What Business Owners Should Prepare for in the Current Political Environment
Do Business Owners overpay taxes? by Brett Sellers, CPA with Garrett Gunderson We find that 93 percent of business owners are overpaying on their taxes, yet 100 percent say they don’t prefer overpaying them. Plus many are concerned or even afraid about the changes and current tax environment. So with so much talk now about an impending “financial eclipse.” I’m no prophet, but it doesn’t take divine revelation to know that our current situation is tough for business owners, and it will likely get worse. President Obama has defined the wealthy individuals with incomes over $200,000 and married couples with incomes over $250,000. Although he campaigned on not raising taxes on middle class, he wants to increase the taxes on taxpayers earning above those amounts. He wants to reinstate the 36 and 39.6 income tax rates on high-income earners. He is also pushing to increase the capital gains tax rate from 15 percent to 20 percent, and a dividend rate raise from 15 percent to at least 36 percent. So what can you do about it? The best advice I could give any business owner isn’t technical or legal—it’s mental and philosophical. Your decision to increase your productivity will impact your business and net worth far more than any technical advice I could give you. Tax rates will likely go up. Nothing we can do about that. What we can do is increase our production to offset the tax increase. The antidote of a 5 percent tax increase is to increase production by 10 percent. Someone once wisely said, “You’ll never go broke paying taxes.” If you’re not paying taxes, it means you’re not making any money. If you pay more in taxes, it means you’re making more money. So don’t let your attitude and actions be dictated by doomsayers. Don’t be frozen in fear or frustration. Be proactive and productive. Concern yourself less with technical tax code and more with growing your business. Having said that, I’ll also stress that the current environment makes tax planning even more important than ever. If your car insurance rates go up, it becomes important to consider your policies. Likewise, if your tax rates go up, the benefit of tax planning is exponentially higher than it was before. More diligent planning is a vital strategy for dealing with increased tax rates. If your tax rate goes up by 5 percent but you can find 5 percent more in deductions by better planning, you’d be in about the same place. Truthfully, there are no real opportunities to be harnessed now. The best you can do is to mitigate damage by hiring a good tax planner. But, while you’re working on finding more reductions, remember that your best bet is to increase your production. If this philosophy is congruent and you want to know specific strategies, check out the upcoming Curriculum for Wealth where Garrett will interview Brett and get straight to strategy to put money in your pocket. Don’t be part of the 93 percent overpaying tax, find money without having to work harder, hire more people or lose any more sleep. http://www.freedomfasttrack.com/cfw Brett Sellers is a licensed CPA at Stewart, Archibald, and Barney, LLP in Las Vegas, Nevada. He has worked with business owners for more than twenty years. Brett feels strongly that a business cannot achieve long-term success without accurate financial data and a constant measuring of the key activities of the business.
