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Home » Business And Finance Articles » How To Take Your Stalled Projects To The Finish Line

How to Take Your Stalled Projects to the Finish Line

Q. I have several projects going at once -- but I never seem to finish them! I'm pulled in so many different directions -- and I end up with nothing to show for my efforts!

A. While you're in a creative mode, you're most likely to be swamped with ideas! Most people have too few ideas or too many. Here's how to deal with the "too many to finish" challenge.

(1) Stop berating yourself for not finishing a project. Instead, say, "I don't feel ready to move in that direction. I'll write down the idea and file it away for the future."

(2) Tell a story about what would happen if you finished each project. "Susan finished all her art projects and..." You may be surprised what comes up. One client resisted finishing a book because she dreaded getting a slew of rejections from agents. Another resisted applying for jobs because she dreaded spending eight hours chained to a desk.

(3) Review your economic situation. If you're desperate to finish these projects to make money, fear may be blocking your intuition. You'll have trouble thinking clearly and setting priorities.

On the other hand, if you don't need the work, you may not be motivated. Some people need a certain amount of pressure to get moving.

(4) List up to three goals that you'd like to accomplish in the next six months, even if you do nothing else. Some people need to focus on a single goal or they get hopelessly distracted. However, others (including most gifted adults) are multi-taskers, who aren't happy unless they're juggling several balls in the air.

(5) Study the market for each project you are considering. Once you've identified your target customers and the need you'll be meeting -- and made sure people will pay for what you offer -- you'll realize whether moving forward makes sense.

(6) File each new idea in a computer or paper folder or set up an "idea board" near your desk. As you think of ways to flesh out an idea, add notes to each folder. Give each idea time to mature. Some will fade away on their own; others will ripen into exciting opportunities.

(7) Create a strong support system, even if you have to hire a consultant or coach. As Julia Cameron wrote in The Artist's Way, the notion of solitary creativity is nothing but a stereotype. Writers, artists, business owners and professionals need opportunities to talk about their progress. They need to feel someone cares about what they're doing and believes in them.

In my experience, this lack of a support network tends to be the single greatest source of success in any field.

And here is another random article you might be interested in...

Should you Get an Interest-only Home Mortgage?

Before you consider taking out an interest-only mortgage, you should first understand what they are. Unlike traditional, fixed-rate mortgages, interest-only mortgages allows the borrower to initially pay the interest on the principal for a short period of time, rather than making payments on both the principal and the interest. This is how it works: say, for example, you've taken out a mortgage for $100,00.00, which would require a monthly payment of around $1,000.00. However, with an interest-only mortgage, the same payment would only amount to around $695.00. You could use the extra money to pay existing debts, like credit cards or student loans, or perhaps invest it.

The concept of an interest-only home loan is not a new one. A descendant of the jumbo market, these types of mortgages were initially geared towards those who intended to utilise the excess cash for other types of investments. This is an ideal option for the market-savvy investor, as it frees up some income for other projects. However, this type of mortgage has now entered the mainstream market, and is available to most home buyers.

There are many benefits associated with taking out interest-only loans. They allow younger buyers to take advantage of a developing real-estate market, giving them the opportunity to afford a slightly higher priced home.

Before taking out an interest-only mortgage, there are few things that you must take into consideration. While the thought of only having to pay for interest for the next few years may seem very tempting, you must remember that when the interest-free grace period is over, you will have higher payments than you would have with a traditional mortgage. Many young couples do not account for this, assuming that they will be earning more money in the future, not anticipating that they may face financial hardships down the road, thus putting their home at risk.

While there are many advantages to taking out an interest-free mortgage, it is important to remember that the grace period will not last forever and that the monthly payments will eventually go up. As long as you make financial plans for the future, taking advantage of an interest-only mortgage could allow you to increase your financial well-being, bringing you peace of mind.