Business

Second chance for criminals: make money with MLM

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If you are a criminal looking for a second chance to move forward in life, what are the options open to you? It’s well known that jobs for convicted felons aren’t easy to come by, but everyone deserves a chance to put the past behind them and strive for something better. One of the best ways to accomplish this is to start your own multilevel marketing business. In this article check if you can make money with MLM.

MLM is short for multi-level marketing and includes names like Avon, Tupperware, Herbalife, Amway, Pampered Chef, Xango, and Gourmet Coffee. Don’t worry, there are other options. The important thing is to find a product that you are comfortable with and can happily stand behind within an inch of your life!

Endorsing an MLM product means that you buy it and find a way to encourage others to buy, usually with the party-plan method. In the process, you recruit others to join you and earn commissions not only from your own sales, but from those of your ‘team’ as well.

It’s certainly not a get-rich-quick option, but if you approach your business with hard work and treat it like a real job, you have an opportunity to build a successful home-based business. So what will help you make money with MLM?

1) Money! There will be an initial cost to join and purchase the MLM products, plus you will need to add to your products, find new business, make phone calls, drive for pickup and delivery, and learn how to become a good sales person and find other people. ways to promote your product (training).

2) The right opportunity. Do your research until you’re satisfied with a product that gives you a buzz and makes you want to get out of bed in the morning (otherwise you won’t!)

3) Decide if it is a luxury item or something that people can buy regularly

4) Decide if the products are affordable and popular.

Don’t forget to check out the history and growth of the MLM company before you join. Are the finances solid and secure? Are there other competitors in your area or is this a unique opportunity for you?

What else will help you make money with MLM? Well, are you ready to invest a good amount of your time in growing and practicing your business? You will most likely need at least six months to build the business, so don’t expect big results for a while.

People who make a lot of money from MLM products spend a lot of their time and effort recruiting and leading their team, as this is where ‘passive income’ comes from. If they do well, you do even better. It is essential to be a sociable person, but there is also another way.

It is possible to promote your MLM product online and many successful business owners have figured out how they can market their business using different strategies. Check out an internet hub that teaches over 50 ways to make money using online and offline methods. I hope my review “second chance for crooks, make money with MLM” was helpful.

Home Kitchen

Door handles: a study in progress

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Door handle is an ambiguous term and includes door locks, bars, and knobs. Depending on the geographical location and their place in time, they vary in design, shape and materials. The only constant is its function: an accessory that is used to open or close a door.

Functions of knobs and handles

The earliest existing gates are approximately 5,000 years old. Door handles, as devices for manipulating a front door, became a necessity soon after the invention of the turning mechanism. To most, pivots are simply known as hinges; however, there are almost as many hinge designs and configurations as there are handles.

The simplest handle is a projection for pulling or pushing on the side opposite the hinge. Handle placement is generally where it will provide optimum mechanical advantage; most doors function as second class levers. Doors with handles or rings in the center, or a pivot point at a location other than an edge of the door, use first-class or third-class lever principles.

Depictions of door handles in paintings dating to the 1st century CE are centrally placed hinged rings. The modern door knocker is a remnant of this primitive style of door handle. Doors were usually secured with bars and brackets to prevent them from being opened by intention or accident.

Knobs with latches and bars

Over time, the large cross bars used to secure a door were replaced by slide bars, operated by a handle secured to the bar and protruding through a slot in the door, or as a pivot bar, often called a pivot bar. latch, which could be placed in a matching slot in the door leg. In colonial America, the operating mechanism for a small pivot bar was a latch chain that passed through a hole in the door near the handle. There are accounts and references, probably apocryphal, implying that this mechanism was a solution to heavy taxes and a crown edict ordering colonists to use only imported English door bolts or locks.

