Quotes of the Day

White socks are out; your socks should be the same color as your shoes or pants. If during warm weather you are wearing deck shoes or sandals, ditch the socks altogether (whether you are wearing pants or shorts). The same goes for undershirts - white is not fashionable. Buy several t-shirts of different colors to match your outerwear. [2012] - Christopher Gray

Attend business opportunity conventions or trade expos in your area to see what franchises or business systems are available. [1999] - Robert T. Kiyosaki

The exit strategy should be based on the same market conditions that determined the conditions to identify the trade entry in the first place. If the dual time frame momentum position was a key factor to enter a trade in the direction of the larger time frame trend, a dual time frame momentum position should be a key factor in the exit strategy. [2009] - Robert C. Miner

Choose the right insurance: For homes that will need some fixing up, you may be limited to an actual cash value (ACV) policy. That means the insurance company will give you only enough insurance to cover what you paid for the property, minus the value of the land it sits on. On the other hand, a replacement cost policy is the preferred option if you can get it. The coverage is better, and it will pay for the full cost of a covered loss (minus your deductible) or even to fully rebuild the house, if necessary. To qualify, the property must be in good condition, with the roof and paint in good shape. With most policies, if you are more than 20% under market costs, you will be subject to a coinsurance penalty. Make sure your policy includes outbuildings (garage, shop, etc.) and you have liability coverage on the home (common limits are $300,000, $500,000 and $1,000,000). I recommend requiring your renters to carry their own renter's insurance as well. [2015] - Brandon Turner

Many business owners start a business because they think the business is a good idea, but they have no plan on how to get out of the business. [2000] - Robert T. Kiyosaki