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To make an exceptional living with a career as a writer, you need multiple sources of writing income to sustain lifelong earnings. Never depend on only one origin of income as a novelist.
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Chris Mentillo
“
Never depend on single income. Make investment to create a second source.
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Warren Buffett
“
Remain independent of any source of income that will deprive you of your personal liberties.
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Texas Bix Bender (Don't Squat With Yer Spurs On!: A Cowboy's Guide to Life)
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Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be.
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Thomas J. Stanley (The Millionaire Next Door: The Surprising Secrets of America's Wealthy)
“
The larger question for the Northwest, where the cities are barely a hundred years old but contain three-fourths of the population, is whether the wild land can provide work for those who need it as their source of income without being ruined for those who need it as their source of sanity.
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Timothy Egan (The Good Rain: Across Time and Terrain in the Pacific Northwest (Vintage Departures))
“
But I was 22 when I started this job, and you know what? Sometimes it really is okay to just have a fucking job. Not a passion, not a career, but a steadfast source of bi-weekly income deposited directly into a checking account from which food, and medicine, and apps one totally forgot about having downloaded will be paid for.
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Samantha Irby (We Are Never Meeting in Real Life.)
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England is not the jewelled isle of Shakespeare's much-quoted message, nor is it the inferno depicted by Dr Goebbels. More than either it resembles a family, a rather stuffy Victorian family, with not many black sheep in it but with all its cupboards bursting with skeletons. It has rich relations who have to be kow-towed to and poor relations who are horribly sat upon, and there is a deep conspiracy of silence about the source of the family income. It is a family in which the young are generally thwarted and most of the power is in the hands of irresponsible uncles and bedridden aunts. Still, it is a family. It has its private language and its common memories, and at the approach of an enemy it closes its ranks. A family with the wrong members in control - that, perhaps is as near as one can come to describing England in a phrase.
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George Orwell (Why I Write)
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Marriage is not mainly about prospering economically; it is mainly about displaying the covenant-keeping love between Christ and his church. Knowing Christ is more important than making a living. Treasuring Christ is more important than bearing children. Being united to Christ by faith is a greater source of marital success than perfect sex and double-income prosperity.
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John Piper (This Momentary Marriage: A Parable of Permanence)
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When women enjoy their own sources of income, and the state guarantees social security in old age, illness, and disability, women have no economic reason to stay in abusive, unfulfilling, or otherwise unhealthy relationships.
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Kristen R. Ghodsee (Why Women Have Better Sex Under Socialism: And Other Arguments for Economic Independence)
“
Businesses, like people, should have multiple sources of income.
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Hendrith Vanlon Smith Jr.
“
Make no mistake, the privatization of prisons is less about unburdening taxpayers than it is about providing bankrupt communities with sources of income and especially about providing corporations with a captured population available for unpaid labor.
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Toni Morrison (The Source of Self-Regard: Selected Essays, Speeches, and Meditations)
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Using the power of decision gives you the capacity to get past any excuse to change any and every part of your life in an instant. It can change your relationships, your working environment, your level of physical fitness, your income, and your emotional states. It can determine whether you’re happy or sad, whether you’re frustrated or excited, enslaved by circumstances, or expressing your freedom. It’s the source of change within an individual, a family, a community, a society, our world.
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Anthony Robbins (Awaken the Giant Within: How to Take Immediate Control of Your Mental, Emotional, Physical and Financial Destiny!)
“
I held on to those other sources of income for so long because I never wanted to burden my writing with the responsibility of paying for my life.
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Elizabeth Gilbert (Big Magic: Creative Living Beyond Fear)
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When you allow your entire life to be based around your source of income, you are allowing your entire life to crumble at the loss of that source.
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Shanna Star (Your Career does not Define You: It Merely Defines how You Support Yourself)
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Is this the only way she makes her money?” I asked Officer McCaffrey. As far as he knew, deceit was her sole source of income.
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Rachel DeLoache Williams (My Friend Anna)
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Bad business should be done without guilt if it is a source of income.
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Michael Bassey Johnson (Classic Quotations From The Otherworlds)
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She was going to lose her visa and her only source of income and move back to Canada, where it snowed all the time and people ate moose heart and—
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Ali Hazelwood (The Love Hypothesis)
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Hence the uselessness of logic: no one ever convinced anybody by logic; and even logicians use logic only as a source of income. To convince a man, you must appeal to his self-interest, his desires, his will.
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Will Durant (The Story of Philosophy)
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When considering the acquisition of new sources of revenue, the business must account for the costs that must be incurred prior to the acquisition, and the costs associated with the maintenance of that source of revenue.
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Hendrith Vanlon Smith Jr.