Around the middle of the 18th century, handles and locks were integrated into a single unit, the earliest known examples being levers that operated the latch and served as a pull to open the door.

knobs and handles

The handle as it exists today is a relatively new invention dating back to the mid-19th century, with the first US patent dated to the 1850s. Handles and knobs underwent a massive period of growth and development throughout the Victorian era (1830-1900). Thousands of variations on the door handle theme, combined with modern production methods, made door handles accessible to virtually everyone. Deadbolts faded in popularity and use, relegated to service in barns and similar outbuildings where their design simplicity and function trump outward appearance.

Manage value-added features

These handles today fulfill multiple functions. These functions can include lock and key mechanisms, electronic locks, push button access that is mechanical or electronic, high security features, and many other applications beyond a simple push and pull device to open or close a door.

For most Americans, the terms handle and knob are synonymous. In Europe, however, door levers make up the vast majority of door handles. Due to their usefulness and accessibility, door levers are gaining popularity in the United States. They are much easier for someone with physical problems from arthritis, illness, or injury to operate than round doorknobs. While large, exterior door handles will eventually be supplanted by self-opening mechanisms, door handles will continue to be needed for smaller doors on interior doors, cabinets, and other furniture for centuries to come.

Auto

Top 10 cars in India

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Today, cars in India are being manufactured more and more due to the increasing demand for cars. Therefore, we also have foreign manufacturers who started to make so many cars that suit the Indian population. The latest trend among cars in India is that automatic gearbox.

hyundai i10: This car in India was launched in November 2007 and was a great success due to its looks and looks as well as cheaper fuel consumption. This car appealed to a lot of middle class people as it was inexpensive and was also a compact car for smaller families.

Hyundai Verna: This car also consists of automatic gearbox and also had an increase in sales as compared to other new cars from India.

Honda City: This car was one of the first C-segment cars with automation process. Honda city car with automatic gearbox sold faster compared to those with manual gearbox.

Honda Civic: Most of those manufactured by Honda Accord with automatic transmission were sold immediately in front of others. The Indians have also been clear that the automatic gearbox is much more comfortable than the rest manual filler.

Mercedes-Benz C-Class: Benz are sold in a higher percentage in India. Among the highest sales, only the automatic system was sold in a higher percentage compared to the previous process. Even in an investigation they have verified that a car that is sold in a higher percentage is only with an automatic gearbox.

Skoda excellent: The word super comes only with the Skoda with an automatic gearbox. It is one of the most luxurious ones sold in India in largest numbers.

Skoda Laura: Sales of this car are also high these days. All car manufacturers reduce the cost price between the automatic transmission and the manual transmission. So the buyer does not mind giving a little more money for these automatic gears from India.

Chevrolet Captiva: One of the novelties is this Chevrolet Captiva. This car also comes with automated process.

Mahindra Scorpio: With automatic and manual gearbox. The manual is sold in greater numbers because in this car it is economical compared to the automatic gearbox. This car also comes with automatic modes for better driving. It is denoted N & W. N for normal driving and M for driving in manual mode.

VW Jetta: Both automatic and manual are available, but customers prefer automatic over manual.

Digital Marketing

An introduction to text messaging

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Why text?

Text messaging is a quick way to stay in touch with people for personal or business purposes. With text messaging, you can chat with a colleague by typing on the keyboard and reading what they write to you on the screen. Many text messaging products can work with mobile phone text messaging (also known as SMS or Short Messaging Service) so you can chat with people who are not in front of your computer. So why not pick up the phone and talk?

It’s faster than email and phone calls. And you don’t have to pay anything to send text messages. If you need to chat with someone briefly or ask a quick question, it’s much less intrusive than calling someone. As with most developing technologies, there are several types of text messages available, and each is incompatible with the others. But don’t let that stop you from trying it. The main text messaging products are ICQ (www.icq.com), MSN Messenger (www.msn.com), AIM (www.aim.com), and Yahoo Messenger (www.yahoo.com).

by the way (by the way…)

Each one is free and easy to download, install and register. You can locate your “friends” by searching an online directory by screen name, email address, name, or phone number. Once you get used to it, texting can be extremely addictive. As you continue to use text messaging, you’ll learn to abbreviate words and sentences. When you leave an online chat, you can say BRB (I’ll be right back), I’m afk (away from the keyboard), or TTYL (Talk to you later). See the glossary below.

