Mike Check 1,2,1,2

Mike Check 1,2,1,2

By Michael DutraBusiness
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Mike Check 1,2,1,2 episodes

  • I finally get to talk to you Father to Father

    You and I have little ones relying on us.

    Don't forget, it's health AND wealth, not health OR wealth.
    You need to protect both.
    0:00 Overview of video
    0:25 Health & wealth
    1:30 Seeing your doctor
    2:48 Having a heart attack
    4:45 Protect your income
    5:37 What if you die?
    5:57 Should you self-insure?
    7:32 How to apply for life insurance
    Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
    Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
    Anchor: https://anchor.fm/michael-dutra
    www.michaeldutra.ca

    YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug

    https://www.linkedin.com/in/michaeldutra
    #father #healthy #parent #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
    Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

    10 min
  • 2024 Health & Wealth Checklist

    Wealth is nearly impossible to enjoy if you aren't in good health, and if you aren't in good health, it's nearly impossible to accumulate wealth.

    The two are completely intertwined.
    What is your game plan to elevate your health & wealth in 2024?
    0:00 Overview of video
    0:45 72 Hour fast
    1:40 Working out
    3:10 Alcohol at a lunch meeting
    4:00 Wealth protection
    Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
    Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
    Anchor: https://anchor.fm/michael-dutra
    www.michaeldutra.ca
    https://www.linkedin.com/in/michaeldutra
    #health #healthy #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
    Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

    7 min
  • 2023 Health & Wealth Wrap-up

    How did 2023 go?

    Did you accomplish your health & wealth goals?

    Did you get halfway through some?
    Did you push some off for 2024?
    Here's a breakdown of some of the most common goals I talked about with my friends, family, and clients.
    0:00 Overview of video
    0:38 Your will
    2:08 Your life insurance
    3:04 Your health
    Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
    Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
    Anchor: https://anchor.fm/michael-dutra
    www.michaeldutra.ca
    https://www.linkedin.com/in/michaeldutra
    #health #healthy #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
    Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

    4 min
  • Whole Life Insurance for Your Child

    In 2 months, my son will be born.

    One thing I will be doing for him financially speaking, is buying a Whole Life Insurance policy on him.
    I thought it would be a good idea, parent to parent, to explain why I am doing this and what the benefits will be for my child and potentially yours.
    0:00 Overview of video
    0:50 My main reason
    1:26 Features of a whole life policy
    2:57 How much does it cost?
    Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
    Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
    Anchor: https://anchor.fm/michael-dutra
    www.michaeldutra.ca
    https://www.linkedin.com/in/michaeldutra
    #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
    Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

    5 min
  • Tax-efficient income for business owners

    Dividends and salary are the trwo common ways most business owners think of when it comes to taking money out of their corporation.

    There is a 3rd, very tax-efficient way, to create tax-efficient income for yourself and it involves a corporately-owned whole life insurance policy.

    0:00 Overview of video
    1:00 Business owner example
    1:44 Features of a whole life policy
    5:30 Tax-efficient income
    8:20 Tax-free money out of your corporation
    Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
    Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
    Anchor: https://anchor.fm/michael-dutra
    www.michaeldutra.ca
    https://www.linkedin.com/in/michaeldutra
    #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
    Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

    11 min
  • What happens to the value of your assets at death?

    Is there a hidden tax bill within your assets?

    Can you pass down your properties to your children without any tax implications?
    What about passing down your company, stock portfolio, or crypto portfolio?
    All this and more is answered in this video.
    0:00 Overview of video
    0:45 What happens at death?
    1:35 Net worth vs Estate worth
    Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
    Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
    Anchor: https://anchor.fm/michael-dutra
    www.michaeldutra.ca
    https://www.linkedin.com/in/michaeldutra
    #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
    Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

    3 min
  • Should you pay for your life insurance policy corporately or personally?

    Should you pay for your life insurance policy corporately or personally?

    Which way saves you money?
    Which way can cost you greatly?
    All this and more is answered in this video.
    0:00 Overview of video
    0:15 Corporate tax rates
    0:35 Personal tax rates
    0:58 Comparing both options
    1:56 $79,000 in savings
    Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
    Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
    Anchor: https://anchor.fm/michael-dutra
    www.michaeldutra.ca
    https://www.linkedin.com/in/michaeldutra
    #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
    Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

    4 min
  • $25,000,000 Life insurance policy = $1,000,000 premium

    How much life insurance can $1,000,000 buy you?
    Why would someone need this much?
    What are the living benefits of a whole life policy?
    All this and more is answered in this video.
    0:00 Overview of video
    0:40 How much insurance can you get?
    1:50 How long do you pay for?
    3:40 Corporately-paid for
    5:20 Tax-free transfer out of corporation
    6:56 Living benefits of this policy
    10:12 Payment flexibility
    Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
    Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
    Anchor: https://anchor.fm/michael-dutra
    www.michaeldutra.ca
    https://www.linkedin.com/in/michaeldutra
    #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
    Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

    12 min
  • Can you be too young for life insurance?

    Can you be too young for life insurance?
    Why would someone in their 20s even get life insurance?
    All this and more is answered in this video.
    Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
    Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
    Anchor: https://anchor.fm/michael-dutra
    www.michaeldutra.ca
    https://www.linkedin.com/in/michaeldutra
    #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family
    Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

    2 min
  • Can you be too old for life insurance?

    Can you be too old for life insurance?

    Is it too expensive?
    What if you've had health issues?
    All this and more is answered in this video.
    0:00 Overview of video
    0:29 What question should you ask yourself?
    1:00 Your window of opportunity
    2:28 Is it too expensive?
    2:48 The point of life insurance
    4:00 Health issues
    Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
    Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
    Anchor: https://anchor.fm/michael-dutra
    www.michaeldutra.ca
    https://www.linkedin.com/in/michaeldutra
    #taxes #lifeinsurance #business #businessowner #corporation #taxes #lifeinsurance #insurance #estateplanning #wealth #finance #family
    Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

    6 min

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