Pay Dividends Quotes

Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.

Controlling your time is the highest dividend money pays.

I mean … we’d just passed our one-year dating anniversary. I figured I was a sort of long-term investment for her. She hoped I would pay dividends eventually; if I died now, she would’ve put up with all my annoying qualities for nothing.

I very frequently get the question: 'What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one. I almost never get the question: 'What's not going to change in the next 10 years?' And I submit to you that that second question is actually the more important of the two -- because you can build a business strategy around the things that are stable in time. ... [I]n our retail business, we know that customers want low prices, and I know that's going to be true 10 years from now. They want fast delivery; they want vast selection. It's impossible to imagine a future 10 years from now where a customer comes up and says, 'Jeff I love Amazon; I just wish the prices were a little higher,' [or] 'I love Amazon; I just wish you'd deliver a little more slowly.' Impossible. And so the effort we put into those things, spinning those things up, we know the energy we put into it today will still be paying off dividends for our customers 10 years from now. When you have something that you know is true, even over the long term, you can afford to put a lot of energy into it.

Just as life has no quick fix; transformation lacks a flick-switch approach as well. Investing in a better version of yourself will take time but pay you rich dividends as well.

You will invest in something as you live your life, so make sure it is something that will pay dividends you will enjoy.

Regret never pays dividends

Keep at it. Persistence does pay dividends. But there is a catch; you gotta believe it before manifestation will validate conviction as [your] truth. And sacrifice is a required path to fulfillment.

Short-term profits are not reliable indicator of performance of management. Anybody can pay dividends by deferring maintenance, cutting out research, or acquiring another company.

Travel is costly yes, but it pays dividends too.

Knowledge is a commodity to be shared. For knowledge to pay dividends, it should not remain the monopoly of the selected few.

He thought she was happy. She didn't have the heart to tell him the truth. There was no need, anyway. Happiness never lasted, because happiness didn't pay dividends. That was just the way the world worked.

An investment in self-development pays the highest dividends.

Many people object to “wasting money in space” yet have no idea how much is actually spent on space exploration. The CSA’s budget, for instance, is less than the amount Canadians spend on Halloween candy every year, and most of it goes toward things like developing telecommunications satellites and radar systems to provide data for weather and air quality forecasts, environmental monitoring and climate change studies. Similarly, NASA’s budget is not spent in space but right here on Earth, where it’s invested in American businesses and universities, and where it also pays dividends, creating new jobs, new technologies and even whole new industries.

Lured by the wilderness, and by the chance of spotting rare desert elephants, a few intrepid tourists make their way to the Skeleton Coast each year. It's just about as remote as any tourist destination on earth, but one that pays fabulous dividends.

As frustrating as people can be, it’s hard to find a good substitute.

The true investor . . . will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies.

Things outside are just a projection from the DVD playing inside you. The time you invest for knowing your inner self will pay dividends outside.

There are essentially five things public corporations can do with a dollar earned: reinvest in the business, acquire other businesses or assets, pay down debt, pay dividends, and/or buy in shares. Deciding

Sin always overpromises and underdelivers, while righteousness pays dividends for eternity... Nothing is more illogical than sin. It's the epitome of poor judgment. It's temporary insanity with eternal consequences. And we have no alibi, save the cross of Jesus Christ.

Few things will pay you bigger dividends in life than the time and trouble you take to understand people and build relationships. As

Be willing for purpose; it pays huge returns on investment. And along the journey, those who dis your willing sacrifice(s) will ponder their own foolishness.

The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.

Hope, once invested in, always pays dividends.

Aoife also offered a 50 per cent discount if I held it here. She might look dowdy but she’s savvy. That’s how she clinched it. She knows I’ll feature it in the magazine now, knows it’ll get press because of Will. It’ll pay dividends in the end.

If there’s one place, then, where we can intervene in a way that will pay dividends for society down the road, it’s in the classroom. Yet that’s barely happening. All the big debates in education are about format. About delivery. About didactics. Education is consistently presented as a means of adaptation – as a lubricant to help you glide more effortlessly through life. On the education conference circuit, an endless parade of trend watchers prophesy about the future and essential twenty-first-century skills, the buzzwords being “creative,” “adaptable,” and “flexible.” The focus, invariably, is on competencies, not values. On didactics, not ideals. On “problem-solving ability,” but not which problems need solving. Invariably, it all revolves around the question: Which knowledge and skills do today’s students need to get hired in tomorrow’s job market – the market of 2030? Which is precisely the wrong question. In 2030, there will likely be a high demand for savvy accountants untroubled by a conscience. If current trends hold, countries like Luxembourg, the Netherlands, and Switzerland will become even bigger tax havens, enabling multinationals to dodge taxes even more effectively, leaving developing countries with an even shorter end of the stick. If the aim of education is to roll with these kinds of trends rather than upend them, then egotism is set to be the quintessential twenty-first-century skill. Not

I have found that there is romance in housework: and charm in it; and whimsy and humor without end. I have found that the housewife works hard, of course–but likes it. Most people who amount to anything do work hard, at whatever their job happens to be. The housewife’s job is home-making, and she is, in fact, ‘making the best of it’; making the best of it by bringing patience and loving care to her work; sympathy and understanding to her family; making the best of it by seeing all the fun in the day’s incidents and human relationships. The housewife realizes that home-making is an investment in happiness. It pays everyone enormous dividends. There are huge compensations for the actual labor involved… There are unhappy housewives, of course. But there are unhappy stenographers and editresses and concert singers. The housewife whose songs I sing as I go about my work, is the one who likes her job (pp. 6-7). From Songs of a Housewife: Poems by Marjorie Kinnan Rawlings

Practical knowledge is the ultimate commodity, and is what will pay you dividends for decades to come—far more than the paltry increase in pay you might receive at some seemingly lucrative position that offers fewer learning opportunities.

Columbus, desperate to pay back dividends to those who had invested, had to make good his promise to fill the ships with gold. In the province of Cicao on Haiti, where he and his men imagined huge gold fields to exist, they ordered all persons fourteen years or older to collect a certain quantity of gold every three months. When they brought it, they were given copper tokens to hang around their necks. Indians found without a copper token had their hands cut off and bled to death. The Indians had been given an impossible task. The only gold around was bits of dust garnered from the streams. So they fled, were hunted down with dogs, and were killed.

The concept of ‘spending’ is problematic. When we are functioning with intention and wisdom, the only thing we really do with money is invest. There are small investments, and big investments. There are good investments and bad investments…The ROI we get for some investments is a product or service - the groceries in exchange for money, or the the car wash in exchange for money. And the ROI we get for other investments may be additional money in the form of interest or dividends, while the ROI in other cases is just a sense of fulfillment after maybe giving to charity or buying a gift for your spouse, or paying for your kids tuition, or creating art. When we look at it from this perspective, we get rid of the expectation that sending money out is a loss, and we replace it with an expectation that sending money out will always result in an ROI of some kind. Everything is an investment when we act with intention and wisdom.

Wisdom is really the key to wealth. With great wisdom, comes great wealth and success. Rather than pursuing wealth, pursue wisdom. The aggressive pursuit of wealth can lead to disappointment. Wisdom is defined as the quality of having experience, and being able to discern or judge what is true, right, or lasting. Wisdom is basically the practical application of knowledge. Rich people have small TVs and big libraries, and poor people have small libraries and big TVs. Become completely focused on one subject and study the subject for a long period of time. Don't skip around from one subject to the next. The problem is generally not money. Jesus taught that the problem was attachment to possessions and dependence on money rather than dependence on God. Those who love people, acquire wealth so they can give generously. After all, money feeds, shelters, and clothes people. They key is to work extremely hard for a short period of time (1-5 years), create abundant wealth, and then make money work hard for you through wise investments that yield a passive income for life. Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand. Failure is success if we learn from it. Continuing failure eventually leads to success. Those who dare to fail miserably can achieve greatly. Whenever you pursue a goal, it should be with complete focus. This means no interruptions. Only when one loves his career and is skilled at it can he truly succeed. Never rush into an investment without prior research and deliberation. With preferred shares, investors are guaranteed a dividend forever, while common stocks have variable dividends. Some regions with very low or no income taxes include the following: Nevada, Texas, Wyoming, Delaware, South Dakota, Cyprus, Liechtenstein, Luxembourg, Panama, San Marino, Seychelles, Isle of Man, Channel Islands, Curaçao, Bahamas, British Virgin Islands, Brunei, Monaco, Qatar, United Arab Emirates, Saudi Arabia, Bahrain, Bermuda, Kuwait, Oman, Andorra, Cayman Islands, Belize, Vanuatu, and Campione d'Italia. There is only one God who is infinite and supreme above all things. Do not replace that infinite one with finite idols. As frustrated as you may feel due to your life circumstances, do not vent it by cursing God or unnecessarily uttering his name. Greed leads to poverty. Greed inclines people to act impulsively in hopes of gaining more. The benefit of giving to the poor is so great that a beggar is actually doing the giver a favor by allowing the person to give. The more I give away, the more that comes back. Earn as much as you can. Save as much as you can. Invest as much as you can. Give as much as you can.

Spend your money for education; it will pay you the best dividend. No one will be able to steal is and you will not lose it for a second.

Just like downing a powerful caffeine drink, “reaching out to others” pays that big “life energizer dividend!

we owe love to all people, but only to a proven friend are we to entrust “the secrets of the heart.

no investment pays higher dividends than education.

It’s hard to put a dollar value on that advice. It’s the kind of thing that continues to pay dividends. But make no mistake: The advice had tangible economic value.

Because we tend to remember the best of times and the worst of times instead of the most likely of times, the wealth of experience that young people admire does not always pay clear dividends.

