From his first job and his most memorable moment to his thoughts about the reverse mortgage industry, we get the personal and professional facts from Teague McGrath, chief marketing officer of AAG, in this month’s edition of The Hot Seat.
You can’t always be right. It has taken me a long time to figure that out.
Ten years from now, I will be watching my kids
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graduate.
Something nobody knows about me is that I’m Australian—not Irish, South African or English. (And not Swedish, as one person guessed at a NRMLA conference.)
My favorite vacation was backpacking around Europe. Everyone should do it—ONCE!
My celebrity crush is Megan Fox. (Please don’t hold this against me!)
If I were a professional athlete, I would be a tennis player.
My first car was VW Kombi—and it wasn’t even the ’70s!
My most embarrassing moment was having to relieve myself on a football field. I think nerves got the better of me! (Please be assured it was only No. 1.)
The craziest thing I’ve ever done was move to America. Taking a family from a sleepy Aussie town to NYC in the middle of winter was crazy on multiple fronts.
If I had three wishes they would be health and happiness for my friends and family. I know that’s only two, but that’s all that’s important.
When I was a kid, I was an idiot. I am sure the AAG team would say I still am.
If I could meet anyone, past or present, it would be my father; he died too early. I’d ask him to help me with my kids and I’d apologize for my childhood!
My favorite movie is Saving Private Ryan.
My favorite website is Reverse Mortgage Daily, of course!
Every morning I check that everything is where it’s supposed to be.
I can’t go without coffee and kids.
I’ll never forget my kids’ births.
My first job was scrubbing barnacles off boat hulls with a scuba tank strapped to my back.
My parents taught me how to buy cigarettes and booze at a very early age (so they didn’t have to leave the house).
My favorite time of day is sunrise. The day’s potential is what makes life interesting.
My iPod go-to is Coldplay Radio.
The best lesson I’ve ever learned was adapt to life. It’ll be easier that way.
For success I have sacrificed my professional tennis career.
The biggest challenge in the reverse mortgage industry is overcoming the consumer perception.
The future of reverse mortgages is bright.
The greatest setback for our industry was the departure of big banks.
Ten years from now, the reverse mortgage industry will be thriving and part of a complete retirement plan.
People should seek a career in the reverse mortgage industry because of the potential growth and opportunity.
People should avoid a career in reverse mortgage industry because of NRMLA conference hangovers.
Before I entered the reverse mortgage industry I was a TV executive producer.
Reverse mortgage professionals can best support the public image of reverse mortgages by marketing the product in a responsible way.
The most important thing financial advisors can learn about reverse mortgages is that they can provide real portfolio longevity and downside protection.
Industry growth is dependent upon consumer acceptance and educating other financial professionals.
The biggest benefit reverse mortgages offer to seniors is the ability to live where they choose with the dignity and respect they deserve.
The most important thing seniors should understand about reverse mortgages is they are SAFE!
I would encourage a family member to consider a reverse mortgage because it can help you do the things you want to when you finally have the time to do them.
