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Take money from your business and pay less tax

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No Bull

Often business owners are challenged to move money tax effectively from their businesses. They also want to reduce their corporate exposure to creditors.

By employing strategies that offer potential protection and tax efficiency, we can build a business development plan to help secure your financial future.

Building assets outside your business can:

  • Transfer wealth tax efficiently
  • Provide easier access to your money
  • Provide protection from potential loss

Blah, blah, blah.  What a bunch of hooey.

I read this stuff every day from different people and you know what?  Every person out there who calls themselves an ‘advisor’ can spew this garbage out of there mouth.  We all have access to this sort of product.  But are they just selling something to you, never to be heard from again?

When you are looking for an ‘advisor’, would you like someone who doesn’t disappear after the sale?  Someone who is in it for the long run?  Someone who has actually been in the trenches of self-employment for close to 30 years and actually knows what you are going through?  And, someone who can create a strategy and help you stick with it, one that is workable from start to finish?

Maybe it’s time to talk to me, Trevor, at Wright & Associates Financial Services.

We don’t hold anything back, we know what you are going through, we will help you, and you never have to worry about being sold.

Many years of small business experience gives us the knowledge and experience to help you.  No Bull.  No blah, blah, blah.

September 29, 2016 |

Self Managed or Professionally Managed?

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I know many people who have invested in real estate.  They love the idea of buying a bricks and mortar investment.  They enjoy getting a phone call at 4:00 in the morning because the heat isn’t working.  They relish the times that they have to advertise to find new tenants because the current ones have left without notice.  They really like spending three days cleaning the place after the tenant gets thrown in jail (for a long time) and owes two months of back rent.  While all of this is happening, they happily pay their mortgage, their property taxes and Mark down the street to cut the grass and shovel the snow.

Is there an alternative?

You’re right.  I wouldn’t be writing this if there wasn’t.

Being a landlord isn’t all it’s cracked up to be.  In fact, it may crack you up.  There are worry-free alternatives to being a landlord where you don’t have all the headaches attached to it.

As you may know, real estate isn’t (generally) a short-term investment.  There are people out there that buy and ‘flip’ real estate, however after watching some of those shows on HGTV it is pretty easy to see that it really isn’t all that easy.

If you had access to a fund that has over $4.3 Billion dollars invested into 108 physical properties, manages commercial properties, residential suites, industrial and retail sites that are distributed across the country, would you be interested in learning more?  If this same fund guaranteed your principal is you stayed invested for 15 years or more, would you be interested in learning more?

Contact us today for a free, no-obligation portfolio review and to learn more about the Canada Life Real Estate Fund.  It will be thirty minutes you may never get back, but it will be worth it.

 

 

*The opinions expressed are those of the authors, are for informational purposes only, and do not necessarily reflect the views or opinions of Sterling Mutuals Inc. Mutual Funds provided through Sterling Mutuals Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Insurance products provided by Wright & Associates Financial Services and is not the business of, or monitored by Sterling Mutuals Inc.

August 19, 2016 |

Do I Need A Toaster?

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Way back in the ‘good old days’, banks used to try really hard to get new customers.

They also seemed to think that they should treat their current customers differently than the new customers they were trying to woo. What they didn’t seem to realize was, their current customers were the ones who allowed them the budget to try to attract the new customers.

Case in point.  About 25 years ago, one of the large Canadian Trust companies had a promotion offering toasters to new customers.  I went in to make a transaction (this was when ABM’s weren’t all the rage and we actually stood face to face with the CSR’s, or tellers as they were known then) and asked the teller for my new toaster.

The teller looked at me like I had horns growing out of my head.

“You don’t get a toaster Mr. Wright, you are already a customer.  The promotion is for new customers only.”

“Why wouldn’t I get a new toaster”, I asked, “I am a customer and if you are giving them to new customers, why not to existing customers?”

We went back and forth a few times until finally I said, “Then let’s close my three accounts and I will re-open them so I can get my new toaster.”

You could probably imagine her reaction.

She ran back to get the manager.

When he came out, he looked at me and said “Trevor, what are you doing?  You know you can’t do that.  The promotion is for new customers, not existing ones.”

So I told him to close my accounts, I was going to another bank.

When he asked if I would stay if he gave me a toaster I smiled and said “most definitely”.

I walked out with a brand new toaster that day, my accounts at the same institution, and a smile on my face.

This was one of my first forays into the world of customer service, and probably one that made me start realizing the importance of treating all customers the same.

As businesses, are we spending too much time trying to get new customers and not enough time with the customers we already have?

In my opinion, yes.

Look around, cell phone companies trying to entice you to switch, cable companies, internet providers.  Heck, I remember a time when we were looking at a new supplier for wholesale products and our current provider kept undercutting the new competition.  We eventually switched over to the new company.  When the old supplier asked why we said, “If you could lower the cost so much now, why not before we brought in a new supplier?”

See what happens when you become complacent and spend too much time trying to attract new customers, and forget about the ones you already have?  They tend to move on.

Celebrate your current customers.  Make sure they realize how important they are.  Make sure they realize how important they are to you.  Don’t ever forget that you can afford to attract new customers because of the income created from your current customers.

July 22, 2016 |

Which way is the wind blowing today?

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There are people and companies out there who think they can tell which way the wind will be blowing in the future.  They believe that if they say something that they will be able to change the course of the market.  They believe that they can see the future of the market.  Who are these people?  Open up the business section of the newspaper and you will see one or two of them…every day.  How correct are they in their predictions?  Maybe 50/50.  Maybe less, maybe more.  However, even a blind squirrel gets the odd nut.

