Quotes of the Day

There are four quadrants to a successful life: 1) Having enough money 2) Maintaining strong relationships (with yourself and with others) 3) Maximizing your physical and mental health 4) Living with a sense of purpose [2022] - Andrew Hallam

You generally need life insurance only when other people depend on your income. The following folks don't need life insurance to protect their incomes: 1) Single people with no children; 2) Working couples who could maintain a lifestyle acceptable to them on one of their incomes; 3) Independently wealthy people wo don't need to work; 4) Retired people who are living off their retirement nest egg; 5) Minor children (because you're not financially dependent upon them). [2019] - Eric Tyson

A HELOC (home equity line of credit) allows a homeowner with significant equity access to that dormant equity. The homeowner can do what they want with the money. The most financially literate and sophisticated people have always borrowed against home equity to invest. [2017] - Calum Ross

LOCs usually come with variable interest rates that can go up or down with the general level of interest rates in the economy. The bank can increase your interest rate at its discretion, something that 85 percent of HELOC holders do not realize, according to a recent FCAC survey. Lenders can also lower your credit limit or ask that you repay your balance at any time, although they have to give you advance notice of any changes to your credit agreement. [2021] - Erica Alini

The popularity of location-based mobile dating apps--technology that allows you to find and meet matches nearby--is growing rapidly: MeetMoi is a social introduction app that auto-intros you to new matches while you go about your day. MeetMoi sees the most user activity on Wednesdays from six to seven P.M. eastern. Badoo is a social network centered around meeting new people rather than connecting with acquaintances. [2013] - Laurie Davis