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	Monday, November 07, 2005

I delivered a talk on a national conference on e-commerce, and I was told to inform the audience what are the new technologies that would be applicable to small and medium size businesses. While I do understand that there are some businesses that are always on the lookout for the hottest and new technologies, the point is that at the end there are many technologies that are ‘hot’ but hardly (more…) 7:43:47 AM     comment []   trackback []

There was a time when I have been very cautious about using credit, and definitely one way to make sure that you don’t get the opportunity to abuse it is to close it. However, as time goes by, there are times when opportunity presents itself, or a crisis presents itself when the best course is to use credit, so apparently the best policy to make sure you keep your credit line as high as possible. For instance, you are given 5 credit cards with 10,000 dollars line each, and your balance is $6,000. You may think that since you use only $6,000, you can cancel 4 of your credit cards. But that is not so good. It looks like you are using $6,000 of your $10,000 credit which seemed that you are overextended. However, if you continue to use only $6,000 out of $50,000 that you have, then you are only using 12 percent of your available credit, which looks better to creditors. As long as it is not too expensive to maintain the credit line, and make sure that you are prudent in using it, the advice seems to be to get the credit line, but to utilize less than 50 percent of it unless necessary. 7:37:22 AM     comment []   trackback []

Earlier, I wrote an article about what is really the goal of entrepreneurship, and why it is the holy grail to financial independence. The goal is to generate passive income. How do you distinguish that? Active income is the amount you earn based on your skills and time. Passive income is the amount you earn from your investments and assets — income that hopefully (more…) 7:36:21 AM     comment []   trackback []