with $885.9 billion in U.S. dollar reserves. Although China has reduced their U.S. treasury holdings for three straight months, Japan has increased their U.S. treasury holdings seven months in a row. Japan is the country that has been the most consistent at buying our debt for the past year, but that is about the change. Japan is likely going to have to spend $300 billion over the next year to rebuild parts of their country that were destroyed by the recent earthquake, tsunami, and nuclear disaster, and NIA believes their U.S. dollar reserves will be the most likely source of this funding. This will come at the worst possible time for the U.S., which needs Japan to increase their purchases of U.S. treasuries in order to fund our record budget deficits.
5) The Fed Funds Rate Remains Near Zero. The Federal Reserve has held the Fed Funds Rate at 0.00-0.25% since December 16th, 2008, a period of over 27 months. This is unprecedented and NIA believes the world is now flooded with excess liquidity of U.S. dollars.
When the nuclear reactors in Japan began overheating two weeks ago after their cooling systems failed due to a lack of electricity, TEPCO was forced to open relief valves to release radioactive steam into the air in order to avoid an explosion. The U.S. stock market is currently acting as a relief valve for all of the excess liquidity of U.S. dollars. The U.S. economy for all intents and purposes should currently be in a massive and extremely steep recession, but because of the Fed’s money printing, stock prices are rising because people don’t know what else to do with their dollars.
NIA believes gold, and especially silver, are much better hedges against inflation than U.S. equities, which is why for the past couple of years we have been predicting large declines in both the Dow/Gold and Gold/Silver ratios. These two ratios have been in free fall exactly like NIA projected.
The Dow/Gold ratio is the single most important chart all investors need to closely follow, but way too few actually do. The Dow Jones Industrial Average (DJIA) itself is meaningless because it averages together the dollar based movements of 30 U.S. stocks. With just the DJIA, it is impossible to determine whether stocks are rising due to improving fundamentals and real growing investor demand, or if prices are rising simply because the money supply is expanding.
The Dow/Gold ratio illustrates the cyclical nature of the battle between paper assets like stocks and real hard assets like gold. The Dow/Gold ratio trends upward when an economy sees real economic growth and begins to trend downward when the growth phase ends and everybody becomes concerned about preserving wealth. With interest rates at 0%, the U.S. economy is on life support and wealth preservation is the focus of most investors. NIA believes the Dow/Gold ratio will decline to 1 before the hyperinflationary crisis is over and until the Dow/Gold ratio does decline to 1, investors should keep buying precious metals.
6) Year-Over-Year CPI Growth Has Increased 92% in Three Months. In November of 2010, the Bureau of Labor and Statistics (BLS)’s consumer price index (CPI) grew by 1.1% over November of 2009. In February of 2011, the BLS’s CPI grew by 2.11% over February of 2010, above the Fed’s informal inflation target of 1.5% to 2%. An increase in year-over-year CPI growth from 1.1% in November of last year to 2.11% in February of this year means that the CPI’s growth rate increased by approximately 92% over a period of just three months. Imagine if the year-over-year CPI growth rate continues to increase by 92% every three months. In 9 to 12 months from now we could be looking at a price inflation rate of over 15%. Even if the BLS manages to artificially hold the CPI down around 5% or 6%, NIA believes the real rate of price inflation will still rise into the double-digits within the next year.
7) Mainstream Media Denying Fed’s Target Passed. You would think that year-over-year CPI growth rising from 1.1% to 2.11% over a period of three months for an increase of 92% would generate a lot of media attention, especially considering that it has now surpassed the Fed’s informal inflation target of 1.5% to 2%. Instead of acknowledging that inflation is beginning to spiral out of control and encouraging Americans to prepare for hyperinflation like NIA has been doing for years, the media decided to conveniently change the way it defines the Fed’s informal target.
The media is now claiming that the Fed’s informal inflation target of 1.5% to 2% is based off of year-over-year changes in the BLS’s core-CPI figures. Core-CPI, as most of you already know, is a meaningless number that excludes food and energy prices. Its sole purpose is to be used to mislead the public in situations like this. We guarantee that if core-CPI had just surpassed 2% and the normal CPI was still below 2%, the media would be focusing on the normal CPI number, claiming that it remains below the Fed’s target and therefore inflation is low and not a problem.
