Quotes of the Day

The recovery is often the shortest phase of the real estate cycle. It is often the most difficult to identify. The strategic real estate investor's job at this point is to determine if positive economic growth signs are green shoots or just plain old weeds destined to wither and die before a true sustained recovery begins. Investors who "get the recovery right" can invest during the most opportune time in the cycle with the least amount of risk. [2011] - Don R. Campbell

Private investors who are buying less than 1,000 ounces of gold should steer clear of 100-ounce gold bars. Also avoid smaller bars, such as one-ounce (or smaller) bars produced by private mints or refiners. Lastly, never buy privately minted gold bullion rounds. [2009] - James DiGeorgia

Protect your company and employees from cheap customers-the customers who want more than they pay for, the customers who want something for nothing. I make it a point to fire cheap customers-politely and discreetly. [2005] - Robert T. Kiyosaki

During crypto hype, mining equipment such as ASICs becomes incredibly expensive. At the beginning of 2018, for example, they were priced at over $9,000 due to high demand. That’s why you must consider your return on investment before getting yourself involved in mining; sometimes simply buying cryptocurrencies makes more sense than mining them does. The cost of the electricity used by mining computers far exceeds the cost of heating or cooling the house. [2019] - Kiana Danial

Because I am not a fan of reverse mortgages, I'm going to suggest you investigate other options before you take this step. If you think you need to use the equity in your home to provide an income, do the math on selling your home and either downsizing or renting so that you free up some of your capital. If you are determined to use a reverse mortgage, make sure you understand the covenants, or legal promises, you are making. Are you promising to keep the property in good repair? What'll happen if you don't? And how will the lender monitor the condition of your property? [2013] - Gail Vaz-Oxlade