“
But the ruined South—the war had cost it $13.6 billion—wanted its cotton, its only source of income and still the nation’s major export commodity, amounting to nearly two-thirds of U.S. exports by 1889 and three-quarters of the world’s supply.11
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Myron Magnet (Clarence Thomas and the Lost Constitution)
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The personality is seldom, in the beginning, what it will be later on. For this reason the possibility of enlarging it exists, at least during the first half of life. The enlargement may be effected through an accretion from without, by new vital contents finding their way into the personality from outside and being assimilated. In this way a considerable increase of personality may be experienced. We therefore tend to assume that this increase comes only from without, thus justifying the prejudice that one becomes a personality by stuffing into oneself as much as possible from outside. But the more assiduously we follow this recipe, and the more stubbornly we believe that all increase has to come from without, the greater becomes our inner poverty. Therefore, if some great idea takes hold of us from outside, we must understand that it takes hold of us only because something in us responds to it and goes out to meet it. Richness of mind consists in mental receptivity, not in the accumulation of possessions. What comes to us from outside, and, for that matter, everything that rises up from within, can only be made our own if we are capable of an inner amplitude equal to that of the incoming content. Real increase of personality means consciousness of an enlargement that flows from inner sources. Without psychic depth we can never be adequately related to the magnitude of our object. It has therefore been said quite truly that a man grows with the greatness of his task. But he must have within himself the capacity to grow; otherwise even the most difficult task is of no benefit to him. More likely he will be shattered by it…
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C.G. Jung
“
As the Knights expanded over the continent—especially after 1885, when they won a major nationwide strike against Jay Gould’s railroad company—worker cooperatives followed in their wake, at least 334 of them between 1880 and 1888 (according to one study),164 in 35 of the 38 states. Many were a response to the depression of 1883–85, when wages were cut an average 15 percent, causing workers to look to other sources for income.165
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Chris Wright (Worker Cooperatives and Revolution: History and Possibilities in the United States)
“
It wasn’t my intent to make you lose your employment.”
Rose waved her hand. “No need to be so modest. You planned it all out brilliantly--getting me fired, cutting off my only source of income, all the while positioning yourself as my hero and savior.”
Declan’s eyebrows came together. “That is brilliant. I wish I would’ve thought of it. Alas, I was simply being charitable to a fellow human being. Brad needed to talk. All I could do was lend him a willing ear.”
Declan the Good Samaritan. She grinned. “You also generously lent him your fist.”
“Well, you didn’t expect me to slap him with an open hand. One simply doesn’t.” Declan smiled back.
”
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Ilona Andrews (On the Edge (The Edge, #1))
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NeXT and making Jobs its CEO. In the spoof Mike Markkula asked Jobs, “Do you want to spend the rest of your life selling UNIX with a sugarcoating, or change the world?” Jobs responded, “Because I’m now a father, I needed a steadier source of income.” The release noted that “because of his experience at Next, he is expected to bring
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Walter Isaacson (Steve Jobs)
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And given that my proposal were carried into effect, the only novelty in it is that, just as the individual in acquiring the ownership of a gang of slaves finds himself at once provided with a permanent source of income, so the state, in like fashion, should possess herself of a body of public slaves, to the number, say, of three for every Athenian citizen.
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Xenophon (On Revenues)
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The time to develop a multiple income source strategy is not when you run out of money.
Then it will be too late.
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Seth Godin (The Bootstrapper's Bible: How to Start and Build a Business With a Great Idea and (Almost) No Money)
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Never depend on a single income. Make Investments to create a second source.” - Warren Buffet
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Archie Lee
“
Defining freedom in different ways (reducing expectations, increasing sources of income so no one source controls you).
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James Altucher (Reinvent Yourself)
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Remember the three investment strategies: Protect your income; Earn income; Grow your money.
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Andrea Plos (Sources of Wealth)
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Table 1-1 Sources of Private Contributions: 2011 Source of Income Amount of Total Giving in Billions Percentage of Total Giving Individuals $217.79 73% Foundations $41.67 14% Bequests $24.41 8% Corporations $14.55 5% Total $298.42 100% Source: Giving USA: The Annual Report on Philanthropy for the Year 2011 (2012). Chicago: Giving USA Foundation. Fundraising for fun and profit
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Stan Hutton (Nonprofit Kit For Dummies)
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Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be. For
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Thomas J. Stanley (The Millionaire Next Door: The Surprising Secrets of America's Wealthy)
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If you call yourself an entrepreneur but you haven’t created a stable job for yourself in the context of your business - you’re not an entrepreneur, you’re an unemployed person with sporadic sources of income.
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Hendrith Vanlon Smith Jr.
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Hitler’s royalties—his chief source of income from 1925 on—were considerable when averaged over those first seven years. But they were nothing compared to those received in 1933, the year he became Chancellor. In his first year of office Mein Kampf sold a million copies, and Hitler’s income from the royalties, which had been increased from 10 to 15 per cent after January 1, 1933, was over one million marks (some $300,000), making him the most prosperous author in Germany and for the first time a millionaire.* Except for the Bible, no other book sold as well during the Nazi regime, when few family households felt secure without a copy on the table. It was almost obligatory—and certainly politic—to present a copy to a bride and groom at their wedding, and nearly every school child received one on graduation from whatever school.