Basically, CEOs have five essential choices for deploying capital—investing in existing operations, acquiring other businesses, issuing dividends, paying down debt, or repurchasing stock—and three alternatives for raising it—tapping internal cash flow, issuing debt, or raising equity. Think of these options collectively as a tool kit. Over the long term, returns for shareholders will be determined largely by the decisions a CEO makes in choosing which tools to use (and which to avoid) among these various options. Stated simply, two companies with identical operating results and different approaches to allocating capital will derive two very different long-term outcomes for shareholders.

No matter how little money we have, no matter what rung we occupy on anybody’s corporate ladder of success, in the end what everybody discovers is that what matters is other people. Human beings who give themselves to relational greatness—who have friends they laugh with, cry with, learn with, fight with, dance with, live and love and grow old and die with—these are the human beings who lead magnificent lives.

To combat fear, the best strategy is to learn to bring your attention back to the present. Mark Twain said, “I have been through some terrible things in my life, some of which actually happened.” I don’t think I can say it any better. Practice keeping your attention on the here and now. Your efforts will pay great dividends.

Indeed, the calculated costs and benefits of passion and perseverance don’t always add up, at least in the short run. It’s often more “sensible” to give up and move on. It can be years or more before grit’s dividends pay off.

How now in the contemplative evening of his days, the pious Bildad reconciled these things in the reminiscence, I do not know; but it did not seem to concern him much, and very probably he had long since come to the sage and sensible conclusion that a man's religion is one thing, and this practical world quite another. This world pays dividends.

Practical knowledge is the ultimate commodity, and is what will pay you dividends for decades to come—far more than the paltry increase in pay you might receive at some seemingly lucrative position that offers fewer learning opportunities

God is your boss. He is your power, he is your promotion, and he determines your future. It's not you, or your boss that makes the decisions about your life, it's God! So if your circumstances are a warning that you should slow down, then you should listen up, take note, and start working in God's timing. Don't fight God's timing, because you can never win. Just a gentle submission to the will and purpose of God to move more slowly, will pay dividends, and help you from making too many mistakes.

There are many people for whom hate and rage pay a higher dividend of immediate satisfaction than love. Congenitally aggressive, they soon become adrenaline addicts, deliberately indulging psychically stimulated endocrines. Knowing that on self-assertion always ends by evoking other and hostile self-assertions, they sedulously cultivate their truculence. And, sure enough, very soon they find themselves in the thick of a fight. But a fight is what they most enjoy; for it is while they are fighting that their blood chemistry makes them feel most intensely themselves. "Feeling good", they naturally assume that they *are good. Adrenalin addiction is rationalized as Righteous Indignation and finally, like the prophet Jonah, they are convinced, unshakably, that they do well to be angry.

Who wouldn’t want to claim an identity that allows them to pay zero taxes on capital gains, interests, or dividends? Puerto Rico represents a chance to live the American dream as it was intended: the freedom to reach our full potential without having to support a welfare state.

You and I were born with a number of God given commodities that were intended to be shared. Among them is our time, friendship and love. These three things pay immeasurable dividends when shared with others. Freely giving of your time, your friendship and your love is the greatest gift you can give someone. Materially, it costs very little and yet there is nothing on this earth that yields a higher return. ~Jason Versey

automatically compound. If you need cash, you can sell stock and pay capital gains tax at a lower rate than a dividend would be taxed.

Because I actually landed a gig for my junior year that had the potential to pay huge dividends in my future.

A thorough and accurate diagnosis, while more time-consuming, will pay huge dividends in the future.

To only responsible choice I can make today is to Give, Love and be Happy .. pays a high dividend on a long term !

There is a very important theological distinction between being a prophet and being a jerk. What burns deeply in the heart of a true prophet is not just anger but love.

Are You Paying Trust Taxes, or Earning Trust Dividends?

Kindness is built on three factors, which are appreciation, compassion, and personal power. Appreciation is awareness of the gifts of others while simultaneously appreciating yourself as the opposite person is a mirror of you. Compassion is the hard earned gift of experience in action that pays off in dividends. Kindness is an Abundance of Flow of Personal Power.

I cannot decide how much to borrow, what shares to issue, at what price, what wages and bonus to pay, and what dividend to give. I even need the government's permission for the salary I pay to a senior executive.

One of the best tricks a garden plays is that you never quite remember how it's going to be, that first day after winter has gone, when you go outside and can stay outside all day fiddling with jobs that aren't pressing enough to weigh heavily but will nevertheless pay dividends. A garden is made up of a thousand small inventions, but each small act is a defence (defiance even) against a world without anchors or safe harbours.

A network functions precisely because there’s recognition of mutual need. There’s an implicit understanding that investing time and energy in building personal relationships with the right people will pay dividends. The majority of “one percenters” are in that top stratum because they understand this dynamic—because, in fact, they themselves used the power of their network of contacts and friends to arrive at their present station.

When the weeks have built up with frustration and immense stress and one of your co-workers, a manager or an employee triggers irritation or angers you, knowing how to respond in a mindful way can pay huge dividends. Knowing how to not take other people’s emotional baggage personally and intuitively sensing when to bring up concerns and when not to is an expression of emotional intelligence. This is all possible if we are being truly mindful.

As the masses lose their economic importance, will the moral argument alone be enough to protect human rights and liberties? Will elites and governments go on valuing every human being even when it pays no economic dividends?

Attention and discipline, regarding where we focus, pay huge dividends. We must be mindful, attentive, and awake. If not sober and vigilant, the old program runs automatically, and we are once again just pawns in the already established game.

Truth telling is an investment we must make in relationships—whether personal or professional. It takes a lot of time and thought, and sometimes, courage. However, there is probably not another investment of time that pays a greater dividend when done well.

To accept people is to be for them. It is to recognize that it is a very good thing that these people are alive, and to long for the best for them. It does not, of course, mean to approve of everything they do. It means to continue to want what is best for their souls no matter what they do.

Maybe she was having a bad day,” Lexi said as she unwrapped the chocolate bar the saleswoman had given her. “And yeah, I could have been mean, but now maybe she’ll remember that the person she judged was actually fun and really nice, and she will be more open-minded in the future. Kindness pays dividends.

Since the greatest room for each person's growth is in the areas of his greatest strength, you should focus your training time and money on educating him about his strengths and figuring out ways to build on these strengths rather than on remedially trying to plug his 'skill gaps.' You will find that this one shift in emphasis will pay huge dividends. In one fell swoop you will sidestep three potential pitfalls to building a strengths-based organization: the 'I don't have the skills and knowledge I need' problem, the 'I don't know what I'm best at' problem, and the 'my manager doesn't know what I'm best at' problem.

the Amazon hiring process has a flywheel effect—it pays greater and greater dividends the longer it is used. Ideally, the bar continues to be set higher, so much that, eventually, employees should be able to say to themselves, “I’m glad I joined when I did. If I interviewed for a job today, I’m not sure I’d be hired!

If I burst into a house and yell to all assembled, “Put on the kettle!” I have uttered an imperative English sentence, but some will probably infer that I would like to have a cup of tea or other hot beverage, while another may further surmise that I feel myself at home here, and may in fact be the occupant of this house. Yet another person present, a monoglot Hungarian, may infer only that I speak English, and so does whomever I am addressing (well, it sounds like English to her), while somebody really in the know will be instantly informed that I have decided after all to steam open that sealed envelope and surreptitiously read the letter inside in spite of the fact that it isn’t addressed to me; a crime is about to be committed. What semantic information can be gleaned from the event depends on what information the gleaner already has accumulated. Learning that somebody speaks English can be a valuable update to your world knowledge, a design improvement that may someday pay big dividends.

If you want to get to the truth about what makes us different, it’s this,” Bezos says, veering into a familiar Jeffism: “We are genuinely customer-centric, we are genuinely long-term oriented and we genuinely like to invent. Most companies are not those things. They are focused on the competitor, rather than the customer. They want to work on things that will pay dividends in two or three years, and if they don’t work in two or three years they will move on to something else. And they prefer to be close-followers rather than inventors, because it’s safer. So if you want to capture the truth about Amazon, that is why we are different. Very few companies have all of those three elements.

How now in the contemplative evening of his days, the pious Bildad reconciled these things in the reminiscence, I do not know; but it did not seem to concern him much, and very probably he had long since come to the sage and sensible conclusion that a man’s religion is one thing, and this practical world quite another. This world pays dividends.

Apple raised $17 billion in a bond offering in 2013. Not to invest in new products or business lines, but to pay a dividend to stockholders. The company is awash with cash, but much of that money is overseas, and there would be a tax charge if it were repatriated to the USA. For many other companies, the tax-favoured status of debt relative to equity encourages financial engineering. Most large multinational companies have corporate and financial structures of mind-blowing complexity. The mechanics of these arrangements, which are mainly directed at tax avoidance or regulatory arbitrage, are understood by only a handful of specialists. Much of the securities issuance undertaken by Goldman Sachs was not ‘helping companies to grow’ but represented financial engineering of the kind undertaken at Apple. What

Yes, they are getting ready for another war. Why shouldn't they? It pays high dividends. But what does it profit the masses? What does it profit the men who are killed? What does it profit the men who are maimed? What does it profit their mothers and sisters, their wives and their sweethearts? What does it profit their children? What does it profit anyone except the very few to whom war means huge profits?

It's simply not possible to always see the world fresh and in full, like a child, while also making money, paying bills on time, and taking care of a family...But doing this work and occasionally acting like a two-year-old pays dividends of awe and pleasure. It doesn't take very much time to notice that you live within nature...Wonder doesn't come from outside after driving somewhere spectacular, it comes from within: It's a union of the natural world and the mind prepared to receive it.

The highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want today.” People want to become wealthier to make them happier. Happiness is a complicated subject because everyone’s different. But if there’s a common denominator in happiness—a universal fuel of joy—it’s that people want to control their lives. The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.

Consider the level of car-purchasing knowledge Dr. South has recently acquired that will never pay capital gains or real dividends or enhance the productivity of his business. He now has knowledge about every Porsche dealer within a four hundred-mile radius of his home. Dr. South also can tell you immediately the dealer’s cost on nearly every Porsche model, the cost of options and accessories, and the performance characteristics of most models. It takes much time and effort to acquire such information. Dr.

Habituating ourselves a little every day to the basic groundlessness of life will pay large dividends at the end of life. Somehow, despite its ongoing presence in our lives, we're still not used to continual change. The uncertainty that accompanies every day and every moment of our lives is still an unfamiliar presence. As we contemplate these teachings and pay attention to the constant, unpredictable flow of our experience, we just might start to feel more relaxed with how things are. If we can bring this relaxation to our deathbed, we will be ready for whatever may happen next.

In our modern democracy, shamelessness can be positively advantageous. Politicians who aren’t hindered by shame are free to do things others wouldn’t dare. Would you call yourself your country’s most brilliant thinker, or boast about your sexual prowess? Could you get caught in a lie and then tell another without missing a beat? Most people would be consumed by shame – just as most people leave that last cookie on the plate. But the shameless couldn’t care less. And their audacious behaviour pays dividends in our modern mediacracies, because the news spotlights the abnormal and the absurd. In this type of world, it’s not the friendliest and most empathic leaders who rise to the top, but their opposites. In this world, it’s survival of the shameless.

I have found it frustrating at times that so few people know what the space program does and, as a result, are unaware that they benefit from it. Many people object to “wasting money in space” yet have no idea how much is actually spent on space exploration. The CSA’s budget, for instance, is less than the amount Canadians spend on Halloween candy every year, and most of it goes toward things like developing telecommunications satellites and radar systems to provide data for weather and air quality forecasts, environmental monitoring and climate change studies. Similarly, NASA’s budget is not spent in space but right here on Earth, where it’s invested in American businesses and universities, and where it also pays dividends, creating new jobs, new technologies and even whole new industries. The

Recognizing how most great fortunes had been built up in predatory ways, through usury, war lending and political insider dealings to grab the Commons and carve out burdensome monopoly privileges led to a popular view of financial magnates, landlords and hereditary ruling elite as parasitic by the 19th century, epitomized by the French anarchist Proudhon’s slogan “Property as theft.” Instead of creating a mutually beneficial symbiosis with the economy of production and consumption, today’s financial parasitism siphons off income needed to invest and grow. Bankers and bondholders desiccate the host economy by extracting revenue to pay interest and dividends. Repaying a loan – amortizing or “killing” it – shrinks the host. Like the word amortization, mortgage (“dead hand” of past claims for payment) contains the root mort, “death.” A financialized economy becomes a mortuary when the host economy becomes a meal for the financial free luncher that takes interest, fees and other charges without contributing to production.

In his book 30 Lessons for Living, gerontologist Karl Pillemer interviewed a thousand elderly Americans looking for the most important lessons they learned from decades of life experience. He wrote: No one—not a single person out of a thousand—said that to be happy you should try to work as hard as you can to make money to buy the things you want. No one—not a single person—said it’s important to be at least as wealthy as the people around you, and if you have more than they do it’s real success. No one—not a single person—said you should choose your work based on your desired future earning power. What they did value were things like quality friendships, being part of something bigger than themselves, and spending quality, unstructured time with their children. “Your kids don’t want your money (or what your money buys) anywhere near as much as they want you. Specifically, they want you with them,” Pillemer writes. Take it from those who have lived through everything: Controlling your time is the highest dividend money pays.

You are personally responsible for so much of the sunshine that brightens up your life. Optimists and gentle souls continually benefit from their very own versions of daylight saving time. They get extra hours of happiness and sunshine every day. – Douglas Pagels, from Simple Thoughts That Can Literally Change Your Life The secret joys of living are not found by rushing from point A to point B, but by slowing down and inventing some imaginary letters along the way. – Douglas Pagels, from Simple Thoughts That Can Literally Change Your Life “There is nothing more important than family.” Those words should be etched in stone on the sidewalks that lead to every home. – Douglas Pagels, from Simple Thoughts That Can Literally Change Your Life I may be uncertain about exactly where I’m headed, but I am very clear regarding this: I’m glad I’ve got a ticket to go on this magnificent journey. – Douglas Pagels, from Simple Thoughts That Can Literally Change Your Life When your heart is filled with gratitude for what you do have, your head isn’t nearly so worried about what you don’t. – Douglas Pagels, from Simple Thoughts That Can Literally Change Your Life Don’t let cynical people transfer their cynicism off on you. In spite of its problems, it is still a pretty amazing world, and there are lots of truly wonderful people spinning around on this planet. – Douglas Pagels, from Required Reading for All Teenagers All the good things you can do – having the right attitude, having a strong belief in your abilities, making good choices and responsible decisions – all those good things will pay huge dividends. You’ll see. Your prayers will be heard. Your karma will kick in. The sacrifices you made will be repaid. And the good work will have all been worth it. – Douglas Pagels, from Required Reading for All Teenagers The more you’re bothered by something that’s wrong, the more you’re empowered to make things right. – Douglas Pagels, from Everyone Should Have a Book Like This to Get Through the Gray Days May you be blessed with all these things: A little more joy, a little less stress, a lot more understanding of your wonderfulness. Abundance in your life, blessings in your days, dreams that come true, and hopes that stay. A rainbow on the horizon, an angel by your side, and everything that could ever bring a smile to your life. – Douglas Pagels, from May You Be Blessed with All These Things Each day brings with it the miracle of a new beginning. Many of the moments ahead will be marvelously disguised as ordinary days, but each one of us has the chance to make something extraordinary out of them. – Douglas Pagels, from May You Be Blessed with All These Things Keep planting the seeds of your dreams, because if you keep believing in them, they will keep trying their best to blossom for you. – Douglas Pagels, from May You Be Blessed with All These Things I hope your dreams take you... to the corners of your smiles, to the highest of your hopes, to the windows of your opportunities, and to the most special places your heart has ever known. – Douglas Pagels, from May You Be Blessed with All These Things Love is what holds everything together. It’s the ribbon around the gift of life. – Douglas Pagels, from May You Be Blessed with All These Things There are times in life when just being brave is all you need to be. – Douglas Pagels, from May You Be Blessed with All These Things When it comes to anything – whether it involves people or places or jobs or hoped-for plans – you never know what the answer will be if you don’t ask. And you never know what the result will be if you don’t try. – Douglas Pagels, from Make Every Day a Positive One Don’t just have minutes in the day; have moments in time. – Douglas Pagels, from Chasing Away the Clouds A life well lived is simply a compilation of days well spent. – Douglas Pagels, from Chasing Away the Clouds

If the widget company consistently earned a superior return on capital throughout the period, or if capital employed only doubled during the CEO’s reign, the praise for him may be well deserved. But if return on capital was lackluster and capital employed increased in pace with earnings, applause should be withheld. A savings account in which interest was reinvested would achieve the same year-by-year increase in earnings—and, at only 8% interest, would quadruple its annual earnings in 18 years. The power of this simple math is often ignored by companies to the detriment of their shareholders. Many corporate compensation plans reward managers handsomely for earnings increases produced solely, or in large part, by retained earnings—i.e., earnings withheld from owners. For example, ten-year, fixed-price stock options are granted routinely, often by companies whose dividends are only a small percentage of earnings. An example will illustrate the inequities possible under such circumstances. Let’s suppose that you had a $100,000 savings account earning 8% interest and “managed” by a trustee who could decide each year what portion of the interest you were to be paid in cash. Interest not paid out would be “retained earnings” added to the savings account to compound. And let’s suppose that your trustee, in his superior wisdom, set the “pay-out ratio” at one-quarter of the annual earnings.

Statisticians say that stocks with healthy dividends slightly outperform the market averages, especially on a risk-adjusted basis. On average, high-yielding stocks have lower price/earnings ratios and skew toward relatively stable industries. Stripping out these factors, generous dividends alone don’t seem to help performance. So, if you need or like income, I’d say go for it. Invest in a company that pays high dividends. Just be sure that you are favoring stocks with low P/Es in stable industries. For good measure, look for earnings in excess of dividends, ample free cash flow, and stable proportions of debt and equity. Also look for companies in which the number of shares outstanding isn’t rising rapidly. To put a finer point on income stocks to skip, reverse those criteria. I wouldn’t buy a stock for its dividend if the payout wasn’t well covered by earnings and free cash flow. Real estate investment trusts, master limited partnerships, and royalty trusts often trade on their yield rather than their asset value. In some of those cases, analysts disagree about the economic meaning of depreciation and depletion—in particular, whether those items are akin to earnings or not. Without looking at the specific situation, I couldn’t judge whether the per share asset base was shrinking over time or whether generally accepted accounting principles accounting was too conservative. If I see a high-yielder with swiftly rising share counts and debt levels, I assume the worst.

