Ric Edelman Quotations

Left to their own devices, (investors) naturally choose safety and it's one of the worst decisions they can make,

Never again will you have 200-to-250 people giving you lump sums of money. Consider this a jumpstart on your future. It can help you buy a house sooner than you would have been able to or enable you to avoid the risks of incurring debt as you're starting out. This can give you a huge head start on your goal of building a strong financial foundation, which is the exact reason they gave it to you.

Never again will you have 200-to-250 people giving you lump sums of money, ... Consider this a jumpstart on your future. It can help you buy a house sooner than you would have been able to or enable you to avoid the risks of incurring debt as you're starting out. This can give you a huge head start on your goal of building a strong financial foundation, which is the exact reason they gave it to you.

You are gambling on tax advantages being present in 20 years when you are ready to withdraw from the contract and I'm not convinced that's going to be true, ... I think that the consumer is generally unaware of certain material facts, particularly the tax risk and compensation issues.

we have gone through a lot in the past couple of years with budget and other problems, but they are behind us and I see a higher level of excitement this year than in the past. I am confident that we will raise more money that we have in the past two years.

With that money sitting in your pocket, all of a sudden you're going to buy more expensive wines at dinner, take a carriage ride and ogle at some glorious thing in a window,

Even though they may work in college, they weren't making near the money they're making now. They've never seen this much money in their lives.

They've chased us out of the county. If they don't change this rule, consumers will not be able to get mortgages; people are going to lose their jobs. The county economic scenario will deteriorate rapidly if the real estate industry grinds to a halt over this poorly worded legislation.

Does it help to send people to drunk driving class after they're arrested for DWI?

Does it help to send people to drunk-driving class after they're arrested

These things can be helpful when people are there voluntarily. But if they're mandatory, they may consider it punitive something to get through and just put in the time.

If you're portfolio consists of nothing but tech stocks, you should seriously consider repositioning.

Hope is not a financial plan.

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.

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.

I think that the consumer is generally unaware of certain material facts, particularly the tax risk and compensation issues.