Quotes of the Day

Once you or your tenant move into the property, have the property reappraised and have the bank give you a line of credit against the home. Get the maximum line possible and decide where you want to invest it, when you're ready. Once you have your next property, you can put the potential positive cash flow into a savings account where you save another down payment for your next property, or you can pay down your line of credit to reuse it. If you can naturally save money and don't need to tap into this line, then do not, as you are still paying interest on it when you do, but it does allow you growth options. Repeat, perhaps once a year or every two years, whatever your plan may be. [2021] - Shazia Virani

An enduring power of attorney gives the legal right to one or more designated persons to look after your financial and legal affairs if you lack the mental capacity to do so (due, for example, to a stroke or severe head injury). [2020] - Douglas Gray

TR or time restriction-also known as intermittent fasting-is the latest trend in ways to cut calories. But this can still backfire if you overeat. I have, much to my amusement, watched patients gain weight on a one-meal-a-day approach by turning their meal into a contest to see who could eat the most pizza and ice cream. But the more significant downside of this approach is that most people who try it end up very protein deficient. One not uncommon scenario that we see with TR is that a person loses weight on the scale, but their body composition alters for the worse: they lose lean mass (muscle) while their body fat stays the same or even increases. [2023] - Peter Attia

As important as personality characteristics may be to determine perfect matches, there is more to compatibility than personality. Couples also need to make sure they are in sync on important lifestyle choices. You could be just right for each other as personalities--and so wrong when it comes to your fundamental values, hopes, and dreams. It is extremely important to be able to talk about what your expectations and feelings are in these five areas: money, sex, children, core values, and social life. [2006] - Pepper Schwartz

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