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Letter "L" » Larry Thurmond Quotes


«It's the culture that we live in. Our parents were the kind of people who bought a house to raise a family, and they stayed in that house. By staying in that house, they built equity. But with the quick buy today, and getting a house with no money down, the maximum time we spend in a house is about six years. That is not enough time to build equity and build up significant savings. When you create equity, you create savings.»
«You need to start, you need to be consistent with it, and you need to let the compound interest work (in a mutual fund).»
«The great thing about mutual funds is that most of the time the money isn't invested in any one fund, so it's like the risk spreads.»

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