Quotes of the Day

Because many people believe banks to be a safe harbor in the cutthroat world of commerce, their loan departments charge a premium. They rarely offer the lowest interest rates or fees; however, credit unions often prove the exception, especially for plain-vanilla products. [2003] - Gary W. Eldred

I believe it is an acceptable practice to profit a little on shipping. [2005] - Adam Ginsberg

Career wellbeing is one of the major differentiators that helps us live into our 90s. Men who lived to see 95 did not retire until they were 80 years old on average. [2010] - Tom Rath

ECB (and the BoE) has a 2% inflation threshold. If inflation is above 2%, they lean towards hawkishness, if it is below 2%, they lean towards neutral or dovishness. [2006] - Boris Schlossberg

There are good associations out there for landlords (tip: join one!). There are also great books out there for landlords such as "Landlording in Canada", but here are a few points to consider: 1) Good credit; 2) Job security (steady jobs); 3) References (from employers and past landlords); 4) Long-term timeline (less wear and tear). You'll want to find a tenant who takes care of your investment and keeps it in good condition for you (hopefully very clean as well). Follow your gut instincts when picking tenants. If you have any doubts at all, it's not worth the risk. Once you secure the right tenant you'll want to increase the rent yearly where allowed.  [2021] - Shazia Virani