Some text messaging products are starting to offer voice and video chat. The future of digital communication is an integrated product, as voice, video, interactive text messages and email are all effective means of communication. In the future, you’ll be able to switch between text, voice, and video with ease. Until then, we’ll continue to use different methods for different communication needs 🙁

Glossary

🙂 Smiley face. it means someone is happy

😉 Smiley face with wink.

🙁 If someone emails this to you, they’re probably not having a good day

by the way – by the way

FYI – For your information

FWIW – For what it’s worth

IMHO – IMHO (or IMO)

TIA – Thanks in advance

WRT – Regarding

LOL Laughing Out Loud

ROTFL – Rolling on the floor laughing

AFK – Away from the keyboard

TTYL – Talk to you later

CYA – See you later

Relationship

How to introduce your child to the potty: 3 effective tips

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The transition from diapers to the potty is a big step for both a parent and child. When your little one shows signs that he’s ready to pee or poop in the toilet, you need to approach him carefully. Know that it is a process and takes some getting used to, so it is best not to expect overnight results.

Here are 3 effective tips on how to introduce your child to the potty:

watch out for the signs

When they are ready, toddlers will begin to show signs that they are ready to ditch diapers. One would be when they become vocal about going to the bathroom. When he starts to verbalize about peeing and pooping, that’s a good green light to start training.

Another is when your bowel movements become more regular. Toddlers as young as 2 years old poop 1 or 2 times a day, usually at the same time of day, so it’s easier to work with them. Another sign that he is ready to go to the bathroom is when he begins to notice dirty diapers and feels repulsed when doing so. This means you are ready to stop using them!

talk about the bathroom

Your little one may “know” what the toilet is for, but it’s still ideal that you take the time to explain what it is and what it’s for. Be sure to highlight the benefits that are most appealing to a child. You can say things like “After you poop, you can flush the toilet, just like mom and dad!” or “Wearing underwear is fun!”

Congratulate your milestones

A child will feel more encouraged to make the transition to new things if he knows he has your support. Praise him for his adult behavior, such as drinking milk from a cup instead of a bottle, or when he eats alone. He gives her confidence to try new things knowing that he is safe and mom-approved.

Just keep in mind that the most important key to successful potty training is patience. Don’t push or force your little one before they are ready. All children are different: some may be potty ready at 2 years old and others won’t be until 4 years old.

You’ll know when he’s ready and maybe he’ll even tell you! But once you are, just keep these 3 effective tips on how to introduce your child to the potty!

Health Fitness

Bowflex Diet Plan Details – Amazing Step By Step Online Diet Plan For A Bowflex Body – Guaranteed

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Are you puzzled on how to increase muscle size while losing body fat? Are you looking to build that Bowflex Body? So you need to have the Bowflex diet plan details.

Here’s how the Bowflex diet works: The basics of the diet is that it’s a simple 60:20:20 ratio of carbohydrates, protein, and fat. In other words, a high carbohydrate program. Bowflex has created complete menus, an eating plan designed for maximum fat loss, nutritional value and efficacy. The Bowflex diet plan allows for 5 meals a day. Breakfast, lunch and dinner (BLD). Also 2 sandwiches. A mid-afternoon snack and another at dawn. The first two weeks you will consume 1,500 calories for men and 1,200 calories for women. The calories in breakfast, lunch, and dinner never change. You pick and choose the menus and of course you can even use your own recipes. The point is healthy weight loss. Remember, since you are on a diet, drink plenty of water. . That is a very important strategy to follow.

The Bowflex Diet Plan the details for the 6 weeks are as follows.

Start week 1 on Monday and continue through Sunday. Week 2 is a week repeat.

