News on Youtube Jun 26 2018

- You wanna make a video, but how much does it cost?

After this video, you're gonna know what you need budgetwise

to hire the right videographer and create your video.

Let's go.

Hey guys, I'm Amanda Horvath and I run a video marketing

agency in Austin, Texas.

I am all about teaching business owners how to leverage

the power of video to grow their brand without breaking

the bank or taking up tons of time.

If you're new to this channel, be sure to hit

the subscribe button and the bell to be notified

every time I upload a new video.

Creating a video is a lot like building a house

or planning a wedding.

You can do it on a budget or you can pull out

all of the stops.

In this video, I'm gonna teach you five considerations

that you should take to determine your budget and also learn

how to reduce your budget to save money.

Number one, how experienced is your videographer?

You've heard it before, you pay for what you get

and it's no different in video.

If you hire someone that doesn't have that much experience,

yes, you're gonna get an amazing deal.

They might be willing to do a video for 350 to $500

but it's definitely gonna come with its down sides

and you're gonna have to expect

that hiccups will likely occur along the way.

Now, if you go up a level and you hire someone with

experience, they're likely gonna charge 50 to 75% more.

But you're still going to get a better deal than going even

up one more level where it's more of

a boutique production house where they're going

to have to be charging for overhead.

So just think about the experience level and the level

of business that they're actually running.

Here are a few hourly rates that might fall amongst each one

of these levels.

I usually recommend to people that you budget for at least

15 to 20 hours per video.

And of course this is gonna depend on the complexity

of your video.

The second consideration is how big is your concept.

It's so easy to want this pie in the sky big concept idea.

You want a video like Dollar Shave Club.

You want a video like Poo Pourri.

Well, I would consider that pulling out all the stops.

Rather than thinking on that level, I encourage you to think

about what is possible.

That's really the level that your videographer is going

to be thinking on so you wanna be on the same page.

What resources do you have available to you that you don't

have to pay for, location, friends that could be actors?

How can you use those to cut the budget?

The third consideration is how scripted is your video.

So a lot of business owners, they think that it's good

to just show up and wing it on the spot.

And this really makes it difficult in editing because you're

going to wanna figure it out in the editing room and that's

gonna take a lot of extra hours plus you're not actually

shooting for the edit.

And what I mean by that is if you can think about

the deliverable ahead of time, what the video actually looks

like and you shoot specific parts of the video, then when

you get into the editing room, all you have to do, cut down

that one part of the video, cut down the second part of the

video and it's a lot easier.

So the more planned and more scripted your video will be,

then the lower the budget can be for that video.

The fourth consideration is how many interviews are you

going to have in your video.

The more interviews that you have, the more it takes to

shoot the footage and actually edit it down

in post-production.

So that means more time which means a bigger budget.

For a minute and a half to two minute video,

I would not recommend having more than three interviews.

In fact, you could likely get away with just one interview

and maybe have supplemental people if you need it,

but definitely try to limit the number of interviews that

you have for your video and this is gonna save you money

on your budget.

The fifth and final consideration is if your video is going

to have animation or motion graphics.

And no, I don't mean lower thirds where it comes on and it

says your name or a logo fade out at the end.

Those are simple, they won't spike your budget.

But any time you're wanting to add animated text that is

really interesting and dynamic, that's definitely gonna

spike the budget because it takes a lot more pre-production

than a lot of people think.

You really need to plan out the entire animation

before you do it.

So that takes a lot more time

which is going to spike the budget.

Hopefully, that gives you an idea of what you should budget

for your video.

So use these considerations to bring down the budget as much

as possible, choose a videographer at your experience level

that you need and you should be good to go and be able to

stay within budget.

Let me know in the comment section below which part of this

video you found the most helpful and if you like this video

be sure to subscribe, share it with your other

entrepreneurial friends and be sure to hit that like button

so that I know you like it and I can create more videos

just like it.

I'll see you in the next video.

In this video, I'm gonna show you...

I've already kind of said something like that, okay.

What video am I doing?

Yeah, no, okay, I'm back on track.

(laughs)

Four, four, four.

Okay, that's probably pretty stupid.

Don't you know not to call me?

How'd that happen, I'm on do not disturb.

Shit, there are five.

- [Assistant] Five videos?

- There's five considerations.

(laughs) - [Assistant] Oh.

