Action or paralysis

Over the past few months I have been treating myself to a much better dose of knowledge both in terms of what I read, see and listen to and in terms and closing out all channels of useless information. This has actually given me a lot of time to reflect on myself.

For the most part my inspiration has been coming from Ted.com and I love the way they passionately discuss ideas to change the world. However I have just been stuck in paralysis...

Time to get cracking again... Hopefully something concrete will be up and running soon.

Are you afraid

With a change in the way we do things comes a change in us.

That's why more often than not we are afraid of change, and what it signifies for us.

With radio, newspapers had a change; with the TV, radio had to change; with the internet, TV had to change; and with google, yahoo had to change.

Google Pay Per Click has been the hottest things since sliced bread, bring more action to the small guy and more exposure to the ones who know how to use PPC.

If you are in Toronto and are looking to boost your online business, give Toronto PPC a shot. They will surely change the way you do business.

How to reduce debt:

How to reduce debt:

1. Cancel your credit cards except one. Keep the last credit card in a cup of water in the freezer, effectively frozen, to avoid impulse buys.

2. If you cannot afford to buy something as a one of payment, you cannot afford it, buying it on installments will not help you, but will only put you in more debt.

3. Pay your highest interest earning loans first, and then move down. Pay more than the minimum amount on these loans, including interest.

4. If you drive a long distance, carpool or ride the subway/mass transit. If you drive a short distance, walk or take a bus.

5. Only use the car for groceries which you cannot carry in your backpack, for bulk items.

6. Do all your grocery shopping in one trip, multiple trips in a car cost excessive fuel.

7. Move to a smaller house. Put up your own on rent. Make sure the rent you pay is less than the rent you get for your home.

8. Reduce electricity usage by unplugging all your devices when you are not using them, including your DSL modem laptops, desktops, excessive lights, the time it takes to turn on is going to be less than the cost of electricity it uses.

9. Cancel your post paid subscriptions (like phone, cell phone, DSL internet, and any other subscription) and get prepaid phone, cell phone, and internet. especially for cellphone, where the tariffs are higher than the utility. Use a landline whenever available, use an (office, or home) landline phone before you head out for a journey instead of using the cellphone while you are in the car.

10. Sell your unwanted stuff. There maybe a lot of unused, unnecessary items in your closet which you bought at an impulse that you no longer need. Think about selling these, or trading them for something that you really need. Sentimentalism can wait till after you are debt-free.

11. Give your debit card to friend/family member you trust, pull out only the cash, that you need as a bare minimum for each month.

12. Get rid of expensive friends, who want to dine-out more often than not.

13. If the largest asset that you have is the house you live in, rethink your financial plan and how you intend to finance or run your house.