— Week 1 and 2:

Men 1500 calories per day.

Women 1200 calories per day.

— Week 3 and 4:

Men 1400 calories per day.

Women 1100 calories per day.

— Week 5 and 6:

Men 1300 calories per day.

Women 1000 calories per day.

Everything in the Bowflex diet plan has been simplified so that even the man or woman who cooks the least can succeed. In reality, very little cooking is required. All you have to do is read the menu, select your food and follow the instructions. It really is that simple! The challenge in the Bowflex diet plan is knowing which foods to choose.

It is important that you read the nutritional information and make the Supermarket manager your friend. Ask questions if you are not sure. If you’re over 40, don’t forget your reading glasses if you wear them. The type of these labels is very, very small.

What you eat is only part of the Bowflex diet plan. It’s not one of those diets where you feel hungry or sick. However, you must pay attention to what you need to make the program successful for you.

Legal Law

Voting Rights and Disenfranchisement

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The Fifteenth Amendment to the United States Constitution gave black men the right to vote five years after the Civil War ended. Black women gained that right, along with other adult women, when the Nineteenth Amendment was passed thirty years later. However, having the right on paper and being able to exercise it were two different things for many years. In the late 1800s and through much of the early 20th century, African Americans were systematically disenfranchised in many parts of the country through outright intimidation, poll taxes, literacy tests, or threats of lynching.

With the passage of the Voting Rights Act of 1965, many of those illegal barriers to voting for black citizens were destroyed and the tide of disenfranchisement of African Americans was reversed. This led to tremendous political advances by African Americans in the United States, culminating in the election of Barack Obama in 2008. Since that historic election, several states have passed laws in their states that make things difficult for people without a type government specific. photo identification card issued to vote. Those affected by this new wave of disenfranchisement will likely primarily affect inner-city African Americans, young Hispanic voters, seniors, and students who may have school or college ID cards but not state-mandated cards.

Since 2008, some states have adopted these new rules regarding state-issued identification cards on the basis that they will prevent voter fraud. However, there is little or no evidence in the United States of widespread voter fraud in our national elections. Instead, it appears that the reasons for these new voter ID laws are to suppress eligible voters from voting by making it inconvenient to obtain such a card and to threaten others that they should not vote because they may be charged with ” electoral fraud”. and be sent to jail. Again, it appears that such ID card laws are aimed at suppressing the votes of inner-city African Americans, young Hispanic voters, senior citizens, and students who may have only school or college ID cards. Before we as a society accept this need to suppress the vote, it would be wise to learn a little more about the history of disenfranchisement.

The right to vote in federal elections is determined by the electoral laws in effect in one’s state of residence. At least forty-six states prohibit prisoners serving a sentence for a felony from voting. Thirty-two other states deny people on parole or felony parole the vote. In several states and the District of Columbia, convicted felons cannot vote for up to ten years after their conviction. This means that more than half a million African-American men may never be eligible to vote in their lifetime.

Disenfranchisement in the US is the legacy of ancient Greek and Roman traditions brought to Europe. In medieval Europe, infamous offenders suffered civil death involving deprivation of all rights, confiscation of property, and even death. In England, civil disqualifications intended to demote offenders and isolate them from the community were achieved by prosecutable declarations, that is, a person convicted of a serious crime was subject to confiscation of his property from the king and considered civilly dead. .

English settlers brought these concepts to the New World. With independence from England, the newly formed states rejected some of the civil disabilities inherited from Europe. However, deprivation of criminal rights was among those withheld. By the mid-19th century, nineteen of the then thirty-four existing states excluded serious offenders from voting.