For more infomation >> How Much Does A Videographer Cost? - Duration: 5:52.

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What Are The Closing Cost On My Mortgage Loan? | Fire Your Landlord - Duration: 4:49.

Hey this is Chris the mortgage pro. People ask me about closing costs, you

know closing costs are different from the down payment. Certain programs have a

requirement that you put a certain percentage down. Now, these are different,

they are fees such as we have appraisal we have a credit report

we have processing we have underwriting these these fees the standard things but

then we have escrow fees now the escrow company gets paid certain fees and some

of them might be a dock drawing fee they might have a printing fee to print the

documents there's gonna be a notary fee they're gonna have a loan tie-in fee if

there's a loan tied in with the transaction they're going to add a

couple of hundred dollars on we also have title they have numerous fees

there's recording fees to record the loan with the county so that it's your

house and we guarantee it so all these fees together they can add

up to quite a sum of money now on top of the fees there are other costs what are

they well depends on what month of the year depends on how many months taxes we

need to get so that we put them in together in an impound account so your

payment you make one payment includes your taxes and your insurance when we

start the loan basically you're gonna pay 1 years and 3 months

homeowners insurance up front we're also gonna pay you know if we're in April

we're gonna put three months taxes if we're in September it's gonna be nine

months taxes so it's something that's out of our control but it's something

that we have to come up with the money for and depending on the loan amount

we'll also determine what are the fees from the title and the escrow company if

you're paying points sometimes you pay points to buy the rate down to get a

lower interest rate or sometimes you have a low FICO score and we have to

charge points those are also dependent on what is the size of the loan so very

common $300,000 loan $8,000 $7,000 could be nine thousand dollars depending on

the time of year and how do we pay for those well this

three way is usually that they could be paid for

number one is you pay most people say I don't really want to pay it well that's

the reality you can pay it or we can ask the seller to pay it or pay some very

often we'll ask the seller to pay $8,000 in closing costs and the sellers going

to come back and say I don't not paying 8000 but I'll help you out I'll pay 4000

or I'll pay 2,000 now in a very competitive market like today when you

make an offer on a house we really don't want to ask for closing costs because

what are they going to do which offer they gonna accept that if you're

offering 300 thousand somebody else is offering 300 thousand but you're asking

for closing costs they gonna get less so like anybody else they want the most

money for their house so when you buy you got to consider that now the third

way to pay closing costs is if you have credit is reasonably good we can raise

the interest rate up and by doing that we get what's called a lender credit

example if I've raised on an FHA loan approximately a half percent on the

interest rate I can usually get about one and a half percent of the loan

amount so on a $300,000 loan I've raised the interest rate a half percent I have

$4,500 to lower your closing costs with so sometimes you pay some the seller

pays some and we raise the rate a little bit and we get that combination it could

be any combination of the three one two or three but that's what closing costs

are now there's a couple of closing costs that are paid upfront and that is

an appraisal the appraisal is paid it depends on what type of loan whether

it's a VA loan FHA loan or conventional loan what type of appraisal is required

so the the fees can change just a little bit within fifty to a hundred dollars

the other fees we do not collect upfront for credit report fees and those type of

things but sometimes we do have fees for a VA loan we have to have a termite

report but the good news about you vet if you're a vet you're not allowed to

pay that so we cover that for you too so be prepared you

I have to put a little deposit down with your realtor talk to them about that and

the appraisal upfront the rest we usually work it out as we go this is

Chris Trapani and I'm gonna help you fire your landlord

For more infomation >> What Are The Closing Cost On My Mortgage Loan? | Fire Your Landlord - Duration: 4:49.

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This Many Cans of Coke (Soda) Will Kill You - Duration: 7:47.

Today we're taking a look at America's favorite junk food: soda. We've all heard the news

reports and scientific studies, and we probably all have that one health nut friend who tells

us just how terrible soda is for us, and while soda drunk without moderation is certainly

very bad for you, just how much would it take to actually kill you?

A long-term study in Sweden tracked 42,000 participants over the course of 12 years and

kept tally of how much soda and sweetened juices each person drank per day. At the end

of the study, 3,600 men suffered heart failure, and those who drank more than two cups of

soda a day were at a 23% greater risk of heart failure than those who didn't. But we all

know soda is bad for you in the long term, and the links between sugar and heart disease

have been established for decades now. The real question is just how bad is soda really,

and how much would it take to kill you in one sitting?

