Quotes of the Day

As of January 1, 2021, the maximum OAS pension for an individual who started payments at age 65 is $615.37 a month. One needs to have been resident in Canada for 40 years after age 18 to receive the maximum, otherwise the pension is pro-rated. OAS pension rises quarterly in step with increases in the Consumer Price Index. If you were 65 in 2021 and had income over $79,845 in that year, you would have to pay back some of the OAS pension you were receiving. OAS income is essentially "clawed back" at the rate of 15% of your income that is in excess of $79,845. You would receive no benefit at all from OAS pensions if your earnings were over $129,000 in 2021. [2021] - Frederick Vettese

As one grows older, the pool of eligible and available men and women becomes smaller. The decision to marry is often influenced by the fear of being single and alone and the need to form a secure attachment. A person may feel pressure to marry and may settle for someone who might be a marital risk. Some people at this stage may marry realizing there is a tradeoff and enter into their marriage aware of and prepared for some of the conflicts and pitfalls ahead. [2011] - Isabelle Fox

The true definition of insomnia consists of two components: 1. A person is not sleeping when she wants to sleep (Sleep-onset insomnia is when an individual struggles to fall asleep. In sleep-maintenance insomnia, sleep may initially come quickly, but prolonged awakenings punctuate the night. Anyone whose sleep is inefficient--meaning the time he sleeps divided by the time he is in bed is a low number, say less than 75-80%--has insomnia). 2. The person cares, and usually cares a lot, about not sleeping, whether or not she wants to admit it. [2017] - W. Chris Winter

The 50% Rule: A rental property's expenses tend to be about 50% of the income, not including the mortgage principal and interest (P&I) payment. The formula looks like this: Cash Flow = (Total Income x .5) - Mortgage P&I [2015] - Brandon Turner

You must learn to handle financial pressure. Take 10 percent of all you earn up front and give it away. After you give away 10 percent of your income, take another 10 percent to reduce your debts and a third 10 percent to build up capital to invest. You need to live on 70 percent of what you have. [1989] - Anthony Robbins