When a talking head on BNN starts talking about interest rates going down, is it because they have bonds they want people to buy?  When they start talking up a company’s stock, is it because they want to unload it?  When they talk about interest rates going up, is it because they want to buy bonds on the open market at a discount rate (because people will want to sell their ‘lower’ rate bonds for fear of them not paying as much as the ‘higher rate’ bonds-it can be confusing, but that’s what their idea is).

What happens when a big investment banking and financial services firm (who also provides ‘competitive rates, flexible options, personal service’ for mortgages) starts talking about rates going up?  Well, the cynic in me is thinking that they want people to lock in their rates, possibly because they actually think they may be going down.  I’m not sure, but my spidey sense starts tingling when I see this.  Just like the lender that has as ‘sale’ on GIC rates and once the sale is over offers a ‘limited time’ discounted mortgage rate.  They have it come in one door and back out the other, usually at a 50-60% profit (I can show you the math, just ask).

Now, back to the big investment banking and financial services firm.  This morning, June 16, 2016, they suggested “The next US rate hike is likely to be in September’.  Yet, in May their “base case now calls for a June rate hike by the U.S. Federal Reserve  and says it sees a low probability that a decision will be delayed by September”.  Huh?  This reminds me of the fish at the end of the dock trying to get back in the water.  Flip-flop-flip-flop.

Keep in mind, this is the same company that predicted a 59 cent dollar (CAD v USD) in January 2016 then backed away from that prediction in April 2016 (surprise, surprise, after a great run for the CAD).

I am not trying to say they never get anything right, however, predictions are just that.  Predictions.

Are you tired of your investment returns being based on predictions?

Does having your money in the yo-yo of the market concern you?

What happens if the market drops 40% when you have to start drawing money out?  Does it affect your retirement income?

If you could get access to the plans that the big boys use, without the market volatility, where during times of economic change the rates are relatively stable through ‘smoothing of returns’, would you be interested?

Would you be interested in a plan that has beaten the S&P TSX composite Total Return, Five-year GIC’s, GOC 5 to 10 year bonds, and the CPI, consistently over one-year, five-year, 10-year, 20-year, 30-year and 60-year time frames?

Would you like to learn how to create a personal bank account for yourself, your children and future generations?

Contact us today, 1-877-242-9116 or info@wrightassociates.ca.

We can help create a plan for you.

*The opinions expressed are those of the authors, are for informational purposes only, and do not necessarily reflect the views or opinions of Sterling Mutuals Inc. Mutual Funds provided through Sterling Mutuals Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Insurance products provided by Wright & Associates Financial Services and is not the business of, or monitored by Sterling Mutuals Inc.

 

July 20, 2016 |

Is Bay Street really the way to go?

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Most people know what insurance is, but few people have ever been told what it can do.

INSURE YOUR WEALTH

The combination of turbulent financial markets and record low interest rates have challenged investors for several years. Conventional guaranteed financial instruments like bonds and GICs, long considered safe havens for investors, now produce historically low returns. Equities like publicly traded shares are now risky and unpredictable. Traditional investment vehicles no longer meet the investment and income needs of investors.

You can have a financial solution that delivers reliable, fully guaranteed, long-term equity-like returns unmatched by any other method or investment in Canada, so all of your objectives will be met, no matter what happens to equity markets and interest rates.

We have implemented this strategy with many of Canada’s most sophisticated investors after passing every due diligence test of ours.

You will have Three IMPORTANT NEEDS Met

  • Grow your Estate Value by maximizing the value of assets earmarked for estate  purposes
  •  Preserve your Estate Value by minimizing the impact of taxation
  • Enhance your Income by maximizing returns on assets used for income purposes

Your Strategy will PRODUCE OUTSTANDING RESULTS

  • With no borrowing
  • With no taxation problems
  • With no questionable banking arrangements
  • With no risk of fluctuating interest rates and volatile market conditions

 

 APPLICATIONS for your strategy

  • Maximize Estate Values
  • Liquidity on Second Death
  • Charitable Bequests
  • Increase Income and Preserve Estate

 

 THIS IS THE MOST EFFECTIVE WAY TO GUARANTEE HIGHER ESTATE VALUES AND HIGHER INCOMES FOR QUALIFIED INDIVIDUALS

Watch this video and then contact us for a free analysis to see if you qualify.

July 20, 2016 |

Bay Street has brainwashed us into believing…

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Bay Street has brainwashed us into believing we have to risk our money in order to get decent growth.

 I have told many people that participating life insurance isn’t about the rate of return you get.  It’s about the unbeatable combination of safety, predictability, guarantees, liquidity, control of your money, plus some pretty juicy tax advantages.

 Will Rogers once noted, “The return of your money is more important than the return on your money.”  However, the long-term return of a properly structured dividend-paying policy is nothing to sneeze at.

 One thing we have been hearing a lot lately in the investment world is the impact that fees and taxes have on your mutual fund investments.  When we show you a projected plan using a dividend-paying insurance plan, it is net of fees, taxes and commissions.

 Would you like to learn more about this type of plan and even compare it to your current plan?  Contact us today to set up an appointment.

 *The opinions expressed are those of the authors, are for informational purposes only, and do not necessarily reflect the views or opinions of Sterling Mutuals Inc. Mutual Funds provided through Sterling Mutuals Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Insurance products provided by Wright & Associates Financial Services and is not the business of, or monitored by Sterling Mutuals Inc.

July 14, 2016 |
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