Maximize Money Quotes

In reality most human beings are not, to most human beings, more important than money.

Among other possibilities, money was invented to make it possible for a foolish man to control wise men; a weak man, strong men; a child, old men; an ignorant man, knowledgeable men; and for a dwarf to control giants.

If we were not impressed by job titles, suits, and jargon, we would demand that financial advisors show us their personal bank statements before they tell us what we could or should do with our own money.

Millions of business people are each constantly forced to choose between their desire to not be a bad person and their desire to be a good business person, that is to say, to make as much money as they possibly can by maximizing their revenue while minimizing the cost of producing whatever it is that they sell.

Poverty is not caused by men and women getting married; it's not caused by machinery; it's not caused by "over-production"; it's not caused by drink or laziness; and it's not caused by "over-population". It's caused by Private Monopoly. That is the present system. They have monopolized everything that it is possible to monopolize; they have got the whole earth, the minerals in the earth and the streams that water the earth. The only reason they have not monopolized the daylight and the air is that it is not possible to do it. If it were possible to construct huge gasometers and to draw together and compress within them the whole of the atmosphere, it would have been done long ago, and we should have been compelled to work for them in order to get money to buy air to breathe. And if that seemingly impossible thing were accomplished tomorrow, you would see thousands of people dying for want of air - or of the money to buy it - even as now thousands are dying for want of the other necessities of life. You would see people going about gasping for breath, and telling each other that the likes of them could not expect to have air to breathe unless the had the money to pay for it. Most of you here, for instance, would think and say so. Even as you think at present that it's right for so few people to own the Earth, the Minerals and the Water, which are all just as necessary as is the air. In exactly the same spirit as you now say: "It's Their Land," "It's Their Water," "It's Their Coal," "It's Their Iron," so you would say "It's Their Air," "These are their gasometers, and what right have the likes of us to expect them to allow us to breathe for nothing?" And even while he is doing this the air monopolist will be preaching sermons on the Brotherhood of Man; he will be dispensing advice on "Christian Duty" in the Sunday magazines; he will give utterance to numerous more or less moral maxims for the guidance of the young. And meantime, all around, people will be dying for want of some of the air that he will have bottled up in his gasometers. And when you are all dragging out a miserable existence, gasping for breath or dying for want of air, if one of your number suggests smashing a hole in the side of one of th gasometers, you will all fall upon him in the name of law and order, and after doing your best to tear him limb from limb, you'll drag him, covered with blood, in triumph to the nearest Police Station and deliver him up to "justice" in the hope of being given a few half-pounds of air for your trouble.

Leibniz was somewhat mean about money. When any young lady at the court of Hanover married, he used to give her what he called a "wedding present," consisting of useful maxims, ending up with the advice not to give up washing now that she had secured a husband. History does not record whether the brides were grateful.

Most human beings strongly believe that money is way less important than the life of a human being, but in reality five hundred, fifty, or even five dollars are way more important to the lives of most human beings than the lives of most human beings.

Most poor people do not really aspire to end poverty; they merely aspire to escape it.

Thinking has, many a time, made me sad, darling; but doing never did in all my life. My theory is a sort of parody on the maxim of "Get money, my son, honestly if you can; but get money." My precept is, "Do something, my sister, do good if you can; but, at any rate, do something.

Understanding the value of time is understanding the true essence of life

Nothing incites to money-crimes like great poverty or great wealth. - More Maxims of Mark, Johnson, 1927

We were always loyal to lost causes, the professor said. Success for us is the death of the intellect and of the imagination. We were never loyal to the successful. We serve them. I teach the blatant Latin language. I speak the tongue of a race the acme of whose mentality is the maxim: time is money. Material domination.

Barack insisted that we pay for everything ourselves, using what we'd saved from his book royalties. As long as I've known him, he's been this way: extra-vigilant when it comes to matters of money and ethics, holding himself to a higher standard than even what's dictated by law. There's an age-old maxim in the black community: You've got to be twice as good to get half as far. As the first African American family in the White House, we were being viewed as representatives of our race. Any error or lapse in judgment, we knew, would be magnified, read as something more than it was.

Most people do not have the same values when they get money. Money changes a person completely. Very few people can withstand the lure of money and they are difficult to find. I have learnt that wherever there is money, people like to take advantage of the situation and maximize their return.

You can only be fulfilled and accomplished in life when you effectively maximize yourself

Remember, successful investing is based more on minimizing regret than maximizing gains.

Mitchell Maxwell’s Maxims • You have to create your own professional path. There’s no longer a roadmap for an artistic career. • Follow your heart and the money will follow. • Create a benchmark of your own progress. If you never look down while you’re climbing the ladder you won’t know how far you’ve come. • Don’t define success by net worth, define it by character. Success, as it’s measured by society, is a fleeting condition. • Affirm your value. Tell the world “I am an artist,” not “I want to be an artist.” • You must actively live your dream. Wishing and hoping for someday doesn’t make it happen. Get out there and get involved. • When you look into the abyss you find your character. • Young people too often let the fear of failure keep them from trying. You have to get bloody, sweaty and rejected in order to succeed. • Get your face out of Facebook and into somebody’s face. Close your e-mail and pick up the phone. Personal contact still speaks loudest. • No one is entitled to act entitled. Be willing to work hard. • If you’re going to buck the norm you’re going to have to embrace the challenges. • You have to love the journey if you’re going to work in the arts. • Only listen to people who agree with your vision. • A little anxiety is good but don’t let it become fear, fear makes you inert. • Find your own unique voice. Leave your individual imprint on the world, not a copy of someone else. • Draw strength from your mistakes; they can be your best teacher.

My theory is a sort of parody on the maxim of "Get money, my son, honestly if you can; but get money." My precept is, "Do something, my sister, do good if you can; but, at any rate, do something.

Remember, the essence of becoming wealthy is to produce more than you consume and save the difference. But it's hard to maximize value working for somebody else. [...] There is cause and there is effect. You don't want to be the effect of somebody else's cause. You want to be the cause for everything in your life. That implies working for yourself." On Getting And Keeping Money, The Casey Report, July 2011

the chief principle of banana-ism is that of kleptocracy, whereby those in positions of influence use their time in office to maximize their own gains, always ensuring that any shortfall is made up by those unfortunates whose daily life involves earning money rather than making it.

When prisons are privatized, issues of crime and justice are taken out of the realm of ethics or morality and placed squarely within the culture and logic of the free market. In doing so, the mission of rehabilitating or even punishing people is trumped by the market-driven goal of maximizing shareholder wealth. Further, market-based notions of “efficiency” prompt prisons to divest from everything but the crudest institutional resources. Healthful foods, mental health resources, and educational programs all become fiscal fat that must be trimmed by the prison in order to maximize the bottom line. In simple terms, we have created a world where there is profit in incarcerating as many individuals as possible for as little money as necessary.