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William L. Shirer (The Rise and Fall of the Third Reich: A History of Nazi Germany)
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I took some groceries over to Ross and Lori and their kids. They no longer had any source of income, and they were living like refugees trapped in a town that treated them as if they had the plague. No work, no money, no food, so I would try to help when I could. My dad had taught me that when you help others, you are really helping yourself, and it gave my spirits a boost to see the family hang tough while the FLDS tried to crush them.
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Sam Brower (Prophet's Prey: My Seven-Year Investigation into Warren Jeffs and the Fundamentalist Church of Latter-Day Saints)
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By comparing various available sources, it is possible to estimate that the upper decile’s share slightly exceeded 50 percent of US national income on the eve of the financial crisis of 2008 and then again in the early 2010s.
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Thomas Piketty (Capital in the Twenty-First Century)
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with that characteristic touch of late-Romanov rashness, the government, by ukase of August 22, extended prohibition for the duration of the war. As the sale of vodka was a state monopoly, this act at one stroke cut off a third of the government’s income. It was well known, commented a bewildered member of the Duma, that governments waging war seek by a variety of taxes and levies to increase income, “but never since the dawn of history has a country in time of war renounced the principal source of its revenue.
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Barbara W. Tuchman (The Guns of August)
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The fact that Trump paid no tax came to light when casino regulators issued a public report on his fitness to own a casino. Trump’s tax returns showed negative income. That’s because Congress lets big real estate investors offset their income from salaries, stock market gains, consulting fees, and other income with losses from depreciation in the value of their buildings. If these paper losses for the declining value of their buildings are greater than their cash income from other sources, real estate investors can legally tell the IRS that their income is less than zero and no federal income tax is due. Trump
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David Cay Johnston (The Making of Donald Trump)
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Everything about modern China—from its industrial structure to its food sourcing to its income streams—is a direct outcome of the American-led Order. Remove the Americans and China loses energy access, income from manufactures sales, the ability to import the raw materials to make those manufactures in the first place, and the ability to either import or grow its own food. China absolutely faces deindustrialization and deurbanization on a scale that is nothing less than mythic. It almost certainly faces political disintegration and even de-civilization. And it does so against a backdrop of an already disintegrating demography.
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Peter Zeihan (The End of the World is Just the Beginning: Mapping the Collapse of Globalization)
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Let me remind you again that when you put a book out there, you are a published author in a space where you are an expert. Your book becomes the ultimate business card, not to mention a source of ongoing revenue. Did someone say “ongoing revenue?”. Who does not need to make some extra money on a regular basis? Realize that this book will take some work to complete once, but thereafter it exists forever – working to bring you royalty checks five, ten, twenty years from now. Money will be consistently flowing into your bank account. If you write a good book that provides real value, then you realistically have a revenue stream which will bring income for decades to come.
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Kytka Hilmar-Jezek (Book Power: A Platform for Writing, Branding, Positioning & Publishing)
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The destruction of artisanal industries by colonial trade policies did not just impact the artisans themselves. The British monopoly of industrial production drove Indians to agriculture beyond levels the land could sustain. This in turn had a knock-on effect on the peasants who worked the land, by causing an influx of newly disenfranchised people, formerly artisans, who drove down rural wages. In many rural families, women had spun and woven at home while their men tilled the fields; suddenly both were affected, and if weather or drought reduced their agricultural work, there was no back-up source of income from cloth. Rural poverty was a direct result of British actions.
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Shashi Tharoor (An Era of Darkness: The British Empire in India)
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depending on how much nectar it’s found and how much help it has already recruited, a foraging honeybee flies back to the hive and communicates a status update by waggling figure eights on the walls. These torso wags map the exact location of a food source in relation to the sun, as well as its precise distance from the hive. If there are not enough bees outside the hive to exploit the find, the forager bee adds flourishes such as grabbing a hive mate from above and shaking him all over. Not enough workers in-house to process the flood of incoming nectar? The bee will tremble while moving through the hive “with forelegs held aloft like Saint Vitus dancers,” write the entomologists. Signaling
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Susan Pinker (The Village Effect: Why Face-to-face Contact Matters)
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Because consumption comes from three sources: income, savings, and borrowings. Stating the obvious, income comes only from income. Our point? FairTax opponents will tell you that the consumption base, the base for national sales tax, isn’t stable and can’t be trusted—but in reality it’s the income tax base that’s unstable and can’t be trusted. The consumption base is much more predictable.
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Neal Boortz (FairTax: The Truth: Answering the Critics)
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A very different meaning of equality has emerged in the United States in recent decades—equality of outcome. Everyone should have the same level of living or of income, should finish the race at the same time. Equality of outcome is in clear conflict with liberty. The attempt to promote it has been a major source of bigger and bigger government, and of government-imposed restrictions on our liberty.