The fact of the matter is, food and energy are the two most important things Americans need to live and survive. If the BLS was going to exclude something from the CPI, you would think they would exclude goods that Americans don’t consume on a daily basis. The BLS claims food and energy prices are excluded because they are most volatile. However, by excluding food and energy, core-CPI numbers are primarily driven by rents. Considering that we just came out of the largest Real Estate bubble in world history, there is a glut of homes available to rent on the market. NIA has been saying for years that being a landlord will be the worst business to be in during hyperinflation, because it will be impossible for landlords to increase rents at the same rate as overall price inflation. Food and energy prices will always increase at a much faster rate than rents.
8) Record U.S. Budget Deficit in February of $222.5 Billion. The U.S. government just reported a record budget deficit for the month of February of $222.5 billion. February’s budget deficit was more than the entire fiscal year of 2007. In fact, February’s deficit on an annualized basis was $2.67 trillion. NIA believes this is just a preview of future annual budget deficits, and we will see annual budget deficits surpass $2.67 trillion within the next several years.
9) High Budget Deficit as Percentage of Expenditures. The projected U.S. budget deficit for fiscal year 2011 of $1.645 trillion is 43% of total projected government expenditures in 2011 of $3.819 trillion. That is almost exactly the same level of Brazil’s budget deficit as a percentage of expenditures right before they experienced hyperinflation in 1993 and it is higher than Bolivia’s budget deficit as a percentage of expenditures right before they experienced hyperinflation in 1985. The only way a country can survive with such a large deficit as a percentage of expenditures and not have hyperinflation, is if foreigners are lending enough money to pay for the bulk of their deficit spending. Hyperinflation broke out in Brazil and Bolivia when foreigners stopped lending and central banks began monetizing the bulk of their deficit spending, and that is exactly what is taking place today in the U.S.
10) Obama Lies About Foreign Policy. President Obama campaigned as an anti-war President who would get our troops out of Iraq. NIA believes that many Libertarian voters actually voted for Obama in 2008 over John McCain because they felt Obama was more likely to end our wars that are adding greatly to our budget deficits and making the U.S. a lot less safe as a result. Obama may have reduced troop levels in Iraq, but he increased troops levels in Afghanistan, and is now sending troops into Libya for no reason.
The U.S. is now beginning to occupy Libya, when Libya didn’t do anything to the U.S. and they are no threat to the U.S. Obama has increased our overall overseas troop levels since becoming President and the U.S. is now spending $1 trillion annually on military expenses, which includes the costs to maintain over 700 military bases in 135 countries around the world. There is no way that we can continue on with our overseas military presence without seeing hyperinflation.
11) Obama Changes Definition of Balanced Budget. In the White House’s budget projections for the next 10 years, they don’t project that the U.S. will ever come close to achieving a real balanced budget. In fact, after projecting declining budget deficits up until the year 2015 (NIA believes we are unlikely to see any major dip in our budget deficits due to rising interest payments on our national debt), the White House projects our budget deficits to begin increasing again up until the year 2021. Obama recently signed an executive order to create the “National Commission on Fiscal Responsibility and Reform”, with a mission to “propose recommendations designed to balance the budget, excluding interest payments on the debt, by 2015”. Obama is redefining a balanced budget to exclude interest payments on our national debt, because he knows interest payments are about to explode and it will be impossible to truly balance the budget.
12) U.S. Faces Largest Ever Interest Payment Increases. With U.S. inflation beginning to spiral out of control, NIA believes it is 100% guaranteed that we will soon see a large spike in long-term bond yields. Not only that, but within the next couple of years, NIA believes the Federal Reserve will be forced to raise the Fed Funds Rate in a last-ditch effort to prevent hyperinflation. When both short and long-term interest rates start to rise, so will the interest payments on our national debt. With the public portion of our national debt now exceeding $10 trillion, we could see interest payments on our debt reach $500 billion within the next year or two, and over $1 trillion somewhere around mid-decade. When interest payments reach $1 trillion, they will likely be around 30% to 40% of government tax receipts, up from interest payments being only 9% of tax receipts today. No country has ever seen interest payments on their debt reach 40% of tax receipts without hyperinflation occurring in the years to come.
It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. 
Sent from my iPhone
Keith Abell, RPh MI
Pharmacist – Executive Recruiter
If I can help you eliminate your two largest monthly expenses would it be worth 45 minutes of your time?