she feels lucky to have a job, but she is pretty blunt about what it is like to work at Walmart: she hates it. She’s worked at the local Walmart for nine years now, spending long hours on her feet waiting on customers and wrestling heavy merchandise around the store. But that’s not the part that galls her. Last year, management told the employees that they would get a significant raise. While driving to work or sorting laundry, Gina thought about how she could spend that extra money. Do some repairs around the house. Or set aside a few dollars in case of an emergency. Or help her sons, because “that’s what moms do.” And just before drifting off to sleep, she’d think about how she hadn’t had any new clothes in years. Maybe, just maybe. For weeks, she smiled at the notion. She thought about how Walmart was finally going to show some sign of respect for the work she and her coworkers did. She rolled the phrase over in her mind: “significant raise.” She imagined what that might mean. Maybe $2.00 more an hour? Or $2.50? That could add up to $80 a week, even $100. The thought was delicious. Then the day arrived when she received the letter informing her of the raise: 21 cents an hour. A whopping 21 cents. For a grand total of $1.68 a day, $8.40 a week. Gina described holding the letter and looking at it and feeling like it was “a spit in the face.” As she talked about the minuscule raise, her voice filled with anger. Anger, tinged with fear. Walmart could dump all over her, but she knew she would take it. She still needed this job. They could treat her like dirt, and she would still have to show up. And that’s exactly what they did. In 2015, Walmart made $14.69 billion in profits, and Walmart’s investors pocketed $10.4 billion from dividends and share repurchases—and Gina got 21 cents an hour more. This isn’t a story of shared sacrifice. It’s not a story about a company that is struggling to keep its doors open in tough times. This isn’t a small business that can’t afford generous raises. Just the opposite: this is a fabulously wealthy company making big bucks off the Ginas of the world. There are seven members of the Walton family, Walmart’s major shareholders, on the Forbes list of the country’s four hundred richest people, and together these seven Waltons have as much wealth as about 130 million other Americans. Seven people—not enough to fill the lineup of a softball team—and they have more money than 40 percent of our nation’s population put together. Walmart routinely squeezes its workers, not because it has to, but because it can. The idea that when the company does well, the employees do well, too, clearly doesn’t apply to giants like this one. Walmart is the largest employer in the country. More than a million and a half Americans are working to make this corporation among the most profitable in the world. Meanwhile, Gina points out that at her store, “almost all the young people are on food stamps.” And it’s not just her store. Across the country, Walmart pays such low wages that many of its employees rely on food stamps, rent assistance, Medicaid, and a mix of other government benefits, just to stay out of poverty. The

Equity financing, on the other hand, is unappealing to cooperators because it may mean relinquishing control to outside investors, which is a distinctly capitalist practice. Investors are not likely to buy non-voting shares; they will probably require representation on the board of directors because otherwise their money could potentially be expropriated. “For example, if the directors of the firm were workers, they might embezzle equity funds, refrain from paying dividends in order to raise wages, or dissipate resources on projects of dubious value.”105 In any case, the very idea of even partial outside ownership is contrary to the cooperative ethos. A general reason for traditional institutions’ reluctance to lend to cooperatives, and indeed for the rarity of cooperatives whether related to the difficulty of securing capital or not, is simply that a society’s history, culture, and ideologies might be hostile to the “co-op” idea. Needless to say, this is the case in most industrialized countries, especially the United States. The very notion of a workers’ cooperative might be viscerally unappealing and mysterious to bank officials, as it is to people of many walks of life. Stereotypes about inefficiency, unprofitability, inexperience, incompetence, and anti-capitalism might dispose officials to reject out of hand appeals for financial assistance from co-ops. Similarly, such cultural preconceptions may be an element in the widespread reluctance on the part of working people to try to start a cooperative. They simply have a “visceral aversion” to, and unfamiliarity with, the idea—which is also surely a function of the rarity of co-ops itself. Their rarity reinforces itself, in that it fosters a general ignorance of co-ops and the perception that they’re risky endeavors. Additionally, insofar as an anti-democratic passivity, a civic fragmentedness, a half-conscious sense of collective disempowerment, and a diffuse interpersonal alienation saturate society, this militates against initiating cooperative projects. It is simply taken for granted among many people that such things cannot be done. And they are assumed to require sophisticated entrepreneurial instincts. In most places, the cooperative idea is not even in the public consciousness; it has barely been heard of. Business propaganda has done its job well.106 But propaganda can be fought with propaganda. In fact, this is one of the most important things that activists can do, this elevation of cooperativism into the public consciousness. The more that people hear about it, know about it, learn of its successes and potentials, the more they’ll be open to it rather than instinctively thinking it’s “foreign,” “socialist,” “idealistic,” or “hippyish.” If successful cooperatives advertise their business form, that in itself performs a useful service for the movement. It cannot be overemphasized that the most important thing is to create a climate in which it is considered normal to try to form a co-op, in which that is seen as a perfectly legitimate and predictable option for a group of intelligent and capable unemployed workers. Lenders themselves will become less skeptical of the business form as it seeps into the culture’s consciousness.

We define a bargain issue as one which, on the basis of facts established by analysis, appears to be worth considerably more than it is selling for. The genus includes bonds and preferred stocks selling well under par, as well as common stocks. To be as concrete as possible, let us suggest that an issue is not a true “bargain” unless the indicated value is at least 50% more than the price. What kind of facts would warrant the conclusion that so great a discrepancy exists? How do bargains come into existence, and how does the investor profit from them? There are two tests by which a bargain common stock is detected. The first is by the method of appraisal. This relies largely on estimating future earnings and then multiplying these by a factor appropriate to the particular issue. If the resultant value is sufficiently above the market price—and if the investor has confidence in the technique employed—he can tag the stock as a bargain. The second test is the value of the business to a private owner. This value also is often determined chiefly by expected future earnings—in which case the result may be identical with the first. But in the second test more attention is likely to be paid to the realizable value of the assets, with particular emphasis on the net current assets or working capital. At low points in the general market a large proportion of common stocks are bargain issues, as measured by these standards. (A typical example was General Motors when it sold at less than 30 in 1941, equivalent to only 5 for the 1971 shares. It had been earning in excess of $4 and paying $3.50, or more, in dividends.) It is true that current earnings and the immediate prospects may both be poor, but a levelheaded appraisal of average future conditions would indicate values far above ruling prices. Thus the wisdom of having courage in depressed markets is vindicated not only by the voice of experience but also by application of plausible techniques of value analysis.

Transportation and education pay immense social and economic dividends in the long run, but are difficult to make profitable in the short run.

Rule 1: A rational investor should be willing to pay a higher price for a share the larger the growth rate of dividends and earnings.

This was the power of Andrew Carnegie’s legacy. He had used his wealth to set up over 2,000 public libraries across North America. Three generations after his death, they were continuing to pay dividends. These new American citizens were fortunate that Carnegie had thought long-term. For the Taiwanese boys, Carnegie had created the hardware, and their mother the software. This bode well for their assimilation and success in America.

Disciplined perseverance pays far more dividends than impetuous attempts at individual heroism.

The selection of common stocks for the portfolio of the defensive investor should be a relatively simple matter. Here we would suggest four rules to be followed: 1. There should be adequate though not excessive diversification. This might mean a minimum of ten different issues and a maximum of about thirty.† 2. Each company selected should be large, prominent, and conservatively financed. Indefinite as these adjectives must be, their general sense is clear. Observations on this point are added at the end of the chapter. 3. Each company should have a long record of continuous dividend payments. (All the issues in the Dow Jones Industrial Average met this dividend requirement in 1971.) To be specific on this point we would suggest the requirement of continuous dividend payments beginning at least in 1950.* 4. The investor should impose some limit on the price he will pay for an issue in relation to its average earnings over, say, the past seven years. We suggest that this limit be set at 25 times such average earnings, and not more than 20 times those of the last twelve-month period. But such a restriction would eliminate nearly all the strongest and most popular companies from the portfolio. In particular, it would ban virtually the entire category of “growth stocks,” which have for some years past been the favorites

Old habits many times are mold habits, but they also can be BOLD habits that pay dividends again and again. Repeating information helps you to remember and when you are working with a client or prospect, you need to repeat and reinvest in what you have said so that they can clearly understand what you are offering. Don’t be lazy in your work. Doing the same things repeatedly is not a bad thing to do provided that it is working, and it will work in time when the harvest comes forth.

Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance

If the company meets all of the qualifications for a REIT, it enjoys special tax status: it doesn’t have to pay any taxes at the company level, which means more cash and higher returns for shareholders. (This is in contrast to the double-taxation issues of corporate stocks, where the corporation has to pay taxes on its income before distributing dividends to shareholders, and then the shareholders have to pay taxes on the dividends they receive, resulting in the same money being taxed twice.)

Success involves making many difficult choices and drawing the lines that go with them, trusting that your progress will pay dividends over time, if only you can keep yourself on track. You just need to keep telling yourself: Not long.

But as we pointed out in Chapter Two, it doesn’t make sense to wait until your children’s brains have fully matured before entrusting them with decisions, or you would be waiting until their late twenties or early thirties. The brain develops according to how it’s used. This means that by encouraging our kids—and requiring our adolescents—to make their own decisions, we are giving them invaluable experience in assessing their own needs honestly, paying attention to their feelings and motivations, weighing pros and cons, and trying to make the best possible decision for themselves. We help them develop a brain that’s used to making hard choices and owning them. This is huge and will pay big future dividends.

It's hard to put a dollar value on that advice. It's the kind of thing that continues to pay dividends. But make no mistake: The advice had tangible value. Social capital isn't manifest only in someone connecting you to a friend or passing a resume on to an old boss. It is also, or perhaps primarily, a measure of how much we learn through our friends colleagues, and mentors. I didn't know how to prioritize my options and I didn't know that there were other, better paths for me.

That’s why tomorrow I’m going to send to Congress an urgent budget request to fund America’s national security needs, to support our critical partners, including Israel and Ukraine. It’s a smart investment that’s going pay dividends for American security for generations, help us keep American troops out of harm’s way, help us build a world that is safer, more peaceful and more prosperous for our children and grandchildren.

