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Charles Duhigg Quotes


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Quotes by Charles Duhigg

Showing 121-130 of 147 Quotes by Charles Duhigg

Because reverse mortgages do not require borrowers to make immediate repayments, the interest charges are added to the debt every day, and the total amount owed grows over time.

~Charles Duhigg

Topics: Added Amount Because Charges Day Debt Every Every Day Grows Immediate Interest Make Mortgages Over Owed Require Reverse Time Total

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Lawsuits against reverse mortgage companies, including the nation's largest, Financial Freedom Senior Funding, contend that those firms helped pressure older Americans into bad investments.

~Charles Duhigg

Topics: Against American Bad Companies Contend Financial Freedom Funding Helped Including Investments Largest Lawsuits Mortgage Nation Older Pressure Reverse Senior Those

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Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home for a number of years.

~Charles Duhigg

Topics: Associated Because Expect Fees High Home Live Loans Make Mortgage Number Only Reverse Sense Who Years

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Some financial advisers say anyone who may move in less than seven years should not take out a reverse mortgage.

~Charles Duhigg

Topics: Adviser Anyone Financial Less May Mortgage Move Out Reverse Say Seven Should Some Take Than Who Years

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It is almost always a bad idea to use a reverse mortgage to pay for a vacation or to buy a risky investment, like stocks or deferred annuities.

~Charles Duhigg

Topics: Almost Always Bad Bad Idea Buy Idea Investment Like Mortgage Pay Reverse Risky Stocks Use Vacation

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Cash from a reverse mortgage can be paid out in several ways, including a lump sum, a monthly payment, a line of credit, or a combination of those. If you do not need money right away, it is usually a bad idea to take all the money upfront, since it starts accumulating interest charges immediately.

~Charles Duhigg

Topics: Accumulate Away Bad Bad Idea Cash Charges Combination Credit Idea Immediately Including Interest Line Lump Money Monthly Mortgage Need Out Paid Payment Reverse Right Right Away Several Since Starts Sum Take Those Upfront Ways You

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When the vast baby-boom generation exploded into adolescence in the 1960s, marketers exulted. Advertising consultants, always eager to coin a phrase, began happily explaining to corporations the difference between 'teenyboppers' and 'counterculture consumers.'

~Charles Duhigg

Topics: Adolescence Advertising Always Began Between Coin Consultants Consumers Corporations Difference Eager Explaining Exploded Generation Happily Marketers Phrase Vast 1960S

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Older consumers don't want to be treated like teenagers; what's more, they don't want to believe they fall into any niche at all.

~Charles Duhigg

Topics: Any Believe Consumers Fall Like More Niche Older Teenagers Treated Want

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Everyone dies, and before that, most people eventually lose some of their faculties. So some people worry that as marketers get better at targeting the elderly, the line between advertising and unscrupulous manipulation will be harder to discern.

~Charles Duhigg

Topics: Advertising Before Better Between Dies Discern Elderly Eventually Everyone Faculties Get Harder Line Lose Manipulation Marketers Most People Some Some People Targeting Will Worry

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Teenagers ultimately don't mind belonging to a group, because there's always the opportunity to eventually become someone new. The elderly, by definition, are running out of opportunities for reinvention.

~Charles Duhigg

Topics: Always Because Become Belonging Definition Elderly Eventually Group Mind New Opportunities Opportunity Out Reinvention Running Someone Teenagers Ultimately

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Biography

Nationality: American

Type: Journalist

Born: Unknown

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