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Milton Friedman (Free to Choose: A Personal Statement)
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There was, of course, one other option. Two years earlier Macworld magazine columnist (and former Apple software evangelist) Guy Kawasaki had published a parody press release joking that Apple was buying NeXT and making Jobs its CEO. In the spoof Mike Markkula asked Jobs, “Do you want to spend the rest of your life selling UNIX with a sugarcoating, or change the world?” Jobs responded, “Because I’m now a father, I needed a steadier source of income.” The release noted that “because of his experience at Next, he is expected to bring a newfound sense of humility back to Apple.” It also quoted Bill Gates as saying there would now be more innovations from Jobs that Microsoft could copy. Everything in the press release was meant as a joke, of course. But reality has an odd habit of catching up with satire.
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Walter Isaacson (Steve Jobs)
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But just understand the difference between a man like Reardon and a man like me. He is the old type of unpractical artist; I am the literary man of 1882. He won't make concessions, or rather, he can't make them; he can't supply the market. I--well, you may say that at present, I do nothing; but that's a great mistake, I am learning my business. Literature nowadays is a trade. Putting aside men of genius, who may succeed by mere cosmic force, your successful man of letters is your skilful tradesman. He thinks first and foremost of the markets; when one kind of goods begins to go off slackly, he is ready with something new and appetising. He knows perfectly all the possible sources of income. Whatever he has to sell, he'll get payment for it from all sorts of various quarters; none of your unpractical selling for a lump sum to a middleman who will make six distinct profits.
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George Gissing (New Grub Street)
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In 7.81 square miles of vaunted black community, the 850 square feet of Dum Dum Donuts was the only place in the "community" where one could experience the Latin root of the word, where a citizen could revel in common togetherness. So one rainy Sunday afternoon, not long after the tanks and media attention had left, my father ordered his usual. He sat at the table nearest the ATM and said aloud, to no one in particular, "Do you know that the average household net worth for whites is $113,149 per year, Hispanics $6,325, and black folks $5,677?"
"For real?"
"What's your source material, nigger?"
"The Pew Research Center."
Motherfuckers from Harvard to Harlem respect the Pew Research Center, and hearing this, the concerned patrons turned around in their squeaky plastic seats as best they could, given that donut shop swivel chairs swivel only six degrees in either direction. Pops politely asked the manager to dim the lights. I switched on the overhead projector, slid a transparency over the glass, and together we craned our necks toward the ceiling, where a bar graph titled "Income Disparity as Determined by Race" hovered overhead like some dark, damning, statistical cumulonimbus cloud threatening to rain on our collective parades.
"I was wondering what that li'l nigger was doing in a donut shop with a damn overhead projector.
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Paul Beatty (The Sellout)
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Do you have enough money in the bank to make it if everything goes wrong?
If you do, congratulations. Go run your business with focus and with confidence. Stick with the high road and do the things you need to realize your business plan.
If not, donʼt despair. You need an alternate plan. A plan that allows you to spend a percent- age of your time each week on low-risk revenue sources. A way to bring in freelance income while you build your core business.
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Seth Godin (The Bootstrapper's Bible: How to Start and Build a Business With a Great Idea and (Almost) No Money)
“
mark-down, which discounts the selling price to customers and, so long as demand is ‘elastic’, results in increased sales of the product line. However, this is an expensive method of selling products, as it reduces the profit achieved on the products. In fact mark-down is the single largest cost to a fashion retail business after the cost of the products themselves. It is worth remembering at this point that the main – and frequently only – source of income for a fashion retailer is the profit from the sales of its products. Less profit per garment means less income to pay its bills. Furthermore, this tactic is less effective when general trading conditions are poor, as the competition is usually doing the same thing. It is vital then that the fashion retailer knows what its customers want and are expecting. Problems in defining and then keeping up with changing customer needs and expectations are arguably the most important factor in successful selling. Large retail businesses like Marks & Spencer
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Tim Jackson (Mastering Fashion Buying and Merchandising Management (Palgrave Master Series))
“
By comparing various sources of data, moreover, it is possible to estimate that the average income of the parents of Harvard students is currently about $450,000, which corresponds to the average income of the top 2 percent of the US income hierarchy.32 Such a finding does not seem entirely compatible with the idea of selection based solely on merit. The contrast between the official meritocratic discourse and the reality seems particularly extreme in this case. The total absence of transparency regarding selection procedures should also be noted.33
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Thomas Piketty (Capital in the Twenty-First Century)
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The essential ingredients of our propaganda model, or set of news "filters,", fall under the following headings: (1) the size, concentrated ownership, owner wealth, and profit orientation of the dominant mass-media firms; (2) advertising as the primary income source of the mass media; (3) the reliance of the media on information provided by government, business, and "experts" funded and approved by these primary sources and agents of power; (4) "flak" as a means of disciplining the media; and (5) "anticommunism" as a national religion and control mechanism.
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Edward S. Herman (Manufacturing Consent: The Political Economy of the Mass Media)
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My research shows that improving the quality of education is a cost-free way to raise prosperity. it's cost-free because it reinforces so many of the other things we need to keep the virtuous cycle rolling that, ultimately, the increase in economic benefits far outstrips the cost of the investment. Education brings more people into the comfort zone of higher income, which increases trust, then causes people to demand better government, which further increases the trust, which further reduces inequality, which increases the pool of those who will get a good education.