The exclusion of convicted felons from voting took on a new meaning after the Civil War and the passage of the Fifteenth Amendment which gave blacks the right to vote. Although laws previously existed that excluded felons from voting in the South, between 1890 and 1910 many Southern states adapted their criminal disenfranchisement laws to increase the effect of these laws on black citizens. Disenfranchisement crimes were written to include crimes that blacks were thought to commit more often than whites and to exclude crimes that whites were thought to commit more often. As an example, in South Carolina, among the disqualifying crimes were several to which lawmakers considered “the Negro” to be especially prone: robbery, adultery, arson, wife beating, breaking and entering, and attempted rape. . By contrast, crimes such as murder and fighting, to which the white man was presumed to be as willing as the black, were significantly omitted from the list.

This is a sad and hateful story about disenfranchisement. As a result of the disenfranchisement of offenders, the Sentencing Project, a Washington, DC-based nonprofit organization, has released a study that estimates that the impact of disenfranchisement of serious crimes means that approximately thirteen percent of black adult men are unable to vote as a result of a current decision. or prior felony adjudication. This has been a shameful way for Americans to suppress the voting rights of African Americans in the United States.

It’s time thinking Americans don’t compound this injustice by passing voter ID laws that will further suppress the votes of inner-city African Americans, young Hispanic voters, senior citizens, and students who may have only ID cards. of the school or university on the fake pages and the pretextual assumption that this will prevent voter fraud.

Lifestyle Fashion

Reasons to use probiotic deodorants

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When it comes to probiotic deodorants, people are always left with a lot of questions. Here in this article, we will try to discuss some of these common concerns regarding the use of probiotic deodorants. Of course, there are many advantages to using probiotic deodorants over using chemical deodorants. In the process of answering these questions, we will also discuss the general benefits of using these products over their chemical counterparts.

It is effective?

This is perhaps the most frequently asked question about the use of probiotic deodorants. And it is not surprising, since many chemical deodorants and popular brands on the market do not live up to the hype they create through their marketing campaigns. And the answer is yes. Probiotic deodorants are not only effective but in fact more effective than the usual chemical products they produce on the market. These are mainly effective because a lot of research goes into making these products, and the main ingredients used are natural and organic. Every ingredient that goes into brewing has a role to play. For example, if a systematic mix of different vegetable oils and powders is used, the goal is to treat moisture. Other probiotic-infused ingredients eliminate the environment that promotes the growth of odor-causing bacteria.

How long does it last?

This is the second most common question about the use of probiotic deodorants. Many deodorant products on the market fail to hold their effect for as long as they claim. Probiotic deodorants usually use natural products like butter, oils, beeswax, etc. These products, being natural, have more prolonged impacts. This also makes them more consistent.

Does it work as an antiperspirant?

It is not very surprising when the quality of being an antiperspirant is often in demand. People want deodorants to minimize underarm sweating. Now, to achieve this goal, most of the chemical and industrial deodorants use aluminum compounds to clog the pores present in our armpits. Although this is effective but it is not exactly healthy for the skin or the environment. This is precisely why some skin reacts to certain deodorants as it becomes inflamed by the chemical compounds present in the deodorant. Probiotic deodorants, on the other hand, can work as antiperspirants without using these chemicals. Natural compound powders such as arrowroot are used to treat moisture and allow you to sweat naturally without having to feel the dampness and discomfort of sweating.

Pets

Your new cat: Why are the first 24 hours so important?

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The cage was small, but the people were nice and Tiger felt safe. He was regularly fed, petted and groomed. Still, he wasn’t home. Tiger had been ‘home’ and still had vague memories of the woman who had cared for him and the other cats that lived with her.

Then he had been brought to this place, and he had been here so long that he had almost forgotten ‘home’ and the woman.

Still, there was unease here, and Tiger felt it. Something was about to happen. Something bad.

Then two humans entered. They put him in a cage with them. He jumped into the woman’s lap. They put him in a dark place that beat him and pushed him. He heard strange and frightening noises. He howled, and a male voice responded with noises he couldn’t understand.

Then there was light. AND HORRIBLE!

A small hand reached out and tried to grab it. There were people he didn’t know; they all approached him. There was another cat that arched and spat.

So, horror of horrors…

There was a dog!