The main ingredients of any soda are carbonated water, sugar, phosphoric acid and caramel-

so let's take a look at each ingredient by itself and see what it might take to deliver

a fatal dose to the average person.

Nobody likes to hear that they're drinking acid, but luckily the phosphoric acid used

in soda and many other food products is considered a 'weak acid'. While concentrated it can certainly

be harmful, and in fact one of the old wives tales about soda being used to clean rust

is not entirely untrue- phosphoric acid by itself is used in heavy industry to remove

rust from machine parts. However, this is the concentrated form of phosphoric acid,

and in fact what you drink in a soda or eat in other foods, such as the jelly and jams

to which it is added, is so weak that the saliva in your mouth is enough to neutralize

it. Still, the long-term effects of phosphoric acid consumption have been shown to lead to

osteoporosis, as the acid leaches calcium from your bones and weakens them.

But how much would it take to kill you in one sitting? To find out, we have to look

at Phosphoric Acid's LD-50 rating, a scientific measuring tool used to rate a substance's

toxicity. Since people vary in physiologies due to genetics, body mass, and general health,

scientists use an LD-50 rating, aka Lethal dose 50 rating, to determine how much of a

substance it would take to kill 50% of people who ingested it. Scientists use the values

discovered to be lethal to test animals such as rats and rabbits for obvious ethical reasons,

and while these cannot be directly taken at a 1:1 value versus human beings, they provide

a very accurate and safe standard to go by.

According to its material safety data sheet, Phosphoric Acid has an LD50 rating of 1,530

milligrams per kilogram if ingested orally- this means that any concentration reaching

1,530 milligrams per kilogram of a person's weight will be deadly to half of people who

ingest this amount. With the average human being weighing 137 pounds, or 62 kilograms,

this means that you would have to ingest 94,860 milligrams to have a 50% chance of dying!

That's .1 kilograms, or .2 pounds of concentrated phosphoric acid.

The average soda contains about 60mg per 12-oz can of soda. So in order to keel over dead

from phosphoric acid poisoning 50% of the time, you would have to drink a whopping 1,581

12-oz sodas in one sitting!

Let's move on then to some of soda's other ingredients, namely: the caramel food coloring

added to nearly every soda. Here again old wives tales and internet rumors fly unchecked,

with nearly all of them telling us that the artificial coloring used in sodas is carcinogenic

and dangerous to humans. Yet a 1992 study, with results repeated over the subsequent

decades, found that long-term exposure of caramel food coloring to rats discovered no

long-term toxicological effects. During the study, five groups of rats were fed five different

concentrations of the food coloring in their food and water, representing concentrations

similar to what the average human might consume, and two levels above and below that standard.

After several 13 week observation periods, the scientists could find no direct toxic

effect from the caramel food coloring. Turning once again to caramel food coloring material

safety data sheet, we find that there is no LD50 value listed, making a guess to just

how much it would take to kill a human impossible.

Before you start feeling better about that 2-soda-a-day habit you've been trying to kick

though, let's look at soda's most infamous ingredient: sugar. Sugar's long-term health

effects are very well known, and while for decades the sugar industry lobbied both the

American consumer and congress to keep its terrible health effects from being known,

various independent studies in the 70s and 80s began to tear down the illusion the sugar

industry had manufactured that it was fat, and not sugar, that was the real health concern.

Today we all know better, and yet sugar remains one of our favorite ingredients, with the

average American consuming a whopping 66 pounds every year!

So how much sugar would it take to kill you in one sitting? First, it's important to note

that your body needs sugar to survive, and thus it is specially adapted to use sugar

to produce energy, making it one of the less toxic ingredients in soda. But the human body

has its limits- sugar's material safety data sheet states that it has an LD50 rating of

30 grams per kilogram, and the average 12 oz. can of soda contains about 39 grams of

sugar. Using our average human weight of 137 lbs, or 62 kilograms, you would have to consume

62,000 grams of sugar at once to run the risk of death- or about 1590 cans of soda! Almost

as many cans as it would take to kill you from phosphoric acid poisoning.

That leaves us with good old water. Our bodies are mostly water, our planet is ¾ water,

just how dangerous could water in soda really be for us then? The answer just might surprise

you.

