Quotes of the Day

The general path to FIRE is to save 50 to 70 percent of your income, invest those savings in low-fee stock index funds, and retire in roughly ten years. Common FIRE practices include living with roommates or moving to a cheaper area, cooking all meals at home, buying used cars with cash, going to a one- or zero-car household, buying groceries in bulk, embracing budget or "hacked" travel, and giving up luxury purchases. More extreme FIRE practitioners might live out of an RV or trailer home, grow their own food, bike to work in subzero temperatures, or even leave the country in search of a lower-cost lifestyle. [2019] - Scott Rieckens

There are sophisticated investor who never buy or sell stocks. They trade only in options. They can make much more money with less money investing in options, in less time. [2002] - Robert T. Kiyosaki

Interest earned on bank deposits, GICs, bonds, and other 'fixed income' investments is taxable when earned, at your full marginal tax rate. The same goes for dividends received from non-Canadian stocks. Generally speaking, Canadian stock dividends are taxed less severely than interest income. Dividends are taxed when earned, even if you reinvest those dividends. Capital gains are generally taxable at just half your normal rate. Any capital gains tax is payable only when the investment is actually sold. An investment can increase in market value at a compound rate over time, increasing your wealth along the way, but you trigger no tax until you actually sell. [2018] - Larry Bates

As you focus on calming your breathing, your anxiety will quickly reduce and you will start to think clearly again. This is especially important if you feel a panic attack coming on. [2009] - Liz Miller

Managing properties yourself for a while is great training to understand the components that you will want to look for in a professional property management company. Typically, property managers charge anywhere from 4 percent to 15 percent of the rental income to manage your properties. [2001] - Dolf de Roos