Explore popular quotes and sayings by an American author Ric Edelman.
Last updated on December 22, 2024.
Fredric Mark "Ric" Edelman is an American investor and author. He is the founder of Edelman Financial Services, the author of several personal finance books, and the host of a weekly personal finance talk radio show called The Ric Edelman Show. Edelman was also the host of the public television show The Truth About Money with Ric Edelman.
Poor is a state of mind. Broke is a state of wallet. You can fix being broke; it's not so easy to fix being poor.
Hope is not a financial plan.
I think that the consumer is generally unaware of certain material facts, particularly the tax risk and compensation issues.
The people who are taking these loans because it's the only way they can afford their house are exposing themselves to a lot of risk. They're not saving money and they're not building equity, which means they could find themselves in a scenario where they owe more money than their house is worth.