When the fuel is dried up in a vehicle, it stops driving automatically. You are a vehicle in the spiritual and the physical world, so you need some oil for alacrity, in order to get to your destination. The greater the quantity of your oil, the more you cover the distance, and the more you cover the distance, the closer you get to your success.

Time utilization and effectiveness is a major marker for success

Success is determined by how best you can utilize your time

Maximize the time you have through hard work, concentration and research

Was life really an endless string of being bounced around from company to company, from Owner to Owner, being seen as a line item on a balance sheet—a number to get as low as possible to maximize profits?

XXXII.—Kings do with men as with pieces of money; they make them bear what value they will, and one is forced to receive them according to their currency value, and not at their true worth. (1665, No. 165.)

More often than not, an inspirational or motivational speaker is someone who makes money from telling us that we can do all of the things that we can do … and pretty much all of the things that we cannot do.

Education, government, health care, and science are increasingly driven by the philosophies of financial maximization. Institutions that had previously been focused on a range of outcomes—knowledge, service, care, discovery—are increasingly measured by just one: money.

When they tear a workingman's hand in a machine or kill him, you can understand-- the workingman himself is at fault. But in a case like this, when they suck a man's blood out of him and throw him away like a carcass --that can't be explained in any way. I can comprehend every murder; but torturing for mere sport I can't comprehend. And why do they torture the people? To what purpose do they torture us all? For fun, for mere amusement, so that they can live pleasantly on the earth; so that they can buy everything with the blood of the people, a prima donna, horses, silver knives, golden dishes, expensive toys for their children. YOU work, work, work, work more and more, and I'LL hoard money by your labor and give my mistress a golden wash basin

Looking back on the fifty years since I first became aware of its flaws, the word that summarizes my feelings about Neoclassical economics today is that it is, as Marx once described the proto-Neoclassical Jean-Baptiste Say, ‘dull’ [...] Its vision of capitalism at its best is a system manifesting the harmony of equilibrium, where everyone is paid their just return (their ‘marginal product’), growth is occurring smoothly at a rate that maximizes social utility through time, and everyone is motivated by consumption – rather than accumulation and power – because, to quote Say, ‘the producers, though they have all of them the air of demanding money for their goods, do in reality demand merchandise for their merchandise’ [...] What a bland picture of the complex, changing world in which we live!

The worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. Nothing could have been more ingeniously designed to maximize the suffering, and also to insure that as few people as possible escape the common misfortune. The fortunate speculator who had funds to answer the first margin call presently got another and equally urgent one, and if he met that there would still be another. In the end all the money he had was extracted from him and lost. The man with the smart money, who was safely out of the market when the first crash came, naturally went back in to pick up bargains. The bargains then suffered a ruinous fall. Even the man who waited for volume of trading to return to normal and saw Wall Street become as placid as a produce market, and who then bought common stocks would see their value drop to a third or a fourth of the purchase price in the next 24 months. The Coolidge bull market was a remarkable phenomenon. The ruthlessness of its liquidation was, in its own way, equally remarkable.

Don’t just make use of a gift, look inside you and maximize others

Time is a running factor; once it goes, it cannot be reclaimed

You have to discover how best you can manage your time to carry out your work effectively

Your daily actions should be productive

Time should be assessed as seconds, minutes and hours so as to be maximized effectively

To maximize time is to make sure that every second, minute and hour counts

The idea of life is maximizing your time and living and effective life

Be disciplined and prudent in the way you manage your time

Be conscious about life and time in order to maximize your time effectively

Own the error and correct it,” he said. Hamood had a thousand proverbs and maxims. His favorite was Keep the money in your hand, never in your heart. He used that one a lot.

Spending all your money before you have a business model, makes about as much sense as drinking all your water before you hike across a desert so that you won’t have to carry the canteen.

Time is not money. Time is the space where money is earned and measured. Wealth minded people aim to maximize how much value they create and minimize the time it takes to create that value.

We were born and brought up with the maxim that 'time is money'. We know exactly what money is, but what does the word time mean? The day is made up of twenty-four hours and an infinite number of moments. We need to be aware of those moments and to make the most of them regardless of whether we're busy doing something or merely contemplating life. If we slow down, everything lasts much longer. Of course, that means that washing the dishes might last longer, as might totting up the debits and credits on a balance sheet or checking promissory notes, but why not use that time to think about pleasant things and to feel glad simply to be alive?

Among other strategies, he set up a “charitable lead trust” that enabled him to pass on his estate to his sons without inheritance taxes, so long as the sons donated the accruing interest on the principal to charity for twenty years. To maximize their self-interest, in other words, the Koch boys were compelled to be charitable. Tax avoidance was thus the original impetus for the Koch brothers’ extraordinary philanthropy. As David Koch later explained, “So for 20 years, I had to give away all that income, and I sort of got into it.

Government is a plain, simple, intelligent thing, founded in nature and reason, quite comprehensible by common sense [the Dissertation continued]. . . . The true source of our suffering has been our timidity. We have been afraid to think. . . . Let us dare to read, think, speak, and write. . . . Let it be known that British liberties are not the grants of princes or parliaments . . . that many of our rights are inherent and essential, agreed on as maxims and established as preliminaries, even before Parliament existed. . . . Let us read and recollect and impress upon our souls the views and ends of our more immediate forefathers, in exchanging their native country for a dreary, inhospitable wilderness. . . . Recollect their amazing fortitude, their bitter sufferings—the hunger, the nakedness, the cold, which they patiently endured—the severe labors of clearing their grounds, building their houses, raising their provisions, amidst dangers from wild beasts and savage men, before they had time or money or materials for commerce. Recollect the civil and religious principles and hopes and expectations which constantly supported and carried them through all hardships with patience and resignation. Let us recollect it was liberty, the hope of liberty, for themselves and us and ours, which conquered all discouragements, dangers, and trials.

Thinking has, many a time, made me sad, darling; but doing never did in all my life. My theory is a sort of parody on the maxim of "Get money, my son, honestly if you can; but get money." My precept is, "Do something, my sister, do good if you can; but, at any rate, do something

Today, a really hot guy walked into my office. Wanting to impress him, I picked up the phone and pretended to be making a huge business deal, talking loudly about big sums of money. I put the phone down and smiled seductively at him. He said, ‘Hi! I’m here to connect your phone lines.’ FML

Oikonomia is the science or art of efficiently producing, distributing, and maintaining concrete use values for the household and community over the long run. Chrematistics is the art of maximizing the accumulation by individuals of abstract exchange value in the form of money in the short run.

