Quotations
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Phil Cook Quotes
«I'm not saying this is good, but it is more accurate and provides a clearer picture of what's going on.»
Author: Phil Cook
«The end of the year is always a good time to decide on what you've learned and play that knowledge going forward.»
Author: Phil Cook
«I think that strategy is generally incorrect, ... In some cases, depending on your age and what you're earning on your assets, it's OK to spend some principal.»
Author: Phil Cook
«I see lots of emotion in her financial decisions, ... This will hurt her in the long run.»
Author: Phil Cook
«Unless she commits herself to living like a monk, it is not likely she will be able to achieve all of her goals in the next few years.»
Author: Phil Cook
«The most important resolution people can make is one to create and stick to a sound budget.»
Author: Phil Cook
«Create a net worth statement - add up all your assets, then see how close you are to where you want to be when you're 65.»
Author: Phil Cook
«The debt-free mentality is largely the product of emotion - how nice it would be to never make a mortgage payment again. Good debt gives you some leverage that helps you increase your net worth.»
Author: Phil Cook
«That doesn't factor in mortgage costs, but they wouldn't reduce those returns dramatically either, ... Of course, when prices are falling, leveraging can work in reverse. But that's infrequent with real estate. As long as you can service the debt, I think you're better off with the mortgage.»
Author: Phil Cook
«You are to be commended for aggressively putting money into your 401(k) accounts, ... Do not stop doing this.»
Author: Phil Cook