Looking for some excitement: start an online business

A viable option for some midlifers and beyond  is starting a web-based business. But if you have always worked for some one else you have to change your thinking. If you want to work for yourself you have to shift …

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An interview with Irena O’Brien: How to overcome procrastination

Last week I had the pleasure of interviewing Dr. Irena O’Brien, the Get-Out-of-Your-Own-Way Expert & Business Coach. Irena has contributed many informative articles to Money and Midlife, including Holistic Wealth Building Program and 10 Steps to Creating a Killer Wealth …

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Not all banks are created equal

Last week I went to see my new bank adviser at the ScotiaBank in my neighborhood. For those not familiar with Canadian banks it’s the third largest bank after the Royal Bank of Canada (RBC) and the Toronto-Dominion Bank. I …

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A house may not be an asset but it can be useful when in debt

Robert T Kiyosaki argues in his classic book that a house is not an asset nor a very good investment for several reasons.

  • You work all you life for a house you never own.
  • Even though you may receive a

    • …

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Procrastination can kill your bottom line

Did you know that 1 person out of 5 has a problem with procrastination? If you are one of these people and you are a small business owner, it could mean disaster for your business.

Dr. Irena O’brien  holds a …

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Looking for some excitement: start an online businessAn interview with Irena O’Brien: How to overcome procrastinationNot all banks are created equalA house may not be an asset but it can be useful when in debtProcrastination can kill your bottom line

Looking for some excitement: start an online business

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Start an online business

A viable option for some midlifers and beyond  is starting a web-based business. But if you have always worked for some one else you have to change your thinking. If you want to work for yourself you have to shift to an entrepreneurial mindset. Paul and Sarah Edwards, authors of Finding Your Perfect Work: The New Career Guide to Making a Living, Creating a Life, suggest some new ways of thinking. You need to shift from:

  1. Dreaming to acting; you are only limited by your own time, energy, creativity and willingness.
  2. Being secure to being adventurous; move to the possibility of creating your own future.
  3. Being a spectator to being a player; you have to learn to count on yourself to succeed.
  4. Playing other people’s rules to playing your own; learn to experiment and find out what works and what doesn’t.
  5. Tooting someone else’s horn to tooting your own; become a student of marketing. Read the rest of this entry »
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An interview with Irena O’Brien: How to overcome procrastination

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interviews

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How to overcome procrastination

Last week I had the pleasure of interviewing Dr. Irena O’Brien, the Get-Out-of-Your-Own-Way Expert & Business Coach. Irena has contributed many informative articles to Money and Midlife, including Holistic Wealth Building Program and 10 Steps to Creating a Killer Wealth Building Plan.

In the interview she talks about:

  • Her definition of procrastination
  • The pervasiveness of procrastination in North American society
  • Some examples of unpleasant tasks that business owners avoid ultimately jeopardizing their business.
  • The consequences of chronic procrastination
  • The story of one individual who overcame his hidden beliefs about money and increased his business significantly
  • One of her favorite books, The Procrastinator’s Digest.

I’ll be publishing the interview on May 2 in the Money and Midlife Newsletter. So Sign-up now in the box on the right and get a free gift.

Learn more about Irena O”Brien.

Dr. Frank

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Not all banks are created equal

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financial literacy

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Last week I went to see my new bank adviser at the ScotiaBank in my neighborhood. For those not familiar with Canadian banks it’s the third largest bank after the Royal Bank of Canada (RBC) and the Toronto-Dominion Bank. I deal with both ScotiaBank and RBC for different reasons. ScotiaBank has offered the best mortgage rates and home equity programs over the last several years. RBC, on the other hand, provides a great online banking experience. I like their real-time transactions feature.

Back to my reason for visiting ScotiaBank. First, I wanted to meet my new adviser and talk to him about increasing my monthly contributions to the TSFA, tax free savings account, I have with the bank. Canadians can contribute up to $5000 a year to the plan to shelter money from taxes now and when the money is withdrawn. Read the rest of this entry »

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A house may not be an asset but it can be useful when in debt

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books, financial literacy, real estate

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Robert T Kiyosaki argues in his classic book that a house is not an asset nor a very good investment for several reasons.

  • You work all you life for a house you never own.
  • Even though you may receive a tax deduction for interest on your mortgage, you pay for all your expenses for all your after-tax dollars (unless you are like my wife and I who deduct home office expenses).
  • Property taxes can kill you (mine almost doubled a few years ago).
  • Houses do not always appreciate (I’m lucky because my region has seen small but steady increases over the years).
  • A good chunk of your money may be tied up in a house; you may miss investment opportunities.

If you are smart, like Deonne Kahler,  you may use strategies to pay off your house fairly quickly. In an article, “The One Thing You Must Do to Have Financial Freedom for the Rest of Your Life,” on her Life on the High Wire blog, Deonne explains the steps she took to get rid of her housing payments. She purchased and sold a couple of houses and ended up mortgage free. It is a disciplined approach to solving part of the debt puzzle.

If you, however, if you own a house and have a small mortgage on it, it may come in handy when in debt. Read the rest of this entry »

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Procrastination can kill your bottom line

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entrepreneurship

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Did you know that 1 person out of 5 has a problem with procrastination? If you are one of these people and you are a small business owner, it could mean disaster for your business.

Dr. Irena O’brien  holds a doctorate in psychology. She describes herself as the Get-Out-of-Your-Own-Way Expert & Business Coach. Irena works with frustrated business owners who are not living up to their business potential.

I had the pleasure of interviewing Irena O’Brien about procrastination – how she defines it, how it affects your life and business, and what you can do about it.

In the interview Irena talks about: Read the rest of this entry »

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