Quotes of the Day

Far more transactions occur in the U.S. dollar than in any other currency (hence its status as the world’s reserve currency). The euro is the second most actively traded currency, although it is steadily closing the gap on the USD. [2010] - Ed Ponsi

When you invest in real estate, it's not a matter of "if" you get sued but "when." A good lawyer will help make sure your lease and other forms are legally binding, as well as guide you on (and prepare) the best legal entity for holding your properties. Having an attorney who either invests in real estate themselves or specializes in this kind of work is best. Attorney rates typically start at $200 per hour and can climb as high as $600 an hour, depending on experience and what they are doing for you. You will not likely be using your attorney for dozens of hours of work--usually just 15 minutes here, 30 minutes there, and so on. [2015] - Brandon Turner

I have expensive attorneys, accountants, real estate brokers and stockbrokers. If the people are professionals, their services should make you money. And the more money they make, the more money I make. When I interview any paid professional, I first find out how much property or stocks they personally own and what percentage they pay in taxes. [1998] - Robert T. Kiyosaki

You don't need a retirement income that is fully adjusted for inflation for 35 years. And in many cases, it's not beneficial to defer all of your registered accounts for as long as possible. And what about becoming more conservative with your investments as you get older? Perhaps this would be wise, but remember that you'll still continue to need some element of growth in your accounts. [2019] - Daryl Diamond

Commodities such as gold, oil, silver, and land provided real wealth in the Industrial Age. But in the Information Age, these commodities themselves do not make you rich. Rather, it is the information you have about those commodities. [2008] - Robert T. Kiyosaki