Chiropractic Software | New Network Members | June 2014
Ninety-seven new members across fifty-four practices joined Genesis Chiropractic Software and Billing Network in June 2014! Congratulations! There is strength in numbers due to the shared knowledge – we call it the “Billing Network Effect,” as the billing performance of each member practice improves in step with the total volume of processed claims. Please welcome our new Genesis network members: Christin Zills of Abundant Life Chiropractic, The Woodlands, TX. Michelle Besemann of Adjust To Health Chiropractic, PA, Buffalo, MN. T. Jacques and Jacquii Schulz of Advanced Chiropractic, Yuba City, CA. John Douglas of Aligned Chiropractic Corporation, Kelowna, BC, Canada. Shayla Moyer Arc Of Life Chiropractic LLC, Madison, WI. Chitra Kanani and Leah Kleiner of Backsmart Wellness Center, Edison, NJ. Jillian Amort, Dr. Roger Barnick, Tara Hays and Andrea Kocer of Barnick Chiropractic, PS, Vancouver, WA. Becci Smith of Benchmark Medical Group, Inc., Windsor, CO. Dave Aitken, Ruth Bruderer, Maryann Burga, Ana Garcia, Edgar Hurtado, Glori Lopez, Dr. Calvin Smith, Dr. Sean Smith and Leonardo Soto all of Dr. Calvin’s Clinic, West Valley City, UT. Holly Manuel of Cascade Family Chiropractic, Colorado Springs, CO. Dr. Suzanne Demmers of Carrollwood Family Chiropractic, Tampa, FL. Aracelis Falcon of Central Jersey Spine & Wellness, LLC, Freehold, NJ. Dr. Gregg and Amanda Pigeon of of Chiropractic First, Mukwonago, WI. Vincent Cavallaro of Chiropractic Works, Oakland, NJ. Dr. Ryan Nickens of City Of Palms Chiropractic, Fort Myers, FL. Cheryl Upton of Dr. Brian D. Class, Mt. Pleasant SC. Dawn Clay, Vanity Darty and Kaitlyn Scott of Divine Family Chiropractic, Tyler, TX. Laura Kelleher of Doctor’s Choice, Rahway, NJ. Kayla Harbour and Martha Rodriguez of Extraordinary Health And Wellness Center, Plano, TX. David Cunic and Samantha Rehrig of Family Chiropractic Center Of East Rutherford, East Rutherford, NJ. Justin Federman of Dr. Justin J Favreau PLLC DBA Stability Spine & Wellness, Seattle, WA. Dr. Monika Luto Ferguson Life Chiropractic Centers, LLC, Whippany, NJ. Princely Ebwe of Focused On You Chiropractic, PLLC, Round Rock, TX. Katie Barnhart of Gateway City Chiropractic, St. Louis, MO. Michelle Hobbs of Giles Family Chiropractic, Napa, CA. Brian Banman of Ideal Spine Health Center PLLC, Eagle, ID. Shannon Kirsch and Molly Wegner of Indy Family Chiropractic, Indianapolis, IN. Candace Cline of Integrative Body Health, PC, Carrollton, GA. Chessa Budai of Jubilee Family Chiropractic, Naples, FL. Heather Hoffman of Kratz Family Chiropractic, Stoughton, WI. Ruth Madrid of Law Of Life Chiropractic, Eden Prairie, MN. Ross Perry, Allison Walden and Stephanie Yim all of Levin and Miller Chiropractic Corp DBA Postureworks, San Francisco, CA. Amber Ivey of Liberation Chiropractic & Wellness PC, Mobile, AL. Miranda Lucero and Brianne Salazar of Longmont Spine and Physical Medicine, Longmont, CO. Colleen Birdsall of Lyons Health, LLC, Green Bay, WI. Victoria Nishida and Dr. April Smith of Maximized Living Foundation, Inc., Los Angeles, CA. Joanna Gatell, Dr. John Gatell, Ashli Noriega, Dr. Oscar Noriega and Dr. Krysta O’Neill of Maximized Living Health Center, Celebration, FL. Kelly Griffin of Miles Chiropractic, Glasgow, KY. Vanessa Osborn of Missoula Family Chiropractic, Missoula, MT. Dr. Paul Thebeau and Kasha Williams of Natural State Health Center, LLC, Little Rock, AR. Kelly Holman and Casey O’Connor of O’Dell Family Chiropractic PC, Webster, NY. Amanda Cartwright and Zac Grant of Oxford Chiropractic, LLC, Oxford, MS. Leah Browning of Ozanne Family Chiropractic, LLC, Fayetteville, AR. Cinthia Ro of Pacific Spine & Joint Medical Group, Inc., Daly City, CA. Rebecca Hayes of Premier Chiropractic, Stockton, IL. Sarah Peters and V. Zedella of Pure Life Chiropractic, LLC, Eugene, OR. Kelsey Oskey of Rivertown Family Chiropractic, LLC, Grandville, MI. Emma Motok of Rock Springs Family Chiropractic, Smyrna, TN. Deborah Zdenek of Rohe Chiropractic Prof, LLC DBA Inspired Chiropractic, Sioux Falls, SD. Jackie Bernal of Texas Sunset Family Chiropractic, LLC, Denton, TX. Marques Tyron of Scott D. Watier, LLC DBA Lone Star Family Chiropractic, Katy, TX. Alisha Garlin, Jessica Nguyen, Blake Taylor, Dr. Dustin Taylor and Donna Rae Willingham of James Dustin Taylor, DC, Batesville, AR. Ginger Martin of Wickiser Clinic Of Chiropractic, Anderson, SC. Nichole Balfour, Dr. Richard Kouefati, Jin Ho Lee, Rolando Lopez, Sabata Marroquin, Michael Moore, Dr. Darren Porcaro, Karina Silva and Dr. Anthony Wolke of Wolke Chiropractic and Rehabilitation PC, North Haledon, NJ. Learn More About the Chiropractic Software Network Effect. Dr. Troy Dreiling speaks about the Billing Network Effect.
