How to get things done and prove the naysayers wrong

say-no-to-naysayers

This is for those of you who seem to encounter a lot of obstacles, challenges and naysayers in your life on the way to your goals. There is no shortage of methods, systems and tutorials that claim to teach you how to get things done.  Special notebooks, goal-setting software, prioritized task lists, motivational videos, personal- power-unleashing seminars and a variety of specialized gadgets exist to help you laser-focus on proper goal-setting and productivity. And while different people prefer different systems – all of those mentioned above work fine.  It is easy to choose the one you like and be on your way to changing your life for the better. Yet, despite the variety of available tools and techniques, the results […]

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HELOC: get better investment returns and accelerated portfolio growth

It has been a while since we discussed money matters – so today we are going to quickly talk about home equity loans (HELOC) and how you can use them to maximize your returns. The readers of The Ultimate Alpha Project know that, alongside with maintaining exemplary health, physical strength and mental capacity, financial success is a major part of being an Alpha and kicking butt in all areas of life.  You also know that I consider real estate one of the very few investment vehicles that are worth your while.  Let’s see how HELOC loans fit into the bigger real estate investment picture. Life before HELOC Because banks do not lend 100% of the value in question, a typical […]

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Planning my retirement: future value of present decisions

Retirement

I am planning my retirement future.  Not in a traditional sense, such as preparing for austerity, downsizing my living space, restricting spending and depending on others, including the Government (we have seen in the article on tax-deferred plans that this could be a bad idea).  By contrast, my plans have some grandeur, financial freedom, and ever-increasing quality of life. I do not plan to be forced to significantly reduce my spending after retiring at the risk of having to eat cat food otherwise.  I do not anticipate being involved in the typical cliché retirement pastimes, like playing bingo, doing gardening and living off some modest investments with no aspirations and occasional trip to a tropical location in the cheap part of […]

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Does investing in tax-sheltered retirement accounts make sense?

Ahh, sweet retirement…  Many of us dream of that blessed day when we can finally escape the rat race and enjoy the freedom to travel, enjoy time with family and live life to the fullest, while collecting benefits from pension plans that we so diligently worked to regularly contribute – sometimes for 45 years or more. But today I am going to give you a piece of some very uncommon advice – consider eliminating conventional tax-haven retirement savings accounts (RRSPs, IRAs, 401(k), etc) altogether.  Wait, what?!  But aren’t these considered the holy grail of saving for retirement and the best way to make sure you don’t end up eating cat food when you retire?  I have to admit – this […]

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Setting financial goals

New Year’s Resolutions We all know that around these days in early January, a lot of people start working on implementing their New Year’s resolutions – apparently, there is something special about “starting clean” on January 1.  To be honest – I could never understand why people don’t make important decisions immediately instead of waiting – sometimes for several months!.  I’m sure you’ve heard many people say about some bad habit “OK, starting from the New Year… [I will stop doing that]” – even if the New Year was months away! The sad part is that most of the goals enthusiastically set at the end of the previous year will not be reached.  The energy will fizz out in a […]

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