One of the most common terms found in a new home loan is a prepayment penalty. This type of penalty says that if the borrower pays off the loan early, commonly during the first five years of the loan, then the borrower will be responsible for paying an additional amount of money, typically about six months interest on 80% of the mortgage balance. Sub-prime market loans will typically carry prepayment penalties more than standard mortgage...more
That Monaco is crowded with celebrities is no piece of news. Since 1869, when the personal income tax policy became favorable, Monaco attracted very many individuals with high net income, such as movie stars, sporting stars etc. who became residents of the Principality in order to benefit from personal income tax exemption.Take, for instance, Roger Moore, Shirley Bassey, Ringo Starr, Karen Mulder, Eva Herzigova, the race drivers Jacques...more
There is a steady stream being written and taught about leadership these days. There are tips about leadership, courses about leadership, books, retreats, and continuing education - all focused on leadership. While all of this material is useful and can certainly enhance one's leadership knowledge, for the most part it avoids asking and answering two questions: Why does better leadership make a difference? , and How does better leadership achieve those differences?We all know we're "supposed" to work to be better leaders, but why does it matter, what impact does it have, and how does this all work?Whenever I ask the "Why" question, the answers that come to the mind of most people are something like "better leadership creates more productivity, higher profits, lower turnover, greater job satisfaction, more loyalty you get the picture. But these responses bring us to the real question which is, "How does better leadership create those things? How does being a better leader lead to more productivity, higher profits, lower turnover, greater job satisfaction, more loyalty?" It is the answers to these two questions which elevate us from simply learning and understanding better...more
After purchasing Anthony Robbin's Get The Edge program, I was a bit skeptical that it would provide much value. I can honestly tell you that it has dramatically changed many areas in my life. Many of my new or old goals are finally in clear focus, I've been taking action on a daily basis and more of my goals are now beginning to become a reality....more
Is accumulating wealth as easy as following a 3-step plan? Yes it is and no it isn't. As with many things in life, accomplishing a goal such as accumulating one million dollars (or even $100,000) depends on your desire, your personal choices and your daily actions. Let's start with one example on how you might miss this goal. One of the first...more
Starting up a new venture or business can be one of the most exciting times of your life. It can also be one of the most stressful. In the early months, or even early years of your business, cash flow is often not what you would like it to be. If you're a solo entrepreneur, you're wearing many hats - in fact, you're probably wearing all of them. Not only are you selling your product or service, you're marketing it, doing the accounting, paying the bills, answering the phones, designing and updating your website and preparing and sending out mail. And, certainly for your own business, you can easily think of ten or fifteen additional tasks to be done in addition to these. In the early days of your start-up, many if not most of these tasks seem doable. But, once you've started making sales or the public interest in your business begins to grow, wearing all the hats becomes impossible, frustrating, and highly stressful.One quick and easy solution is to hire an intern - a college intern. During my corporate career in finance, I made use of many college interns over the years. Not only were they diligent, responsible, and some of the best employees, they were eager to learn and...more
Passwords have a strange dual nature. The stronger and safer the password the more likely it will be undermined by human weakness.It is widely known that passwords are the most common means of access control. It is also common knowledge that...more
Seminars dealing with "special topics" have actually been around for decades, and are an older form of marketing and information exchanges, that have seen quite a resurgence of interest in the past ten years.Seminars are simply a group of people...more
The CEO of a worldwide business asked me to help him develop a talk he planned to give to several hundred of his top executives. He said, 'I feel as if I'm Daniel going into the lion's den.' Indeed, it was the business equivalent of a lion's den that...more
Is customer service a lost art? Before you answer that question, take a moment and think about the last few times you have gone shopping or out to dinner. Okay, now that you have really thought about it, is your answer any different?Why is it that...more
This is a question many people have asked themselves, sometimes over and over. Is it possible for the average person to start and run a successful home business? I'm here to say that the answer is a resounding YES!With that said, there are some...more
Do you own your own home business? Is your family involved with your daily business? Yeah, I know at times it seems easier to just do everything yourself. It is an easy trap to get into. Why take the time to explain the job, show them how it should...more