I believe that the key to success lies in knowing how to both strive for a lot and fail well. By failing well, I mean being able to experience painful failures that provide big learnings without failing badly enough to get knocked out of the game. This way of learning and improving has been best for me because of what I’m like and because of what I do. I’ve always had a bad rote memory and didn’t like following other people’s instructions, but I loved figuring out how things work for myself. I hated school because of my bad memory but when I was twelve I fell in love with trading the markets. To make money in the markets, one needs to be an independent thinker who bets against the consensus and is right. That’s because the consensus view is baked into the price. One is inevitably going to be painfully wrong a lot, so knowing how to do that well is critical to one’s success. To be a successful entrepreneur, the same is true: One also has to be an independent thinker who correctly bets against the consensus, which means being painfully wrong a fair amount. Since I was both an investor and an entrepreneur, I developed a healthy fear of being wrong and figured out an approach to decision making that would maximize my odds of being right.

Profit is so very fluctuating that the person who carries on a particular trade cannot always tell you himself what is the average of his annual profit. It is affected not only by every variation of price in the commodities which he deals in, but by the good or bad fortune both of his rivals and of his customers, and by a thousand other accidents to which goods when carried either by sea or by land, or even when stored in a warehouse, are liable. It varies, therefore, not only from year to year, but from day to day, and almost from hour to hour. To ascertain what is the average profit of all the different trades carried on in a great kingdom must be much more difficult; and to judge of what it may have been formerly, or in remote periods of time, with any degree of precision, must be altogether impossible. But though it may be impossible to determine, with any degree of precision, what are or were the average profits of stock, either in the present or in ancient times, some notion may be formed of them from the interest of money. It may be laid down as a maxim, that wherever a great deal can be made by the use of money, a great deal will commonly be given for the use of it; and that wherever little can be made by it, less will commonly be given for it. According, therefore, as the usual market rate of interest varies in any country, we may be assured that the ordinary profits of stock must vary with it, must sink as it sinks, and rise as it rises. The progress of interest, therefore, may lead us to form some notion of the progress of profit.

We had to begin to practice deep, authentic collaboration. This meant a shift in how we move financial and human resources—there are enough people out there to support the movement(s) we need, but currently, organizations are pitted against each other to access money (less and less money), rather than creating and investing together to maximize a diversity of resources from money, to people, to spaces, to skills. Because we are not investing in a shared network of resources, it is easy to let structural and ideological particularities create deep splits throughout the non-profit sphere, rendering much of our work useless.

Simplification is the smart path toward effectively managing expectations. In general terms, met expectations lead to temporary happiness and unmet ones lead to temporary sadness. The human mind is wired to avoid losses more than it is to achieve gains, so minimizing regret is more important in this process than is maximizing future upside.

The Qur’an promoted work and trade and defined commercial profit as “God’s bounty.”38 The Prophet, himself a merchant, is on the record with such sayings as: “He who makes money pleases God.”39 He is also known to have rejected calls for price-fixing, noting that only God governs the market.40 “Muhammad,” as French historian Maxime Rodinson succinctly put it, “was not a socialist.

Even in ancient times general recognition must have been accorded to the view which later in the shape of the maxim pecunia pecuniam parere non potest was to be the basis of all discussion of the problem of interest for hundreds and even thousands of years, and Aristotle undoubtedly did not state it in the famous passage in his Politics as a new doctrine but as a generally-accepted commonplace.2

Often times, I find myself or others around me making decisions based on absolutes instead of thinking marginally. Are those extra five hours of work worth the extra money when compared to spending an extra five hours with family? Of course, having a job and earning a decent living are good things, but usually we forget to ask ourselves whether that additional time spent doing such and such is worthwhile

How contaminated are U.S. pork products? Consumer Reports magazine tested nearly two hundred samples from cities across the country and found that more than two-thirds of the pork was contaminated with Yersinia.129 This may be because of the intensification and overcrowding that characterizes most of today’s industrial pig operations.130 As noted in an article in National Hog Farmer entitled “Crowding Pigs Pays,” pork producers can maximize their profits by confining each pig to a six-square-foot space. This basically means cramming a two-hundred-pound animal into an area equivalent to about two feet by three feet. The authors acknowledged that overcrowding presents problems, including inadequate ventilation and increased health risks, but they concluded that sometimes, “crowding pigs a little tighter will make you more money.”131

Life is not a game of Space Invaders—you don’t get points for all the money you rack up in the game—but many people treat it as though it were. They just keep earning and earning, trying to maximize their wealth without giving nearly as much thought to maximizing what they get out of that wealth—including what they can give to their children, their friends, and the larger society now, instead of waiting until they die.

Through neglect of this rule, many men of genius and great scholars have become weak-minded and childish, or even gone quite mad, as they grew old. To take no other instances, there can be no doubt that the celebrated English poets of the early part of this century, Scott, Wordsworth, Southey, became intellectually dull and incapable towards the end of their days, nay, soon after passing their sixtieth year; and that their imbecility can be traced to the fact that, at that period of life, they were all led on? by the promise of high pay, to treat literature as a trade and to write for money. This seduced them into an unnatural abuse of their intellectual powers; and a man who puts his Pegasus into harness, and urges on his Muse with the whip, will have to pay a penalty similar to that which is exacted by the abuse of other kinds of power. And

From these definitions and axioms springs my central hypothesis: political parties in a democracy formulate policy strictly as a means of gaining votes. They do not seek to gain office in order to carry out certain preconceived policies or to serve any particular interest groups; rather they formulate policies and serve interest groups in order to gain office. Thus their social function—which is to formulate and carry out policies when in power as the government—is accomplished as a by-product of their private motive—which is to attain the income, power, and prestige of being in office. This hypothesis implies that, in a democracy, the government always acts so as to maximize the number of votes it will receive. In effect, it is an entrepreneur selling policies for votes instead of products for money. Furthermore, it must compete for votes with other parties, just as two or more oligopolists compete for sales in a market.

