Quotes of the Day

The best way to buy your first investment is to see exactly how much you can afford, and if possible, pick a great location from there. Location is key so if you are able to get into the best location you can afford and sacrifice a little space I would encourage you to do so. I always suggest starting with a 20% down payment. This way you don't pay the Canada Mortgage and Housing Corporation (CMHC) fees and it's a substantial amount you're putting down which will reduce your mortgage payments. [2021] - Shazia Virani

My best trading comes when I have only two or three positions, as I can concentrate better on them. [2003] - Marcel Link

According to the FIRE formula, once you have saved twenty-five times your annual expenses, you are ready to retire. Let's say you spend $50,000 a year. That means you need to save and invest $1.25 million to retire. You can safely expect a 5 percent return on your investments, which for $1.25 million would be $62,500 a year. However, each year, if you only withdraw 4 percent of the income your investments earn (or $50,000), this means you always have a buffer to make up for inflation and dips in the market. [2019] - Scott Rieckens

Generally we find FSBO (for sale by owner) homes are overpriced and the owners not that motivated to sell, but every once in awhile you can find a great deal. [2013] - Julie Broad

As entrepreneurs we raise capital from three groups of people. They are your customers, investors, and employees. If you have employees, your job is to get them to produce and make at least ten times more money than you pay them. [2008] - Robert T. Kiyosaki