Business and Law

Life Insurance (though it shouldn’t be) is to this day a very controversial issue. There seems to be a lot of different types of life insurance out there, but there are really only two kinds. They are Term Insurance and Whole Life (Cash Value) Insurance. Term Insurance is pure insurance. It protects you over a certain period of time. Whole Life Insurance is insurance plus a side account known as cash value. Generally speaking, consumer reports recommend term insurance as the most economical choice and they have for some time. But still, whole life insurance is the most prevalent in today’s society. Which one should we buy?

Let’s talk about the purpose of life insurance. Once we get the proper purpose of insurance down to a science, then everything else will fall into place. The purpose of life insurance is the same purpose as any other type of insurance. It is to “insure against loss of”. Car insurance is to insure your car or someone else’s car in case of an accident. So in other words, since you probably couldn’t pay for the damage yourself, insurance is in place. Home owners insurance is to insure against loss of your home or items in it. So since you probably couldn’t pay for a new house, you buy an insurance policy to cover it.

Life insurance is the same way. It is to insure against loss of your life. If you had a family, it would be impossible to support them after you died, so you buy life insurance so that if something were to happen to you, your family could replace your income. Life insurance is not to make you or your descendants rich or give them a reason to kill you.

Does your lawyer charge you an arm and a leg? Do you feel like you are getting the short end of the stick every time you talk to your attorney, as if he or she is holding you out for ransom, even hiding the law from you so you have to pay them more? Do you think it is a giant conspiracy at the ABA American Bar Association and the consumer, small business, or client just cannot win? If so, you may be interested in learning the reality behind it all.

So, let’s start from a free-market theory; something is only worth what someone will pay for it, and supply and demand determines the price in free markets. Thus, much of the lawyers pricing has to do with value and perception of value by you the consumer, customer, or client. There are three main items that dictate the perception of value of lawyers, practicing lawyers, which are actually working for you, not necessarily politicians which happen to have law degrees:

Quality of Service
Quality of Work
Market Going Rates

Now then, if you hire a lawyer that is expensive you assume that their quality of work is excellent, as in that is a given, but beware because that is not necessarily so. But since it is assumed, that means it is a perception. Thus, by charging more this gives the illusion of quality, since “you get what you pay for” is a common theme in capitalism and if it costs more, it must be good.

The business world today is more sophisticated with many factors dictating whether you will be or even fail to appear in the list of successful business people. Unfortunately, many people want to engage in business without necessarily observing the law requirements. This puts you at a danger of losing a lot of money in future if there is anything that has some law implications. In fact, so long as you are living in a land where there is law that governs behavior, know that all that you do, including business has some law.

Are you thinking of registering your company, and do you know the procedure involved? Business registration is one of the fundamental prerequisites that define a serious business person. This shows that you are serious about business achievements. Know that you must build a strong foundation as it dictates how far you will go. Registration is an investment. It may appear costly in terms of time and the lengthy processes involved, but in the long run, it is very beneficial. No matter how carefully you do you finishing, if you do not lay the best foundation for you house, it will collapse at the most critical moment. This also applies to business.

If you are involved in a business where there are many partners, you need to forward you application for registration with several documents. First, a memorandum of association which states the objects of the company must be produced. Objects of the company is a word used to describe the main items in he company. These include the name, capital, official office, the directors and any other relevant divisions.

You only get one life and life is a little short to be worrying about the rediculous little bits of paper we value so much yet we virtually live for. Money is a blessing and a curse, but there is a simple answer to the problem. Get your equitable share.

Simply, the only way to really be free from the cursed pull of money is to actually have enough of it that it will never again dictate what you do, where you go, what clothes you wear, what cars you drive, where your children go to school and so on, and on and on. Money is literally a prison guard and a saviour in one single concept. Lets face it, thats all money is, a numerical concept manufactured by men to make bartering simpler.

I dont need to carry my sheep around when I go shopping for a new hat. I can pay with paper IOU’s called money. These are as good as the 2 sheep and a hec of alot less messy. Money is civilized.

Money is also very abundant. It permeates our lives like oxygen. VALUE is money. The two cannot be seperated. If it has value then it is worth money. A simple idea? I think it is. I promised you in the title of this article that I will tell you a money making secret that will embolden and empower you. And so I shall.

Here is the first part already revealed. Value is intrinsically connected to the concept of money. (I can’t just blurt it out, I am going to make you work a little to get the point across on a deeper level) This doesn’t need too much more explanation does it? Its obvious, its just that we dont think about the relationship between money and value very often.

The second part of the secret is much more emancipating and you are about to hear something that will change the way you think about your life, your family, and everything you value! Theres that word again.