Ric Edelman Quotes

• 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.

  Ric Edelman

  Mind, Easy, Poor

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• Hope is not a financial plan.

  Ric Edelman

  Financial, Plans

  "Financial Futures". Live chat, www.washingtonpost.com. March 24, 2008.

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• 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.

  Ric Edelman

  Mean, People, House

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

  Ric Edelman

  Thinking, Issues, Risk

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