Quotes of the Day

The secret to building an excellent sales force (or team of any kind) is in repeating core training on basic sales skills again and again. [2007] - Chet Holmes

Pension credit (federally) is applied to your first $2,000 of eligible income. Payments must be on a scheduled, periodic basis. For example, a monthly, quarterly or annual payment from a RRIF would be eligible for the pension credit, but lump-sum withdrawals from an RRSP would not. Non-registered investment income (with the exception of the taxable portion of non-registered annuities) or rental income are also ineligible. The pension credit is applicable to federal tax. When provincial tax credits are also factored in, this is worth approximately $320 to $580 in terms of taxes that you don't have to pay, depending on your province of residence. [2019] - Daryl Diamond

The first person you hire should always be an administrative assistant. Second, you need to hire talent. If you find yourself still micromanaging a staff member three to six months into his employment, he may not be talented and may not be motivated to reach his goals (your goals) on his own. [2004] - Gary Keller

Many investment firms and insurance companies offer something known as target data funds, or TDFs for short. These funds start with a heavy weighting in equities and then slowly increase the weighting in bonds over a period of many years. For instance, a TDF based on retirement in 2055 might have an 85-15 asset mix today. As you get closer to 2055, that mix will slowly change to something like 50-50. The main disadvantage is that TDFs tend to be more expensive than if you try to manage the asset mix yourself using low-cost ETFs. The other disadvantage is that you might think the asset mix in a particular TDF is too conservative. [2021] - Frederick Vettese

All human problems fall into one of three areas: health, wealth, and relationships. [2005] - Neil Strauss