Quotes of the Day

Resilient channels and Roxul insulation can help dramatically cut down on ambient noise, but they don't come cheap. Twenty dollars' worth of door sweeps and form tape, though, will go a long way toward reducing it Install on the interior doors separating the basement and upstairs. These alone won't cut all the noise, but you'll be less likely to hear others' conversations and be able to enjoy some well-deserved peace and quiet. [2017] - Sean Cooper

The interest paid on money borrowed to in TFSAs, RRSPs, RDSPs and RESPs will not be deductible. Opening a home-based business and claiming home office expenses will make your mortgage interest costs partially deductible, or you can borrow against the equity in the home, place investments in non-registered accounts and then write off the interest on the loan. Discuss these options with your tax advisor. [2020] - Evelyn Jacks

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

A passive income of more than $100,000 a year is nice and not hard to achieve. Depending on the market and how smart you are, it could be done in five to ten years. [1998] - Robert T. Kiyosaki

If you are going to use a property manager, just remember this: most of them suck. You need to find the one that doesn't. Treat it like a job interview. Get referrals and actually talk with those referrals. Ask the property manager hard questions in an interview. Don't settle for mediocre. [2015] - Brandon Turner