Life Lenders’s Common $en$e – Happy Holidays

Wishing you a joyful, healthy, and prosperous holiday season!

As we reflect on 2024, take a moment to assess what worked, what didn’t, and how you want to grow in 2025.

• Review your 2024 goals and accomplishments

• Identify what you want to replicate or improve

• Write down clear goals and objectives for 2025

Holiday Tips for a Smarter New Year

1. Live the Lessons We Teach Our Kids

• Say no politely when needed

• Collaborate effectively with others

• Meet deadlines

• Pay yourself first—budget and save consistently

• Ask for help when you need it

Simple, timeless advice—often easier said than done, but powerful when followed.

2. Smart Tax Planning for the Self-Employed

If you’re self-employed, consider hiring your children to help with tasks. In 2024, you can pay them up to $7,000, which can go into a ROTH IRA—lowering your taxable income while giving your child a head start on tax-free retirement savings.

You can still contribute for 2024 up until April 15, 2025. Even a short contribution window can lead to long-term wealth thanks to the power of compounding.

3. Use a Health Savings Account (HSA)

If you have a high-deductible health insurance plan, open an HSA. Contributions are pre-tax, roll over annually, and can be used for medical expenses—ranging from co-pays to eyeglasses and over-the-counter items.

4. Leverage Credit Card Purchase Protection

As you shop this season, check if your credit card extends manufacturer warranties or offers purchase protection. Some cards double or triple the standard 1-year warranty at no extra cost.

5. Consider Pet Insurance

Got a new furry friend in 2024? Pet insurance is most affordable when pets are young and helps cover high medical bills later. If your pet’s like family (and most are), plan ahead to protect them without financial surprises.

6. Plan Your Vacation Before You Leave

Book your excursions and tours before you travel. Pre-planning saves time, provides more options, and usually delivers better pricing. Don’t forget to call your resort ahead of time to reserve dining and activities—popular amenities fill up fast!

I’m looking forward to a productive, exciting 2025. I hope to collaborate with many more of you in the year ahead. Let’s make it a great one—together.

Quote of the Week

“What the new year brings to you will depend a great deal on what you bring to the new year.”

- Vern McLellan

Loan Programs Available

• Residential, Commercial & Bridge Loans

• Renovation & New Construction / Fix & Flip Investors

• HUD Multi-family loans up to 85% with 35-year amortization

• Bridge & HUD loans for Nursing Homes & Assisted Living Facilities

• Reverse Mortgages up to $4M, including Co-Ops

• SBA business financing up to 90%

• Investor, Commercial, Bridge, HUD, & SBA loans available nationwide

Contact Us

Have questions or ready to get started?

Call: +1 (347) 804-4438

Email: info@lifelenders.net

At Life Lenders we’re proud to offer our mortgage services across the 50 US states, making it easier for you to access the financing you need, no matter where you are.

This communication is intended solely for licensed professionals and is not an offer to lend.