Quotes of the Day

You’ll find pockets of Mexico like the Lake Chapala area or San Miguel de Allende, and in the Canal Zone of Panama City, where locals, thanks to their long-standing interaction with the many English-speaking residents, commonly speak English. [2014] - Dan Prescher

We saved money until we had over a year's expenses in cash. Instead of holding cash in a retail bank, we hold it in gold and silver ETFs (exchange-traded funds). [2008] - Robert T. Kiyosaki

Making a mortgage payment is more or less the same as putting money into your RRSP. In both cases, you're building up the value of an asset and improving your financial security later in life. The combination of mortgage payments (or rent) and retirement savings plus extraordinary, short-term, necessary expenses (like daycare) should equal 30% of your gross pay until you get into your mid-50s. After that, you should be using something like PERC (perc.ecm.lifeworks.com) to provide ongoing guidance as to how much you should be saving. [2021] - Frederick Vettese

I like to trade on the largest, most popular exchanges because they have greater liquidity. More liquid markets tend to have much tighter spreads, which greatly reduces your overall costs of trading. Founded in China, Binance (www.binance.com) is the largest cryptocurrency exchange in the world and allows you to trade a vast array of cryptocurrencies. It now has a base in Europe too. It charges relatively low fees compared to some of the other popular exchanges. Liquidity is high for the most popular cryptos, so spreads are relatively narrow. [2019] - Glen Goodman

96 percent of all businesses fail within 10 years, with 80 percent failing within the first two years. The top reasons for failure include bad customer relations, bad budgeting, lack of staff training, failure to anticipate market trends, and poor and inconsistent marketing. [2007] - Chet Holmes