When you maximize your intelligence you minimize your sweat. When you maximize your talents you minimize your competition. When you maximize your education you minimize your ignorance. When you maximize your strengths you minimize your weaknesses. When you maximize your opportunities you minimize your regrets. When you maximize your assets you minimize your debts. When you maximize your money you minimize your lack. When you maximize your wisdom you minimize your mistakes. When you maximize your integrity you minimize your disgrace. When you maximize your patience you minimize your anger. When you maximize your joys you minimize your bitterness. When you maximize your pleasures you minimize your sorrows. When you maximize your charity you minimize your greed. When you maximize your modesty you minimize your ego. When you maximize your love you minimize your fear. When you maximize your virtues you minimize your vices. When you maximize your needs you minimize your wants. When you maximize your diplomacy you minimize your opposition. When you maximize your compassion you minimize your conflicts. When you maximize your gratitude you minimize your unhappiness. When you maximize your kindness you minimize your enemies. When you maximize your friendships you minimize your troubles. When you maximize your relationships you minimize your hardships. When you maximize your marriage you minimize your struggles.

The rich look at money not as a limited resource that they need to maximize (the way most people do), but as a fungible tool that can be used for any purpose. They take advantage of every opportunity to make more money and build wealth in as many ways as possible—by cutting expenses, optimizing their fees/prices, minimizing their taxes, building multiple income streams, and using whatever other ways they can find. They focus on making as much money as possible per minute and hour of their time.

Ancient Egypt was doubly fortunate, and doubtless owed to this its fabled wealth, in that it possessed two activities, namely, pyramid-building as well as the search for the precious metals, the fruits of which, since they could not serve the needs of man by being consumed, did not stale with abundance. The Middle Ages built cathedrals and sang dirges. Two pyramids, two masses for the dead, are twice as good as one; but not so two railways from London to York. Thus we are so sensible, have schooled ourselves to so close a semblance of prudent financiers, taking careful thought before we add to the 'financial' burdens of posterity by building them houses to live in, that we have no such easy escape from the sufferings of unemployment. We have to accept them as an inevitable result of applying to the conduct of the State the maxims which are best calculated to 'enrich' an individual by enabling him to pile up claims to enjoyment which he does not intend to exercise at any definite time.

For many years I kept grandfather’s church calendar with his notes written inside it. The words “Saved from calamity by these benefactors” were written in straight letters and red ink on the day of Joachim and Anna. I remember that calamity. Worried about supporting his failed children, grandfather had begun to lend money, secretly holding his debtors’ possessions in hock. Someone informed against him, and one night the police descended on the house to search it. There was a great commotion, but it all turned out fine. Grandfather prayed until sunrise, and in the morning I watched him write those words in the calendar.

To be sure, we can buy art, but we sense that if it is mere commodity, we pay too much; and if it is true art, we pay infinitely too little. Similarly, we can buy sex but not love; we can buy calories but not real nourishment. Today we suffer a poverty of immesurable things, priceless things; a poverty of the things that money cannot buy and a surfeit of the things it can (though this surfeit is so unequally distributed that many suffer a poverty of those things, too). Just as money homogenizes the things it touches, so also does it homogenize and depersonalize its users: "It facilitates the kind of commercial exchange that is disembedded from all other relations." In other words, people become mere parties to a transaction. In contrast to the diverse motivations that characterize the giving and receiving of gifts, in a pure financial transaction we are all identical: we all want to get the best deal. The homegeneity among human beings that is an effect of money is assumed by economics to be a cause. The whole story of money's evolution from barter assumes that it is fundamental human nature to want to maximize self-interest. In this, human beings are assumed to be identical. When there is no standard of value, different humans want different things. When money is exchangeable for any thing, then all people want the same thing: money.

They believed that the market was the ultimate judge of their work and their worth. The market created a true meritocracy: you either made money because you made good trading decisions or you lost money because you made bad ones. Enron traders didn't concern themselves with ethics or morality apart from the unyielding judgment of the markets. Maximizing profit was not inconsistent with doing good, they believed, but an inherent part of it, and the judge of good and bad was the immediate consequence of a split-second trade. The highest compliment a trader could pay a colleague was to call him intellectually pure. The worst insult was to accuse someone of making a deal that wasn't economic.

[A man] finds himself forced by necessity to borrow money. He knows that he will not be able to repay it, but sees also that nothing will be lent to him unless he promises stoutly to repay it in definite time. He desires to make this promise, but he has still so much conscience as to ask himself: Is it not unlawful and inconsistent with duty to get out of a difficulty in this way? Suppose, however, that he resolves to do so, then the maxim of his action would be expressed thus: When I think myself in want of money, I will borrow money and promise to repay it, although I know that I never can do so. Now this principle of self-love or of one's own advantage may perhaps be consistent with my whole future welfare; but the question now is, Is it right? I change then the suggestion of self-love into a universal law, and state the question thus: How would it be if my maxim were a universal law? Then I see at once that it could never hold as a universal law of nature, but would necessarily contradict itself. For supposing it to be a universal law that everyone when he thinks himself in a difficulty should be able to promise whatever he pleases, with the purpose of not keeping his promise, the promise itself would become impossible, as well as the end that one might have in view in it, since no one would consider that anything was promised to him, but would ridicule all such statements as vain pretenses.

When the people find that they can vote themselves money, that will herald the end of the republic. – Ben Franklin Any fool can criticize, condemn and complain and most fools do. – Ben Franklin Malcolm X once said, Time is on the side of the oppressed today. It’s against the oppressor. Truth is on the side of the oppressed today. It’s against the oppressor. You don’t need anything else. President Abe Lincoln uttered a profound and prophetic maxim approximately 150 years ago, If you once forfeit the confidence of your fellow citizens, you can never regain their respect and esteem. It is true that you may fool all of the people some of the time; you can fool some of the people all of the time; but you cannot fool all the people all of the time.

Ralph Waldo Emerson would later observe that “Souls are not saved in bundles.”16 Johnson fervently believed in each individual’s mysterious complexity and inherent dignity. He was, through it all, a moralist, in the best sense of that term. He believed that most problems are moral problems. “The happiness of society depends on virtue,” he would write. For him, like other humanists of that age, the essential human act is the act of making strenuous moral decisions. He, like other humanists, believed that literature could be a serious force for moral improvement. Literature gives not only new information but new experiences. It can broaden the range of awareness and be an occasion for evaluation. Literature can also instruct through pleasure. Today many writers see literature and art only in aesthetic terms, but Johnson saw them as moral enterprises. He hoped to be counted among those writers who give “ardor to virtue and confidence to truth.” He added, “It is always a writer’s duty to make the world better.” As Fussell puts it, “Johnson, then, conceives of writing as something very like a Christian sacrament, defined in the Anglican catechism as ‘an outward and visible sign of an inward and spiritual grace given to us.’ ” Johnson lived in a world of hack writers, but Johnson did not allow himself to write badly—even though he wrote quickly and for money. Instead, he pursued the ideal of absolute literary honesty. “The first step to greatness is to be honest” was one of Johnson’s maxims. He had a low but sympathetic view of human nature. It was said in Greek times that Demosthenes was not a great orator despite his stammer; he was a great orator because he stammered. The deficiency became an incentive to perfect the associated skill. The hero becomes strongest at his weakest point. Johnson was a great moralist because of his deficiencies. He came to understand that he would never defeat them. He came to understand that his story would not be the sort of virtue-conquers-vice story people like to tell. It would be, at best, a virtue-learns-to-live-with-vice story. He wrote that he did not seek cures for his failings, but palliatives. This awareness of permanent struggle made him sympathetic to others’ failings. He was a moralist, but a tenderhearted one.