Every year emergency rooms around the world treat millions for water intoxication, or

the overindulgence of water. In 2007 a California woman died from drinking too much water after

competing in a radio station sponsored contest called 'Hold your wee for a Wii'. After three

hours of drinking water, she passed out and was rushed to an emergency room, only to die

minutes later. But what exactly happened, and how was water the culprit?

Your body contains a certain amount of electrolytes diluted across your cells and blood stream.

These electrolytes form electrically charged particles in body fluids, which are vital

for transmitting the electrical energy needed for all the muscles in your body to work effectively.

When you overindulge in water you dilute the concentration of electrolytes present in the

body, making it harder for electrical signals to travel, potentially causing muscles like

those in your heart to simply stop working. As a matter of fact, the balance of electrolytes

in your body is so finely tuned, that just a 2% dilution can lead to symptoms such as

fatigue, nausea and cramping.

For the average human being to run the risk of water intoxication, they have to consume

6 liters of water, or 1.5 gallons, in a relatively short amount of time. With water making up

90% of a soda, that's 10.8 ounces per 12 ounce can- meaning in order to run the risk of death

you would have to drink 203 ounces of soda, or just 17 cans of soda at once. If you find

this surprising, don't worry- most people are unaware of the danger of water toxicity,

to include professional and amateur athletes who make up over half of all water intoxication

cases reported annually.

So there you have it- after looking at all the various ingredients in soda, we've discovered

it would only take 17 cans at once to kill you. After all the rumors and clickbait spam

articles across social media, who would guess that in the end it wasn't a scary chemical

that was the most lethal in soda, but rather that thing that we drink by the glassful every

single day: water.

Do you plan on cutting back on sugary drinks? Or do you plan on drinking them to your hearts

content? Let us know in the comments! Also, be sure to check out our other video called

Vegans vs Meat Eaters - Who will live longer?! Thanks for watching, and, as always, don't

forget to like, share, and subscribe. See you next time!

For more infomation >> This Many Cans of Coke (Soda) Will Kill You - Duration: 7:47.

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The Basics of Disability Insurance Part 1: How Much Do You Really Need Disability Insurance? - Duration: 35:13.

Paul Adams: Hello and welcome to Sound Financial Bites.

My name is Paul Adams, CEO, Sound Financial Group.

With me today is Cory Shepherd, president of Sound Financial Group.

Welcome to the ... Cory Shepherd: Well thanks for having me on.

How many times do I have to be on before I'm not a guest anymore?

Paul Adams: I don't know.

Given that you're actually driving the conversation today, I don't know.

But we're glad to have you anyway.

One day, you'll be glad to have me and I'll be the guest.

Cory Shepherd: I look forward to that day, very soon.

Paul Adams: That's going to be exciting.

So, today's topic is talking about something nearly everybody owns at some point in your

life.

Nearly everybody knows someone who has had something happen to them that prevented them

from working, either sickness or injury, and that's disability insurance.

What gets skipped all too often is that people end up buying it either because it's a check

box at work, like just check for the group benefits, or somebody intersects into their

life and sells them a policy.

But rarely, if ever, do you find a place or a resource you can go to simply say, "Here

are the things that you need to think about philosophically when acquiring disability

insurance and here are the contractual provisions you need to make sure are there if you can

get them, given your occupation."

Paul Adams: That's our topic today.

Cory's made a bunch of notes and really thought through everything that we should hit.

With that, I'm gonna hand it to you.

Cory Shepherd: Great.

Most of us do have some experience with disability insurance, whether we know it or not.

We're all actively making a decision of omission or of action if we work for a corporation

and we have group benefits.

I think that a lot of people, a lot of times the corporation's paying for it.

We're actually not even paying for the disability at all and we think that means it's all taken

care of, when in fact those can be the situations where we're leaving the most gap on our balance

sheet.

So, we're gonna talk philosophically about why it's important and then some things that

you really need to know when you're reviewing this for yourself.

Cory Shepherd: The first is, for any client who is not yet significantly compiled a good

amount of assets, and that's a doctor right out of school, any professional in their 30s

and sometimes 40s usually hasn't had the time at their income earning potential to develop

a large balance sheet of a 401(k) or an investment account.

Well that means your income is the single biggest asset on your balance sheet.

I think Paul, you have something for us to look at to start illustrating that.