Focus, Identify, Create Value and Repeat
by Garrett B. Gunderson Your recipe for working with people you enjoy, know you can help, and making more money. To be as productive as possible it is essential to be crystal clear about what your business is specifically designed to do, and who you are ideally positioned to serve. This means identifying your best existing patients and figuring out who they really are as people. If you can understand what age group, gender, education level, what they do for hobbies, what books they read, where they hang out, how much money they make, etc. then you can make it a point to go out and find more people who are just like your best patients/customers. To do this make a conscious choice to determine who is already existing and “Ideal”, and build a relationship with them. Have appreciation dinners, invite them out to hike or snowshoe, or share experiences with them. Let them become more than just clients or patients – build a relationship. In this process you will not only learn how to serve them better, you’ll understand how to attract more people just like them. This leads to a business full of people that you love to see and who love to come see you. Once this happens the profits are an inevitable result of serving those that appreciate your value the most. They key is to overcome the concern that is you focus or get to narrow that you will miss out on others you could have otherwise have worked with. Here are some questions and considerations to help address and overcome this objection. If you were to look at your top 20 percent of people you work with what percentage of your revenue are they responsible for? How many people have they referred versus the bottom 20 percent? What percentage of your time is used for addressing people that do not pay on time, do not refer people and do not appreciate your service? What impact does that have on your energy, confidence and ultimately the bottom-line? Do you think there are plenty of people in your community or even your state that fit the “ideal” profile? What would your life look like if that was who you spent your time and focus on? What level of value could you create for them? How would it allow you to focus more on value creation and less on appeasing people that do not appreciate who you are, what you do or that simply are not compliant with implementing your recommendations and getting the full value you offer? So, find the best people that you enjoy working with the most. That gets the best results and refer the most people. Focus on building those relationships, cultivating those relationships, and asking them how you can create the most value for them. To discover other overlooked opportunities most business owners miss and to gain more freedom in your business as we expose models most didn’t think was possible, yet are achievable in a short period of time, check out www.freedomfasttrack.com/cfw as I interview business strategist Brandon Allen. Brandon opened up and built Wells Fargo branches for a decade before becoming the COO of my firm, Freedom FastTrack. In order to more fully express his expertise and purpose he now shares his insights and discoveries through business expansion and management with Freedom FastTrack members. In a bottom-line, no fluff interview he will be sharing how to: Integrate metrics and numbers to improve business Unveil the biggest mistakes business owners make in managing their business (he exposed this for me and transformed my INC 500 business) How can you create and leverage your authority in your market How to address and confront employee behavior in the business Time management The key habits to run a successful business and more
Chiropractic Software Dream Practice Analysis
