Posts Tagged ‘buying’

“As a general rule, buying makes you poorer, whereas selling makes you richer. If you want to develop a wealth-builder’s mindset, develop the habit of asking yourself every time you buy or sell anything: Is this making me richer or poorer?” -Mark Ford

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Rich House

Posted: November 20, 2016 in Mortgages
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“Buying a more expensive home every time you get a big raise is a great way to ensure that you will never get rich.  What you want to do is find the least expensive house you can love and keep.  The longer you keep it, the more income you will have to invest in the sorts of assets that will, eventually, make you rich.” -Mark Ford

Financial-research firm FactSet explains exactly what’s driving this market forward, despite all of the economic warning signs.  So far this year, 41 different companies have spent more than $1 billion buying back their own shares.  So far this year, U.S. corporations have spent a total of $166 billion on share buybacks.  That’s a 15% increase over last year… and sets a new record annual pace for share buybacks.” -Porter Stansberry

Double Trust

Posted: May 5, 2014 in Thought for the Day
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“Buying on trust is the way  to pay double.” -Unknown

Money You Don’t Have

Posted: January 9, 2014 in Money Matters
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“Buying things with money you don’t have makes you no better off than making things for people who can’t pay for them.” -Bill Bonner

Old Money

Posted: December 5, 2013 in Money Matters
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“Old money doesn’t show off by buying things. It prefers to keep a low profile… and a low cost of living.” –Bill Bonner

When making decisions about buying, renting, or leasing anything, always remember to include all of the costs involved. Then divide them by the number of years you expect to use the thing you are buying.  This will give you the real cost – the cost of possession.” -Mark Ford