How to Understand the Positive Side of Liabilities

How to Understand the Positive Side of Liabilities

There’s a funny thing about debt: You would think the definition of the term is black and white, but the truth is that everyone draws the line in a different place.

So before studying the concept, be clear on how you define debt.

Fundamentally, debt is money that you owe. Furthermore, if you don’t pay toward that debt, you may lose the material item it represents or receive an ugly jolt to your credit rating. A car payment is definitely debt. Money you borrowed for that high-end chiropractic table is a debt. A mortgage is a debt—even if you make your payment in full every month. And an apartment lease represents a potential debt: Move out early, and you’ll owe the remaining amount on the lease to finish the year. Read full article here.

[ARTICLE] Knowing the Good and Bad Sides of Debt Can Help You Manage It Better

[ARTICLE] Knowing the Good and Bad Sides of Debt Can Help You Manage It Better

There’s a funny thing about debt: You would think the definition is black and white, but the truth is that everyone draws the line in a different place.

So defining debt is the first step toward understanding it.

Debt is money that you owe to someone else. Furthermore, if you don’t pay toward that debt, you may lose the material item it represents or receive an ugly jolt to your credit rating.

A car payment is definitely debt. Money you borrowed for that high-end chiropractic table is a debt. A mortgage is a debt—even if you make your payments every month. And an apartment lease represents a potential debt: Move out early, and you’ll owe the remaining amount on the lease to finish the year. Read full article here.

[MAGAZINE ARTICLE] Saving for Retirement Should Always Be a Priority

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Depending on where you are in the lifecycle of your practice, retirement may be a hazy, far-off vision of ease and travel.

Or, it may be beckoning over the horizon—a call you either welcome or dread.

As a chiropractor, the ability to control when and how you retire is crucial. That’s because the healing profession carries some inherent risks that can affect when and how you leave the workforce. As chiropractic is a physically demanding occupation, your physical fortitude may in part dictate how long you can practice. Read full article here.

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[PODCAST] Chiropractic Wealth Management with Todd Calamita

THE Chiropractic Marketing Podcast

 

Todd Calamita is a Certified Financial Planner® and founder of Chiropractic Wealth Management. Together with his professional network, he helps those in the Chiropractic field address their five biggest concerns: preserving their wealth; mitigating taxes; taking care of their heirs; ensuring their assets are not unjustly taken; and charitable giving. Todd uses a consultative process to gain a detailed understanding of Chiropractor's and their family’s deepest values and goals. He then employs customized recommendations designed to address each client’s unique needs. 

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[MAGAZINE ARTICLE] Holistic Financial Planning for DCs

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THE MONEY YOU EARN TODAY CAN HAVE A TRANSFORMATIVE EFFECT on your future and the people you cherish. That said, today’s busy chiropractors often lack the time and expertise necessary to take a comprehensive approach when it comes to financial planning. Protecting and building your wealth requires a team of professionals who can create a coordinated strategy to ensure a... read full article.