I know of no other single practice in the Christian life more rewarding, practically speaking, than memorizing Scripture. That’s right. No other single discipline is more useful and rewarding than this. No other single exercise pays greater spiritual dividends! Your prayer life will be strengthened. Your witnessing will be sharper and much more effective. Your counseling will be in demand. Your attitudes and outlook will begin to change. Your mind will become alert and observant. Your confidence and assurance will be enhanced. Your faith will be solidified.12

The most challenging aspect of our current waste pandemic is the disgusting connotation people have with garbage but, as Alexa demonstrates, waste should be viewed as a commodity that can pay dividends for our people, planet and pocketbooks.

The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays. Angus

The long-term increase in the stock market is entirely the result of the increase in long-term dividends and earnings growth of the companies that make up the market. How much investors are willing to pay for those earnings and dividends will change constantly. Much of these fluctuations have to do with speculation, but most of them have to do with the fact that investors are constantly projecting out the recent past into an uncertain future. That doesn't mean the odds are stacked against individual investors; just the ones who are unable to control their emotions.

Beijing’s logic for subnational influence is straightforward. First, friendly relations at this level can help smooth the way for investment in strategic assets—ports, regional airports (including pilot training schools), satellite dishes (as in New Zealand), developments adjacent to military bases, certain agricultural developments and the like. Second, Beijing knows that some subnational leaders will graduate to national parliaments, where the friendship can pay even higher dividends. Finally, they understand that local leaders can exert political pressure on the centre.

By now you might be wondering what’s the point of investing in a stodgy old company such as IBM, GM, or U.S. Steel? There are several reasons you might do this. First, big companies are less risky, in that they generally are in no danger of going out of business. Second, they are likely to pay a dividend. Third, they have valuable assets that might be sold off at a profit.

In one day, God can deliver from an addiction that has held a person captive for years. In one day, God can bring back a prodigal child who has run away and been gone for decades. In one day, God can provide more than someone has accumulated in a lifetime. But if we are going to experience a miracle one day, we need to pray every day. Too many people pray like they are playing the lottery. Prayer is more like an investment account. Every deposit accumulates compound interest. And one day, if we keep making deposits every day, it will pay dividends beyond our wildest imagination.

While it can be frustrating to teach young children because they don’t know how to behave, the upside is that they are virtually a blank slate, and if you take advantage of that fact to teach them to become good learners, that investment will pay dividends for years to come.

Strategic ambiguity is a risky tactic that can pay dividends when used at the appropriate time in the appropriate way. It is risky because it creates an agreement that can be interpreted differently by different parties—we will revisit this problem shortly. But multiple interpretations can also be valuable. This is because sometimes the problem isn’t that the two sides cannot live with each other’s demands, but that writing down or announcing explicitly what you’re willing to live with is too problematic.

GODMAN QUOTES 10 ***Words to remember *** What is not as long as a Key will not be long enough for a Padlock. Determination unlocks achievement. Trace all flow to a source, all bitters, tastes from origin. What is done in harmony doesn’t bear clusters. The sweetest water is tasteless in a sip. Beware… the area of time is not in measurable dimension. Whatever that didn’t allow you to work will never grant you the mercy for a pay…it’s a dividend of duty and time. A daint on your knee is not by kneeling, but an observation we got when we are faint begging our fate to the floor. We beat live where it stops others we challenge destinies where it dumps lives. Judge him not by his yesterday that was him testing the future.

Somewhere at the head of the great dividend-paying machine that was called the General Fuel Company must be some devilish intelligence that had worked it all out, that had given the orders to its ecclesiastical staff: “We want the present—we leave you the future! We want the bodies—we leave you the souls! Teach them what you will about heaven—so long as you let us plunder them on earth!

How many of our investments pay dividends that leave our conscience ‘divided in the end.

THE DIFFERENCE BETWEEN A TAX SHELTER AND TAX DEFERMENT The first lesson I learned was simple: not every tax break is scuzzy. Leona Helmsley, also known as the “Queen of Mean,” may have been sentenced to sixteen years in prison for tax evasion (ah, sweet justice), but there’s a big difference between legal and illegal tax avoidance. When I first started out, I didn’t have nearly as many tax-avoidance strategies as the rich did, but there are a few available to anyone, and taking advantage of every opportunity is absolutely critical. Tax sheltering means putting your money someplace where taxes no longer apply. Think of taxes as gravity in The Matrix, or logic in the Transformers movies. Even if it technically exists, it doesn’t apply to you. For example, if you invest in an index ETF and it goes up, it’s not reported on your tax return. If you earn interest on that account, ditto. Once your money is inside a tax shelter, you never get taxed on it again. This is because the money that goes into a tax-sheltering account has already been taxed. Tax deferment, on the other hand, is the process of taking a chunk of your income and choosing not to pay income taxes on it that year. Here’s how it works: You contribute a portion of your income to a tax-deferred account. The amount you contribute reduces your taxable income for that year, and accountants would call this contribution “deductible.” So, if you made $50,000 one year, and you chose to defer $10,000, then that year you would only be taxed as if you earned $40,000. That $10,000 you deferred gets put into a special account where it can grow tax-free, but if you withdraw it, it will be added on to your taxable income and you’ll pay taxes on it then. This is because money going into tax deferral hasn’t been taxed yet. To recap . . . Tax Shelter Tax Deferral Contributions are . . . Not deductible Deductible Growth/interest/dividends are . . . Tax-free Tax-free Withdrawals are . . . Tax-free Taxed as income

if we are going to experience a miracle one day, we need to pray every day. Too many people pray like they are playing the lottery. Prayer is more like an investment account. Every deposit accumulates compound interest. And one day, if we keep making deposits every day, it will pay dividends beyond our wildest imagination.

In the last 20 years the “profitable reinvestment” theory has been gaining ground. The better the past record of growth, the readier investors and speculators have become to accept a low-pay-out policy. So much is this true that in many cases of growth favorites the dividend rate—or even the absence of any dividend—has seemed to have virtually no effect on the market price.

Take it from those who have lived through everything: Controlling your time is the highest dividend money pays.

if you were to stop working, your employment income would drop to $0. And if you were to structure your portfolio such that it earned money as dividends and capital gains, you could end up never paying taxes again.

only to become 2,301 casualties that we must continue to feed, supply with medical aid, and protect. Why would Atlas au Raa kill when maiming pays dividends?

When you buy a share of stock, you become a partial owner of the business. And as a partial owner, you are entitled to a share of the profits that the business generates. Most mature companies will do 2 things with their profits: They will reinvest some of their profits back into the business in order to grow it. They will return some of their profits to the owners. Profits that are returned to the owners are called dividends. If you own a dividend-paying stock, you will usually get paid a dividend every 3 months.

You can just buy the ProShares S&P 500 Dividend Aristocrats ETF. The ticker is NOBL, and this ETF (exchange-traded fund) trades just like a stock. You can purchase it using any brokerage account. Today NOBL trades at $62.65 per share. So if you have $1,000, you can buy 15.96 shares of NOBL (1000 divided by 62.65). You’ll pay an expense ratio of 0.35% to own this ETF. What this means is that if you invest $1,000 in this ETF, you will pay them $3.50 every year for the privilege of owning their ETF.

Don’t increase your lifestyle until your passive income surpasses your active income. You’ll know you can and should buy that luxury item when the cost of keeping it is totally covered by your passive income. The things you own (such as dividend-paying stocks, oil partnerships, and real estate investment trusts) should pay for the things you enjoy and consume.

Invest in your enlightenment; it pays the highest life dividends.

Charity is a kind of capital investment for the soul that pays real dividends in your life and in the quality of all life.

Many times, organizations are unclear about what decisions they need to make or what they need to learn. Investing time upfront in clarifying a focal issue will pay dividends in keeping the activity focused and relevant.

You might as well award him a PhD in grunt work, dead ends, and paper filing. But once in a beautiful while, wisdom gained through frustration pays dividends.

TWO AND A HALF CENTURIES AGO, Amsterdam was the world’s commercial center, but many of its wealthy merchants were reeling from one of the world’s first financial crises. The shares of the British East India Company had collapsed, culminating in a series of bank failures, government bailouts, and ultimately nationalization, a debacle that rippled across the continent’s nascent markets. For a little-known Dutch merchant and stockbroker, it proved the inspiration for an idea ahead of its time. In 1774, Abraham von Ketwich set up a novel, pooled investment trust he called Eendragt Maakt Magt—Dutch for “Unity Creates Strength.” This would sell two thousand shares for five hundred guilders each to individual investors, and invest the proceeds into a diversified portfolio of fifty bonds. These were divided into ten different categories, from plantation loans, bonds backed by Spanish or Danish toll road payments, to an assortment of European government bonds. At the time, bonds were physical certificates written on paper or even goatskin, and these were stored in a solid iron chest with three locks, which could be opened only by Eendragt Maakt Magt’s board and an independent notary. The aim was to pay a 4 percent annual dividend, and disburse the final proceeds only after twenty-five years, hoping that the diversity of the portfolio would protect investors.1 As it turns out, a subsequent Anglo-Dutch war in 1780 and Napoleon’s occupation of Holland in 1795 wreaked havoc on Eendragt Maakt Magt. The annual payments never materialized, and investors didn’t receive their money back until 1824, albeit then receiving 561 guilders a share. Nonetheless, Eendragt Maakt Magt was a brilliant invention that would go on to inspire the birth of investment trusts in Great Britain and eventually the mutual fund we know today. It is also arguably the ultimate intellectual forefather of today’s index funds, given its minimal trading, diversified approach, and low fees, charging a mere 0.2 percent a year.