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Paul J. Zak (The Moral Molecule: The Source of Love and Prosperity)
“
We had a massive budget shortfall with a structural budget deficit and seemingly no way to close it; the city had been spending at levels way beyond its recurring revenue for years, and the nonrecurring revenue streams were drying up as we entered office, leaving us with no good options. The structural deficit was about $180 million on a roughly $600 million general fund—which meant that if we were to eliminate our debt, we would have to develop or attract new housing and businesses that could generate tax income, identify other sources of revenue, or cut our government by one-third.
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Cory Booker (United)
“
that rotten feeling of antlike industry. There is really no need to belabor the point, since it is obvious to most of us these days that mathematics has taken possession, like a demon, of every aspect of our lives. Most of us may not believe in the story of a Devil to whom one can sell one’s soul, but those who must know something about the soul (considering that as clergymen, historians, and artists they draw a good income from it) all testify that the soul has been destroyed by mathematics and that mathematics is the source of an evil intelligence that while making man the lord of the earth has also made him the slave of his machines. The inner drought, the dreadful blend of acuity in matters of detail and indifference toward the whole, man’s monstrous abandonment in a desert of details, his restlessness, malice, unsurpassed callousness, money-grubbing, coldness, and violence, all so characteristic of our times, are by these accounts solely the consequence of damage done to the soul by keen logical thinking! Even back when Ulrich first turned to mathematics there were already those who predicted the collapse of European civilization because no human faith, no love, no simplicity, no goodness, dwelt any longer in man.
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Robert Musil (The Man Without Qualities)
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Death duties in Harcourt’s time were a comparatively modest 8 percent on estates valued at £1 million or more, but they proved to be such a reliable source of revenue, and so popular with the millions who didn’t have to pay them, that they were raised again and again until by the eve of the Second World War they stood at 60 percent—a level that would make even the richest eyes water. At the same time, income taxes were raised repeatedly and other new taxes invented—the Undeveloped Land Duty, the Incremental Value Duty, the Super Tax—all of which fell disproportionately on those with a lot of land and plummy accents.
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Bill Bryson (At Home: A Short History of Private Life)
“
From Smith's principle that labor is the true measure of price—or, as Warren phrased it, that cost is the proper limit of price—these three men (Josiah Warren, Pierre-Joseph Proudhon and Karl Marx) made the following deductions: that the natural wage of labor is its product; that this wage, or product, is the only just source of income (leaving out, of course, gift, inheritance, etc.); that all who derive income from any other source abstract it directly or indirectly from the natural and just wage of labor; that this abstracting process generally takes one of three forms, interest, rent, and profit; that these three constitute the trinity of usury, and are simply different methods of levying tribute for the use of capital; that, capital being simply stored-up labor which has already received its pay in full, its use ought to be gratuitous, on the principle that labor is the only basis of price; that the lender of capital is entitled to its return intact, and nothing more; that the only reason why the banker, the stockholder, the landlord, the manufacturer, and the merchant are able to exact usury from labor lies in the fact that they are backed by legal privilege, or monopoly; and that the only way to secure to labor the enjoyment of its entire product, or natural wage, is to strike down monopoly.
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Frank H Brooks (The Individualist Anarchists: Anthology of Liberty, 1881-1908)
“
Think of progressives as a species of religious fundamentalists planning a redemption. Like fundamentalists, they look at the world as fallen – a place corrupted by racism, sexism and class division. But the truly religious understand that we are the source of corruption and that redemption is only possible through the work of a Divinity. In contrast, progressives see themselves as the redeemers, which is why they are so dangerous, because they regard those who oppose them as the eternally damned. Progressives are on a mission to create the kingdom of heaven on earth by redistributing income and using the state to enforce politically correct attitudes and practices in everyone’s life.3
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David Kupelian (The Snapping of the American Mind: Healing a Nation Broken by a Lawless Government and Godless Culture)
“
If only something would happen. Something being the revelation that transfigures existence; works a miraculous presto-chango upon the mundane mortal world - turning the toads and cockroaches back into handsome princes, the Clark Kents into Superman - that calls unexpectedly up on the phone and says: "your name has just been picked from a hat, like a rabbit, and we're giving you a million dollars", - or that announces in a sudden telegram: "Congratulations! Lady Rockerfeller has just died and left you several estates and an enchanted sources of continual private income". But instead, day after day, there are hardboiled eggs instead of frogs legs for breakfast, and doubts and worries buzz and sting like the evils in Pandora's box.
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Sylvia Plath (The Journals of Sylvia Plath)
“
The deeper historical sources of the Great Inquisition are best revealed by the other enthusiasms of its devotees: hatred of Franklin D. Roosevelt, implacable opposition to New Deal reforms, desire to banish or destroy the United Nations, anti-Semitism, Negrophobia, isolationism, a passion for the repeal of the income tax, fear of poisoning by fluoridation of the water system, opposition to modernism in the churches. McCarthy’s own expression, “twenty years of treason,” suggested the long-standing grievances that were nursed by the crusaders, though the right-wing spokesman, Frank Chodorov, put it in better perspective when he said that the betrayal of the United States had really begun in 1913 with the passage of the income-tax amendment.