Dreaming of a Healthy Practice Dr. Ben goes shopping for a picture of efficiency What’s the ROI of a Dream Practice Analysis (DPA)? “Do you think about the ROI of your spending in the grocery store?” Ben was teasing his wife, but he was also still trying to decide how to approach the issue of ROI in his practice. He wanted to get his partners on board with the idea of completing a Dream Practice Analysis, but he was facing some resistance. “I guess in a way I do,” Carmen answered thoughtfully. “I consider fresh produce an investment in our family’s health and well-being, even if it costs more than chips. But groceries are usually an expense, not an investment. We have to buy food. That’s not the same as — what were you thinking about? Software?” “Practice management software. We’ve been asked to take part in a Dream Practice Analysis. The object is to figure out how what kind of return on investment we’d get from practice management software.” “Now, that’s a perfect example for ROI,” said Carmen, reaching for a jar of mustard. “Whatever the software can do, you could probably do yourselves with paper and pencil if you had the time and the skill. But automating some of those tasks can pay off big time by reducing current costs and helping you identify areas of opportunity. Software can be a very important investment and the ROI can be significant.” “I guess that’s the key to the problem,” said Ben. He quickly compared the nutrition labels of two loaves of bread before tossing one into the basket. “It’s like these labels. You can’t tell which loaf has more fiber just by looking — taking the time to check the labels makes a difference. The partners feel like we can just look at the cost of the software and say yes or no. But I think the DPA might give us more accurate information.” “Obviously,” Carmen agreed. “You know I looked at franchise opportunities before I decided to open my own pizzeria. A lot of them pointed to their management software as a big part of the value they provided for the franchise fees. The right software can replace a lot of worker hours, reduce errors that cost money, and keep your practice running smoothly. If you don’t have a handle on your finances, though, you can end up making bad investments.” “I guess that’s why they’re worrying about. It’s not like we haven’t tried different software solutions. Some have been great and some have not.” “If you make random choices about the investments you make in your company, you can expect random results,” Carmen said flatly. “I don’t mean to be harsh, but I can’t see why your partners can’t grasp that. You should never make an investment without running the numbers. If you have someone who will help you sort it out, it’s just common sense to let them help.” What’s the ROI of a DPA? Disclaimer: For HIPAA compliance, all characters appearing in this post are fictitious. Any resemblance to actual persons or actual events is purely coincidental.
Is it truly one of the inevitable things in life?
Why although paying taxes is inevitable, overpaying them doesn’t have to be. How would you feel if you found out you were overpaying your taxes? Most people want to pay as little in taxes as possible, but many times have no idea of whether they are overpaying or not. Without going into huge amounts of detail (and boring your socks off) there are a few simple things to know about taxes that can make a big difference. First, there is no better way to keep more of your own money than to make more. Often people pass up income because they might have to pay more in taxes – that’s just crazy. If you got to pay 25 cents to earn a dollar, how often would you do it? Never pass up a chance to make more money in congruence with your purpose. If you own a business, do you have the proper entity structure to maximize your tax advantages? Not all entity structures are created equal so if you have a partnership, sole proprietorship, or even the wrong type of corporation for your business, you may be missing out. Learn about how to take your income as well. Salary may be taxed differently than dividends. In my research with 117 people in my program, 107 were overpaying their taxes. More alarming is that 2/3rds felt they had it all handled and their accountant was doing a great job. If you want to find out if you are overpaying or not, take a quick look at our Financial Health Assessment at www.freedomfasttrack.com/cfw and answer a few questions. If you answer no or uncertain, then check out the Curriculum for Wealth series when I go into depth and leave nothing locked away as “secret” as I dig in with the CPA in our network to give you the insights necessary to find money that is being overpaid. So, you can check with your tax professional on the best way to employ these ideas for your specific situation, or join us on the Curriculum for Wealth as we go through the checklist of most important areas to save tax.
