Affidavit

Time is money!Why your time is valuable andhow you should organize it

Did you know?A large summary of acci-

dent benefitspg. 8

“Price is what you pay. Value iswhat you get.”

-Warren Edward Buffet

CENTRAL SELFOSS EDITION Ι PREMIERE 2015

MAGAZINE©

What are accidentbenfits?

How to start up your own Network Marketing program

Contents• Accident benefits• Time importance• Business man• Network Marketing

Affidavit is a written statement of facts,sworn to and signed by a deponent beforea notary public or some other authorityhaving the power to witness an oath. Themagazine Affidavit is about business andlaw. The connection between the nameand the subject is that both subjects areinvolved with the word. The connectionto law is when you are in the court roomyou have to sign under an oath, affidavit,that you will only tell the truth while youare being witnessed. A business affidavitis used to fulfill a variety of requirementsor to officially record information.Thereby the name of the magazine, Affi-davit, relates to the truth and nothing butthe truth.

Authors:

Haukur Andri Grímsson Esther Ýr Óskarsdótti Helgi Hjaltason Egill Þór Eyþórsson

If you were to know anything about business at all,you have most likely heard of Warren Buffet. He hasbuilt a fortune in excess $62 billion which puts himon the top 5 list of the richest people in the world.But how can one man become so rich? In 1936 when he was only 6 years of age he beganselling Juicy Fruit chewing gum packs, he made 2cents per pack. He also purchased Coca-Cola 6-packs for 25 cents at his grandfather´s grocery store,and sold each bottle for 5 cents. Making 5 cents perpack. At 11 years old, Buffett bought his first stock,he bought six shares at 38$, three for himself andthree for his sister Doris. The price fell all the waydown to 27$ a share but he managed to sell the stockat 40$. The stock later went to 202$, this tought Buf-fett a lesson in patience when it comes to investing.15 years old Warren Buffett made 175$ a month sell-ing newspapers and he saved 1200$ to buy a 40 acrefarmland in Omaha. At 29 years of age he was intro-duced to Charlie Munger by his friend. Munger latesbecame Vice Chairman of Berkshire Hathaway. Hemade his first million dollar investment in a wind-mill company called Dempster at this time he was 31years old. Buffet´s partnerships are worth 7.2 millionwhen he merges them all into one and renames it asBuffett Partnerships Ltd. He sold Dempster at 33years old, he made 2.3 million. 1965, Buffett invests4 million in Walt Disney after a meeting with Walthimself, this equaled to around 5% of the company.Buffet Partnership owned 59.5% of Berkshire Hath-away in 1967. The partnership is worth 65 million,Buffett´s personal investments are worth 10 million.1968, partnership is worth 104 million. Buffett de-cides to close the partnership in 1969 and liquidatethe assets to the partners. At 43 years he started buy-ing stocks in the Washington Post Company, Kather-ine Graham, who controls the company, soonbecame close friends with Buffett. 49 years old.Berkshire Hathaway is trading $290 per share, War-ren´s personal net worth is around 100 million andhis annual salary is around 50k.

1950 Bershire bought stock in RJ Reynolds,ALCOA, Pinkerton, Cleveland-Cliffs Iron, Na-tional Detroit, Times Mirror, and National Stu-dent Marketing. 1983, Berkshire Hathawaypurchases Nebraska Furniture Mart for 60 mil-lion. At this time Berkshire portfolio is worth1.3 billion. Warren´s net worth has skyrocketedto 260 million and he makes it on the Forbesmillionaire list for the first time. 1988 Buffetstarts buying Coca-Cola and eventually gains a7% stake in the company, worth around 1.2 bil-lion. At 59 years old his personal fortune roseto 3.8 billion. Warren Buffet kept going strongBerkshire Hathaway kept acquiring companies.2001, wasn’t a good year. Insurance claimsfrom the 9/11 terrorist attacks total at 2.28 bil-lion. Buffett later apologized to his sharehold-ers for failing to foresee the risk and properlyprice the insurance coverage. Warren Buffet isno Floyd Mayweather, he has a good heart tosay the least. In 2004 he announced that he willgive away around 80% of his fortune whichwas around 44 billion to five foundations in an-nual gifts of stock, starting in 2006. In 2013Berkshire aquires a 50% stake in H.J HeinzCompany.