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Richard Hofstadter (Anti-Intellectualism in American Life)
“
Income is not distributed. It is directly earned in accordance with its value to others and in the light of competition from other available sources of the same services. To advocate a policy of income “redistribution” is to advocate not merely a change in statistical outcomes but a more profound change in the whole process by which people receive pay. The word “redistribution” is very deceptive insofar as it implies that we simply have distribution A today and should change to distribution B in the future. We are talking about collectivizing and politicizing the economic level of each individual. Such a massive institutional change should stand or fall on its own merits, not be quietly drifted into by soothing words or an innocuous prefix like “re-”.
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Thomas Sowell (The Quest for Cosmic Justice)
“
It is interesting to note that in nearly all the economics courses it is taught that the income tax is the proper instrument for the regulation of the country’s economy; that private property is not an inalienable right (in fact, there are no inalienable rights); that the economic ills of the country are traceable to the remnants of free enterprise; that the economy of the nation can be sound only when the government manages prices, controls wages, and regulates operations. This was not taught in the colleges before 1913. Is there a relationship between the results of the income tax and the thinking of the professors? There is now a strong movement in this country to bring the publicschool system under federal domination. The movement could not have been thought of before the government had the means for carrying out the idea; that is, before income taxation. The question is, have those who plug for nationalization of the schools come to the idea by independent thought, or have they been influenced by the bureaucrats who see in nationalization a wider opportunity for themselves? We must lean to the latter conclusion, because among the leaders of the movement are many bureaucrats. However, if the movement is successful, if the schools are brought under the watching eye of the federal government, it is a certainty that the curriculum will conform to the ideals of Big Government. The child’s mind will never be exposed to the idea that the individual is the one big thing in the world, that he has rights which come from a higher source than the bureaucracy. Thus, the immunities of property, body and mind have been undermined by the Sixteenth Amendment. The freedoms won by Americans in 1776 were lost in the revolution of 1913.
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Frank Chodorov (The Income Tax: Root of All Evil)
“
With this definition of “evil” in mind, it is the purpose of this book to show that many laws and governmental practices are impregnated with it, and to trace this wholesale infringement of our rights to the power acquired by the federal government in 1913 to tax our incomes—the Sixteenth Amendment. That is the “root.” Furthermore, proof will be offered to support the proposition that the “evil” has reached the point where the doctrine of natural rights has been all but abrogated in fact, if not in theory. As a consequence, the kind of government we are acquiring is distinctly different from that envisaged by the Founding Fathers; it is fast becoming a government that conceives itself to be the source of rights, which it gives and can recall at its own pleasure. The transformation is not yet complete, but it will be seen as we go along that completion is not far off—if nothing is done to prevent it.
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Frank Chodorov (The Income Tax: Root of All Evil)
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The immorality of those families whose children are burnt alive on motor ways. They have money heaped on them by social welfare institutions and they go and spend it on consumer goods, which the right-thinking regard as sordid. But they have never had to see their kids die before they could buy a car and, hence, have never felt the need to send them off for inexpensive holidays on those coaches which, as if by chance, always have fatal accidents. The immorality of those who eat their children in hard cash merely corre sponds to the immorality of the social institution which recompenses their death.
Everything in this vicious circle is abject: chance, which kills the poorest children, social charity which turns their deaths into a source of income, the parents who benefit from it to enjoy a short spell of wealth and decent society which stigma tizes them, for rumour does not condemn them at all for their indiscreet behaviour but for not handling the money rationally by putting it in the bank, for example, but instead spending it unscrupulously, thus verifying that they were indeed the victims of a divine justice. The whole of the social is there in its logical abjection. It is the poor who die and it is they who deserved to. It is this mediocre truth, this mediocre fatality which we know as 'the social'. Which amounts to saying that it only exists for its victims. Wretched in its essence, it only affects the wretched. It is itself a disinherited concept and it can only serve to render destitution complete. Nietzsche is right: the social is a concept, a value made by slaves for their own use, beneath the scornful gaze of their masters who have never believed in it. This can be clearly seen in all the so-called social reforms which inescapably turn against the intended beneficiaries. The reforms strike those whom they should save. This is not a perverse effect. Nature herself conforms to this willingly and catastrophes have a preference for the poor. Has a catastrophe ever been seen which directly strikes the rich - apart perhaps from the burial of Pompeii and the sinking of the Titanic ?