Client Invoice Lookup – New Feature | Chiropractic Software
With Genesis’ new Client Invoice Lookup feature, you can get a preview of your monthly invoice For everyone who works on the finance side of our client practices, it can provide peace of mind to know where their money is going… and that the right amount is going to work for them. With Genesis’ new Client Invoice Lookup feature, you can get a preview of your monthly invoice, so you can see what you’re going to be billed — before the charges are actually issued. Further, this feature allows you to look at your current invoice, or go back over invoices from any period of time since they’ve been on the system. The Client Invoice Lookup gives you the power to examine individual line items on your invoices, for improved transparency. You know exactly what you’re being billed for, and how much, thereby allowing you to dispute charges you feel were made in error. By taking advantage of this new feature, and seeing exactly how our fees are being applied, you are better able to appreciate the full value of the services Genesis provides.
Why Professionals Get Screwed on Taxes
How to Reduce Your Tax Burden & Boost Your Productivity by Garrett B. Gunderson with Brett Sellers, CPAAs a Financial Advocate to chiropractors, dentists and other professionals, I once performed a survey of my doctor clients. Out of 117 doctors, 107 of them were overpaying on their taxes—and many of them by tens of thousands per year. This can be easily avoided, and reducing your taxes is the lowest-hanging fruit for increasing your cash flow and productivity. Here are the most important things every business owner should know about taxes: Don’t Let the Tax Tail Wag the Dog of Productivity Would you rather pay $1 million or $10 million in income tax? Most people say $1 million. My answer is always $10 million, because it would mean I made much more money than if I owed $1 million. Taxes should definitely be taken into consideration with any financial plan, but some businesses actually don’t want to produce more because they’re afraid of paying too much in taxes. They base financial decisions primarily on tax ramifications. In other words, they let the tax tail wag the dog of productivity. Bottom line: Your first and best defense against taxes is always to earn another dollar, rather than limiting productivity and settling for a lower income in the name of saving on taxes. Be Proactive, Not Reactive By Using a Tax Preparer, Rather than a Tax Strategist Most small businesses have a CPA that simply prepares their taxes at the end of each year. This makes them reactive rather than proactive. Instead of anticipating and strategically solving potential tax problems, such tax preparers scramble to limit your tax liability just once throughout the year. And to accomplish this, they usually tell you to dump as much money as possible into a qualified plan, or recommend other things that you otherwise wouldn’t do except to save on taxes, which creates even more problems down the road. In contrast, a tax strategist makes tax season a non-issue by keeping you organized, creating and tracking financial benchmarks throughout the year, and limiting your tax burden. Plan for the Future, Don’t Defer to the Future Typical scenario: At year’s end you bring your taxes to your CPA, and one of her primary and automatic recommendations is to put money in a qualified retirement plan. This is lazy accounting at best. Are taxes going up or down in the future? Do you plan on being more or less successful in the future? So why would it be a good strategy to save on taxes today in a way that creates a bigger tax burden tomorrow? Of course, traditional retirement planners will tell you that when you retire you can live on 70 percent or less of your pre-retirement income, and that living on this percentage will lower your tax bracket. First of all, no one knows exactly what future tax brackets will be. And with the current economic and deficit environment do you think that tax rates are going to stay at these historic lows? Historical marginal tax rates for the lowest and highest income earners in the United States. Source: U.S. Bureau of the Public Debt Second, is this really how you want to spend your retirement years: living cheaply, afraid to spend the money you’ve earned for fear of triggering tax consequences? Do you really want to have a lower standard of living when you retire? In contrast to qualified plans, there are other products and strategies that provide much better exit strategies upon retirement while still offering tax benefits during the growth phase. This doesn’t necessarily mean you shouldn’t ever contribute to a qualified retirement plan. But such a decision needs to be part of a holistic, long-term financial plan that supports your purpose and passion, not a reactive and misguided accounting strategy based solely on numbers today. Increase Your Deductions With Confidence