BUILDING YOUR INCOME THROUGH TAXES?

DAY 19 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

Feb 19-2013

Building you income through taxes? What?

Live the dream and work from home.
By creating a home-based business—even a part-time business—you are entitled to claim a deduction for a portion of home costs. This includes: mortgage interest, property taxes, utilities, repairs, landscaping and maintenance costs.

Just remember that you have to have a reasonable expectation of profit in order for the business to be legitimate, according to the tax man.

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

Do you dread the Cancer Word?

DAY 8 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

THE CANCER WORD

Feb 8-2013

What happens if you were to hear the dreaded cancer word? What can we do in our lives to be better prepared for our loss of income, our family emotional stress, and our life changes? Check it out.

It has a huge impact not just financially on the family but the complete picture of jobs, career, happiness, physical abilities, and children come into play.

What can help the situation is to be putting some protection into place so that you can afford to some different things when you have to. Purchase expensive pills, or insulin. Purchase expensive treatments, move to a certain city where they have a treatment that will help you and so on.  The kids of protection that are available to us now, are fantastic! You can have protection with some coverage to ensure that you will have some money to look after loss of income, mortgage or bill payments, and take that stress out of the picture. You can pay into the coverage and then ask to have all your premiums back if you don't use it!  So, why not, does that cost anything? Some years packing away the premiums to ensure you have a sense of certainty. That's priceless!

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

I hate passwords!

DAY 7 TIP OF THE DAY - 60 DAY CHALLENGE OFFER

WHAT PASSWORDS!

Feb 7-2013

Your Passwords! Yikes! Everybody hates the never-ending passwords that we have to remember all of the time. Do you have a system in place to remember them yourself or for others??

Even your kids, I have a client where the son passed away and their Facebook page is still there. Not really what they wanted to have, don't just look after yourself but your kids too!

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

What do I have in Employer Benefits?

DAY 6 ~TIP OF THE DAY - 60 DAY CHALLENGE OFFER

EMPLOYER BENEFITS

Feb 6-2013

OUR LIFE INSURANCE- are we using life insurance solely on our Group benefit package from work? Do we know what that looks like?

Employer benefits or Group Benefits are owned by the Employer. The Employer can change it, cancel it or alter it at anytime!

They usually have maximum on the plans for employees, and have restrictions based on your health for any more coverage. It's not flexible, even though they say they are. They are so expensive after retiring that it is definitely not transferable.

So, get your own coverage that is owned by yourself and is flexible.

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

Who's going to pay your bills when you can't?

60 DAY CHALLENGE DAY 5 ~TIP OF THE DAY - 

WHAT ARE YOUR BILLS?

Feb 5 - 2013

Our Bills to pay each and every month. How do we keep track of them now? Now, if we were taken out of the picture for a few months, ............... how would we set up our bills for someone else to look after? 

Would it be different than what you are doing now?

With our system you can alter the way you pay bills so that anyone can take over where you left off. There are passwords, whether you pay online or at the bank, or by phone. Get your system in place it's important that you can keep it private but know that it's there in case you needed it!

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

What about your Condo insurance?

60 DAY CHALLENGE 

DAY 4~ TIP OF THE DAY - 

YOUR CONDO INSURANCE!

Feb 4 - 2013

What about Condo insurance! Did you know that you should always ask for a recent copy of the Strata's insurance renewals? Why do you care?

The Strata has their own insurance as well as their own deductible amount. Which in most cases is $25,000 as an example. But, if you had a claim against another property or the strata's property you would owe the difference of your deductible amount and the Strata's deductible. In alot of cases your deductible might be $2,500. So, why is it important? We need to know to make the decision when we are renewing our own coverage whether we take the risk or whether we can decrease the risk.

Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

What about your Home insurance?

60 DAY CHALLENGE 

DAY 3~ TIP OF THE DAY - 

YOUR HOME INSURANCE!

Feb 3 - 2013

Do you know what you condo insurance looks like? Do you know what your house insurance looks like?
We always recommend that you review renewals every year because your furniture or property changes every year. Your property value, buildings and jewellery, tools, Artwork, etc need to be adjusted. Do you have any recent photos of anything included in your coverage or receipts? During the Kelowna fire there were hundreds of property owners trying to change their property insurance and they couldn't do or change anything on it even though it was only in the area.

Also Day 4 Tip we will review condo insurance.
Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

What about your Medical records?

60 DAY CHALLENGE 

DAY 2~TIP OF THE DAY - YOUR MEDICAL 

RECORDS

 Feb 2 -2013

Where are all your Medical records? Only the nurses in our BC Medical system realize that our hospitals in most cases don't share YOUR MEDICAL records with any other hospital.
So, I'll give you an example.
You have a blood clot appear all of a sudden in your leg and you get rushed to one of the hospitals in Abbotsford or Chilliwack or the Okanagan. They are asking for your medical records to see if you are allergic to anything, or what medications that you've had, or what you have you a reaction to etc. No one will know the information about your blood type, your last test results, or even what would be the best treatment advice considering your own records.
Without any difficulties you can get a family member to pull out your medical records and get them to you. With no effort all of your documents and information is kept all in one place!
Let's Expect the Unexpected and get prepared with YOUR BACKUP PLAN!

Join our 60-Day Challenge

Your Backup Plan Seminars
6 REASONS TO JOIN OUR 60-DAY CHALLENGE!
1- Get organized for when a Tragedy hits you LIKE A TRUCK! You don't even see it coming!
2- Worried about a Fire/ Theft or Fraud?  You can be better prepared!
3- Plan for all of those What if's to ensure you still have an income to pay your bills
4- Worried about who will look after the kids and pets? You should be!
5- Planning on saving for your Retirement? Save is what they say, or is it?
6- Securely manage your own Emergency plan
If you don't who will?
Let's Expect the unexpected and get prepared with YOUR BACKUP PLAN!
A tool for organizing tips, emergency preparedness, and having a Plan B. A system to guide you on What if. Organize, retirement plan and how to be prepared! For that disability, natural disaster, earthquake, theft, fraud, flood, sickness, death, pay bills, survival kit, budget, medical emergency, and now do you understand? Everything in one place!
http://www.yourbackupplan.ca