Before Buffett donated billions to charity hewas ranked the richest man in the world. As oftoday he sits in the third spot, with a net worthof 72.7 billion. The two men richer than Buffettare Bill Gates (79.2B) and Carlos Slim Helu(77.1B)Berkshire keeps making money today, its capi-tal spending will increase and big deals willmost definatly keep going through. WarrenBuffet will be known forever. You don’t see tomany of this generous and humble self madebillionaires today. He is one of the most re-spected business men of all time.

f you have been into an accident that involvesmotor vehicle, you may be entitled to certain bene-fits which will help you while you are recovering.Accident Benefits are the legal ways to conclaimyour compensations. The process that accidentbenefits involves can often take long time. That’sbecause of the compensations are often based ondoctors estimate on injuries after the accident. Theestimate often takes place a year after the accident.The litigation can also be delayed if the courtneeds assessors to estimate the accidents damages,or if there is need to appeal to get compensations.There are no spectacular carreer options from acci-dent benefits. There are only carreers involvedwith it. So if you want to work with people that areconclaiming there consumptions you can eitherwork as a lawyer or work at insurance company.There is one problem if you want to study abroadand work here, on Iceland. The problem is that thesystem here and abroad isn’t the same and there-fore isn´t it possible to get your education some-where else than in Iceland. However, if you wantto study and work somewhere abroad is that a op-tional. The best possibility for further studies tobecome a lawyer here on Iceland is to study atHáskóli Íslands and study law there. Háskóli Ís-lands is ranked as the best law school in the coun-try. It’s also a very clever idea to go there becauseright now there are too many unemployed ice-landic people educated as lawyers and the lawcompanies are looking for people who are out-standing. The first thing that the companies take alook at is the school you went to and grade aver-age. Helping people claiming there rights and getbenefits from their accidents that maybe have de-stroied their lifes is the most interesting thingabout working with accident benefits. It’s also in-teresting how the process works and how manypeople are involved with one case.

Good advices if you areclaiming your con-sumptions1. Go straight to see a doctor afterthe accident so he can record all themedical supplies. They will come invery handy in the process. 2. Let experts take care of the caseso nothing will be unclear or missing. 3. Don’t give up if the insurancecompany says no to your application toconsumptions.4. Write down every single thing youhave been feeling after the accident, bothphysically and mentally, when you govisit your doctor. 5. Don’t try to be a hero! Don’t waitand think the pain will go away becausein most cases the pain won’t go awayand in some cases the pain will increase. 6. Collect all the receiptions that arelinked to the accident. For examplephysiotherapist expenses.

You've heard it before hundreds of times,usually from someone waiting on you, try-ing to get you to hurry up. But time really ismoney.As you might know minimum wage (in Ice-land) is currently about 1550kr (12,39$) perhour. While Warren Buffet makes about$1.54 million per hour. But every second ofevery day has money value, whether you’reon a time clock, running a business, orbrushing your teeth. Every minute of everyday that you’re not doing something to earnmoney, you really could be making money. There are potential dangers, of course, oflooking at your personal time as a constantstream of cash outflow, especially when youlook at the bigger picture. “Sorry, guys, Ican‘t meet up with you later — it’ll be tooexpensive,” simply doesn’t work that way.Eating at home is generally much healthierthan take-out. Taking time for relaxationwill make the time you do spend workingmore productive. And besides… what arewe working for?Still, taking a hard look at the value of bothyour personal and business time may helpyou make some changes that both put moremoney in your pocket and improve yourquality of life.

Divide your work hours.Multi-tasking is an illusion — we can really onlypay attention to one thing at a time. There’s a timecost associated with switching tasks — anywherefrom a few seconds to a few minutes, depending onthe task. One of the most important things you cando to improve your use of the time you have is towork in batch mode, i.e., stay focused on one taskfor as long a period as reasonably possible. Unlessit is absolutely essential to your business model,don’t take incoming phone calls yourself; schedulecalls via email and block out a time to return phonemessages. You can have an open-door policy foryour office, but encourage people to schedule atime with you instead. If you work from home, setboundaries with your family about interruptions.Get seriously organized.Yes, there’s a time cost to planning, organizing andtracking your time and actions, but study afterstudy have shown that there’s almost always a netgain for anyone other than those with very simplelives. How many entrepreneurs lead very simplelives? Get serious about getting organized. I’m notjust talking about keeping a calendar and a to-dolist, although for many people, even that’s a goodstart. Learn and implement an actual system: Get-ting Things Done (GTD), FranklinCovey, whatever— just do it, and the sooner the better.525,600 minutes. Your situation and your skillsmay be different, but you get the exact sameamount of time every year as Bill Gates. It’s yourmost precious resource, because it is the only onethat is truly scarce. Be a good steward of it and putit to its best use.

Here are some examples

Network marketing is a new program that gives you chance to earnmoney by selling a product like Cincino and Herbalife and Tupper-ware, where you sell the product to people that sell to another peoplethat sell to more people. The first person always gets most becousethen he has the most people under him.

So basically the first person to start in one area gets people in on theprogram. They all get people together on a meeting to try to recruitthem and if they sign in, the starters gets more paid, and thats goeson and on.

StartupIf you want to start in a program like this it costs about $1,500-$2,000 to get started. The only thing you need is a car and a phoneand you can work at home. It is possible to have it just as a part timejob to earn little bit extra but you have to be very efficient if youwant to earn good money by this.