Entrepreneurs frequently ask CPAs for a clearly-defined, bullet-point list that spells out legitimate deductions explicitly. But Section 162 of the IRS tax code simply states that you can deduct all “ordinary and necessary” business expenses. For most business owners, this means they can and should be deducting far more expenses than they currently are. Deduct anything and everything connected with your business, while making sure you can build the case to support the connection. Incorporate to Reduce Your Rate I’m shocked by how many people operate as sole proprietors, which is the worst arrangement possible for taxes. Incorporating limits your liability and protects your personal assets, increases your deductible expenses, gives you greater tax flexibility, and helps you build a sellable business. A competent attorney that coordinates the strategy with your CPA can help you choose and properly structure the right entity. Withdraw Business Income Strategically As an owner of a business, you wear at least two hats (you may also be the landlord). You understand that you should be compensated as wages for the practice of dentistry for example, but how you withdraw business profits can have a significant impact on your taxes. Withdrawals can come in the form of additional salary or dividends. Depending on your corporate structure, the withdrawal of dividends can greatly reduce your overall tax because certain distributions of corporate profits are not subject to employment or self-employment taxes. Again, consult with a competent and strategic CPA to get further details for your unique situation. Use Cost Segregation to Benefit from Depreciation If you own your building, “cost segregation” can make a drastic difference in deductions due to depreciation. This effective but under-utilized accounting technique shortens the depreciation period of your assets for taxation purposes, and results in reduced tax liability and increased cash flow. The most effective way of segregating costs and supporting these accelerated depreciation deductions is to engage an engineering firm to perform a cost segregation study. Get Deductions by Investing in Your Business Section 179 of the IRS tax code allows you to deduct the full purchase price of qualifying equipment and/or software
How to get out of debt without giving up your life
Strategies on paying off debt faster, paying banks less interest, and having some fun along the way. by Garrett Gunderson The key to getting out of and then staying our of debt isn’t just about working harder and limiting your spending; it starts with the proper mindset. To dig a bit deeper, the root of debt comes from consuming more than you produce. It is critical to be clear about purpose and how to produce in order to stay out of debt. One must always produce more than they consume. Without discovering where there may be a scarcity mentality or limiting beliefs, debt will be a constant companion. Once you have recognized and have begun to conquer the scarcity mentality around money, then you’re ready for the tools that can help you with being efficient on paying off and understanding your debt. One of the most effective ways to approach debt is to use the Cash Flow Index. The CFI is a scoring system to help you identify the efficiency of each of your debts. This scoring system will allow you to pay off the most inefficient debts first and then allow you to prioritize the order to maximize paying off your debt. Here’s how it works. Take the balance of the loan and divide it by the payment of each debt. The resulting number is the CFI rating. The lower the number, the less efficient the debt is and the sooner you should pay it off. To pay off debt as quickly as possible, pay the minimum on all debts except the one with the lowest score. Then take all other available ‘pay down money’ and pay it toward the least efficient debt. Once it’s paid off move to the next lowest score and pay it off. Rinse and repeat. Each time a loan is paid off your debt-to-income is improved. This is the percentage of each dollar you earn that is required to be paid towards required loan payments. When this is improved, your credit score can be improved as well. With less debt load, lower debt-to-income, and a better cash flow scenario, it is time to get better interest rates. Talk to your financial institutions after paying off a loan. Refinance, replace, or restructure. Now with your interest savings, the same payment will go further with paying down principal. Create small rewards and celebrate the victories along the way. You will feel the progress, live better, and have more fun. This isn’t just about sacrifice and delay, it is about living! This is one small piece of our greatest area of expertise and result. Cash Flow! To learn the very strategies we have taught our members and saved an average of $2,484 per MONTH, check out the Curriculum for Wealth by going to www.freedomfasttrack.com/cfw.