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Jean Baudrillard (Cool Memories)
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Much of the so-called environmental movement today has transmuted into an aggressively nefarious and primitive faction. In the last fifteen years, many of the tenets of utopian statism have coalesced around something called the “degrowth” movement. Originating in Europe but now taking a firm hold in the United States, the “degrowthers,” as I shall characterize them, include in their ranks none other than President Barack Obama. On January 17, 2008, Obama made clear his hostility toward, of all things, electricity generated from coal and coal-powered plants. He told the San Francisco Chronicle, “You know, when I was asked earlier about the issue of coal . . . under my plan of a cap and trade system, electricity rates would necessarily skyrocket. . . .”3 Obama added, “. . . So if somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them because they’re going to be charged a huge sum for all the greenhouse gas that’s being emitted.”4 Degrowthers define their agenda as follows: “Sustainable degrowth is a downscaling of production and consumption that increases human well-being and enhances ecological conditions and equity on the planet. It calls for a future where societies live within their ecological means, with open localized economies and resources more equally distributed through new forms of democratic institutions.”5 It “is an essential economic strategy to pursue in overdeveloped countries like the United States—for the well-being of the planet, of underdeveloped populations, and yes, even of the sick, stressed, and overweight ‘consumer’ populations of overdeveloped countries.”6 For its proponents and adherents, degrowth has quickly developed into a pseudo-religion and public-policy obsession. In fact, the degrowthers insist their ideology reaches far beyond the environment or even its odium for capitalism and is an all-encompassing lifestyle and governing philosophy. Some of its leading advocates argue that “Degrowth is not just an economic concept. We shall show that it is a frame constituted by a large array of concerns, goals, strategies and actions. As a result, degrowth has now become a confluence point where streams of critical ideas and political action converge.”7 Degrowth is “an interpretative frame for a social movement, understood as the mechanism through which actors engage in a collective action.”8 The degrowthers seek to eliminate carbon sources of energy and redistribute wealth according to terms they consider equitable. They reject the traditional economic reality that acknowledges growth as improving living conditions generally but especially for the impoverished. They embrace the notions of “less competition, large scale redistribution, sharing and reduction of excessive incomes and wealth.”9 Degrowthers want to engage in polices that will set “a maximum income, or maximum wealth, to weaken envy as a motor of consumerism, and opening borders (“no-border”) to reduce means to keep inequality between rich and poor countries.”10 And they demand reparations by supporting a “concept of ecological debt, or the demand that the Global North pays for past and present colonial exploitation in the Global South.”11
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Mark R. Levin (Plunder and Deceit: Big Government's Exploitation of Young People and the Future)
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In exchange for some wide-ranging modifications demanded by the socialist government to the church’s 1929 concordat, Italy agreed to underwrite the remainder of the $406 million settlement.53 The changes to the concordat would have once been unthinkable. The church dropped its insistence that Roman Catholicism be the state religion. Moving forward, the state had to confirm church-annulled marriages. Parents were given the right to opt their children out of formerly mandatory religious education classes. And Rome was no longer considered a “sacred city,” a classification that had allowed the Vatican to keep out strip clubs and the porn industry. Italy even managed to get the church to relinquish control of the Jewish catacombs. “The new concordat is another example of the diminishing hold of the Roman Catholic church in civil life in Italy,” noted The New York Times.54 In return, Italy instituted an“eight-per-thousand” tax, in which 0.8 percent of the income tax paid by ordinary Italians was distributed to one of twelve religious organizations recognized by the state. During its early years, nearly 90 percent of the tax went to the Catholic Church (by 2010, the church received less than 50 percent as the tax was more equitably distributed). Not only did the tax relieve Italy of its responsibility for the $135 million annual subsidy it paid for the country’s 35,000 priests, it meant the church had a steady and reliable source of much needed income.55
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Gerald Posner (God's Bankers: A History of Money and Power at the Vatican)
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Ultimately, the World Top Incomes Database (WTID), which is based on the joint work of some thirty researchers around the world, is the largest historical database available concerning the evolution of income inequality; it is the primary source of data for this book.24 The book’s second most important source of data, on which I will actually draw first, concerns wealth, including both the distribution of wealth and its relation to income. Wealth also generates income and is therefore important on the income study side of things as well. Indeed, income consists of two components: income from labor (wages, salaries, bonuses, earnings from nonwage labor, and other remuneration statutorily classified as labor related) and income from capital (rent, dividends, interest, profits, capital gains, royalties, and other income derived from the mere fact of owning capital in the form of land, real estate, financial instruments, industrial equipment, etc., again regardless of its precise legal classification). The WTID contains a great deal of information about the evolution of income from capital over the course of the twentieth century. It is nevertheless essential to complete this information by looking at sources directly concerned with wealth. Here I rely on three distinct types of historical data and methodology, each of which is complementary to the others.25 In the first place, just as income tax returns allow us to study changes in income inequality, estate tax returns enable us to study changes in the inequality of wealth.26 This
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Thomas Piketty (Capital in the Twenty-First Century)
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As the biggest property owners of the middle ages the Church underwent the same process as the rest of the landed proprietors. In order to use agricultural production as a source of money they ruined the peasant class, seized their common woods and meadows for themselves, and either drove the peasants from the land or squeezed them in the most pitiless manner. Life was no longer easy under the crozier. The growing lust for property led the Church to limit their alms to the poor. Their income in kind, the surplus of which they had earlier gladly given away as they could not consume it themselves, had now become saleable commodities, and the greed for profits that this aroused seized the Church too.