All this depends, however, on the rich using their profits to open new factories and hire new employees, rather than wasting them on non-productive activities. Smith therefore repeated like a mantra the maxim that ‘When profits increase, the landlord or weaver will employ more assistants’ and not ‘When profits increase, Scrooge will hoard his money in a chest and take it out only to count his coins.’ A crucial part of the modern capitalist economy was the emergence of a new ethic, according to which profits ought to be reinvested in production. This brings about more profits, which are again reinvested in production, which brings more profits, et cetera ad infinitum. Investments can be made in many ways: enlarging the factory, conducting scientific research, developing new products. Yet all these investments must somehow increase production and translate into larger profits.

Well, buying an annuity means you give the insurance company a lump sum—say, $500,000 at age 60—and in return you get a guaranteed monthly payout (for example, $2,400 each month) for the rest of your life, however long that happens to be. Like all insurance, annuities aren’t free—insurance companies have to make money to stay in business!—but if your goal is to maximize the life experiences you can buy with the money you’ve earned, they’re a very sensible solution. That’s partly because, even after the insurance company’s fees, your monthly payouts amount to more than you would probably be willing to pay yourself if you wanted to make sure you didn’t outlive your money. For example, one popular rule of thumb for retirement spending is the “4 percent rule,” whereby you withdraw 4 percent from your savings each year of retirement. Well, with annuities, your annual payouts will probably amount to more than 4 percent of what you put into the annuity—and, unlike the 4 percent withdrawals, those payouts are guaranteed to continue for the rest of your life.

This resulted in a model of the macroeconomy as consisting of a single consumer, who lives for ever, consuming the output of the economy, which is a single good produced in a single firm, which he owns and in which he is the only employee, which pays him both profits equivalent to the marginal product of capital and a wage equivalent to the marginal product of labor, to which he decides how much labor to supply by solving a utility function that maximizes his utility over an infinite time horizon, which he rationally expects and therefore correctly predicts. The economy would always be in equilibrium except for the impact of unexpected ‘technology shocks’ that change the firm’s productive capabilities (or his consumption preferences) and thus temporarily cause the single capitalist/worker/consumer to alter his working hours. Any reduction in working hours is a voluntary act, so the representative agent is never involuntarily unemployed, he’s just taking more leisure. And there are no banks, no debt, and indeed no money in this model. You think I’m joking? I wish I was.

IRA funds became a form of play money for the middle class... Because the pool of capital that made up an IRA could not be withdrawn for twenty or thirty years, many people viewed their IRAs as containing money they could experiment with. They could use an IRA to buy their first stock or their first mutual fund. They could put in in a money market fund first, and then, as they got bolder - and the bull market became more irresistible - shift some of it into something a little riskier. IRAs gave people a way to try on the stock and bond markets for size, to see how they felt, and to become slowly comfortable with the idea of investing. The knowledge that the money couldn't easily be withdrawn acted as a psychological safety net, allowing investors to feel as though they could take a chance or two. If they made a mistake, they reasoned, there was still time to recoup - several decades, perhaps.Over time, many people came to believe that it as imperative to maximize the returns they were getting on their IRA account, even at the risk of taking a loss. How else would they ever have enough to retire on? This, surely, is the classic definition of investment capital.

I’m not suggesting anyone has acted illegally. To the contrary: CEOs believe they are supposed to maximize shareholder returns, and one means of accomplishing that goal is to play the political game as well as it possibly can be played and field the largest and best legal and lobbying teams available. Trade associations see their role as representing the best interests of their corporate members, which requires lobbying ferociously, raising as much money as possible for political campaigns of pliant lawmakers, and even offering jobs to former government officials. Public officials, for their part, perceive their responsibility as acting in the public interest. But the public interest is often understood as emerging from a consensus of the organized interests appearing before them. The larger and wealthier the organization, the better equipped its lawyers and its experts are to assert what’s good for the public. Any official who once worked for such an organization, or who suspects he may work for one in the future, is prone to find such arguments especially persuasive. Inside the mechanism of the “free market,” the economic and political power of the new monopolies feed off and enlarge each other.

Poverty is not caused by men and women getting married; it's not caused by machinery; it's not caused by "over-production"; it's not caused by drink or laziness; and it's not caused by "over-population". It's caused by Private Monopoly. That is the present system. They have monopolized everything that it is possible to monopolize; they have got the whole earth, the minerals in the earth and the streams that water the earth. The only reason they have not monopolized the daylight and the air is that it is not possible to do it. If it were possible to construct huge gasometers and to draw together and compress within them the whole of the atmosphere, it would have been done long ago, and we should have been compelled to work for them in order to get money to buy air to breathe. And if that seemingly impossible thing were accomplished tomorrow, you would see thousands of people dying for want of air - or of the money to buy it - even as now thousands are dying for want of the other necessities of life. You would see people going about gasping for breath, and telling each other that the likes of them could not expect to have air to breathe unless the had the money to pay for it. Most of you here, for instance, would think and say so. Even as you think at present that it's right for so few people to own the Earth, the Minerals and the Water, which are all just as necessary as is the air. In exactly the same spirit as you now say: "It's Their Land," "It's Their Water," "It's Their Coal," "It's Their Iron," so you would say "It's Their Air," "These are their gasometers, and what right have the likes of us to expect them to allow us to breathe for nothing?" And even while he is doing this the air monopolist will be preaching sermons on the Brotherhood of Man; he will be dispensing advice on "Christian Duty" in the Sunday magazines; he will give utterance to numerous more or less moral maxims for the guidance of the young. And meantime, all around, people will be dying for want of some of the air that he will have bottled up in his gasometers. And when you are all dragging out a miserable existence, gasping for breath or dying for want of air, if one of your number suggests smashing a hole in the side of one of th gasometers, you will all fall upon him in the name of law and order, and after doing your best to tear him limb from limb, you'll drag him, covered with blood, in triumph to the nearest Police Station and deliver him up to "justice" in the hope of being given a few half-pounds of air for your trouble

