Quotes of the Day

In some cases, capital gains taxes can be avoided when assets are disposed of. The Capital Gains Exception (CGE) exempts just under $900,000 when qualifying small business corporations are disposed of. On the tax return, 50% of the CGE will be claimed, and this is known as the capital gains deduction. You do have some control over when you sell or otherwise dispose of an asset. Therefore, you have the potential to reduce the marginal tax rate on your investments through purposeful time. E.g. you could reduce your tax burden by disposing of the asset over 2 tax years (half in December, half in January) or by offsetting capital gains in the year with allowable capital losses. [2020] - Evelyn Jacks

Each of us is born with a life purpose. Identifying, acknowledging, and honoring this purpose is perhaps the most important action successful people take. To be "on purpose" means you're doing what you love to do, doing what you're good at and accomplishing what's important to you. [2005] - Jack Canfield

If you are your own boss, there are usually three tasks or activities that account for 90 percent or more of the value that you contribute to your work or business. Spend more time, and become more skilled, at those few activities that contribute the greatest value to your work. [2004] - Brian Tracy

Supplement food with fermented cod-liver oil to heal cavities. Choose only wild-caught fish. Eat a variety of organ meats. Eat unpasteurized ghee or butter from grass-fed cows, or take vitamin K2 supplements. Coenzyme Q10 in ubiquinol form is a potent antioxidant that repairs gum tissue and bone matrix. It may also increase saliva production. [2013] - Nadine Artemis

The general path to FIRE is to save 50 to 70 percent of your income, invest those savings in low-fee stock index funds, and retire in roughly ten years. Common FIRE practices include living with roommates or moving to a cheaper area, cooking all meals at home, buying used cars with cash, going to a one- or zero-car household, buying groceries in bulk, embracing budget or "hacked" travel, and giving up luxury purchases. More extreme FIRE practitioners might live out of an RV or trailer home, grow their own food, bike to work in subzero temperatures, or even leave the country in search of a lower-cost lifestyle. [2019] - Scott Rieckens