Happy Halloween

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Have a “spook”tacular Halloween!

Success Story of Mr. Jaime Colque

An interview with Mr. Jaime Colque from Bolivia. Mr. Colque shares his experience in doing the DXN business, the success he has achieved while imparting a few business tips.

Obamacare: Open enrollment Nov 1 to Jan 31

The open enrollment for health coverage under the Affordable Care Act (Obamacare) will start on November 1 to January 31, 2015. This will be the 3rd year of health care sign-ups. Covered California officials said that there are still 2 million residents who are uninsured, primarily Latinos and African Americans and 36% of them don't know that they may be entitled to premium subsidies available under the Affordable Care Act. In contrast, only 16% didn't know about the tax penalty for lacking health coverage.

Covered California exchange have 500 storefront locations, they employ thousands of enrollment counselors, and have launched a $29 million advertising campaign and a statewide bus tour, to encourage more Californians to come under the health care umbrella.

They said that about 90% of the 1.3 million Covered California enrollees receive subsidies, and more than 200,000 people pay less than $50 a month thanks to that financial assistance.

For those who are uninsured tax penalties for not having health care coverage will increase again in 2016. Under the federal health care law, those without health insurance in 2016 may be subject to a federal tax penalty, which starts at $695 per person in a household or 2.5 percent of income, whichever is greater. For a family of four earning $70,000 a year that chooses not to purchase health care coverage for 2016, the tax penalty could be $2,085, according to Covered California.

For a family of three with an annual income of $61,021 living in Los Angeles I got these premium rates: Molina bronze $332, $0 monthly premium assistance, Oscar Bronze $396, Anthem Bronze $398 and Kaiser Permanente $403. Well, if you ask me those rate are expensive no wonder they are not signing up. If they just used the $29 million they pay for advertising in improving the discount then it would have been great.

Success Story of Mr & Mrs Ciprian Mendoza

An interview with Mr & Mrs Ciprian Mendoza from Bolivia. 
They share their experiences in doing the DXN Business while imparting a few success and business tips.

Life Insurance Coverage 101

Know the basics on your life insurance coverage, since it is a long term investment that will protect your love once. Life insurance should be designed to fit your situation so it is not an "one size fits all." Most people, get the most coverage for the lowest cost as possible that they can afford.

There are two types of life insurance policies:

Term life insurance - this is basically a policy that gives death benefit for love once after you die. There are no other features.

Whole-life or permanent life insurance - this policy combines death benefit for love ones with a cash value that you can access while you are still alive.

Term insurance is a wise choice for younger and healthy people who are just starting out with life insurance since it is less costly. In term insurance you can keep your premiums as low as possible.

Married couple usually purchase this kind of life insurance to keep them secured financially in an event one dies. Most companies also offers this kind of insurance policy as added employee benefits. However, if you leave your company the policy will end.

Term insurance expires after a stated period of time or once you reach a specific age, so your love once is only secured during the stated term. This kind of life insurance is feasible only when you are young because they get much more expensive as you age.

Permanent life insurance has a number of kinds, that include traditional whole life, variable life, universal life or variable universal life. Just like the term insurance policy your beneficiaries will get paid when you die, the difference is that it doesn't have a stated termination date. If you have paid the adequate amount of premiums and the policy is in force, your love ones will receive the death benefit.

Premiums are higher and there are often have additional costs for permanent life insurance compared to term insurance policies. This type of life insurance also has cash value that accumulates as you pay premiums. Premium payments must be sufficient to avoid a policy lapse, but a portion of those payments accrue within the policy and can grow on a tax-free basis.

Before purchasing life insurance coverage make sure that you have assess every option there is and make sure that you have discuss your choices with a financial adviser.

When you give your everything, anything can happen

During the 2012 London Olympic Games, over 10,000 athletes gathered in London to test their stamina and skills with other contestants. Every four years, these Olympians teach the world many lessons—we see tears of joy for winning gold, and singing national anthems with pride, and tears of sadness for touching the finish line micro seconds behind the gold medalist.

Michael Phelps, an American swimmer, won 16 Olympic medals: six of them gold, and two bronze in Athens in 2004 and eight gold medals in Beijing in 2008. I was reading an interesting article as to what made him different from other swimmers and how he managed to capture so many gold medals. 

I was surprised to read that Phelps learned a trick or two from other underwater inhabitants, like dolphin, and used backstroke dolphin kick to make the big difference.

Lesson #1:
 
Learn to do things which make the difference in your life and business. Another sport I always admired is TRIATHLON where competitors have to develop skills in 3 disciplines — swimming, cycling and running, a combination which takes longer to master. Likewise if you want to be successful in NETWORK MARKETING, you have to be Triathlete and master the 3 disciplines— prospecting, team building, and leadership.

Here I would like to mention one of the greatest Olympic triathlon from Canada, Simon Whitfield. Whitfield competed in every Olympic triathlon since its games debut in 2000, where he stunned the world with his gold medal in Sydney Olympics.
At age 11, he started training himself to become triathlete and as of 2008, 1:48:24.02 stands as the fastest Olympic triathlon record. At age 37, Simon qualified for the 2012 London Olympics in Triathlon. If there is one thing Simon has proven over his athletic career, it’s that when you give your everything, anything can happen.

Lesson #2:

 
Raise your own bar to get better. Are you giving your everything to achieve the success you are looking for?

Network marketing is a unique opportunity, which can secure one’s financial future. The most amazing thing about network marketing is that it can be practiced by all. It does not discriminate between color, age, education or experience—this is why it is called “free enterprise”, a business of equal opportunity. Network marketing provides people with endless opportunities and possibilities.

Network marketing business model is simple and doable by anyone who is ready to change and willing to work hard to grow the business. It makes an ordinary person extraordinary. One can select one’s own business partners, and own time and place to do the business. The business provides you joy, adventure, and complete satisfaction.

To know more about Network marketing business, please subscribe to my weekly networking marketing blog and download the chapter on “Power of Giving” from my book ‘Map your Freedom’, also found at www.mapyourfreedom.com