Mark Bouris Quotes
100 Mark Bouris Quotes
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There are two great dreams for most Australians: owning their own home and having a comfortable retirement… It’s what keeps them working.
Mark Bouris
[On money] In the case of retirement, you need a supply that lasts for the rest of your life.
Mark Bouris
Australians love their homes.
Mark Bouris
[On Australian’s and houses] We’re good at home ownership: we not only have one of the highest rates of home ownership in the world, but we also have among the lowest rates of mortgage default.
Mark Bouris
[In 2008] At the moment, there are five people of working age to support every person aged over 65. By 2047 there will be only 2.4 people of working age to support every person over 65.
Mark Bouris
The challenges are clear: people haven’t saved enough for retirement and the problem will only get bigger as the baby boomers retire.
Mark Bouris
[In 2008] Australians are not saving enough for retirement.
Mark Bouris
[On property] I’d been buying since my twenties.
Mark Bouris
I thought that investing in the stock market was about hearing a hot tip and punting on it.
Mark Bouris
I thought the stock markets were – sort of like the horses or betting on footy games.
Mark Bouris
There are people who’ve concentrated so hard on the money that they’ve totally forgotten about their physical, mental and spiritual wellbeing. They’re rich but they’re not wealthy.
Mark Bouris
I don’t want to tell anyone that they can get rich quick – they can’t.
Mark Bouris
No-one but you can decide what the priorities are going to be for your own life.
Mark Bouris
No single plan or outlook fits all circumstances and personalities.
Mark Bouris
If you take two women, both 40 and earning the same money and living in the same city, you’re going to find an entirely different outlook for the one who’s on her second marriage and contemplating having more kids from the one who’s single and has not kids and no house to worry about.
Mark Bouris
The 50 year old man starting a new family with a new wife – and with grown-up kids already living away from home – is thinking about things very differently to the man who’s entirely focused on an early retirement.
Mark Bouris
Most Australian’s don’t think about a future when they won’t be working… at least, not in the way we should.
Mark Bouris
Simply buying a house and paying it off is not really a strategy. In truth, it’s not really investing either.
Mark Bouris
More common than hoarding or speculation is what so many Australians do: nothing. The strategy is to just sit and hope that the government will pay the pension, or hope that the 9 percent Superannuation Guarantee will be enough to retire on.
Mark Bouris
Anything with hope at its heart cannot be considered a strategy.
Mark Bouris
You don’t need to be a genius to see that with an ageing population there are increasingly fewer working age people who are paying taxes to fund a full age pension. Not that the pension is enough to live on…
Mark Bouris
To fund a broad-based age pension in an era when half of the population is over 50 will require either an increase in income tax or an increase in GST.
Mark Bouris
[On superannuation] The retiree is now an investor. The investor is responsible for all the risks.
Mark Bouris
Defined-benefit schemes are the dinosaurs of our new, deregulated economy.
Mark Bouris
The real problem is… so many people have been trained to see property as a short-term investment.
Mark Bouris
People really need to have their minds in the right place when they buy property.
Mark Bouris
[On investing in property] Imagine if you bought just before a period of stagnation or decline, and you were thinking short term. You’d sell. You’d miss the rebound to the peak. And you’d lose money and would probably not go into property again.
Mark Bouris
All mortgage lenders have factored at least three, and perhaps four, rate rises into your variable rate mortgage before they agree to provide the loan.
Mark Bouris
The swings and roundabouts theory works very well on the property market: if you sit and wait for interest rates to go down, you’ll find that property prices start picking up; if you wait for property prices to flatten out, you’ll be in the middle of an interest rate rise. My rule for this is simple: no-one outsmarts the market, so don’t try!
Mark Bouris
Selling in a falling market is the worst time to sell…
Mark Bouris
Demographics dictates all markets… Humans need food, shelter and water. The more people, the greater the demand for that finite resource of dwellings.
Mark Bouris
If exercising on a regular basis is so good for us, why are we so bad at it?
Mark Bouris
Goals, strategy and discipline…
Mark Bouris
It’s never too late to start.
Mark Bouris
Understand your personal retirement strategy and take charge of it. No-one else will.
Mark Bouris
[In his role being in a rarefied atmosphere prior to starting The Apprentice in Australia] I wouldn’t employ anybody or fire anybody. As a result of that you lose touch - with people. Particularly young people.
Mark Bouris
[On The Apprentice Australia] It was a social experience.
Mark Bouris
[On the Dalai Llama’s advice] It is just good practical advice.
Mark Bouris
I’m not really a sort of a golfer or any of those sort of things.
Mark Bouris
[On what he likes to do for fun] I like going to the footy.
Mark Bouris
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