Quotes of the Day

The answer to the question of whether to contribute to our RRSP or pay down a mortgage does not have to be either/or. While the math shows a considerable interest savings by applying money to your mortgage principal, the growth of an RRSP contribution is also impressive. So here's a sensible compromise. Make the maximum RRSP contribution you can afford from your cash flow and then use the proceeds from your tax refund or the savings in taxes you achieved by filling a Form T1213 to pay down your mortgage. [2013] - Gail Vaz-Oxlade

Nine out of ten companies fail in five years. Of those that survive the first five years, nine out of every ten of those eventually fail, as well. [1998] - Robert T. Kiyosaki

Waist-to-Height Ratio, or WHtR, is a better tool than BMI that we can use to gauge the health risks of body fat. Stand up straight and take a deep breath, exhale, and let it all hang out. The circumference of your belly (halfway between the top of your hip bones and the bottom of your rib cage) should be half your height--ideally, less. If that measurement is more than half your height, it's time to start eating healthier and exercising more regardless of your weight. [2015] - Michael Greger

If you convert to a RRIF, you have to manage your own portfolio of investments. If you're sick and tired of thinking about money and all you want is a regular stream of income you don't have to worry about, then you may want to buy an annuity. The really big thing to know about an annuity is that the payout is based on where interest rates are where you purchase the annuity. During periods of high interest rates an annuity can really make your hard-earned money sing since you're locking in that high rate for the life of the plan. When rates are low, not so much. [2013] - Gail Vaz-Oxlade

Once you're ready to meet up with a match, some prefer to talk on the phone first to get to know each other voice-to-voice, while others skip straight to a date. Singles in less populated areas typically prefer a phone call, but if you're an urbanite, definitely skip dialing your date and meet right away. [2013] - Laurie Davis