Quotes of the Day

Suggest that the product is already popular and being used by a great number of people. [2004] - Brian Tracy

You have to think like your prospective tenants, and their needs may be different from your needs. Some of their needs may be: Close to highways and public transportation (bus lines, subways, etc.); Close to retail and shopping; Close to large employment centers. [2017] - Bryan M. Chavis

Once the property fits the Cash Flow Zone, the next step is to determine the motivation of the vendor. Unmotivated vendors will waste a ton of your time. The best way to determine the vendor's motivation is to provide your realtor with a list of questions. 1. Why are you selling? 2. How long have you owned the property? 3. When do you have to move? The answers you get will reveal the vendor's motivation level and, as an added bonus, you'll discover whether the most critical motivating factor is time or money. You should also note that a vendor's motivation level often increases when the property has been listed for sale for some time. [2009] - Don R. Campbell

An Insurance Tax Shelter is a plan issued by a life insurance company that allows you to deposit any amount of money and shelter all of the growth of the investment from income tax. Each insurance company gives their plan its own unique name. The plans are flexible, allowing you to vary the amount of your deposits and choose the type of investments, from GICs to investment fund indexes, with no restriction on foreign content. You can make direct withdrawals, TAX-FREE from the tax-sheltered account, up to the adjusted cost base (ACB) of the plan without incurring any tax. Simply put, the ACB is equal to your deposit less the cost of insurance. Under a special arrangement, you can leverage your account with a bank. This is the real benefit of an Insurance Tax Shelter! The leveraging of your account is what allows the plan to outperform other investment vehicles, because a loan is never taxable! [2007] - David M. Voth

Anyone who plans to add money to the markets for at least the next five years should prefer falling prices. When people invest consistent sums every month (dollar cost averaging) they can stockpile assets when they’re cheap. Experiencing huge losses early in the investment journey would have looked scary. But it would ultimately have boosted the returns. By adding the same amount of money every month, the consistent monthly purchases would have bought a greater number of stock market units when prices were low and fewer stock market units when prices went up. As a result, you would have paid a lower-than-average price over time. [2022] - Andrew Hallam