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Phil Cook Quotes
«[You also should make a list of where each document is kept and ensure that your family members know where it is.] Usually, one person in the family unit is the organized person, the go-to person, ... If that person passes away, it can be tough for the others.»
«Reach out to other people who are affected in a less personal way, both professionals and good friends, ... They can help you sort out your thoughts. Try to avoid irreversible decisions, such as selling your house, quitting your job, or selling off large portions of investments.»
«[1.) Ensure you can afford to repay the debt. That means keeping some emergency money liquid.] I think living without any debt whatsoever is neither wise, nor practical, ... But if you're going to take out a loan, you must have emergency cash reserves.»
«I think a realistic approach is 10.5 percent to 11 percent, ... That's the long-term average.»
«From this day forward, do not charge anything on the credit card that cannot be paid off at the end of the month.»
«Mr. Vogel seems rather cavalier when it comes to issues his heirs will face should he die unexpectedly, ... Aren't these the very people he cares the most about?»
«I don't think it prudent to completely stop working with this kind of nest egg and feel comfortable that, no matter what happens to the market, my health or the economy, I've got enough to live on for the next 20 years,»
«If you add this chemical to that chemical, you will get this result.»
«[With school and a tight budget in mind, her approach to money] will be her biggest obstacle, ... She really needs to ignore to the extent possible the perceived money everyone around her is making.»
«If you just keep going up, you lose your perspective. It just helps remind people. It gets their head straight.»