Quotes of the Day

The most obvious sign of oversupply can be detected by looking at the overall numbers of rental units in any given condominium complex. More than 30 percent of the units rented out or put up for sale is a fair warning to buyers of an oversupply of units. Conversely, if real estate agents are flooded with listings and many For Sale signs appear on front lawns, there is oversupply. It's a buyers' market. [2013] - Dan S. Barnabic

Sam Dogen, the man behind the popular blog Financial Samurai, says nobody should buy a car that costs more than 10 percent of their gross annual income. I bought my current car five years ago for $4,500. If I spent $50,000 on a car, it might annoy me if an errant shopping cart rolled into its door. My lower-priced car also makes it easier to relax when I’m driving in tight traffic. And I don’t have to worry about wrecking expensive wheels if I get too close to the curb while parallel parking. I’m not saying everyone should follow my lead, or Sam Dogen’s. But by worrying less, I live well. [2022] - Andrew Hallam

When you dare to try, you practice. And through practice, you develop ability. [2001] - Dolf de Roos

Simple routine changes, such as music therapy (listening to relaxing classical music for twenty minutes before bed) or engaging in muscle relaxation (breathing exercises) that you can practice in the privacy of your home have been shown to improve the quality of sleep in individuals experiencing extreme manifestations of stress such as post-traumatic stress disorder. And then there is always the power of exercise to reduce stress, improve the quality of your sleep, and help you lose weight. [2017] - Jonathan Aviv

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