Paul Adams: Well, there's one thing I'd love to talk about before we get into it being

the biggest asset on your balance sheet.

That is all of the stuff that could be available through your work has nothing to do with actual

long term disability insurance full protection.

Let's start with why you'd protect yourself at all from anything.

What are our two rules, Cory?

What are the two things that must happen to say if you're gonna protect yourself, these

two criteria are how to judge to protect yourself or not?

Cory Shepherd: Well it's got to be catastrophic and it's got to be infrequent, whatever thing

we're protecting ourselves from.

We have a podcast that goes deeper into that, but just for now, just think of it in terms

of we probably wouldn't ever get insurance on, say, breaking our dishes in our house

because it probably happens somewhat frequently and it's not really a catastrophic loss if

we break one of our plates, for most of us.

We aren't gonna insure something like that.

But there is a reason why we're by law required to have car insurance, is that it happens

often, people get in car accidents, but it's infrequent enough that we can actually have

a corporation make an insurance policy around it, and it's catastrophic enough if it happens,

it's got to protect.

Paul Adams: Yes.

And the third component is if it's catastrophic it's loss, so we could better protect its

full replacement.

So, catastrophic, full replacement, and of course it's got to be infrequent enough or

no one will insure it.

At your work, oftentimes you'll see disability insurance and once again say it's handled,

but it may be one of two things, short term disability, meaning it's gonna last you six

months.

Now that doesn't meet our criteria of being catastrophic.

A six month disability is awful, no question, but we should have enough money on our balance

sheets to weather that little bit.

But it also needs to fully replace our income.

So if we're disabled for five years, clearly the six months of disability insurance doesn't

cover that gap.

So, catastrophic, full replacement.

The other thing that doesn't cover that are accidental disability plans.

Cory Shepherd: Oh yeah.

Paul Adams: You have all the things Cute Duck that tells you to get this coverage, and it

saves the day for a bunch of people, and that could be true, but for the clients that we

tend to work with, people between 300000 and a million five of income, those policies get

little to nothing done, and they only pay in the case of accidents.

Let's think about that for a moment.

That means that if I get hit by a car or if I die in a plane crash, my family gets properly

and completely financially remunerated for anything that would happen to me, but if I

die the way everybody does, statistically speaking, everybody dies of a sickness or

injury, or gets disabled due to a sickness or injury, not an accident, then my family

is up a creek literally without a paddle.

That's why we call that gambling, not planning.

Paul Adams: That's pure speculation that what's gonna take me down is that very unique niche

thing, not something across the board because what we're protecting is the income.

We're not meaning to speculate that I'm gonna be taken down by a rock climbing incident,

or a- Cory Shepherd: Airplane crash.

Paul Adams: Airplane accident, yes.

So those are two things just to keep in mind, even before we get into that.

Let's just cut over.

I'm gonna come back to what we call the pool of one gamble.

All right.

Let's take a look at some of these actual balance sheets.

Here we have a family.

This is using a tool that we have that helps clients aggregate everything they have, both

things they might have with us, and things they would have anywhere else, to give the

client full situational awareness and transparency about their money.

Let's look.

Paul Adams: These people have an emergency fund.

They have joint investments not in a retirement plan.

A bunch of money in investments.

Somebody in their mid 40's, they've even managed to acquire a vacation home.

They've got a little bit of life insurance, reasonable mortgages, a little bit of credit

cards they need to knock out.

Not a big deal.

Decent net worth, 1.8 million.

Now if I were to ask you, what is the most valuable thing this person has in terms of

assets, people would regularly scan through here and go, "Maybe that Roth IRA because

it's gonna grow tax free for the long run or Frank's 401(k).

It's got several hundred thousand dollars in it."

People change what they value.

Or they might say your home.

Your home is the best asset.

We have other videos on that.

We don't think your primary residence is an asset.

Paul Adams: But right here is where people get really confused.

What they forget is the most valuable asset is their not the capital in the 401(k), but

their human capital at work in the marketplace.

Let's just take for this person, say they're making 350000 a year.

Can I put you on the spot, have you just grab a calculator.

What we want to do is just take this person, say 38 years old.

Let's just round it to 40, so it's a nice 25 year period, Cory.

Saying that they plan on exiting the workplace at age 65, and they're making $350000 a year,

and they never get a pay raise, for the sake of my example.

