Succession Planning for familiesWritten by Mandy Nield
Have you ever thought about what you are going to leave your children when you pass from this earth? Wouldn’t it be a great feeling to be able to give them a really good head start in life – without actually spoiling them?It really doesn’t matter how old you are, it’s something that you need to be thinking about and planning for now. In process of planning your inheritance and blessing your children, you are really making YOUR life better and more financially secure because you’ll enjoy these benefits before you pass them on. You could really enjoy your retirement instead of having to scrimp and save every dollar. This planning is even more important if you happen to be a farming family – especially if you have sons or daughters that want to take over farm when you retire. What are you going to do for income when you hand over all assets and farm to your children? You’d be in a unique position if you had enough money in bank to take out enough to live comfortably for rest of your life. Another consideration is how are you going to make it fair for your other children if 1 gets farm and all assets etc? One possible solution is to make farming child pay out other children so all amounts are equal. This, however, could result in undue financial pressure on farmer. So what is another possible solution? I strongly believe that a great solution to creating financial security in both retirement, with added bonus of providing a fantastic inheritance for your children, is to invest in positive cash flow real estate. Some of main benefits include: 1.Purchasing real estate with a positive cash flow, resulting in more income to live off NOW 2.There is an excellent prospect of capital growth in real estate (so your assets increase in value, approximately double every 7-10 years) 3.Your repayments to financial institution will stay same, but your income goes up with CPI or whatever rate you decide in lease. Hence, your income will increase over time without you doing anything, as well as having someone else paying off your loan! 4.If you use a systematic formula to create your wealth, resulting in passive income, then you’ll have a comfortable amount to retire on (assuming you continue to invest and reinvest) 5.If you use a systematic formula, you could end up with multiple properties, all returning a positive cash flow. These can be used to fund your retirement as well as give you something of REAL VALUE to pass on to your children.
| | Top 5 Reasons for Hiring a Wedding PlannerWritten by Dion Semeniuk
PLANNING A WEDDINGTOP FIVE REASONS FOR HIRING A WEDDING PLANNER One of most joyous occasions in life is a wedding, a time when two people in love exchange those powerful words, “I Do”, which binds them legally as husband and wife. Although an exciting time of life, planning a wedding is also a very stressful time. For that reason, many people have discovered benefits of hiring a professional coordinator to ensure everything comes together as it should. In this article, we are providing you with top five reasons for hiring a wedding planner so you can enjoy your wedding with much less stress. Stress-Free The number one reason for hiring a wedding planner is to dramatically reduce level of stress. Every wedding, even best planned will have challenges. Unfortunately, when bride and/or groom are ones trying to handle all obstacles along with everything else, they feel completely overwhelmed and suddenly, enjoyment of wedding planning is out door. With a professional planner, they supervise all of events associated with your wedding so you no longer have to sweat small (or big) stuff. That means everything from delivery of flowers, to set up of cake, to limos arriving on time is taken care of for you. Creativity A good wedding planner will have been in business for years. Because of this, they have coordinated hundreds of weddings and can take ideas to share with you for your upcoming wedding. That means instead of a wedding cake that is three layers of chocolate, you could end up with something tropical, one layer of pina colada cake, one of red raspberry, and a third of coconut cream. The point is that by hiring a wedding planner, your ideas can be expounded on, enhancing your wedding.
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