Friday, 15 November 2019

#1 Manual Osteopath in Toronto

My student manual osteopath / chiropractor, Dr Liza Egbogah, DC, DOMP who is a graduate of National Academy of Osteopathy has been chosen as the number one manual osteopath in Toronto by the Toronto Star newspaper. Dr Egbogah works at Osteopathy Chronic Pain Clinics of Canada # 83.



Wednesday, 13 November 2019

Change Your Career. Become a Manual Osteopath and Secure Your Future!

If you enjoy helping people, and are looking for a high income career, manual osteopathy is the right choice for you.

Manual osteopaths on average charge $80 to $140 per hour (however we also have alumni who are charging between $250 to $400 per hour) and most are fully booked with weeks to months of waiting list.

In Canada and a number of other countries extended health plan insurers cover osteopathic care provided by our alumni. In most countries however manual osteopaths work on cash basis.

Manual osteopaths have a 98% job satisfaction rate in Canada. They also have 97% patient loyalty rate, the highest in 25 health professions in Canada.

Most health professionals spend up to 50% of their income on business expenses. Manual osteopaths however have minimal expenses as most do not do advertising. Word of mouth referrals from happy patients fill their practices quickly. We have an alumni in Ottawa who has just $20,000 in annual expense while making $250,000 per year..

We are the largest provider of manual osteopathic education in the world, with alumni in 72 countries. We offer online as well as on-campus osteopathic education. We offer diploma and degree programs in manual osteopathy.

We also own and operate Osteopathy Chronic Pain Clinics of Canada which has 326 locations in 30 countries. All manual osteopaths of this clinic are alumni of National Academy of Osteopathy (Canada), National University of Medical Sciences (USA) and/or National University of Medical Sciences (Spain).

With our diploma or degree programs you can open an osteopathy clinic or work for others. You can work in all Canadian provinces, all US states and other countries.

Osteopathy is amazing. You would love it. It does wonders for chronic pain.

The world needs more manual osteopaths. There is a huge shortage of manual osteopaths everywhere.

To receive information about our osteopathy program, please send an email to admissions@nationalacademyofosteopathy.com, admissions@numss.com or admissions@numss.us.

Thank you.

Dr Shawn Pourgol, MBA, DC, DO, PhD
President
National Academy of Osteopathy (Canada)
National University of Medical Sciences (Spain)
National University of Medical Sciences (USA)
Osteopathy Chronic Pain Clinics of Canada 


Monday, 11 November 2019

Lessons from President Donald Trump on Accelerated Wealth Creation (Part 2)

In part 1 of this article ( https://drpourgol.blogspot.com/2019/11/a-fool-and-his-money-are-soon-parted.html ) I explained how you should create three companies (an operating company, an investment company and a holding company) where you live and work in order to protect your money and decrease your taxes.

Creating 3 companies in your country which takes about an hour to do and costs about $1500 is ideal for most manual osteopaths.

However for those manual osteopaths who are not satisfied with an ideal situation and want/need a better system to help them achieve wealth in a shorter period AND to protect their hard earned money even more securely, there is another option.

Before I explain what the other option is I have to say that all countries urge their citizens to do whatever they can to lower their taxes. It is the fundamental right of every citizen to use all legal available means to lower taxes. Most presidents, prime ministers and leaders of countries follow tax planning strategies. Tax planning is not illegal, it is your right and your government asks you to do so if you read their tax authorities websites.

An example is President Donald Trump. This week he moved his residency from New York, a high tax state to Florida which has no personal income tax, no inheritance tax and no estate tax (Estate tax is a tax on the transfer of property and assets after death). Estate tax can be up to 60% in some states (40% federally and 20% by the state). This move would save the president millions of dollars in tax while he is alive as well as when he passes away as his loved ones receive more inheritance because Florida has no estate or inheritance tax.

To take asset protection to the next level and to benefit from lower or zero taxes, there is another way and that is to register your companies in jurisdictions with low to zero tax rates.

You still need to incorporate three companies. And the operating company must be registered in the country where you practice manual osteopathy. Your own corporation that provides manual osteopathy and that you become an employee of, must be registered locally and pay tax locally in where you practice. However the holding company and the investment company can be registered in another state or country.
For example:

-ABC Osteopathy Clinic Inc. (registered in Spain where you practice)
-ABC Investment Company Inc. (registered offshore outside Spain)
-ABC Holding Company Inc. (registered offshore outside Spain)

This system is more complex. Instead of $500 to incorporate locally, it generally costs about $1000 to $2000 to register a company offshore. Additionally you have to travel to another country to open a bank account which is hard and time consuming. While in your country it may take 1 hour to open a bank account, elsewhere it can take up to 6 months!
However you benefit from zero tax or a lower tax (depending where you register the investment and holding companies).

Additionally there is generally better interest rates in these countries. For example in Spain the 3 years certificate of deposit pays about 1.5% interest every year. In Panama on the other hand it pays 5%. Additionally in Spain you have to pay tax on the profit you receive from investment income while in Panama the tax is zero.

There are a number of jurisdictions with lower tax and zero tax. Even moving inside US can save you a lot in taxes (as President Trump did). There is no one fit solution for everyone. It all depends on who you are and what goals you have. For most manual osteopaths creating the three companies locally is enough to protect their assets and to lower their taxes.

I hope my two posts help you create a better financial system where you take advantage of existing laws to protect your money and to lower your taxes.

:D Have a good day everyone! :D 
Dr Shawn Pourgol, MBA, DC, DO, PhD 
Osteopath 


Sunday, 10 November 2019

To improve my life I stop the background noise!