The tricky thing about the hood is that you’re always working, working, working, and you feel like something’s happening, but really nothing’s happening at all. I was out there every day from seven a.m. to seven p.m., and every day it was: How do we turn ten rand into twenty? How do we turn twenty into fifty? How do I turn fifty into a hundred? At the end of the day we’d spend it on food and maybe some beers, and then we’d go home and come back and it was: How do we turn ten into twenty? How do we turn twenty into fifty? It was a whole day’s work to flip that money. You had to be walking, be moving, be thinking. You had to get to a guy, find a guy, meet a guy. There were many days we’d end up back at zero, but I always felt like I’d been very productive. Hustling is to work what surfing the Internet is to reading. If you add up how much you read in a year on the Internet—tweets, Facebook posts, lists—you’ve read the equivalent of a shit ton of books, but in fact you’ve read no books in a year. When I look back on it, that’s what hustling was. It’s maximal effort put into minimal gain. It’s a hamster wheel. If I’d put all that energy into studying I’d have earned an MBA. Instead I was majoring in hustling, something no university would give me a degree for.

In the absence of expert [senior military] advice, we have seen each successive administration fail in the business of strategy - yielding a United States twice as rich as the Soviet Union but much less strong. Only the manner of the failure has changed. In the 1960s, under Robert S. McNamara, we witnessed the wholesale substitution of civilian mathematical analysis for military expertise. The new breed of the "systems analysts" introduced new standards of intellectual discipline and greatly improved bookkeeping methods, but also a trained incapacity to understand the most important aspects of military power, which happens to be nonmeasurable. Because morale is nonmeasurable it was ignored, in large and small ways, with disastrous effects. We have seen how the pursuit of business-type efficiency in the placement of each soldier destroys the cohesion that makes fighting units effective; we may recall how the Pueblo was left virtually disarmed when it encountered the North Koreans (strong armament was judged as not "cost effective" for ships of that kind). Because tactics, the operational art of war, and strategy itself are not reducible to precise numbers, money was allocated to forces and single weapons according to "firepower" scores, computer simulations, and mathematical studies - all of which maximize efficiency - but often at the expense of combat effectiveness. An even greater defect of the McNamara approach to military decisions was its businesslike "linear" logic, which is right for commerce or engineering but almost always fails in the realm of strategy. Because its essence is the clash of antagonistic and outmaneuvering wills, strategy usually proceeds by paradox rather than conventional "linear" logic. That much is clear even from the most shopworn of Latin tags: si vis pacem, para bellum (if you want peace, prepare for war), whose business equivalent would be orders of "if you want sales, add to your purchasing staff," or some other, equally absurd advice. Where paradox rules, straightforward linear logic is self-defeating, sometimes quite literally. Let a general choose the best path for his advance, the shortest and best-roaded, and it then becomes the worst path of all paths, because the enemy will await him there in greatest strength... Linear logic is all very well in commerce and engineering, where there is lively opposition, to be sure, but no open-ended scope for maneuver; a competitor beaten in the marketplace will not bomb our factory instead, and the river duly bridged will not deliberately carve out a new course. But such reactions are merely normal in strategy. Military men are not trained in paradoxical thinking, but they do no have to be. Unlike the business-school expert, who searches for optimal solutions in the abstract and then presents them will all the authority of charts and computer printouts, even the most ordinary military mind can recall the existence of a maneuvering antagonists now and then, and will therefore seek robust solutions rather than "best" solutions - those, in other words, which are not optimal but can remain adequate even when the enemy reacts to outmaneuver the first approach.

WHY DIVERSIFY? During the bull market of the 1990s, one of the most common criticisms of diversification was that it lowers your potential for high returns. After all, if you could identify the next Microsoft, wouldn’t it make sense for you to put all your eggs into that one basket? Well, sure. As the humorist Will Rogers once said, “Don’t gamble. Take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.” However, as Rogers knew, 20/20 foresight is not a gift granted to most investors. No matter how confident we feel, there’s no way to find out whether a stock will go up until after we buy it. Therefore, the stock you think is “the next Microsoft” may well turn out to be the next MicroStrategy instead. (That former market star went from $3,130 per share in March 2000 to $15.10 at year-end 2002, an apocalyptic loss of 99.5%).1 Keeping your money spread across many stocks and industries is the only reliable insurance against the risk of being wrong. But diversification doesn’t just minimize your odds of being wrong. It also maximizes your chances of being right. Over long periods of time, a handful of stocks turn into “superstocks” that go up 10,000% or more. Money Magazine identified the 30 best-performing stocks over the 30 years ending in 2002—and, even with 20/20 hindsight, the list is startlingly unpredictable. Rather than lots of technology or health-care stocks, it includes Southwest Airlines, Worthington Steel, Dollar General discount stores, and snuff-tobacco maker UST Inc.2 If you think you would have been willing to bet big on any of those stocks back in 1972, you are kidding yourself. Think of it this way: In the huge market haystack, only a few needles ever go on to generate truly gigantic gains. The more of the haystack you own, the higher the odds go that you will end up finding at least one of those needles. By owning the entire haystack (ideally through an index fund that tracks the total U.S. stock market) you can be sure to find every needle, thus capturing the returns of all the superstocks. Especially if you are a defensive investor, why look for the needles when you can own the whole haystack?

This is a good moment to remember one of Mansfield’s Manly Maxims: “Manly men tend their fields.” It means that we take care of the lives and property entrusted to us. It means that we take responsibility for everything in the “field assigned to us.” We cannot do this without knowledge. We cannot do it if we are ignorant of our times, blind to the trends shaping our lives, and oblivious to the basic knowledge that allows us to do what we are called to do as men. We must know enough about law, health, science, economics, politics, and technology to fulfill our roles. We should also know enough about our faith to stand our ground in a secular age, resist heresies, and teach our families. We also shouldn’t be without the benefits of literature and poetry, of good novels and stirring stories, all of which make us more relevant and more effective. We need all of this, and no one is going to force it upon us. Nor will we acquire what we need from a degree program or a study group alone, as valuable as these can be. The truth is that men who aspire to be genuine men and serve well have no choice: they must devote themselves to an aggressive program of self-education. They have to read books, stay current with websites and periodicals, consult experts, and put themselves in a position to know. It isn’t as hard as it sounds, particularly in our Internet age. Much of what a man needs to know can land in his iPad while he is sleeping, but he has to know enough to value this power in the first place. To ignore this duty can mean disaster. How many men have lost jobs because they did not see massive trends on the horizon? How many men have failed to stay intellectually sharp and so gave up ground in their professions to others with more active minds? How many have lost money through uninformed investments or have not taken opportunities in expanding fields or have missed promotions because they had not bothered to learn about new technologies or what changes social media, for example, would bring to their jobs? I do not want to be negative. Learning is a joy. Reading is one of the great pleasures of life. A man ought to invest in knowledge because it is part of living in this world fully engaged and glorifying God. Yet our times also make it essential. The amount of knowledge in the world is increasing. Technology is transforming our lives. New trends can rise like floodwaters and sweep devastation into our homes. Men committed to tending their fields learn, study, research, dig out facts, and test theories. They know how to safeguard their families. They serve well because they serve as informed men.

