Yaaa!! It’s RRSP Time Again!!

Posted: January 28, 2013 in Uncategorized
Tags: , , , , , , , , , ,

Yaaa!! It’s RRSP time again!!

 

I don’t know about your country but in Canada our government tells us how much we can tuck away without penalty every year. They call this “YOUR maximum RRSP contribution”. What is an RRSP you ask? It is a Registered Retirement Savings Plan. Our government has the audacity to limit the amount of tax sheltered money you can put into there. This concept kind of blows me away on several fronts really.

 

Firstly, why should the government care how much you can tuck away into an RRSP? It is tax sheltered when you put the money in there and you can earn tax free interest (oh boy, let look that hefty rate up), it is definitely NOT tax exempt when you pull it out.

 

Secondly, who really in today’s current hand to mouth existence, for most people, who can afford to even put money into one these registered accounts. I know most of the people I can ask will say “No, I would like too but…..” So how effective is this program if most people can’t even take advantage of it.

 

There has to be a better way. And I believe there is. It is building and a second or even a third passive income stream. Everyone can do this if they are willing to put some effort in. That right there is the number one hurtle for most people when it comes to building a new income stream. They like the idea, the potential rewards, and if they can picture it go gaga about the lifestyle afforded to those that do do it. But for most people that is where it all comes to screeching halt. Sure they will look at the opportunity, they may even sign up for the program, but if they don’t want the results more than they want to be watching evening TV, they will not succeed. Simple as that.

 

There are lots of opportunities in every industry type imaginable. So picking one that is right for you is no problem. Everything is available from passive-no recruiting to typical MLM to home party type businesses out there. So just analyze your desires, what you would like to promote and get started. I am personally involved in a couple of opportunities, some passive and some not so passive but they are in various different industries.  If you would like to know about my interests other than my main one I promote here just drop me a message.

 

Either way I sincerely hope you find one that works for you, and more importantly you have the desire to achieve it over the desire for evening TV viewing. I can honestly tell you it is well worth it!

 

 

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