Quotes of the Day

If you have been to any real estate seminars, I am sure you have been advised to place all the properties you acquire under a corporation to help minimize the taxes you pay and to limit your legal liability. Be sure to consult both your accountant and attorney prior to going through the process of setting up a formal company. [2014] - Michael Munsey

People are not successful financially mainly because they cannot sell. [2000] - Robert T. Kiyosaki

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

The average real return for US stocks over the two hundred year period ending in 2001 was 6.7% a year. For Canadian stocks, the average real return from 1924 to 2019 has been 6.6% (the lowest real return on Canadian stocks over any 30-year period since 1924 was 3.6% a year and that happened from 1965 to 1994). Stocks have done well pretty much everywhere, at least in developed countries (with the possible exception of Japan). From 1924 to 2019, the average compound return on bonds in real terms has been 3.1%. It's a near-certainty that bonds will not produce anywhere close to a 3% real return over the next 30 years. [2021] - Frederick Vettese

Flaxseed is a safe, low-cost source of nutrition and may reduce tumor-proliferation rates. Make sure to grind the flaxseeds first if you don't buy them preground--otherwise, the seeds may pass right through your body undigested. [2015] - Michael Greger