Over decades have countless people have come to meet Gerald A. Swaye & Associateslaw firm. The firm has been on the top of many constant changes in the legal field formany years. There are issues the firm has been dealing with. Past few years there hasbeen cuts instituted to motor vehicle accident benefits. Non-OHIP-covered medical andrehabilitation benefits for non-catastrophically injured people has been change from$100,000 to $50,000. The reason for the change was a stated rationale that came from theinsurance companies. The rationale was to end the practise of unscrupylous rehabilitionproviders making the injured come back for more and more treatment that they may wellnot need. But that didn’t last long because couple years later the ruling was changedagain and now are the benefits for catastrophically injured remained at $1 million therewhole lifetime. However the money can be spent quickly and these amounts don’t takeinto account the effects of inflation and the escaling costs of medical treatment

The story of Jaisa SulitAfter a motorcycle accident was Jaisa Sulit put into a wheelchair with an injured spine. Ittook her two years to regain her normal life backand just that costed her over $140,000. Her case isnot the only one. A large number of people suffercatastrophic injuries on the roads every year.Whether your injuries are minor or major after anvehicle accident, you have to have a good represen-tation looking out for your interests and to makesure you recieve the compesation you need, whetherit’s from your accident benefit insurer or other driv-ers who may have caused the event that led to yourinjury.

Resource: http://www.thespec.com/shopping-story/5454051-don-t-be-short-changed-on-car-accident-benefits/

• Accident benefits are the legal ways you can claim compensation as a result of sustaining in-juries in a motor vehicle accident regardless of who was at fault for the accident.• If get into a car accident and can not work because of injuries, you areeligible to weekly benefit that will partially compensate you for the loss ofyour income. • If you can not continue as the main caregiver for a member of yourhousehold, you are eligible for weekly benefit that will reimburse you for theexpenses you have incurred. • That the Rehabilitation Benefits are for the payment of expenses in-curred by you or on your behalf, provided you have been injured in a car accident.• It will be payed for all the resonable and necessary medical and rehabilitation expenses that thegovernment health plan doesn’t cover up. It will also be payed for a caregiveror attendant that you require as aresult of the accident.• There are lump sum payments available for survivors of a personalkilled in a car accident and to help pay for expenses of a funeral. • If you suffer an impairment as a result of an accident, your insurancecompany will pay for reasonable and necessary expenses incurred by peoplewhen they visit you during your treatment or recovery. • That your insurance company will pay for reasonable expenses incurred by you to repair or re-place clothing you were wearing at the time of the accident. • Your insurance company will pay for reasonable expenses incurredfor an examination. • If you are enrolled in school at the time of the accident and as a resultof the accident unaviable to continue. The benefit covers expenses incurredbefore the accident such as tutions, books and equipment. • In Accident Benefits vocabulary the word “accident” means an inci-dent in which the use or operation of an automobile directly causes an impair-ment or directly causes damage to any prescription eyewear, denture, hearing aid, prosthesis or othermedical or dental device.• The insurer shall pay a death benefit in respect of an insured person who dies as result of an ac-cident• The insurer shall pay up to $100 per week for reasonable and neces-sary additional expenses incurred by or on behalf of an insured person as aresult of an accident for housekeeping and home maintenance services if, as aresult of the accident, the insured person sustains a catastrophic impairmentthat results in a substantial inability to perform the housekeeping and homemaintenance services that he or she normally performed before the accident.

Resource: http://personal-injury-ontario.ca/accident_benefits.html

NounsBenefit: something that is advantageous orgood.Injury: harm or damage that is done or sustainedAccident: an undesirable or unfortunatehappening that occurs unintentionally andusually results in harm, injury,damage, orloss; casualty; mishap:Rehabilitate- verb -torestore to a condition of good health, abilityto work, or the like.Expense: cost or chargeCaregiver: a person who cares for someonewho is sick or disabled.Insurance: the act, system, or business ofinsuring property, life, one's person, etc.,against loss or harm a rising in specifiedcontingencies, as fire, accident, death,dis-ablement, or the like, in consideration ofapayment proportionate to the risk in-volved.Company: number of individuals assem-bled or associated together; group of peo-ple.Service: an act of helpful activity; help; aidAttendant: a person who attends another,as to perform a service. Examination: the act of examining; inspec-tion; inquiry; investigation.Consumption: the act of consuming, as byuse, decay, or destruction.Litigation: a lawsuit.OHIP: Omario Health Insurance PlanCatastrophical: a final event or conclusion,usually an unfortunate one; a disastrous end.

AdjectivesSustainable: capable of being supported or upheld, as by having its weightborne from below.

VerbsEnrolled: to write the name of (a person) in a roll or register; place upon a list; register.Non-earner: someone who isn’t qualify to get in-surance for some reasons.Estimate: to form an approximatejudgement or opinion regarding the worth,a mount, size, weight, etc.,of;calculate approximately.Involve: to include as a necessary circumstance,condition, or consequence.Incur: to come into or acquire (some consequence, usually undesirable or injurious).