They're doing good and that's it.

That's all the best they're gonna do.

What do we have in terms of total earnings over the lifetime without inflation?

Cory Shepherd: Yeah.

Just the cash that's flowing through their paycheck over 25 years, 8.75 million.

Paul Adams: 8.75 million.

That really dwarfs- Cory Shepherd: Anything.

Paul Adams: 1.8 million.

It dwarfs nearly anything else you could have on your balance sheet.

You are your most valuable asset.

Not by a little, by a long shot.

And yet people never think for a second to do without homeowner's insurance.

Many people pay off their homes.

In fact, I just asked a client the other day, whose home is paid off, and we were in this

conversation.

They said, "Disability insurance is kind of expensive.

I think we have enough assets."

They got a couple, three million.

I said, "Well, can I just ask, you own your home outright.

The odds of your home burning down are infinitesimal next to losing your income for over a two

year period.

Would you be comfortable if I told you let's go ahead and stop paying for your homeowner's

insurance because what's the likelihood it's gonna happen?"

Cory Shepherd: The advances in fire retardant building materials have happened much faster

than medical technology.

Paul Adams: Yeah, at least in terms of not ... and the other problem is now we don't

die.

When we get sick or injured, stuff that used to kill us 20 years ago, we just keep limping

along.

There are insurance companies where actuaries have come out and said, "We're not doing any

more long term care because people have basically stopped dying.

Really good for our life insurance business, really awful for any of our morbidity based

businesses like disability and long term care."

So that's first and foremost most important.

It's the most valuable thing we have.

Paul Adams: But I just leaned into a little bit what are the odds.

What are the statistics?

How likely is this to happen?

For those of you that have experienced our philosophy conversation or even looked at

some of our YouTube videos, you're gonna be familiar with this concept of the parachuter's

paradox, or the pool of one gamble.

It's this.

In the real world, everywhere outside.

I won't say everywhere, but most everywhere outside of talking to us, this is the way

we naturally relate to risk.

If somebody says, "Well what are the odds?"

I'm a parachuter.

I'm strapped to the jump instructor, and we're getting ready to jump out of the plane.

Right before we do I say, "What are the odds this doesn't work out?"

We're about to jump out.

We're at 13000 feet.

It looks like a long way.

What are the odds this doesn't work out?

He says, "You know what, it's no big deal.

Only one in 100000 times does this not work out."

Paul Adams: Here's what your brain does, is what my brain naturally does, is we look at

that risk and what we mentally do is we spread the risk equally across all 100000 and make

it not that bad of an impact.

Like 100000 people jump out of an aircraft and everybody lands slightly harder.

And as soon as I start saying that, your brain's already working ahead of me going, "But that's

not how it works."

How it really works is 99999 of them land fine and one of them makes a dent in the planet.

That is the pool of one gamble, because there's a 0% chance of you getting disabled.

Zero.

It is not going to happen, especially if you're health enough that somebody would actually

issue you a disability insurance policy.

The odds are as close to zero as you could ever get, or they wouldn't give it to you,

unless it's 100%.

You see, it's either 0% likely or 100% likely to you.

Paul Adams: If there's a pool of people, you're looking at 100000 people, then you could make

a judgment of likelihood.

That's what the insurance company does.

But to us as individual, catastrophic losses, what it takes is one time happening and it's

100% likely.

Cory Shepherd: It's kind of like the children's message I heard from my pastor once as a kid.

The beach full of starfish, sea stars, drying out after the tide had gone out and this little

kid throwing a few back in.

The dad's like, "It's not gonna make any difference.

There's so many out here."

And the kid's like, "It matters to this one," and throws it back in the water.

It matters to the person that the disability happens to, and it's ... I love that.

Paul Adams: It 100% happens to them or 0% happens to them.

And that's more how we have to think about these risks when we're looking at systemic

risk on your balance sheet.

What are the things that could interfere with everything?

I want to say that again.

What's the one thing that could jeopardize everything?

There might be more than one of those one things.

We talk with clients as we're building the moat around their castle.

That could be your will and trust.

It could be having a proper umbrella policy.

Maybe having an appropriate disability insurance or it may be a life insurance policy, but

those are one things that could dismantle, jeopardize everything.

Paul Adams: And all we have to do is get them protected and protected properly.