New Genesis Network Members | April 2014
Ninety-seven new members across fifty-six practices joined Genesis Chiropractic Software and Billing Network in April 2014! There is strength in numbers due to the shared knowledge – we call it the “Billing Network Effect,” as the billing performance of each member practice improves in step with the total volume of processed claims. Each office that uses our chiropractic software will benefit. Please welcome our new Genesis network members: Cassidy Karls of Action Chiropractic, LLC, Steamboat Springs, CO. Megan Grimes of Advanced Chiropractic, Yuba City, CA. Linda Banman, Michael Banman and Jessi Rattink of Aligned Chiropractic Corporation, Kelowna, BC, Canada. Ann Wise of Art of Life Chiropractic, Nolensville, TN. Carol Berg of Back On Track Family Chiropractic, Chippewa Falls, WI. Jodi Belter and Emma Kronebusch of Back To Health Chiropractic And Wellness, Winona, MN. Devon Smith of Bartholomew Family Chiropractic, Ithaca, NY. Jenny Berry, Kaylea Cohen, David Phllips and Paige Samora of Benchmark Medical Group, Inc., Windsor, CO. Rebekah Kumm of Bridge to Health Chiropractic, Hillsboro, OR. Brandon Bishop, Sharon Camp, Dr. Trent Camp, Dr. Andrew Chas, Sarah Craig, Cori Demott, Audra Emerson, Laura Foskey, Jennifer Haldas, Sandee McMullen, Amanda Nichols, Nikki Patel, Megan Shand and Krissy Shorb of Camp Chiropractic, Inc., Middletown, DE. Andy Brooks of Carolina Chiropractic Of Charlotte, LLC, Charlotte, NC. Jessica Stanziale of Central Jersey Spine & Wellness, LLC, Freehold, NJ. Amber Stewart of Dr. David S Chalke Chiropractic PSC, Paducah, KY. Maria Gonzalez of Claborn Chiropractic, Corp., Granada Hills, CA. Alexis Mcleod of Columbia Family Chiropractic, Columbia, SC. Esperanza Marin of Connected Chiropractic, LLC, Johnstown, CO. Alli Damas of Courtley Chiropractic, Lenoir City, TN. Dr. Katally Strauss and Dr. Seth Strauss of Creation Health, LLC, Mt. Pleasant, SC. Meagan Simmons of Crouch Family Chiropractic, Bowling Green, KY. Janice Barthel of Delano Chiropractic Center, Delano, MN. Laura Dilday, Dr. Christi Shuppe and Dr. Jake Shuppe of Family Healing Chiropractic, Charlotte, NC. Joann Huff of Fort Bend Corrective Health Center, Missouri City, TX. Sandra Herbenson and Erika Urban of Hallie Chiropractic, Chippewa Falls, WI. Chad Huston of Heritage Family Chiropractic, Olathe, KS Lisa King of Integrated Spine & Disc, Mandeville, LA. Dr. Melanie Gartside and Brad Holtgrave of Invision Family Chiropractic, LLC, Bentonville, AR. Jodi Ebert and Brittany Holzer of James E. Judge, St. Charles, IL. Sarah Mancha of Keen Family Chiropractic, Austin, TX. Meaghan Martin of Life Is Good Chiropractic, LLC, Brodheadsville, PA. Amanda Childs of Livingood Family Chiropractic, Cary, NC. Janette Tlaseca of Lombard Chiropractic, Lombard, IL. Cameron Nyman and Milton Sniadach of Longmont Spine and Physical Medicine, Longmont, CO. Lauren Nicholas of Maryland Chiropractic, Silver Spring, MD. Zulma Valerio of Milonas Chiropractic, Naperville, IL. Dr. Brent Fetzer of New Life Chiropractic, Brentwood, TN. Joanna Munoz and Heather Pfeiffer of Next Level Health, Rockford, IL. Yolanda Barbosa, Veronica Ortiz and Tierney Rattler of North Dallas Chiropractic Center, Dallas, TX. Adam Ponchick of Pacific Spine & Joint Medical Group, Inc., Daly City, CA. Erin Cleary of Paris Chiropractic, Rockville, MD. Stephen Ramirez, Fija Reed and Nicole Stasio of Postureworks, San Francisco, CA. Dr. Jacqueline Buscemi of Proactive Chiropractic, LLC, Rockville, MD. Linda Blackshear of Pss Injury Wellness – E D Schneider DC PC, Atlanta, GA. Leslie