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Tuesday, April 08, 2008

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MethylsulfonylmethaneHow Healthy Are You Financially?


Use these questions to determine your level of financial knowledge.

1.) Do you have a regular savings plan?

Setting up a pre-authorized contribution savings plan can be a great start to accumulating wealth. Most institutions will allow you to choose the contribution frequency that is the most convenient for you. As simple as this strategy may seem, it has been proven over time to be a great way to lower your risk and ensure that you stay invested.

2.) Do you have a taxation plan?

The goal of a taxation plan is simple?to pay less tax. A good tax plan will help you lower your taxes not just in the current year but over the course of your life. There are many strategies available that allow you to minimize taxation now without having to overpay in the future. RRSPs, permanent insurance and leveraging, if used appropriately, are examples of taxation strategies available to the average Canadian.

3.) Are you insured appropriately?

A good insurance plan will not only protect your loved ones should you die, it will do this in a cost efficient manner. Aside from life insurance, you need to decide if you should insure yourself against the risks of a disability, critical illness, or the need for long-term care both now and in the future. The ability to protect yourself against these risks is well worth the cost of the insurance.

4.) Have you protected your lifestyle?

Sometimes the simplest advice is the best advice. Understanding the importance of having a rainy day fund is crucial to becoming financially independent. Your rainy day fund should be large enough to cover three to six months of your lifestyle expenses. This simple strategy will allow you to avoid frivolous debt and keep your spending within the constraints of your income.

5.) What is your debt reduction plan?

When will you be debt free? How much debt do you have now? Can you pay less interest? A good debt reduction plan will focus on paying off your debt in the most efficient way possible. Always pay off high interest debt first.

6.) What happens if you die?

A good estate plan will address any probate, taxes, and debt should you die. It should also cover issues such as what each heir of your estate receives and how the assets are distributed. An up-to-date will and the appropriate investment vehicles will help your estate immensely when the time comes to pass it on.

In today?s economy I can?t stress enough the importance of having a plan to cover each of these areas. Your financial success depends on your financial plan and the foresight you are willing to put into it. No doubt, the task can be daunting; as a financial advisor, these are areas that I work with for clients on an ongoing basis because the best plan for today may be obsolete by next year.

Matthew Unger is a financial advisor and published author. This article is intended as a general source of information only and is not intended to provide any personalized tax or investment advice, and is not a solicitation to purchase investments. Matthew Unger is solely responsible for its content. For more information on this topic or any other investment or financial matters, please email Matthew at matt.unger@investorsgroup.com Insurance products and services distributed through I.G. Insurance Services Inc. Insurance license sponsored by The Great-West Life Assurance Company.



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Triarco enters liquid glucosamine market - NutraIngredients-usa.com

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Triarco enters liquid glucosamine market
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... on market in the US and Europe it launched this year. Other joint health ingredients include collagen, methylsulfonylmethane (MSM) and hyaluronic acid.


Love like a red, red face (Toronto Sun)

Sat, 29 Mar 2008 07:15:16 GMT
IN TOMORROW'S PAPER:

Methylsulfonylmethane NewsHemp Lipbalms



Protect Your Hair from the Inside
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Did you know that if you are over the age of 20, you could be part of the 65 million Americans who suffer from high blood pressure? That is about one in three adults in the United States. Why should we be concerned? Each year, high blood pressure, also called hypertension, takes the lives of almost 60,000 Americans. Sadly, the rate of death from high blood pressure increased nearly 30 percent in the last decade alone. This 'silent killer' has become an epidemic among nearly all ethnicities, genders and age groups. If you or a loved one suffers this devastating disease please continue to educate yourself and take action TODAY!
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