Quotes of the Day

Effective words and phrases to use in your classified ads include: free, new, amazing, now, how to, easy, discover, method, plan, reveals, show, simple, startling, advanced, improved, and you. [2005] - Robert W. Bly

A special commendation should go to the small cities and towns that are actively promoting themselves to the world. These include towns such as Barrie, Orillia, Hamilton and the Tri-Cities areas of Ontario; Fort Saskatchewan, Grand Prairie, Red Deer and Devon in Alberta; and Abbotsford, Cranbrook and Fort St. John in British Columbia. Although these may or may not be great places in which to invest, these towns have decided that their future is in their hands and they are promoting the influx of investment to their towns. [2009] - Don R. Campbell

Retirees should ignore their portfolio’s value and all forecasts. Instead, they should stick to an inflation-adjusted 4 percent withdrawal plan. Even if they retire on the eve of a market crash, their money should still last at least thirty years (especially if they don’t give themselves an inflation-adjusted “raise” during years when stocks decline). [2022] - Andrew Hallam

The 70% rule states that the most a flipper should pay for a property is 70% of the after repair value (ARV, what the house is worth after it has been fixed up) less rehab costs. So, a house that has an ARV of $150,000 and needs $30,000 worth of rehab could be bought for $75,000, because $150,000 x .7 = $105,000 and $105,000 - $30,000 = $75,000. How can I do this? It may require direct mail, Craigslist, driving for dollars and it's going to take some hustle. Most lenders are unwilling to loan money on a fixer-upper and you'll probably have to look at options such as hard money, private money, cash, home equity, and other strategies. [2015] - Brandon Turner

A regular, reliable source of vitamin B12 is critical for anyone eating a plant-based diet. For adults under age 65, the easiest way to get B12 is to take at least one 2,500 mcg supplement each week. If you'd rather get into the habit of taking it daily, the once-a-day dosing is 250 mcg. Note that these doses are specific to cyanocobalamin, the preferred supplement form of vitamin B12, as there is insufficient evidence to support the efficacy of the other forms, like methylcobalamin. For those over 65 who eat plant-based diets, the supplementation should probably be increased up to 1,000 mcg of cyanocobalamin each day. [2015] - Michael Greger