Ours is the best!” product positioning activate something known as the maximizing mind-set, which leads people to regard anything that’s less than perfect as a waste of money.

Thomas Edison once said, “One might think that the money value of an invention constitutes its reward to the man who loves his work. But speaking for myself, I can honestly say this is not so . . . . I continue to find my greatest pleasure, and so my reward, in the work that precedes what the world calls success.

There is no requirement for those affected by an idea to be aware of any of this, of course. When the writer and media critic Philip Sandifer writes that "David Whitaker, at once the most important figure in Doctor Who's development and the least understood, created a show that is genuinely magical and this influence cannot be erased from within the show," he does not mean that any of the hundreds of actors and writers who went on to work on the programme saw it in those terms. Or as Sandifer so clearly puts it, "I don't actually believe that the writers of Doctor Who were consciously designing a sentient metafiction to continually disrupt the social order through a systematic process of détournement. Except maybe David Whitaker." From Drummond and Cauty's perspective, the story of Doctor Who is irrelevant. All that was happening was that they were exploring their mental landscape, and they were fulfilling their duty as artists by doing so more deeply than normal people. This is a landscape with many unseen, unknown areas where who-knows-what might be found. The KLF explored further than most and, if we were to accept Moore's model, it would perhaps not be surprising that a fiction as complex as Doctor Who could encounter them in Ideaspace and, being at its lowest point and in dire need of help, use them for its own ends. For Moore, and other artists such as David Lynch who use similar models, the role of the artist is like that of a fisherman. It is their job to fish in the collective unconscious and use all their skill to best present their catch to an audience. Drummond and Cauty, on the other hand, appear to have been caught by the fish. Lacking any clear sense of what they were doing, they dived in as deeply as Moore and Lynch. They did not have a specific purpose for doing so. They just needed to make something happen - anything really, such is the path of chaos. "It was supposed to be a proper dance record, but we couldn't fit the four-four beat to it, so we ended up with the glitter beat, which was never really our intention but we had to go with it," Cauty has said. "It was like an out of control lorry, you know, you're just trying to steer it, and that track took itself over really, and did what it wanted to do. We were just watching." This lack of intention is significant, from a magical point of view. One of the most important aspects of magical practice is the will. Aleister Crowley defined magic as being changes in the world brought about by the exercise of the will, hence his maxim 'Do what thou Will shall be the whole of the Law.' The will or intention of a magical act is important because the magician opens himself up to all sorts of strange powers and influences and he must avoid being controlled by them. Drummond and Cauty were not exerting any control on the process, and so they made themselves vulnerable to the who-knows-whats that live out of sight in the depths of Ideaspace. For this reason, you could understand why Moore would think that Bill Drummond was “totally mad." All this only applies if you're prepared to accept the notion of magic, of course.

It’s a common theme among the highly concentrated investors profiled in this book. Permanent capital—capital not subject to withdrawal or redemption—is an essential component for achieving high returns in concentrated portfolios because it offers the luxury of ignoring the short-term fluctuations of the market:65 Why would we want those artificial constraints? Lou had considerable periods in the dotcom bubble when the averages were outperforming Lou. It was years and he got well all at once. Nobody was saying to him, “How can you do this to us for three years running?” The money management business is not necessarily a good way to manage money if you are really trying to maximize your returns over 30 years.

Great Roofing Tips You Should Check Out To make sure that you get the right roof for your needs, learn more about it before you hire someone to install one. This article is going to teach you a few things that can help you to have a roofing project that goes well. You just might learn a thing or two about roofing that can save you some time or money. Don't mess around with your roof if the weather is inclement. Not only does it make it more dangerous for you to go up there, but it can also ruin the work you're attempting to do. Wait for nice weather, both temperature and storm-wise, and then take advantage of the beautiful day. Always be safe when you're up on your roof. If you don't know what you're doing, don't go up there! Wear the right safety gear and don't do anything that puts your body at risk. Remember to bring along the right tools for the job as well to ensure you do the work right. Safety should always be your primary concern when repairing a roof. A quick way to seriously injure yourself is to try to work on your roof in wet conditions. Put a bucket beneath any leaks until the weather improves, then go inspect the roof and see if it's possible for you to repair it. Gutter To protect the integrity of your roof, clean the gutters regularly. Many roof problems, such as leaking, are caused by back-ups in the gutter system. Having a clogged gutter means that rain and snow cannot adequately drain and that puts an extra burden on your roofing materials. Buy tools to make cleaning the gutters faster and easier on you. If you have a hard time getting debris out of your gutter, you may want to bring in some new tools. Try fastening a metal angle on the end of a long board, then move the material towards you with a raking motion. Afterwards, clear out extra debris with a wire brush. While you should give your gutter periodic deep cleanings, there are certain things you should get away from your gutter the moment you see them. Litter, twigs, and pine needles are all big clogging culprits, and knocking them out of the way will help you prevent problems with your own gutter. These short tips have given you the knowledge you needed. These tips will maximize your knowledge of roofing. It can be a nightmare to repair or replace your roof if you are not educated on the matter.

Unlike other objects, money retains no trace of its origins and no trace of those through whom it has passed. Whereas a gift seems to partake of its giver, everyone's money is the same. If I have $2,000 in the bank, half from my friend and half from my enemy, I cannot choose to spend me enemy's $1,000 first and save my friend's. Each dollar is identical. Wisely, perhaps, many people refuse on principle to mix business with friendship, wary of the essential conflict between money and personal relationship. Money depersonalizes a relationship, turning two people into mere "parties to an exchange" driven by the universal goal of maximizing self-interest. If I seek to maximize self-interest, perhaps at your expense, how can we be friends? And when in our highly monetized society we meet nearly all our needs with money, what personal gifts remain from which to build friendship?

Power is the ability to maximize your opportunities, not diminish them.

