Quotes of the Day

In the last few years, it's become increasingly common for ETFs to use indexes created by lesser-known firms, because the big guys like S&P charge high licensing fees. It's a bit like the decision to use generic prescription drugs instead of brand drugs. [2021] - Dan Bortolotti

The 5% Rule - Annual Cash Flow = Annual Rent – (Annual Mortgage Payments + Property Taxes + Insurance + Other Fixed Expenses). Minimum Cash Flow (%) = (Annual Cash Flow ÷ Down Payment) × 100 Benchmarks: 5–6% = Moderate Risk, 7–9% = Moderate-to-Low Risk, 10%+ = Low Risk. Adjust until it either passes or proves it’s not a good deal: 1) Put more money down but keep in mind this will also reduce your return on investment (ROI); 2) Stretch the amortization (a longer amortization period such as 30 years vs. 25 lowers your monthly mortgage payment); 3) Negotiate a better price; 4) Increase the rent (if realistic) [2025] - Wayne Hillier

You simply have to find a way to leverage your expertise and creativity--create systems that let others (your employees or coventurers) apply your expertise and creativity. [2005] - Robert T. Kiyosaki

Consider giving your assistant a "powerful title" such as Marketing Coordinator or Customer Care Representative or Personal Administrator. [2003] - Darryl Davis

The number of listings of properties for sale tends to peak in comparison to sales volumes during the end of the slump phase as the supply of property exceeds demand. It reaches a statistical through during the boom when properties are selling rapidly. In the GTA's case, listings have not followed this typical pattern; in fact, they have moved the opposite way during the slump phase, due mainly to the strong demand brought on by the market influencers. It is important to note that, before a true sustained recovery begins, it is likely that listings will begin an upward trend. [2011] - Don R. Campbell