Filed under: Business Tax Planning, Canadian Business, Canadian Business Channel, Corporate Tax Planning, Individual Tax Planning, Investments, Media's Opinion, Small Business Resources, Sustainable Future, business | Tags: abundance, Golioth Enterprises, green accounting, holiday season, life's passion, prosperity
Hello to all, I wanted to extend my wishes of a merry christmas and a happy new year to everyone. It has been a prosperous year with an even better one to come! I wanted to share some of my insights from 2008 with all my readers in the hopes of sharing some positive stories and feedback, because the media just isn’t cutting it lately. They obssessively seem to be stuck in doom and gloom land which I will not give credit to or pay attention to.
2008 was an awesome year for Golioth Enterprises, it confirmed what I always knew to be true. Like a scene out of “Field of Dreams” I had the notion to build Golioth Enterprises as if a voice in the quiteness of my mind was saying if you build they will come… sound familiar? So I did, I designed websites, blogs, database templates and built networks of pepole across the web who were interested in the same thing I was interested in… What was it? Business/Tax Planning for Eco-friendly businesses! So the word spread and I stuck to my orginal intention of assisting as many people and businesses to propser in 2008; and so they did. My intention as I have always stated in my blogs was to assist the many (everyone I can) and not the few (myself) and my true passion came to life more than it ever has. To my self this is a Christmas Gift that no other gifts can compare to, because it reaffirms and gives purpose to my passion and essence.
So with this being said all I can say is: Merry Christmas to you and yours and have an abundant & joyful 2009. May it be the best year of our lives yet to come. Live in love, health, wealth and prosperity.
Cheers,
Saverio Filippis
Golioth Enterprises – Unlimited Accounting Support for your Green Business!
Filed under: Business Tax Planning, Canadian Business Channel, Corporate Tax Planning, Investments, Media's Opinion, business | Tags: abundance, financial state, Golioth Enterprises, green accounting, needs of the many, stock markets
Hello all, I thought I would take the time this week to speak about something that has been on my mind for the last little while. The media’s ludicrous take on the state of our markets right now. I know that the markets are down after being highly and ridiculously over inflated for the last little while. The readjustment to the markets we are witnessing is as simple as a law of nature almost. The market over time readjusts to its natural state. Ask any financial planner on this earth they will tell you the same.
Now my beef with the media, is they spread doom and gloom and compare everything to the great depression of ‘29. For those of us with a true understading of the universe and the mind’s potential we see opportunity and a chance to share our gifts to the world. In such times where the media exaggerates the gloom and scarcity that we are in supposedely; we entrpreneurs see nothing but a chance thrive, create greater abundance for all and create a greater network of working knowledge and wealth for all.
This is not a point of view of taking advantage of other’s misfortunes, rather a chance to make an even greater contribution to society, our planet and elevate people’s conciousness to understand that your passion and goals are here to enrich the lives of the many (everyone) and not the few (ourselves). I hope these words will be read and not fall on deaf ears, because perhaps then the media may finally be anouncing something great and optimistic and not have such a pessimistic and cynical view of the world.
Cheers and abundance for all.
Saverio
Filed under: Individual Tax Planning, Investments | Tags: canada, deductions, egg, equity, green accounting, hoome, nest, plan, planning, retirement, revenue
Hello to all, I wanted to share some information that I deal with everyday that I am not sure if Canadian homeowner’s are aware of. This is aside from the business perspective but still tied into it because we are all here to make money but also save money in the long run. A lot of financial institutions offer what is called a “total equity plan mortgage” or some name close resembling that. The concept of this type of mortgage is that you can take the equity that you have built in your house (up to 75% of your home’s total worth) and after paying some of it off with your hard earned money you can borrow some more on a line of credit. What? 
You are probably asking yourself. Why would I want to take on more debt? This is smart debt to take on, if one can do it.
There is a trick to this logic, when borrowing on the equity of your home; you are only required to pay back interest only. The trick is to have your money invested earning between 10 to 12%; on good years up to 18% and build your nest egg. The interest you are paying because you are a Canadian citizen is fully tax deductible if it is used for investment purposes only as per Revenue Canada guidelines on schedule 4 of a T1 general.
With this type of a plan you can finally earn equal to what the bank earns off of borrowing your money and reinvesting it, while it is sitting in your cozy, high paying 0.2% savings account. This is one of the many tricks that banks never tell you about that over time are savings that could have resulted in much larger nest egg, in addition to the money refunded in your pocket at year’s end by Revenue Canada as per the interest deduction mentioned above.
Until the next post,
Prosperity and abundance,
Saverio Filippis