Tiger fled. He fled down a long hallway and bolted out the first open door he found. He hid in the darkest place he could find…between soft and hard things he didn’t recognize. He heard voices. He heard the dog bark and shivered. He heard the high-pitched voice of the boy and the voice of a woman…which were easier to bear.

He crouched down and remained as invisible and silent as he could.

rush adoption

Animal shelter staff greet people looking for new pets with joy and suspicion. People walk between the cages, looking at each cat, and the staff hopes to select a cat that has been there for a long time.

But they know what people are looking for; looking for kittens, not adult cats.

If there are no kittens, clients sometimes reluctantly choose an adult cat as a “consolation prize”, pay the adoption fees and take it away…

Only to return the cat two or three days later.

“I’m sorry, but this cat just didn’t work out. We couldn’t fit him into the family.”

Prayed…

“This cat is too wild. We need something more tame, something that fits.”

“What happened?” The staff member asks.

“The cat ran away and hid. It took us three days to find it, and when we finally did, we had to chase it all over the house before we caught it. We need something more tame, something that fits better.”

So go the sad stories of revenants… but wait, it may be worse for cats adopted in other ways.

“The landlord won’t let me stay with her, could you take her in?”

People who adopt stray dogs, or a friend’s cat, often don’t realize the full scope of things they must do for their new cat:

o Prepare your home to receive your cat

o Address your cat’s medical needs.

o Make sure your other cats are protected from diseases

o Take care of your cat’s physical needs.

o Properly introduce your cat to fellow residents, children, and other pets.

And perhaps most importantly:

o Prepare for a good relationship with your new cat.

People who have never owned cats before don’t really realize what a cat is: a highly intelligent and independent animal that needs love and affection every day, but it’s not a dog.

Cats bond with people, just like dogs, but they don’t always bond with the person who has adopted them. They will choose who they like, much to the dismay of the person who “picked them up” in hopes of having acquired a new friend.

This is a very good reason why the first 24 hours are so important. It is during this period that your cat will decide who he wants to bond with.

Unless you know what you’re doing, it may not be with you.

Weather

A cat needs to spend time with her. One of the big mistakes busy people make is not realizing that they have busy schedules that don’t allow them to spend enough time with their newly adopted cat.

Ultimately, this could cause your cat to run away. If you don’t have time to spend with your cat, he won’t choose your house as “his den.” He’ll be out looking for another one, and soon you could be reporting a “missing cat.”

Or, to your dismay, you’ll discover that the cat you thought would make a loving companion has joined another member of your household…someone you had time to waste.

Money

Many people don’t count the cost of having a pet. In their enthusiasm to adopt a cat, they forget that they don’t have the budget to support it. Belatedly, they find they don’t have the cash on hand to buy their new feline’s basic necessities or provide him with the medical care he’s sure to need.

Many people avoid pet health insurance, not realizing that the same things that happen to people happen to cats, and can cost large sums of money to cure. This may result in the loss of your beloved pet because the price to save it is “too high.”

Medical Needs

Some people who adopt stray cats or cats from friends don’t realize the full scope of medical care their new cat needs:

o A complete physical exam

o A complete vaccination regimen

o Spay or neuter

In particular, that cute kitty you brought home from a friend’s litter will need a long series of vaccinations (along with boosters) spread over a period of a couple of years. You can’t do it all in one day.

Failure to do this will almost certainly mean tragedy in the future. I know. I didn’t give one of my kittens the shots. I made him an outdoor cat and he died of feline leukemia. The story definitely had a very sad ending…

Your cat’s physical needs

When your cat steps out of the carrier for the first time, will it be equipped with the essentials?

Or will you find you need these things later…and bring them one at a time, after your cat has pooped in the corner, started scratching the furniture, or started some other unauthorized behavior that you’re not supposed to? prepared? (And keep in mind that a cat is a very obsessed animal…once he starts doing something, it’s very hard to change him.)

