Understanding Assets

Understanding Assets

Assets An asset is generally understood to have a current value to meet debts and commitments and a future economic value. It is usually expressed in dollars. There are different classes of assets you can invest in: cash or bonds,…

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The Importance Of Insurance

The Importance of Insurance

The Importance of Insurance I had a client who moved out from their home and made it into an investment property. They rented it to someone they knew who was only going to be there for a short time; they…

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Personal Insurances

Personal Insurances

Personal Insurances Planning for the unexpected is prudent. Being proactive with personal insurance planning can make a significant difference to your life and the lives of our loved ones should any unexpected event happens. These are the insurances where you…

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Landlord Insurance

Landlord Insurance

Landlord Insurance If you’re a landlord and the property is an investment property, you should definitely consider having landlord insurance. Landlord insurance covers you for tenant-related risks, including loss of your rental income and loss or damage by tenants to…

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Contents Insurance

Contents Insurance

  Contents Insurance The next type of insurance is contents insurance. When we live in a property, we understand the contents to be our belongings inside the property; our appliances, TV, jewellery, and furniture. However, in insurance terms, the flooring,…

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Building Insurance

Building Insurance

Building Insurance Perhaps you’re worried of a natural disaster occurring and damaging your property. Building insurance is something that you can buy to protect the building. In the event of a fire, the insurance company will pay for rebuilding a…

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Leverage For Wealth Protection

Leverage for Wealth Protection

Leverage for Wealth Protection “Your greatest asset is your earning ability. Your greatest resource is your time.” —Brian Tracy You are your biggest asset. Your capacity to earn and plan ahead is your greatest resource in building wealth. Your earning…

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Ownership In A Trust

Ownership in a Trust

Ownership in a Trust A trust is an obligation imposed on a person (a trustee) to hold the property for the benefit of others (the beneficiaries). This is a popular investment structure, largely due to its ability to distribute income…

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Company Ownership

Company Ownership

Company Ownership A company is a separate legal entity, which means it has the same rights as a natural person and can incur debt, sue, and be sued. The company’s owners (the shareholders) can limit their personal liability and are…

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Partnerships

Partnerships

Partnerships A partnership has its own tax file number and, as such, is treated as a separate entity for taxation purposes. Although it does not pay tax, the individual partners pay their taxes from the incomes distributed through the partnership.…

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