Why would your decision change so much once Susan asks for a nickel apiece? Because, very simply, by asking for money, she has introduced market norms into the equation, and these have chased away the social norms that governed the case of the free cookies. More interesting, it’s clear in both cases that if you take multiple cookies, there will be fewer for the other people in your office. But if Susan offers her cookies for free, I am willing to bet that you will think about social justice, the consequences of appearing greedy, and the welfare of your coworkers. Once money is introduced into the exchange, you stop thinking about what’s socially right and wrong, and you simply want to maximize your cookie intake.

What these results mean is that when price is not a part of the exchange, we become less selfish maximizers and start caring more about the welfare of others. We saw this demonstrated by the fact that when the price decreased to zero, customers restrained themselves and took far fewer units. So while the product (candy, in our case) was more attractive to more people, it also made people think more about others, care about them, and sacrifice their own desires for the benefit of others. As it turns out, we are caring social animals, but when the rules of the game involve money, this tendency is muted. THE RESULTS FROM our experiment also help explain one of the great mysteries in life: why, when we are dining out with friends, taking the last olive feels like such a big deal.

Power is putting yourself in a position to maximize your gifts and your purpose and execute your goals and plans. Power is something developed from within. It’s not about trying to control anyone but yourself.

Many people report that the greatest fear they face today is the fear of not having enough money to maintain their lifestyle throughout retirement. Does this sound like you? Social Security is still a vital role in retirement income. The greatest benefit Social Security provides is regular income that is guaranteed to increase over time and continue as long as you live. Keep in mind, Social Security taxes are just that – taxes. As a result, a worker’s retirement security is entirely dependent upon political decisions. Nevertheless, for now, this benefit makes Social Security one of the most valuable sources of income during one’s retirement. Unfortunately, most Americans do not know much about Social Security. They know even less about how to maximize the benefits that may help sustain them throughout retirement. Whether you are depending upon Social Security to make a significant impact on your retirement income or just a part of your entire financial portfolio, it would be wise to understand which claiming options are available to get the most out of your Social Security income. Even in these tough times and volatile markets, we help our clients take a comprehensive approach to their retirement planning. We offer a complimentary service that we call Social Security Maximization or SSI Max. There are hundreds of ways to claim your Social Security, but which one is right for you and your family? One simple mistake or misjudgment of the program can cost you thousands of dollars that you rightfully deserve. Download our free eBook: 4 Myths about Social Security Income to learn a few common misconceptions about Social Security Income. Find out your SSI Max Strategy Our team of experts use a proprietary system that links to the government’s official Social Security website. It only takes a few minutes to generate your SSI Max Report. Click here to see a sample report and act quickly to get your very own personalized report. Just schedule a call with me to find out your very own, optimal SSI Max Strategy! Click here to schedule now! P.S. – Be sure to ask me about including a “Shortfall Analysis” in your report. Our clients are LOVING this feature! Seriously! What is it? Our Advanced Case Design team builds a comprehensive financial plan best suited for your specific situation by considering all of your retirement vehicles. This is, without a doubt, the best retirement planning offer you will see in a very, very long time!

MY RECOMMENDATION Below is my advice about regarding selling SpaceX stock or options. No complicated analysis is required, as the rules of thumb are pretty simple. If you believe that SpaceX will execute better than the average public company, then our stock price will continue to appreciate at a rate greater than that of the stock market, which would be the next highest return place to invest money over the long term. Therefore, you should sell only the amount that you need to improve your standard of living in the short to medium term. I do actually recommend selling some amount of stock, even if you are certain it will appreciate, as life is short and a bit more cash can increase fun and reduce stress at home (so long as you don’t ratchet up your ongoing personal expenditures proportionately). To maximize your post tax return, you are probably best off exercising your options to convert them to stock (if you can afford to do this) and then holding the stock for a year before selling it at our roughly biannual liquidity events. This allows you to pay the capital gains tax rate, instead of the income tax rate.

Ich fragte nicht weiter. Die Menschen reagieren empfindlich, wenn man ihren Glauben mit der Ökonomie verknüpft. Es gibt aber nichts, was die Welt bewegt, als allein das Gold. Selbst die Liebe entzündet sich am Gold. Und der Glaube erst recht. Ihr senkt die Knie vor eurer Göttin, wenn sie vors Portal tritt, juwelenüberrieselt der reine Leib. Würdet ihr sie auch lieben, wenn sie im Keller die Asche versorgte, Krätzeflecken auf der Haut? Nur eine Macht habe ich gefunden in der Welt, die kümmert sich nicht ums Gold: die Geilheit. Aber die ist schnell verraucht, und ohne Folgen. Vornehme Frauen habe ich gesehen, die Spreize machend unter einem Stallknecht, der stank nach Mist. Ergraute Männer habe ich gesehen, schwer von Würde, die rannten eine Hure zu ficken, die die ganze Stadt schon hatte. Ich sprach davon zu meinem alten Lehrer, und er sah mich an und sagte: Man soll nicht davon reden. Ich war schon ein junger Mann damals, war auf Reisen gewesen, und mein alter Lehrer erhielt sein Gnadenbrot auf meines Vaters Gut, wie es den Pferden und den Sklaven zusteht. Ich war enttäuscht über seine Antwort und verachtete ihn. Heute weiß ich, dass ich ein Kind war und dumm und hochfahrend. Er hatte recht. In seinen Worten lag die einzige Weisheit, zu der einer kommen kann. Man soll nicht darüber reden.

The tools of traditional finance, like modern portfolio theory, can help investors establish efficient portfolios to maximize their wealth with acceptable levels of risk. However, mental accounting makes it difficult to implement these tools. Instead, investors use mental accounting to match different investing goals to different asset allocations. This often leads to investors diversifying their portfolios by goal rather than in total. When investors pick investments in each goal-focused mini portfolio, they examine each choice’s individual risk and return characteristics and ignore their diversification characteristics. They eliminate the choices they view as inferior and then often simply divide their money equally among the acceptable choices.

Higher Chance of Becoming Rich – Counterintuitive as it may sound, you stand a much higher chance at becoming rich pursuing minimalism as opposed to slaving away for an employer.  The reason is two-fold.  First, it’s nearly impossible to become rich working for somebody else.  Understand while you can be promoted and make more money, the nature of your employer is to maximize profits for the owner, not you.  This puts your self-interests in direct opposition to that of the owner.  Not that this is evil or bad on anyone’s part, it just is how it is.  So there will always be that force keeping your salary as low as possible.  And given the all the unemployed people more than happy to take your job, your employer can deliver that threat. 

Proper and effective time management is the best way to make it in life

Maximizing time is making sure that every second is accounted for

A day should be your controlling and managing factor

Understand the concept of time and find ways to maximize it effectively

Discover and understand the true essence of time so as to know how best to utilize and effectively manage it