Skip to main content

Registered Mortgage Broker

Managing Your Tasks: Simple Tasks to Improve Your Productivity

Have you ever noticed that some of your most innovative thoughts have happened at the oddest times? The reason for this is that your brain wasn't occupied with your ongoing "to do" list, so it was finally free to explore new ideas.

If you want to do more creative thinking, then you need to establish a system for organizing your tasks. Begin by collecting them in an in box. What should you do with the items once you've accumulated them? According to David Allen, the best-selling author of Getting Things Done, the first step is to ask, what is it? Is it actionable? If you can't act on it, then put it into one of three categories: reference, such as a noteworthy article; someday-maybe, which is a task that you might do later; and trash. The filing principles we're discussing here work equally well with manila folders and a circular file, but in our example we'll be using Microsoft Outlook.

Many of us use Outlook's tasks function, but for some the list has degenerated into an "amorphous blob of undoability", according to Allen. He suggests organizing Outlook tasks using categories. For tasks that require no immediate action, but might happen eventually, produce a category called someday-maybe. Create each task in this category with a potential start date and a scheduled reminder. If there are items that should be referenced, you can file them in an appropriate folder on your hard drive or in a file cabinet. Remove trash as soon as you can.

If the item is actionable, you will have to decide on the next step. This step will either be to do it, delegate it, or defer it. If a task can be handled in 2 minutes or less, Allen says simply do it. It will take longer to file and retrieve it later.

If you can delegate a task, do so. Outlook gives you the option of assigning a task to somebody else, setting due dates and priority, and sending the task to a recipient in your contacts list. It will also notify you when the task is reported done. You can file this task in your new Outlook category, waiting for.

If you can't handle a task immediately, Allen suggests deferring it to a category where it can be done. Examples include: @phone, if you have to call a client; @home, if you need to mow the lawn; @office, if you need to prepare a presentation, etc. If a task has to be done at a specific time on a specific day, put it in the Outlook calendar. Don't forget to set reminders.

Of course you will have projects that can't be handled as simply. Any task that involves more than one step should be filed in the task manager under projects. David Allen suggests that on a weekly basis, you should review all tasks listed under projects and ask yourself, "What is the next action?" This will ensure that you continue to make forward progress.

  • Hits: 1410

Baby Boomers Retire: Reverse Mortgages Gain Popularity

Born between 1946-1964, the generation known as the Baby Boomers will begin to retire in large numbers, substantially shrinking the labor force in the US. As a result, Social Security, Medicare, and other government programs will be significantly affected over the next several years. In fact, the Social Security Advisory Board (SSAB) estimates that, by 2030, about 20% of the American population will be 65 years old or older.

With rising costs of living and a dwindling budget to accommodate the elderly and disabled, we will see increased usage of the reverse mortgage. This loan allows equity to be taken out of the home to meet day-to-day expenses, and was designed in the late 1980s to help those who owned property, but lacked sufficient income to live on. However, there are benefits and disadvantages to be considered before going into this type of loan.

In most loan scenarios a home will go into foreclosure if payment is not made. If payments are made, the debt decreases and equity increases. The opposite holds true for a reverse mortgage; equity is taken out of the home to sustain the family, causing debt to increase while equity decreases. There is an exception - if the actual value of the home increases, less equity will be lost overall.

 Most reverse mortgages are set up so there is no monthly payment as long as the owner resides in the home. There are no minimum income requirements, and the money can be used for any purpose. Equity disbursed from this type of loan is tax-free. Depending on the type of plan, reverse mortgages will usually allow the owner to retain the title to the property until they have lived in a different residence for 12 months, sold the property, died, or the end of the loan term has been reached.

On the flip side, reverse mortgages can be more costly than a normal equity loan. Interest is added to the principal balance each month, and the amount of interest owed is compounded over time. The interest will not be tax deductible until the loan is paid off, in part or in full. Also, since the reverse mortgage uses equity in the property, this constitutes a loss of assets one could pass on to heirs.

The Federal Trade Commission warns of abuse with this type of loan, as they have received reports of predatory lenders taking advantage of the elderly. It is best for the individual interested in a reverse mortgage to research and obtain counsel from reputable sources.* HUD does not recommend consulting an estate planning service to obtain a referral to a lender. HUD provides this information free to the public. Even if the home loan was not originally an FHA loan, the reverse mortgage can be federally secured.

  • Hits: 1546

Proactive or Reactive? It's Up to You

Everyone makes choices. Their outlook on life, whether at home, at work, behind the wheel or at the theater, directly correlates to the decision to be either positive or negative. In essence, it's as simple as whether you see the glass half full or half empty. As author Stephen R. Covey puts it in his much publicized book, The 7 Habits of Highly Effective People,* you can choose to be proactive or you can choose to be reactive. He takes his theory a step further, saying that a proactive stance leads to greater success and contentment. From that perspective, a reactive person is sabotaging himself or herself. 

Covey contends that every single day, people have 100 opportunities to be proactive or reactive. Let's say you're in your car on the freeway and an overly zealous driver is practically sitting on your tail in the fast lane. You're driving at the speed limit, actually a couple of miles faster than the law permits. But the motorist behind you thinks he's at the Indy 500. You can stay where you are, infuriate him and possibly get rear-ended. Or, you can move out of harm's way, to that opening in the right-hand lane and let him pass. He's in the wrong, and there's no question about it. Will you follow his lead? Will you be proactive or reactive? It's up to you. 


It's very empowering to look at life from Covey's point-of-view. If you moved to the right lane, the reckless driver didn't force you. He didn't win. A vehicle can be a deadly weapon and you made the sensible, mature decision that shows why you deserve a driver's license and the other driver belongs on roller skates. 

At work, you can be proactive if you take the time to learn about the principles of nature - in this case human nature and people interaction. 

"If you ignore the principles of human effectiveness, you (can) work very hard, but still not get what you want," Covey says. Say that you've been working with a prospective client for the past three weeks, really putting a lot of effort into the new relationship. Then you learn, through some mutual acquaintance, that this would-be client ended up going to a competitor for the same service. It happens, and you don't have to necessarily blame yourself. But, you should take time to reflect on the past three weeks. Were you really proactive or were you reactive? How did you interact with the client? 

Covey says principles are "natural laws that govern the world." To attain a proactive mind-set, he emphasizes one must create beneficial relationships, build trust and commit to self-renewal. "To be trusted, you must be trustworthy over time," Covey asserts. As for self-renewal, he says renewal means "preserving and enhancing your greatest asset - yourself."

  • Hits: 1403

Microsoft Excel Tips and Shortcuts

Even if you're not a mathematical genius, you can use Microsoft Excel to keep track of just about anything. From managing your personal finances to budgeting and organizing projects, Excel can help you stay on top of it all.

Here are a few tips to making your spreadsheets as effective as possible—for newbies and experts:

Display Formulas - If the cell has a formula inside of it, entering Ctrl + ~ will toggle between the result and the formula.

COUNT - The COUNT and COUNTA formulas total up the number of cells containing numbers, or allow you to quickly find the sum of the numbers in a given set of cells, respectively.

Read more …Microsoft Excel Tips and Shortcuts

  • Hits: 1428