It’s ironic, but sometimes age and experience can actually prevent us from achieving our full potential. The main problem is that we all develop biases and poor habits over time that can severely limit our success. Even worse, as we get older, many of us close our minds, become set in our ways and are less willing to change.

There is something magical about youth and innocence that constantly amazes me. My 14 month old daughter (pictured below) is my first child and I’ve already picked up a tremendous amount of wisdom by just observing her actions. In fact, she has completely changed my outlook on both life and business in just a short span of time without even being able to say a word.

How can a 14 month old possibly teach a grown man about business? She’s not a child prodigy. She can’t even …

In my last article entitled How Dedicated Hosting Can Actually Be Cheaper Than Shared Hosting, I discussed the reasons why I finally decided to switch from shared hosting to dedicated hosting with our online store.

After publishing the article, a number of readers subsequently emailed me to ask which provider I finally chose and how I made the decision. Ultimately I chose to go with ServInt and here are the reasons why. Depending on what needs you may have with your own website, some of these criteria may not apply.
I Didn’t Want To Pay A Ton Of Money
As I mentioned in my last article, our online store doesn’t really require too much bandwidth or CPU resources at the present time. As a result, I wanted the cheapest dedicated hosting solution possible. The most reasonable dedicated plans out there are the virtual dedicated hosting plans.

For those of …

Early on in the life of our online store, I used to wonder when the right time would be to transition our website from shared to dedicated hosting. And this past weekend, I received the answer shoved down my throat.

I discovered the hard way that I needed to switch because this past weekend our online store lost a significant amount of revenue due to a hosting related issue with our website.

So what happened exactly? Basically, our website went down for almost 2 entire days and it was not immediately obvious that anything was broken. It’s one thing to go down with a nice maintenance message, but our online store basically crashed with cryptic error messages that only surfaced while the customer was checking out.

Photo By Florian

When considering whether or not you need to make the transition to dedicated hosting, you really need to consider a variety of …

This is a guest post from David Ning, who runs a well established personal finance blog aimed at helping people spend responsibly, invest intelligently and live happily.

In fact, David’s blog at www.MoneyNing.com was one of the first blogs that inspired me to start a blog of my own. So it is a great honor today that I have him guest post for MyWifeQuitHerJob.com. Oh and did I mention he quit his day job?

Giving It All Up
A few months ago, I decided what people would consider crazy. I gave up over $100k in salary a year to make 30% in business income. If you didn’t think I was insane yet, please consider that:

I got married less than a year ago
My wife and I want to buy a house within 2 years in Southern California (where home prices are still outrageously expensive)
We plan to have kids around the …

I received a surprisingly large number of emails after writing my last article entitled Housing Has Dropped And Rates Are Low – Should I Buy A House? so I thought I’d devote a blog post to addressing some of these mails.

I was kind of shocked because the majority of emails that I received were in favor of purchasing a house right now despite the mathematical analysis that I performed in my last article.

So I went ahead and picked some of the strongest arguments from these emails to address below. Most of these points may be valid for some people but I don’t feel that they apply to me directly. In any case, here are some of the arguments in favor of purchasing a house right now and why I personally disagree.
Argument 1:Interests Rates Are Low And They’ll Never Be This Low Again
One of my readers strongly urged me …

Home prices have dropped 10-20%. Interest rates are at historic lows. So does it make financial sense to buy a house right now? I’ve been asking myself this question for the past few months but can’t seem to find a compelling reason to do so. The numbers just don’t quite stack up.

Since I have a child and a business, my parents are also pushing me to buy a house. Even my accountant is advising me to purchase a home in order to provide a tax shelter. Do I listen to my parents and my accountant? Is it worth sitting down and running the numbers? In general, I don’t take anyone’s advice blindly unless I have a chance to do my own math. Here’s why I’m holding off on buying a house and a breakdown of my analysis.

Calculating The Monthly Mortgage Payment

Photo By Fotographix

The …

Lately, I’ve seen a ton of bad press about various retailers using sleazy sales tactics to boost profits. Because of the recession, businesses are under so much pressure to make a profit that they are resorting to deception and underhanded methods to make a sale. For example, I was completely shocked last week when I read that a very large and well known electronics retailer was accused of purposely denying price match requests and refusing to sell computers without service contracts.

The other day my wife and I were shopping for cell phones only to be bombarded by hidden fees tacked on at the register. While the display price for the phone we wanted to purchase was extremely attractive, it apparently didn’t include a bunch of extra costs that really pissed me off.

Photo By Bonked Producer

What annoyed me wasn’t the money per se, but how the fees were …