By doing so, what do we do?

We assure that our plan has the best chance of completing.

The appropriate amount and structure of insurance has the opportunity to become assurance that

our plans can be complete.

Okay.

Paul Adams: I want to do one more philosophical thing and then we could roll into part two,

where we dig more granularly into contract, visions, etc.

Cory Shepherd: I'll allow it.

Paul Adams: Very good.

Consider this.

If you get sued, and somebody invades your balance sheet, what they're actually taking

from you, realize it or not, is your time.

Your time is what gets taken away from you.

If you're 45 years old, you've been working in the marketplace for 25 years, you've accumulated

$1 million of assets and you get in a car accident and get sued, what happens?

Your time that you've put in thus far is taken from you.

If they garnish your wages out to the future, future time is being taken from you, not to

mention time in the present and distraction.

Everything else it was to deal with a lawsuit like that, hire attorneys, wonder what's gonna

happen.

Time taken away.

Paul Adams: Same thing happens if you were to get disabled.

Because what happens?

All the time you put in progressing your career to the point that you make the amount of income

you make now, all of that get taken away because now suddenly you can't do your career anymore.

Maybe it's not permanent.

Maybe it's just a couple of years.

Here's what I want to have everybody think about.

How many years, if you have 400000 or 500000 of investible assets on your balance sheet,

how many years could you provide your current lifestyle before you wiped out everything

you've done so far?

I'm gonna say that again.

Paul Adams: Let's say you're making 350 a year, and you're good, you're really good

at saving money, setting money aside in your wealth coordination account, buying assets,

but you still have a household that consumes $200000 a year.

Maybe you got as low as 150.

$150000 of consumption each year would wipe out a $400000 or $500000 balance sheet in

a matter of three years, and that's if it's all investible.

I didn't count buying or selling your real estate property, all that.

It's bad.

It wipes out everything you've done so far in a very short period of time.

And it steals your future earning potential.

Paul Adams: That's what we're trying to do, is control these controllables with protection

so that we can embrace and tilt ... you don't know what you're gonna make the rest of your

career, how you're gonna position yourself for the next raise, or if you're a business

owner, the next market expansion.

You don't know exactly how all that's gonna go, but there's certain things that we can

know very clearly and do everything we can to bank on that economic certainty by controlling

these controllables and giving ourselves enough time.

Because if you save enough money and you don't make any radically speculative investments,

all you have to have is enough time to produce the financial future you'd want that includes

definite financial independence and being able to have a work optional lifestyle.

All you have to have is enough time.

Paul Adams: Getting certain things done, putting the moat around your castle, is buying you

the time necessary to make sure that your plans can come to fruition.

With that- Cory Shepherd: I'm gonna hook on a positive

note, or places on a continuum.

The question you asked was how many years can you provide a lifestyle, right?

The person who retires with all the confidence in the world is doing that because they're

answering that question with, unlimited.

As many as I need.

Disability insurance, your income, we're all in this continuum of how do we get your balance

sheet to this spot where it can say, I'll give you all the years that you need.

It's all one conversation.

Paul Adams: That's it.

Cory Shepherd: It's all one- Paul Adams: Yeah.

It's all still making sure that you have the assets that you want to have for the future

to build the lifestyle that you want to have so that you get a chance to design and build

a good life.

That's it.

That's it.

Cory, do you want to share with everybody where they can reach us and then they can

join us on next week for part two?

Cory Shepherd: Yes.

Info@sfgwa.com or our website, SoundFinancialGroup.com, SFGWA.com.

Paul Adams: Connect with us on LinkedIn.

Send us a note.

Tell us what you'd like to see on future episodes.

We'd love getting that from all of you.

Or send us a note with something you learned in particular from this.

If you want to have a conversation with us about our philosophy, we're always happy to

do that to any podcast listener.

Spend 30 minutes with you.

Share with you a little bit about how we look at money, and give you the opportunity if

you want it.

You could apply to become a client.

Have a great day and we hope this contributed to you being able to design and build

a good life.

For more infomation >> The Basics of Disability Insurance Part 1: How Much Do You Really Need Disability Insurance? - Duration: 35:13.

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Love Island's Megan tipped to DUMP Eyal as he learns how many men she's slept with - Duration: 3:17.

