Ouida Vincent

How I Overcame Procrastination for a Day

One of my weaknesses? Procrastination. I suspect it is for a lot of people. The self help isles of bookstores are filled with books on conquering your fears and conquering procrastination. More than a few success gurus reveal the "secrets" of how they use... Read >

Three Simple Steps to a Healthier Lifestyle

Every human being is the author of his own health or disease. Buddha To keep the body in good health is a duty... otherwise we shall not be able to keep our mind strong and clear. Buddha It is health that is real wealth and not pieces of gold and ... Read >

Understanding Real Estate Losses

I was talking with my mentor, Chuck, the other day and was pouring over my year end statements calculating losses in rental income over the year. I do this by calculating the expected income: rents times units times twelve and divide that into rents actu... Read >

Three Sure Fire Ways to Cultivate Positive Business Relationships

As a small businessperson, you have no greater leverage than the truth. John Greenleaf Whittier All lasting business is built on friendship. Alfred A. Montapert In the current economic climate, more and more people are looking at ways to create a ... Read >

How To Avoid The Five Common Mistakes When Buying Your First Property

You decide to take the plunge and buy your first property. You scour newspapers, websites and local realtors looking. After weeks of searching, you've found the perfect property with which to begin your investing career, or have you? Have you done th... Read >

How To Guide: Is Real Estate Investing Right for You?

If I knew then what I know now, I never would have voted for the war. Ken Lucas For me the greatest source of income is still movies. Nothing - stocks, financial speculation, real estate speculation or businesses - makes more money for me than makin... Read >

5 Common Money Mistakes About Cars

The people recognize themselves in their commodities; they find their soul in their automobile, hi-fi set, split-level home, kitchen equipment. Herbert Marcuse When Solomon said there was a time and a place for everything he had not encountered the pr... Read >

How to Break into Real-Estate Without Going to Jail

Business, that's easily defined - it's other people's money. Peter Drucker It's tangible, it's solid, it's beautiful. It's artistic, from my standpoint, and I just love real estate. Donald Trump A simple rule dictates my buying: Be fearful when o... Read >

Mortgage Reduction Secret Weapon: Your Down Payment Part 3of 3

In parts 1 and 2 we reviewed wealth principles, how a mortgage works and the conventional prepayment plans commonly available to consumers. Those prepayment plans pale in comparison to this one: The Down-payment Secret Weapon What is a down payment... Read >

Mortgage Reduction Secret Weapon: Your Down Payment Part 2 of 3

In part 1 of this series we reviewed how mortgages work, that a home is not an asset and the principles of wealth creation. Here are the Principles of Prosperity in review: 1. THINK - Owning a prosperity mind-set eliminates poverty; scarcity thinking ke... Read >

How to Pick The Personal Finance Book That’s Right for You

In 1997 I picked up my first personal finance book, The Millionaire Next Door. I had heard that the book revealed to the world that millionaires were cheap folks who drove old cars and didn't send their kids to college. Nothing could have been further f... Read >

Mortgage Reduction Secret Weapon: Your Down Payment Part 1 of 3

Part 1: A Primer on Wealth Creation and How Mortgages Work. The personal finance literature is replete with tips to assist you with paying off your mortgage sooner than the standard 30-year amortization period. Most of these tips rely on bank-sponsore... Read >

Developing Your Personal Financial Philosophy

Philosophy is defined as the most general beliefs, concepts and attitudes of an individual or group. A financial philosophy, therefore, is the development of general beliefs and attitudes as they relate to money and business transactions. I began to t... Read >

The Great 401K Experiment and 16 Strategies for Creating Wealth.

You have been diligently saving into your 401K and looking forward to your retirement. You are 57 years old and you open your statement. You've lost half of your retirement investment. Suddenly retirement has been pushed back beyond age 65 and you will... Read >

Zack, Miri, the P-Word and the Laws of Success

The 'p-word' is Porno and Zack and Miri, life long friends decided to make one. Busted and broke, Zack thinks it would be an easy to make a porno and make money. Miri thinks that if it were easy, everyone would do it. Zack raises the money, finds a stu... Read >