One of the worse things people do against their brains is to eliminate silence with background noise. Instead of using silence to think they turn on the radio, music, or TV just to fill the silence.

This is one habit most wealthy people do not follow. Silence is gold. Silence is cherished. Silence allows you to focus, to become creative, to improve your brain and to communicate with yourself.

How you communicate with yourself is directly related to how successful you are in life.But to do so you need silence so you can hear yourself.

I need to be creative. Creative people solve problems. I solve problems. I have a solution for everything. People who solve problems are in high demands and become successful in whatever they do.

I listen to music sometimes. I turn on the radio occasionally. I watch TV on rare occasions. But I never do so just to fill silence with noise. I need silence in my life. Regularly I go to silence retreats where for days I do not talk to anyone. Silence retreats have so many benefits for my mind.

Everyday I sit down in total silence for 30 minutes in a corner with a pen and blank paper to think about how to improve my life. This alone time has done wonders in my life. It calms me, it makes me creative and it brings to me ideas that when implemented shock the system!   


Success is not an accident and has nothing to do with luck!


I give more than I take!

I have a successful life because I help my students become successful in life!
I get what I give. To get what I want I give others what they want.
In business, similar to relationships I create value for others and that is one reason I achieve success in whatever I do. I give more than I take.

A Fool and His Money are Soon Parted! (Part 1)

Since the ancient time it was known that to become wealthy you must protect your money. To become wealthy you must generate income, lower your expenses and protect your money. These are what I teach to my students and that is why my students are successful manual osteopaths.

Manual osteopaths have lucrative income with average hourly fees of $80 to $140. Fortunately they do not have much expenses. I have one student in Ottawa (Canada) who made $250,000 a couple of years ago and her annual expense was just $20,000. Most businesses lose 50% to 80% of their income to expenses, but not manual osteopaths. We are fortunate that way.

Manual osteopaths have great income and low expenses. They can become wealthy if they follow the third principle of becoming wealthy and that is to protect their hard earned money.

I teach many methods of asset protection and tax planning. In my opinion one of the best way to protect your money and lower your taxes is to separate yourself from your money!

The first rule of asset protection is never to work under your own name as a sole proprietorship! That is a mistake and many make it because it costs just $80 to register as a sole proprietorship compared to $500 or of registering a corporation. This little saving costs them tons of money in their lifetime. But people unfortunately see the immediate little savings of $400 and not the long term life time loss of hundreds of thousands of dollars.

So the Rule #1 of asset protection is to incorporate a company under your name. Register a company that operates an osteopathy clinic and work as employee of your own company. Following rule #1 would save most people a lot in their life time and protects them against many unfortunate events.

Rule #2 is never to keep your profit in your own bank account or the bank account of the company that operates your osteopathy clinic. That is a mistake. Removing the profit of your company and putting it in your bank account causes a lot of tax for you. That is a big no no! Keeping the profit in your osteopathy clinic bank account would not protect your money as if anything goes wrong that money will be taken.

Rule # 3 is to incorporate a holding company. A holding company is a corporation that does NOT do any business. So you must NOT use it to conduct business. All it does is to park your money. You put all your profits there. Since it does not do any business it is not in danger of losing the money to unfortunate events.

Rule # 4 is to incorporate an investment company. This company uses the money parked in the holding company to do investments as you wish and to buy real estate such as your home or the office you work at. You must never own the building/office/house your osteopathy clinic is located in, under your own name or the name of the company that does business there. You should open an investment company to purchase the building.

To summarize, you should have the following companies:
1- ABC Osteopathy Clinic Inc.
2- ABC Holding Company Inc.
3- ABC Investment Company Inc.

Setting up three incorporated companies takes less than an hour online and costs about $1500 or so (if you do them yourself online, which I recommend. Do not use a lawyer or accountant to open the companies as they charge you $1000 or more per company. You can do it online yourself for $500). But in the long term it saves you a lot of money on tax, and most importantly it protects your assets. Under the law each company is considered a legal entity, like a person, so they are independent of you even though you are the owner.

Dr Shawn Pourgol, MBA, DC, DO, PhD
The Travelling Osteopath
President of NAO (Canada), NUMSS (USA), NUMSS (Spain), NUMSS (Panama), & OCPCC

PS.  To read Part 2 of this article (Lessons from President Donald Trump on Creating Accelerated Wealth) click on the link below: https://drpourgol.blogspot.com/2019/11/lessons-from-president-donald-trump-on.html .


Would you like to give 50% of all you made to the government as tax?

If not, read on!

We graduate successful manual osteopaths because we teach them everything we know about business, finances, marketing, tax planning and asset protection.

My students become wealthy because they know how to generate income (active and passive), how to reduce expenses AND how to protect their money.

Asset protection is a must for wealthy manual osteopaths. There are many ways to protect your money while you are alive and when you die.

In most countries when you die, all your assets are evaluated and a dollar figure is given to them. Then someone on your behalf (or the government will appoint someone) will do one last income tax filing for you when you are dead. As most likely your assets will be over $60,000 then 53% of anything above $60,000 will be taken as tax by the government. This is a Canadian figure and each country has a different amount for maximum tax rate but it generally is 30% or higher.

To prevent this you must make a proper will where your assets are distrusted in a proper way amongst your loved ones as you wish in order to minimize tax.

When you die without a will up to 53% of your assets is taken by the government as tax. Do you like that happen to your family? If not then stop sitting on your Gluteus Maximus, get up, see a lawyer and make a will! Your family would be thankful to you for an hour or two you spent saving them hundreds of thousands of dollars!

This is the number one way most people lose most of their life savings! And all it takes is a couple of hours and a few hundred dollars to make a will. Please make a will. The future of your family and children depends on it.