 Megan on Love Island is left fuming with her partner Eyal Booker on Monday's episode, as he makes a prediction about her sex life

 Eyal incorrectly guesses Megan Barton Hanson's amount of sexual partners, and she's not happy

 Megan takes offence during a task, when Eyal predicts she has slept with 37 men with him now being one of them after they became the first 2018 couple to have sex

 A picture hints she later confirms she has had 20 sexual partners, and while this is not confirmed the difference in numbers leaves Megan unimpressed

 Megan says: "I'm not the most innocent of girls, but it doesn't mean that I've gone around sh*****g everyone I can

   "I was absolutely fuming. Just because I'm open and I say I enjoy sex, it's 2018

I'm a woman. I'm allowed to enjoy sex if I want to but it doesn't mean that I've slept with every Tom, Dick and Harry that walks in a bar

   "It's just annoyed me so much. You'd think he would have a bit more respect for me

"  Megan later adds: "Although he does have a funny side, he's quite serious a lot of the timeI just need someone to be a geek with

   "I feel like I always knew in the back of my mind that there was something missing

   "I thought 'the closer we get, the more we hang out, the more natural and easy it will be

' But it's honestly not." Related Love Island: Georgia surprises Josh with a cake for his birthday Love Island: Alex and Ellie come to blows in HEATED row Piers Morgan: Danny Dyer will appear on Good Evening Britain Love Island: Eyal Brooker flirts with Zara McDermott as he DENIES any loyalty to Megan Love Island couples 'REVEALED' as it's teased that Megan Barton Hanson chooses Alex Love Island fans TURN on Megan Barton Hanson over Alex George recoupling choice Megan Love Island: Megan issued with warning over Eyal Booker and Alex George Love Island's Alex George and Eyal Booker CLASH over Megan Barton Hanson romance  Eyal also mentions there's something missing in their relationship, so is a split on the way?

For more infomation >> Love Island's Megan tipped to DUMP Eyal as he learns how many men she's slept with - Duration: 3:17.

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Schengen Visa Fee. How much i need to pay for schengen visa application ? - Duration: 2:38.

Hello my friends- its Daria- Immigration Lawyer.

Today im gonna talk about Schengen visa fee.

When applying for a Schengen visa there is a non-refundable mandatory visa fee every

applicant must pay.

The Schengen visa costs vary depending on the type of visa and age of the applicant

as well as some other exceptions stated below in the text.

The Schengen visa fee can be paid in the designated consulate/embassy via cash, debit or credit

card.

However, some consulates may not allow you to pay by credit card.

The Schengen visa costs include the visa fee and the service fee, payable at the corresponding

embassy/consulate when applying.

Again, in case the visa is denied there is no refund of the money paid.

The regular Visa fee (in Euro) Airport transit visa - 60.00 EUR

Short stay Schengen visa, less than 90 days - 60.00 EUR

Long stay visa, more than 90 days - 99.00 EUR

The visa fee is 35 EUR for: Children between the age of 6 and below 12

years old.

Nationals from, Georgia, Kosovo, Russia, and Ukraine.

There is no visa fee for: Children under 6 years of age

Pupils, students, postgraduates and the accompanying teachers who are travelling for the purpose

of studying or educational training Researchers of the third-world countries travelling

for the purpose of scientific research Representatives of non-profit organizations

aged 25 years or less participating in seminars, conferences, sports, cultural or educational

events organized by non-profit organizations.

Hope you enjoied this video and have got some basic knowlage about schengen visa fee.

For more information please check description below.

Also plese remeber to like and subscribe to my channel to get regular news about immigration.

It was Daria , immigration lawyer ……. Thank you for watching and see you next time.

For more infomation >> Schengen Visa Fee. How much i need to pay for schengen visa application ? - Duration: 2:38.

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How much do you know about UV and sunscreen? Take our myth-busting quiz - Duration: 1:09.

 Wales is currently in the grip of a heat wave which is set to stick around until at least the start of July

 Naturally everyone will want to get out and enjoy the sun. However there risks associated with the sun and the UV rays it brings

 We have put together a quiz to see if you can separate your UVA from your UVB. Question -1 of 9 Score -0 of 0 How long should you wait after applying sun cream before you swim? Jump straight in! As long as it is rubbed in you are fine

Five minutes 20-30 minutes One hour Next question Thanks for taking part in this quiz You scored Replay quiz