Clements and Dr. Marty Lorentz of Purpose Chiropractic, LLC, Onalaska, WI. Britteny Robrahn of Rivertown Family Chiropractic, LLC, Grandville, MI. Dionna Couch and Lauren Oldham of Rock Springs Family Chiropractic, Smyrna, TN. Kent Gallego and Birgit Hefler of Shin Wellness, LLC, Miami, FL. Vicky Letson of Sports & Spine Chiropractic, Dallas, TX. Penelope Ortega of Stability Spine & Wellness, Seattle, WA. Olivia Schinski of Summit Family Chiropractic, Coeur D Alene, ID. Sheryl O’Toole and Kristine Sharpe of Sweeney Chiropractic Wellness Center, LLC, Franklin, TN. Dr. Khaled Azizi, Zoe Frassetto, Stephanie Knaeble, Ryan Mahrt, Robin Rath and Koreana Schmittat of Symmetry Spine And Wellness Center, Alameda, CA. Dr. Kayla Glover of Tri-City Family Chiropractic, LLC, Arlington, TX. Desiree Pardo of Trinity Chiropractic – Bohemier, Naples, FL. Joessa Austin of Woodbury Family Chiropractic, Woodbury, MN. Cortnie Belmonte and Dr. Robert Belmonte of Woodland Family Chiropractic, LLC, Kentwood, MI. Soria Mam of Zenaptic Chiropractic, Vancouver, WA.
What does a Caveman, Lizard (Gecko), and Progressive’s Flo have in common?
Why cutesy marketing is costing you money and leaving you exposed. by Garrett Gunderson If you’re like most people, you are overpaying for insurance (and it isn’t because you chose cavemen or lizards or maybe those are geckos). What’s even worse is that in spite of paying too much, you may not even be properly covered if something major happened. How would you like to pay less money for more insurance coverage? The purpose of insurance is to cover the ‘big stuff’ that would be catastrophic or you don’t want to dip into your assets or income for when it happens. You can likely cover the small claims, fender benders, petty theft, wind damage to the house, etc. out of your own pocket – especially if it saved your money each month on your premiums, right? However, could you cover a $500,000 claim? Most people can’t… So it makes sense to consider raising your deductibles to save money, and then using those saved dollars to get the highest limits possible on your coverage. This way you’ll have coverage where you need it (the big claims) without the extra expense of a low deductible taking your money every month. Let me explain more… Small ‘fender bender’ type of things happen the most often, so a low deductible costs a lot. However, the six figure claims are rarer, so higher limits are quite affordable. Often raising your deductible a few hundred dollars offsets the cost of getting hundreds of thousands of dollars in additional coverage. So consider raising your deductibles to match your comfort levels to save money. Next increase your limits so they will protect you from the claims that could take everything you’ve worked to hard to save. With a little luck it’s likely that you can be paying less for a LOT more coverage. Even though I have to admit, some of the insurance commercials are entertaining, it isn’t a laughing matter to overpay or be over exposed. In the areas of car, home, and liability coverage there are several components: Personal Injury Protection Medical Payments to Others Deductibles Property Damage Uninsured Liability Limits Under-insured Liability Limits Bodily Injury Liability Limits Underlying Limits Replacement Coverage Actual Cash Value Coverage and more with just these three types of policies. Most of the time I find duplicate coverages, unnecessary exposure, lack of coordination or understanding for that matter. If you want to dive in further make sure to check out your own situation for free at www.freedomfasttrack.com/cfw.