Making sure you have what you need to welcome your new cat is vital…and you should have the basics on hand before you bring him home.

first presentations

So when your cat first steps out of her carrier, will everyone in your household attack her at once? And when she does, will she run away in terror, trying to find the safest, darkest corner she can find?

Or will you introduce her gradually… to try to reduce the trauma as much as possible so that she can adjust and feel at home in her new situation?

Your technique for doing this can be a deciding factor in whether or not your cat adjusts to your home right away, the next day or month, or if she leaves the house altogether.

the days to follow

Do you know how to care for your new cat in the next few days, assuming you’ve handled your first few introductions well? Do you know about allergies, special foods, baths, brushing, hairballs, urination, training and teaching without scaring or alienating your cat, and a host of other situations that cat owners struggle with on a daily basis? Do you know the dangers of letting it become an outdoor cat?

To be prepared

As you’ve often heard, “preparation is the key to success,” and nowhere is that applied more appropriately than in cat ownership. If you are prepared, your adoption will probably go smoothly.

I say probably because every cat is different. Even with the best preparation by a well-informed owner, a cat may want to hide for a while. And if you find that to be the case…

You need to know what to do.

The key

That’s why I wrote my book, “Your New Cat’s First 24 Hours,” http://www.yourcatsecrets.com, to give you everything you need to know and have, not just to prepare for and introduce your new cat to her. to your house, but to understand it and take care of it in the following days.

I have to say it again: preparation…and knowledge…is the key. When you decide to adopt, I hope you don’t do it in a hurry.

I hope you do it with knowledge and understanding.

Real Estate

Keep track of your total net worth

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Business owners and professional practices know that they cannot run their business effectively without understanding its financial position. In the same way, when it comes to making a comprehensive estate plan, you also need a framework to assess your overall financial status.

A “balance of life”[1] provides a comprehensive view of the owner’s assets, liabilities, and net worth. Although similar to the more traditional balance sheet used to monitor your business, the Life Balance Sheet includes both real and implied assets and liabilities.

The left side of the sheet lists the owner’s assets and includes traditional financial assets (cash, stocks, bonds, alternative assets, etc.) and other tangible assets (real estate, precious metals, art collections, etc.). It also includes implied but expected assets.

Embedded assets are illiquid assets that are often not tradable but have value. In a previous article, this was called “Human Capital”. Although often overlooked, human capital represents the present value of the owner’s expected earnings.

The liabilities, on the right side of the sheet, should look the same. Mortgages, business loans, and other property-secured debt are explicit liabilities. In addition, business and practice owners should include their succession goals as a built-in liability and career professionals and non-business owners will include their estimated retirement costs.

For example, if you want to maintain a certain standard of living after you leave your business or retire from your career, you are creating an implicit liability that must be funded by the assets on the left side of the Life Balance Sheet. Aspirations to buy a vacation home, start another business, or fulfill a charitable commitment also represent implicit responsibilities.

Think of a balance sheet with assets listed on the left side and liabilities on the right side. The combined assets include a home, retirement plans, and the family business. Collectively, these are worth $2,000,000. To this we are going to add $800,000, the amount of money the owner expects to earn as income from the business. This increases the value of Total Assets to $2,800,000/

Under Liabilities, we’ll list three common assets including a mortgage, college expenses, and estimated retirement costs. These add up to $1,800,000. This leaves $1,000,000 as discretionary wealth; an amount that the person can use as they wish, but which will have a significant impact on their net worth, their retirement and even her legacy.

Using the life balance sheet helps homeowners, professionals, and others assign a value (present value) to their underlying assets (your projected earnings) as well as their underlying liabilities (retirement and other costs). This information should prompt owners to review all of their real, tangible assets, including the value of their business, to ensure they are on track to meet their long-term goals.

[1] Wilcox, Jarrod, Jeffrey E. Horvitz, and Dan diBartolomeo, 2006. Investment management for taxable private investorsCharlottesville, VA: CFA Institute Research Foundation.