More than thirty-five years ago Scudder, Stevens & Clark issued a brochure entitled “Monuments Rarely Pay Dividends.” “When a business begins to get stately,” it said, “wise investors quietly get out from under. For monuments rarely pay dividends.

Well, you know that interest is taxed as regular income, so if you put the bond ETF into the investment account, you’ll get taxed on that as if it were salary. But if you put it in the 401(k) and the Roth IRA instead, you get that interest tax-free. Meanwhile, you know that you can make up to $78,750 per married couple in qualified dividends without paying taxes. So if you put that in the regular investment account, you’ll be able to earn those dividends tax-free.

The 9/11 Commission warned that Al Qaeda "could... scheme to wield weapons of unprecedented destructive power in the largest cities of the United States." Future attacks could impose enormous costs on the entire economy. Having used up the surplus that the country enjoyed as part of the Cold War peace dividend, the U.S. government is in a weakened financial position to respond to another major terrorist attack, and its position will be damaged further by the large budget gaps and growing dependence on foreign capital projected for the future. As the historian Paul Kennedy wrote in his book The Rise and Fall of Great Powers, too many decisions made in Washington today "bring merely short-term advantage but long-term disadvantage." The absence of a sound, long-term financial strategy could bring about a deterioration that, in his words, "leads to the downward spiral of slower growth, heavier taxes, deepening domestic splits over spending priorities and a weakening capacity to bear the burdens of defense." Decades of success in mobilizing enormous sums of money to fight large wars and meet other government needs have led Americans to believe that ample funds will be readily available in the event of a future war, terrorist attack, or other emergency. But that can no longer be assumed. Budget constraints could limit the availability or raise the cost of resources to deal with new emergencies. If government debt continues to pile up, deficits rise to stratospheric levels, and heave dependence on foreign capital grows, borrowing the money needed will be very costly. [Alexander] Hamilton understood the risks of such a precarious situation. After suffering through financial shortages, lack of adequate food and weapons, desertions, and collapsing morale during the Revolution, he considered the risk that the government would have difficulty in assembling funds to defend itself all too real. If America remains on its dangerous financial course, Hamilton's gift to the nation - the blessing of sound finances - will be squandered. The U.S. government had no higher obligation that to protect the security of its citizens. Doing so becomes increasingly difficult if its finances are unsound. While the nature of this new brand of warfare, the war on terrorism, remains uncharted, there is much to be gained if our leaders look to the experiences of the past for guidance in responding to the challenges of the future. The willingness of the American people and their leaders to ensure that the nation's finances remain sound in the face of these new challenges - sacrificing parochial interests for the common good - is the price we must pay to preserve the nation's security and thus the liberties that Hamilton and his generation bequeathed us.

The pay and privilege of the captains of industry are now so closely linked to the quarterly dividend that they may find it personally unrewarding to do what is right for the company.

Finally, I had my answer: I could. I could question the narrative I had been taught about myself. I could take a risk and have it pay off in dividends.

The superior performance of the original S&P 500 firms surprises most investors. But value investors (as described in Chapter 12) know that growth stocks often are priced too high, and excitement over their prospects often induces investors to pay too high a price. Profitable firms that do not catch investors’ eyes are often underpriced. If investors reinvest the dividends of such firms, they are buying undervalued shares that will add significantly to their return.

In the same way both Lincoln and the Japanese regard people. These are also a kind of currency. A man is worth what he does. Lincoln upon hearing a new name asks, “What does he do?” Almost never, “What has he done?” Much more often, “What does he want to do?” He invests in people—as do the Japanese, and just as freely, just as openly. People are currency. They pay dividends. Both Lincoln and the Japanese pay high dividends too. The resulting relationship is one of nature’s happiest—symbiosis. Flesh may dazzle, wit may seduce, but not for long. Infatuation over in a matter of minutes, Lincoln wants to know, “Now, what is it that you can do best?” He wants to know because then, to protect his investment, he will put you on the proper road, help you achieve your potential. Often in his own country Lincoln is misunderstood. They do not comprehend that there are rewards for accomplishment but that there is no sympathy for failure. Japan understands well. This most pragmatic of people do not count hopes or intentions as accomplishments. A man is what he does. After his death, he is what he has done.

They’d been trained to make a tangible thing, and to sell the thing for a little more than the thing cost to make, and then to use that profit to pay people, make better things, and slide a little dividend into the pockets of those who’d risked their money to invest in the creation. The idea was pretty simple. But America had come a long way—and had decided the idea was too simple. So,

The earlier you invest in health, the more dividends it pays later.

Chambers et al. conclude that Keynes had no skill as a market timer. By then, however, the man who had started out as a top-down speculator relying upon his “superior knowledge” to forecast the macroeconomic climate, was behaving more like a bottom-up, fundamental investor who sought solid, dividend-paying stocks with good long-term prospects. His gains came from taking large positions in those securities that had financial statement sheets he could understand, and sold products or services he believed he could assess objectively.

Net wages: “It’s not what you make, but what you net” after paying the FIRE sector, basic utilities and taxes. The usual measure of disposable personal income (DPI) refers to how much employees take home after income-tax withholding (designed in part by Milton Friedman during World War II) and over 15% for FICA (Federal Insurance Contributions Act) to produce a budget surplus for Social Security and health care (half of which are paid by the employer). This forced saving is lent to the U.S. Treasury, enabling it to cut taxes on the higher income brackets. Also deducted from paychecks may be employee withholding for private health insurance and pensions. What is left is by no means freely available for discretionary spending. Wage earners have to pay a monthly financial and real estate “nut” off the top, headed by mortgage debt or rent to the landlord, plus credit card debt, student loans and other bank loans. Electricity, gas and phone bills must be paid, often by automatic bank transfer – and usually cable TV and Internet service as well. If these utility bills are not paid, banks increase the interest rate owed on credit card debt (typically to 29%). Not much is left to spend on goods and services after paying the FIRE sector and basic monopolies, so it is no wonder that markets are shrinking. (See Hudson Bubble Model later in this book.) A similar set of subtrahends occurs with net corporate cash flow (see ebitda). After paying interest and dividends – and using about half their revenue for stock buybacks – not much is left for capital investment in new plant and equipment, research or development to expand production.

no point. It's hopeless!" Henry twisted in Tony's grip, wild enough to break free. Perhaps their weekly fencing sessions had begun paying dividends of strength and agility. That, or his fury was borne of true desperation, not just another boyish disappointment. "Henry." The word filled the kitchen, echoing off tiled floors, gleaming countertops, and a multitude of copper pots and pans, relics from his grandmother's day. How long had it been since a child threw a tantrum in Wellegrave House's preternaturally serene kitchen? So long Tony could practically

As you know, not all relationships are the same. Some need more nurturing than others.  Rather than leave this to chance, a thoughtful, intentional way to build professional relationships will pay dividends.

Questions to ask when analyzing a business Business - How does the company make money? - Does it seem like it should be a good business? Is it competitive? Do suppliers have too much power? Do customers value the product? Are there substitutes? - Without looking at financials, how does the company seem like it has done against competitors in its industry in terms of executing on its vision? - What reputation does the management team have? Do they seem honest? Straightforward? Valuation - What is the company's P/E multiple? Is it high or low for its industry? For the overall market right now? Why might the stock be trading at this valuation? - What is the company's free-cash flow yield? Is this a relevant metric given the stage the company is in? How does it compare to similar companies? - Is the company growing faster or more slowly than other companies with similar multiples? - Based on the number alone, does the company seem to have a rich valuation or a cheap valuation? Why might this be the case? Financials - What has been the trajectory of revenue growth over the past ten years? Why? What is it expected to do in the future? - How has the company's industry been growing? Is the company gaining or losing share in its industry? - What is the company’s level of profit margins? How does it compare to other companies in its industry? - How have margins varied over the past ten years? Why? - What percentage  of the company's costs are fixed costs versus variable costs? - What is the company's historical return on capital? Why is it high/low? What does this say about the quality of the business? - What is the trend in returns on capital? Why? What does this say about the returns the company will have to make on its future investments? - What is the company's dividend policy? Why? If they are paying no dividend or a small dividend, is there a danger that the company's management will waste shareholder's money? Technical - How have the company's shares performed against the overall market and its industry over the past twelve months? - What seems to be driving this under/over performance? - What key news events are likely to impact the stock in the future? - Do mutual funds and other large institutional investors seem to be buying or selling the shares? Sentiment and Expectations - What are the consensus earnings estimates for the next quarter and year? Do they seem aggressive or conservative? - Does consensus opinion seem overly bullish or bearish about the company's future prospects? - What insight do you have that the market might be missing that will cause the shares to appreciate?

The love you share with yourself pays immediate and lifelong dividends of peace.

It nevertheless remains true that, in most countries for which long-run data are available, stocks have out-performed bonds – by a factor of roughly five over the twentieth century.9 This can scarcely surprise us. Bonds, as we saw in Chapter 2, are no more than promises by governments to pay interest and ultimately repay principal over a specified period of time. Either through default or through currency depreciation, many governments have failed to honour those promises. By contrast, a share is a portion of the capital of a profit-making corporation. If the company succeeds in its undertakings, there will not only be dividends, but also a significant probability of capital appreciation. There are of course risks, too. The returns on stocks are less predictable and more volatile than the returns on bonds and bills. There is a significantly higher probability that the average corporation will go bankrupt and cease to exist than that the average sovereign state will disappear. In the event of a corporate bankruptcy, the holders of bonds and other forms of debt will be satisfied first; the equity holders may end up with nothing. For these reasons, economists see the superior returns on stocks as capturing an ‘equity risk premium’ – though clearly in some cases this has been a risk well worth taking.

