Once the product has been tested by the state laboratory and the dispensary is operational and inspected by the Medicinal Marijuana Program, a second permit will be issued to operate and dispense as an ATC. Once a permit to grow has been issued, Breakwater estimates it will take approximately six months to cultivate and prepare the medicinal marijuana for distribution. "Today's action demonstrates the Department's ongoing commitment to provide greater access to medicinal marijuana for qualifying patients." "Breakwater Alternative Treatment Center is the second ATC in the central region of the state to receive a permit to grow medicinal marijuana," said Health Commissioner Mary E. This is the fourth ATC given a permit to cultivate medicinal marijuana by the Department. The permit was issued after a comprehensive review including several site inspections, background checks of its corporate officers and a review of its security operations and cultivation facility. If you have any questions regarding this Blog Post, please contact us.The New Jersey Department of Health today issued a permit to Breakwater Alternative Treatment Center (ATC) in Cranbury Township, Middlesex County to begin growing medicinal marijuana. The content of this blog post is for informational and educational purposes only and is not to be considered investment advice. With this knowledge, and perhaps without even trying, you may begin to prioritize your net worth more than you have in the past.īreakwater Financial, LLC is a registered investment advisor. Know that every dollar you spend has a direct impact on your net worth. Knowledge is key and knowledge inspires action. As Robert Kiyosaki, author of Rich Dad, Poor Dad said, "Most people fail to realize that in life, it's not how much money you make, it's how much money you keep". Net worth is a far more important and revealing indicator of not only our financial success, but also of our ability to make wise decisions when it comes to the spending and saving of our hard-earned money. I believe that too often we focus on income and possessions as the primary measurements of our financial success. And sometimes you run into financial problems that were beyond your control but that still impact your net worth. ![]() However, some decisions you make decrease your net worth, but were still great decisions - like perhaps paying for your child's college education. Even the very small things, like the cup of coffee that you bought yesterday, are reflected to the penny in your net worth. If you bought more house than you could afford, your net worth reflects that. If you started saving often and early in your 401k at work, your net worth reflects that. We've all made some bad decisions about money (financial planners included!). The bottom line number directly corresponds to every good decision you've ever made about money and every not so good decision you've made. What I find most interesting about personal net worth is that your net worth is a reflection of every single financial decision you've ever made. This is so because before you can imagine what's possible tomorrow, you must understand where you are today. Your entire planning process begins with an accurate statement of net worth. Net worth is the cornerstone of financial planning. If, after earning the interest, he borrows $10 from his friend, uses it to buy lunch, then his net worth would be $91 - everything you own minus everything you owe. If the bank pays him $1 in interest, then his net worth is $101 (ignoring taxes). This person has no debts, and no other assets. Your net worth is not your income, and it's not your expenses.Īs a simple example, consider a person whose sole possession is one savings account with $100 in it. Your net worth today will probably be different than your net worth tomorrow. student loan, credit card debt, mortgages) at one point in time. It's a snapshot of all of your assets (i.e your home, 401k, checking account) and all of your liabilities (i.e. Your net worth is your personal balance sheet. Think of your net worth as a summary of your financial life: it's everything you own minus everything you owe. ![]() So just what is net worth and what does it say about you?įirst let's make sure we have a clear understanding of what net worth is and what it is not. And in some cases, it may be unknown by you as well. However, unlike many of the public displays of wealth and status, your net worth is largely unknown to others. Your net worth says more about your financial status than your income, your house, your last vacation or your car. You may not realize it, but your net worth says a lot about you.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |