Quotes of the Day

Ditch the idea that you have to find a perfect investment market. It doesn't exist. It's not in Edmonton. It's not in Phoenix. Every single market has positive and negative aspects. Some are better poised for capital appreciation. Others are more stable. And still, some markets are declining. You can make money in all of these markets if you know what you're doing. So it's not necessarily about the market. It's more about matching your strategy with the market and the stage of the real estate cycle that market is in. [2013] - Julie Broad

Read, study, and memorize your product information. Find out what your competitors are selling, what they emphasize, and how much they charge. Become an expert in your market. [2004] - Brian Tracy

A prospective partner having a previous marriage raises serious questions that do not exist when both marital prospects have a "clean slate." Such concerns can include: 1) If there is a divorce (instead of a death), why did the divorce occur? Were there financial problems, addiction problems or sexual issues? 2) Did either of the spousal partners in the previous marriage have a commitment problem or was it a poor match? Logically, unless the divorced person has his or her own serious emotional problems, the odds of success should be better the second time around. [2011] - Isabelle Fox

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

To buy when everyone else is selling, and to bide your time when everyone else is buying. [2001] - Dolf de Roos