And so Columbus, desperate to pay back dividends to those who had invested, had to make good his promise to fill the ships with gold. In the province of Cicao on Haiti, where he and his men imagined huge gold fields to exist, they ordered all persons fourteen years or older to collect a certain quantity of gold every three months. When they brought it, they were given copper tokens to hang around their necks. Indians found without a copper token had their hands cut off and bled to death.

in truth, success doesn't demand a price. Every step forward pays a dividend.

I have learnt from life and which is most precious to me now is that investment in oneself by way of experiences involving travel, different cultures, personal relationships, community service, good entertainment and the like are far more rewarding than any monetary or asset investment particularly when one is around my age. I am too old to wait for the stock exchange or other similar investments to pay any dividends. I don’t want to while away what time I have left waiting and hoping for a dividend which may never come. I could be dead in the meantime, but the dividends I receive from investing in myself are instantaneous.

His name is C. J. Skender, and he is a living legend. Skender teaches accounting, but to call him an accounting professor doesn’t do him justice. He’s a unique character, known for his trademark bow ties and his ability to recite the words to thousands of songs and movies on command. He may well be the only fifty-eight-year-old man with fair skin and white hair who displays a poster of the rapper 50 Cent in his office. And while he’s a genuine numbers whiz, his impact in the classroom is impossible to quantify. Skender is one of a few professors for whom Duke University and the University of North Carolina look past their rivalry to cooperate: he is in such high demand that he has permission to teach simultaneously at both schools. He has earned more than two dozen major teaching awards, including fourteen at UNC, six at Duke, and five at North Carolina State. Across his career, he has now taught close to six hundred classes and evaluated more than thirty-five thousand students. Because of the time that he invests in his students, he has developed what may be his single most impressive skill: a remarkable eye for talent. In 2004, Reggie Love enrolled in C. J. Skender’s accounting class at Duke. It was a summer course that Love needed to graduate, and while many professors would have written him off as a jock, Skender recognized Love’s potential beyond athletics. “For some reason, Duke football players have never flocked to my class,” Skender explains, “but I knew Reggie had what it took to succeed.” Skender went out of his way to engage Love in class, and his intuition was right that it would pay dividends. “I knew nothing about accounting before I took C. J.’s class,” Love says, “and the fundamental base of knowledge from that course helped guide me down the road to the White House.” In Obama’s mailroom, Love used the knowledge of inventory that he learned in Skender’s class to develop a more efficient process for organizing and digitizing a huge backlog of mail. “It was the number-one thing I implemented,” Love says, and it impressed Obama’s chief of staff, putting Love on the radar. In 2011, Love left the White House to study at Wharton. He sent a note to Skender: “I’m on the train to Philly to start the executive MBA program and one of the first classes is financial accounting—and I just wanted to say thanks for sticking with me when I was in your class.

If, if we get our heads straight about money, I predict that by ad 2000, or sooner, no one will pay taxes, no one will carry cash, utilities will be free, and everyone will carry a general credit card. This card will be valid up to each individual’s share in a guaranteed basic income or national dividend, issued free, beyond which he may still earn anything more that he desires by an art or craft, profession or trade that has not been displaced by automation. (For detailed information on the mechanics of such an economy, the reader should refer to Robert Theobald’s Challenge of Abundance and Free Men and Free Markets, and also to a series of essays that he has edited, The Guaranteed Income. Theobald is an avant–garde economist on the faculty of Columbia University.)

He claimed that he would rather buy stocks under these conditions, because pigs did not pay a dividend. Plus, you have to feed pigs.   Mr.

When a company is paying out more in dividends, it is retaining less in earnings; the book value of equity increases by the retained earnings.

Calculated risk taking will pay huge dividends. How will you ever get to third base with one foot on second? The biggest risk is not taking risks.

Place the needs and wants and the hopes and dreams of your spouse first. Anything and everything you do with and for the other accrues to a common account that pays huge dividends.

I really only love God as much as I love the person I love the least. DOROTHY DAY You can safely assume you’ve created God in your own image when it turns out that God hates all the same people you do. ANNE LAMOTT

An investment in education pays the best dividends that last for generations.

Unlike common stocks, whose dividends and earnings fluctuate with the ups and downs of the company’s business, bonds pay a fixed dollar amount of interest. If the U.S. Treasury offers a $1,000 20-year, 5 percent bond, that bond will pay $50 per year until it matures, when the principal will be repaid. Corporate bonds are less safe, but widely diversified bond portfolios have provided reasonably stable interest returns over time.

Contrarily, for those who invest and then drop out of the game and never pay a single unnecessary cost, the odds in favor of success are awesome. Why? Simply because they own businesses, and businesses as a group earn substantial returns on their capital and pay out dividends to their owners. Yes, many individual companies fail. Firms with flawed ideas and rigid strategies and weak managements ultimately fall victim to the creative destruction that is the hallmark of competitive capitalism, only to be succeeded by others.3 But in the aggregate, businesses grow with the long-term growth of our vibrant economy.

Sometimes quick experiences pay big dividends. You need refreshment and renewal. Don't let yourself become so overwhelmed by your responsibilities that you forget how to nourish yourself with those things that give you a lift.. .like a cup of tea, perhaps? PRAYER Lord, help my spirit to be still and silent before You. I pray that I will carve out time to be with You and enjoy simple pleasures that fill me with happiness and hope and peace. It is good to take time for myself and to nurture my life. I want to give andgive to my family, my job, and to You...guide me toward balance. Lead me to the joy of quiet time and "me" time so I am refreshed and even more prepared to serve and to love. Amen. HEART ACTION Select a way to relax and restore yourself today. Choose an inspiring verse from Scripture and meditate on it while you relax. Your outlook will change dramatically.

We are genuinely customer-centric, we are genuinely long-term oriented and we genuinely like to invent. Most companies are not those things. They are focused on the competitor, rather than the customer. They want to work on things that will pay dividends in two or three years, and if they don’t work in two or three years they will move on to something else. And they prefer to be close-followers rather than inventors, because it’s safer. So if you want to capture the truth about Amazon, that is why we are different. Very few companies have all of those three elements.

If you're planning to invest stocks to generate income, you must look for stocks that offer dividends. Usually, corporations pay dividends to recorded stockholders quarterly.

Invest in companies that pay a dividend

Personally, I like to buy shares on a modest valuation - ideally, say, a dividend yield of 5-6% - and on a single-figure PER. Apart from the obvious attractions of receiving the dividend, the payment of a dividend acts as a significant discipline on the Board of a PLC in that it has to find the cash, each year, to pay those dividends.

Smaller caps, established, profitable, conservative dividend-paying companies, cash positive, or with low levels of debts are for me, preferably having a recognised 'brand' or unique selling point (USP) and preferably also trading internationally.

Blue-chip stocks are a reasonable investment for the elderly investor because they usually pay cash dividends which the retired person may need to live on, and are usually more conservative than other investments, excluding bonds. Holdings in these stocks should be long-term to avoid trading costs and speculation.

Small changes in how much you notice the luck that you would otherwise overlook will have a big influence on the way your life turns out. Those small changes act like compounding interest that pays big dividends on your future decision-making.

Selling problems is, in fact, the investment that pays long-term dividends by making people more ready for particular organizational transitions—and for a world of continuous change in general.

NUGGETS Start with something simple. Ask a range of different pupils tomorrow what they think the rules are. Ask the question, ‘What do we need to stop doing?’ Weed out the practice that is just being done because ‘we have always done it that way’. Take the opportunity to canvass the views of all stakeholders on the three rules. Sincere collaboration at this stage will pay huge dividends further down the track. Tell the parents and encourage them to use the same rules at home. Resist the urge to adopt the platitudes – zero tolerance, non-negotiables, red lines. It might make you feel butch but it makes absolutely no difference to the children. They will make poor choices even if you call them ‘deadly evil behaviours’. Actually, that sounds quite attractive already.

To summarize, a great business will show the following characteristics in its financial statements: Earnings show a smooth upward trend Consistent return on equity (ROE) greater than 20% Consistent return on total capital (ROTC) greater than 15% Long-term debt less than 4 times earnings Pays a dividend and/or buys back stock

want to become wealthier to make them happier. Happiness is a complicated subject because everyone’s different. But if there’s a common denominator in happiness—a universal fuel of joy—it’s that people want to control their lives. The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the highest dividend money pays.

The fact is that when confronted by an emergency, at the very moment when thinking “outside the box” might pay the richest dividends, most of us, most of the time, think very much inside the box, paralyzed by our own expectations of how things should unfold.

You are there to do the strategic thinking; be self-aware and have a growth mindset. But most of all, be aware of your ego and contain it to be of service to others. Work on yourself and it will pay dividends. No one likes a leader who has a big ego. Remember the old saying that ‘People won’t remember what you say, but they’ll always remember how you make them feel.

Contemporaneous notes, as they’re called, assist in fighting what’s known as “memory decay” and may pay dividends at some point if you are being attacked by a coworker and need to document your experiences.

The nine largest banks, which received $125 billion from TARP, were collectively paying dividends of more than $25 billion a year.

Good character is the best insurance that pays good dividends than any insurance covers in the world. Preserve it!

I’d long opposed my predecessor’s signature domestic legislation, laws passed in 2001 and 2003 that changed the U.S. tax code in ways that disproportionately benefited high-net-worth individuals while accelerating the trend of wealth and income inequality. Warren Buffett liked to point out that the law enabled him to pay taxes at a significantly lower rate—proportionate to his income, which came almost entirely from capital gains and dividends—than his secretary did on her salary. The laws’ changes to the estate tax alone had reduced the tax burden for the top 2 percent of America’s richest families by more than $ 130 billion.

Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.

What they did value were things like quality friendships, being part of something bigger than themselves, and spending quality, unstructured time with their children. “Your kids don’t want your money (or what your money buys) anywhere near as much as they want you. Specifically, they want you with them,” Pillemer writes. Take it from those who have lived through everything: Controlling your time is the highest dividend money pays.

Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance

Investing in dividend stocks is one of the best ways to build wealth. The reason it works so well is that you can take the cash from a dividend payment and use it to buy more dividend stocks. Then those dividend stocks will pay you more dividends.

If you want to own individual stocks your portfolio should have a minimum of 10 to 12 stocks. It is never smart to have a larger portion of your retirement funds invested in one stock. No matter how stable that stock looks, we can never be sure of its future. If the money you want to devote to stocks is not enough to buy that many individual shares, then I recommend you focus on dividend-paying ETFs.

Let's say that you buy a dividend stock XYZ at $60 per share that pays you $0.45 every 3 months (quarterly): $0.45 paid 4 times every year is $1.80. That's your annual total in dividends. Now take $1.80 divided by the price that you paid for the stock ($60): $1.80/$60 is 0.03 or 3%. 3% is what we call the stock's “dividend yield.” If you put your money in a savings account, you might make 2% every year.

We get to model Jesus’love in action to our kids. We get to set an example of a servant’s heart. We get to be the hands and feet of Jesus to these little ones. We get to point our kids to Jesus and pour into them in their most formative years. And we get to acknowledge our struggles, admit when we are wrong, and experience their forgiveness. Ultimately, we have the opportunity to show our kids what humble leadership looks like, and that’s powerful stuff! And sometimes we get opportunities to see all that work pay off in big dividends as our kids model Jesus’love right back to us! If you’re feeling the work you are doing is mundane and thankless, picture me leaning in and looking into your eyes right now and saying this: Don’t give up. Press on. Keep loving the people around you wholeheartedly. Keep investing. Keep showing up and leading with humility. It is making a difference—even if you can’t see it right now.

Time to me is a renewable resource that pays infinite dividends when invested in purposed priorities.

When railway companies faltered in the late 1840s, struggling to return 10 per cent on investments, many began to fiddle their books. For example, they treated costs as capital investments rather than as expenses, thereby inflating their profits; and used fresh investments instead of profits to pay out dividends (a strategy now known as a Ponzi scheme, made infamous most recently by Bernie Madoff in 2009).

Improve your strengths and pay less attention to trends and experts who advise you to make irrelevant improvements in areas that add nothing to your pursuit of your vision. For us, this attitude paid dividends.

I helped him pick out some solid utility and infrastructure stocks and funds that pay him dividends in the 6% to 7% range.

A good rule of thumb is to never, ever pay more than 15 years fair rental value for any residence.c This computes out to a 6.7 percent (1/15th) gross rental dividend, or 3.7 percent after taxes, insurance, and maintenance, which is about what you might expect from a mixed portfolio of stocks and bonds.

still pay taxes on dividends regardless of the length of ownership.)

If you want to put money in investment funds, buy a group of closed-end shares at a discount of, say, 10% to 15% from asset value, instead of paying a premium of about 9% above asset value for shares of an open-end company. Assuming that the future dividends and changes in asset values continue to be about the same for the two groups, you will thus obtain about one-fifth more for your money from the closed-end shares.

Another peculiarity in the general position of preferred stocks deserves mention. They have a much better tax status for corporation buyers than for individual investors. Corporations pay income tax on only 15% of the income they receive in dividends, but on the full amount of their ordinary interest income. Since the 1972 corporate rate is 48%, this means that $100 received as preferred-stock dividends is taxed only $7.20, whereas $100 received as bond interest is taxed $48. On the other hand, individual investors pay exactly the same tax on preferred-stock investments as on bond interest, except for a recent minor exemption.

The difference between working on extinction level events and working on longevity is that longevity is guaranteed to give you dividends; guaranteed to have a pay off at some point, perhaps even by accident.

Don’t move to Silicon Valley. Even before 2020, I would have said, “Don’t quit your job, don’t move to SF, don’t pass go, and don’t collect $200 (from VCs).” After all, San Francisco is expensive, traffic-heavy, and not a great place to raise your children—or even a dog. Now, post-COVID, remote work is the new normal, and that means you can stay where you are. Sam Altman, the former CEO of Y Combinator, said that he was “very excited to see SF have to compete with other cities.” Me too. Not only is it cheaper and less competitive to build your company in a smaller town or city, but it’s also better for the local community, which as we’ve learned can pay dividends for your business.

The only thing worse than a job you don't like is one that pays well enough and keep you stuck.

The only thing worse than a job you don't like is one that pays well enough to drown you in money illusion.

The point is that market returns are determined by both investment factors—the fundamentals of the initial dividend yield on stocks plus the rate at which their earnings grow—and by speculative factors— the change in the price that investors will pay for each $1 of corporate earnings.

Here are some examples of where you might be paying Trust Taxes or earning Trust Dividends:

Kindness costs us nothing and pays exponential dividends.

Originating at the top, simplification requires a leadership quality that’s often in short supply: courage. It requires a leap of faith, the belief that freeing people to do higher-level thinking will pay back dividends. And it requires a mindset—the will, foresight, and fortitude to push simplicity through. Do you as a leader have these things? If not, why not?

What if I flew Nenny’s daughter to Thailand and put her in school and then Nenny quit? It certainly could happen. I’ve also heard that paying for an employee’s child’s education is not a good use of company money. I don’t see it this way. How many things do we as business owners invest in for the long term believing they will return big dividends?

The opposition between women who are people and women who are something less does not only rest in the vague contrast between the women of the comedies and the women of the tragedies. There are more explicit examples of women who may earn love, like Helena who pursued her husband through military brothels to marriage and honour in All’s Well, and women who must lose it through inertia and gormlessness, like Cressida. In The Taming of the Shrew Shakespeare contrasted two types in order to present a theory of marriage which is demonstrated by the explicit valuation of both kinds of wooing in the last scene. Kate is a woman striving for her own existence in a world where she is a stale, a decoy to be bid for against her sister’s higher market value, so she opts out by becoming unmanageable, a scold. Bianca has found the women’s way of guile and feigned gentleness to pay better dividends: she woos for herself under false colours, manipulating her father and her suitors in a perilous game which could end in her ruin. Kate courts ruin in a different way, but she has the uncommon good fortune to find Petruchio who is man enough to know what he wants and how to get it. He wants her spirit and her energy because he wants a wife worth keeping. He tames her like he might a hawk or a high-mettled horse, and she rewards him with strong sexual love and fierce loyalty. Lucentio finds himself saddled with a cold, disloyal woman, who has no objection to humiliating him in public. The submission of a woman like Kate is genuine and exciting because she has something to lay down, her virgin pride and individuality: Bianca is the soul of duplicity, married without earnestness or good-will. Kate’s speech at the close of the play is the greatest defence of Christian monogamy ever written. It rests upon the role of a husband as protector and friend, and it is valid because Kate has a man who is capable of being both, for Petruchio is both gentle and strong (it is a vile distortion of the play to have him strike her ever). The message is probably twofold: only Kates make good wives, and then only to Petruchios; for the rest, their cake is dough.

Paying attention to how to use your words more effectively and efficiently will make you a more productive communicator overall. The training that contributing to free and open source software provides in how to communicate effectively and efficiently will pay dividends throughout your career.

The same rule of self-destructive financial calculation governs every walk of life. We destroy the beauty of the countryside because the un-appropriated splendors of nature have no economic value. We are capable of shutting off the sun and the stars because they do not pay a dividend.

legged exercises like box step-ups, which will pay huge dividends in how your legs will feel churning uphill for hour after hour.

The first stage of forgiveness is the decision not to try to inflict a reciprocal amount of pain on everyone who has caused hurt. When I forgive you, I give up the right to hurt you back.

A man approached J. P. Morgan, held up an envelope, and said, “Sir, in my hand I hold a guaranteed formula for success, which I will gladly sell you for $25,000.” “Sir,” J. P. Morgan replied, “I do not know what is in the envelope; however, if you show me, and I like it, I give you my word as a gentleman that I will pay you what you ask.” The man agreed to the terms and handed over the envelope. J. P. Morgan opened it and extracted a single sheet of paper. He gave it one look, a mere glance, then handed the piece of paper back to the gent. And paid him the agreed-upon $25,000. On the paper… 1. Every morning, write a list of the things that need to be done that day. 2. Do them.

To Aristotle, eudaimonia is not a fleeting positive emotion. Rather, it is something you do. Leading a eudaimonic life, Aristotle argued, requires cultivating the best qualities within you both morally and intellectually and living up to your potential. It is an active life, a life in which you do your job and contribute to society, a life in which you are involved in your community, a life, above all, in which you realize your potential, rather than squander your talents. Psychologists have picked up on Aristotle’s distinction. If hedonia is defined as “feeling good,” they argue, then eudaimonia is defined as “being and doing good”—and as “seeking to use and develop the best in oneself” in a way that fits with “one’s deeper principles.” It is a life of good character. And it pays dividends. As three scholars put it, “The more directly one aims to maximize pleasure and avoid pain, the more likely one is to produce instead a life bereft of depth, meaning, and community.” But those who choose to pursue meaning ultimately live fuller—and happier—lives. It’s difficult, of course, to measure a concept like meaning in the lab, but, according to psychologists, when people say that their lives have meaning, it’s because three conditions have been satisfied: they evaluate their lives as significant and worthwhile—as part of something bigger; they believe their lives make sense; and they feel their lives are driven by a sense of purpose.