Starting in March 2008, we will begin a new segment that will deal with myths, old tales and stories about dentistry and dental care. For example, it is believed in some quarters that a woman would lose at least one tooth on pregnancy. This is certainly not true!!!!!!!!!!!!
You can also send in your own stories, myths, old tales, etc and all refined stories, tales, etc shall be published. Let’s have some fun!!!!!!!!!!!!!!!!
The conventional wisdom is that one is encouraged to pay off his mortgage ASAP. How does that do for your tax deductions? The annual tax benefit steadily ebbs away as no tax deductions are available on interest (no interest without loan/mortgage) since the house is paid for in full. It is very difficult for an average person to grow his arbitrage effectively if he cannot take advantage of the tax deductions on interests paid on mortgages, take the equity on the home out and invest it in tax-favored growths, etc. This approach of paying off mortgage in order to become mortgage-free is known in some quarters as cost of forfeiting future equity earnings (COFFEE). Break the mold, start a new approach to wealth-building and there are many books in the market today that can help you, understand the smart way of growing wealth with what you have right now, your home. Untapped Riches by Susan and Anthony Cutaia (http://www.amacombooks.org) and another very good good is written by Marian Snow called Stop Sitting on Your Assets. One can get free tickets to her HERO Solution Workshop by either going to her website, http://www.StopSittingOnYourAssets.com or calling toll-free 1866-404-HERO (4376). Better still you can google making money or growing wealth through home equity or a combination of this and you will see for yourself tons of information. Be disciplined, start growing your wealth with what you already have, it is that simple!
Good luck and may the universe reward you because you have a millionaire mind!
A lot of people have been conditioned to paying off their mortgages as quickly as possible, leaving them with little or no tax deductions on interest paid on their mortgages. Forget about the conventional wisdom, step into the new century, grow your assets with your own equity, be your own “bank.” Ask any experienced financial planner who understands the HERO solution or other smart wealth-building programs. Your home is probably your largest investment, take advantage of its equity, get it out, let your dollars work for you and invest it in programs such as cash-value insurance contracts and just grow your assets. Every three-five years re-evaluate your home’s worth, collect the equity and invest it religiously. Tax-deferred or tax-avoidance investments, tax-favored growth and tax-free money/investments are available, just ask your experienced financial planner. Be disciplined, grow your assets with what you have right now. You need a vehicle that locks in stock market gains in good years when the market is doing great and avoids losses in not so good years like now.
S. Adele Doherty is a dentist with private practice in Madison, TN. Dr. Doherty has been in practice for over 25 years and once lectured at the local university in Nashville, TN. He includes in his practice sedation dentistry and care of people with mental retardation as well as older adults. He likes people and enjoys working with them to solve their health problems. He really really cares for his patients and others too. He does volunteer work regularly in the spirit of our state, “the volunteer state of America.” He is a member of Tennessee Dental Association, American Dental Association, Academy of General Dentistry, Dental Organization for Conscious Sedation,American Dental Society of Anesthesiology and Academy of Dentistry International.
