Quotes of the Day

Multiple Offer Strategy - You will create two clear and distinct offers, for example: one that focuses on a higher price with a longer closing date, and a second one that focuses on a shorter timeline, yet with a lower price. Another example would be: one offer at a lower price and no vendor take back (VTB) mortgage and another at a higher price with a VTB. [2009] - Don R. Campbell

Each month, the reverse mortgage lender sends you a check that you can spend on food, clothing, travel, or whatever you want. The money you receive each month is really a loan from the bank against the value of your home, which makes the monthly check free from taxation. The main drawback of a reverse mortgage is that it can diminish the estate that you may want to pass on to your heirs or use for some other purpose. Also, some loans require repayment within a certain number of years. The fees and the effective interest rate you're charged to borrow the money can be quite high. You have other alternatives to tapping the equity in your home. Simply selling your home and buying a less expensive property (or renting) is one option. [2019] - Eric Tyson

Most businesses must use the accrual method of accounting. Income is reported when "earned" (rather than received), and expenses are deducted as they're "incurred" (rather than actually paid). [2020] - Evelyn Jacks

You can use debt capital pulled from your own home (or maybe an existing rental property) to fund the down payment for a rental property. You can do a leveraged loan against a stock portfolio as well, but it's not as simple as with real estate. Leveraged loans against marketable real estate are among the easiest to qualify for, have the lowest interest rates and have the most options available. Eighty percent LTV (loan-to-value) loans are the norm in real estate today. I doubt you will be able to find another asset class in which you can borrow such a high percentage of the total value and still get such preferential rates and conditions. [2017] - Calum Ross

This concept of sleep pressure, our need or desire for sleep, is key to many of our sleep tactics. One of the primary techniques that doctors use to treat patients with insomnia is actually sleep restriction, limiting the hours when they're "allowed" to sleep to six, or less. This basically makes them tired enough that they fall asleep more easily at the end of the day, and (hopefully) their normal sleep cycle is restored. Another way to help cultivate sleep pressure is via exercise, particularly sustained endurance exercise (e.g., zone 2), ideally not within 2 or 3 hours of bedtime. Even better is exercise that entails some exposure to sunlight (i.e., outdoors). [2023] - Peter Attia