If this made the Church more and more hated by the peasant class, it also failed to win the friendship of the rising bourgeoisie. However much it neglected the care of the poor, it could not give it up entirely without losing its last hold on the masses. To a certain extent it still formed a line of defense against the impoverishment of the masses, whose proletarianization could not be carried through quickly enough, as far as capital was concerned. The propertyless were still not delivered bound hand and foot to capitalist exploitation as long as they received alms, however miserable, from the Church. Moreover the religious holidays were a thorn in the flesh of the burgeoning towns. The more numerous they grew, the more they contradicted the capitalist wisdom according to which the worker does not work to live, but rather lives to work.
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Franz Mehring (Absolutism and Revolution in Germany, 1525-1848)
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The 12 Principles of Permaculture Investing are:
1. Accumulate & Compound Capital: Consistently save and invest to grow your capital base over time, leveraging the power of compound interest.
2. Utilize Capital: Actively deploy your capital into productive investments that generate returns, rather than letting it sit idle.
3. Retain Maximum & Gradiented Liquidity: Maintain a balance between liquid assets (easily accessible cash) and less liquid investments, ensuring you can meet immediate needs while still investing for the long term.
4. Actively Manage Passive: While focusing on passive income sources, actively monitor and adjust your investments to optimize returns and mitigate risks.
5. Prioritize Long-Term Growth: Focus on investments that offer potential for significant growth over the long term, even if they don't provide immediate high yields.
6. Prioritize Consistent Yields: Balance your portfolio with investments that provide reliable, consistent income to support your financial needs.
7. Add Net Value to all Stakeholders: Invest in ways that benefit not only yourself but also the broader community, environment, and all parties involved.
8. Provide Authentic Data: Be transparent and honest in your financial reporting, providing accurate information to all stakeholders.
9. Collect & Utilize Authentic Data: Base your investment decisions on reliable, verified data rather than speculation or rumors.
10. Diversify Holistically: Diversify your investments across different asset classes, industries, and geographical regions to reduce risk and maximize potential returns.
11. Harvest Yields Equitably: Distribute profits fairly among all stakeholders, ensuring everyone benefits from the investment's success.
12. Reinvest Yields in Most Profitable Assets: Continuously evaluate your portfolio and reinvest profits into the most promising opportunities to further compound your growth.
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Hendrith Vanlon Smith Jr.
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You are claiming that the Soviet authorities began and influenced the existence of the Democratic Party [in Iran]. That is the basis of all your statements. The simplest way to discredit your absurd claim si to tell you about Iran, of which you are apparently ignorant. The people of Iran are oppressed, poverty-stricken, and miserable with hunger and disease. Their death rate is among the highest in the world, and their infant mortality rate threatens Iran with complete extinction. They are ruled without choice by feudalistic landowners, ruthless Khans, and venal industrialists. The peasants are slaves and the workers are paid a few pennies for a twelve hour day--not enough to keep their families in food. I can quote you all the figures you like to support these statements, quote them if necessary from British sources. I can also quote you the figures of wealth which is taken out of Iran yearly by the Anglo-Iranian Oil Company, of which the British Governemtn is the largest shareholder. 200 million pounds sterling have been taken out of Iran by your Oil company: a hundred times the total amount of Iran's national income and ten thousand times the total national income of the working people of Iran. By such natural resources as oil, Iran is by nature one of the wealthiest countries on earth. That wealth goes to Britain, while Iran remains poverty-ridden and without economic stability at all. It has no wage policies, no real trade unions, few hospitals, no sanitation and drainage, no irrigation, no proper housing, and no adequate road system. Its people have no rights before the law; their franchise in non-existent, and their parliamentary rights are destroyed by the corrupt method of election and political choice. The Iranian people suffer the terrors of a police regime, and they are prey to the manipulations of the grain speculators and the money operators. The racial minorities suffer discrimination and intolerance, and religious minorities are persecuted for political ends. Banditry threatens the mountain districts, and British arms have been used to support one tribe against another. I could go on indefinitely, painting you a picture of misery and starvation and imprisonment and subjection which must shame any human being capable of hearing it. Yet you say that the existence of a Democratic Party in Iran has been created by the Soviet authorities. You underestimate the Iranian people, Lord Essex! The Democratic Party has arisen out of all this misery and subjection as a force against corruption and oppression. Until now the Iranian people have been unable to create a political party because the police system prevented by terror and assassination. Any attempt to organize the workers and peasants was quickly halted by the execution of party leaders and the vast imprisonment of its followers. The Iranian people, however, have a long record of struggle and persistence, and they do not have to be told by the Soviet Union where their interests lie. They are not stupid and they are not utterly destroyed. They still posses the will to organize a democratic body and follow it into paths of Government. The Soviet Union has simply made sure that the police assassins did not interfere.... To talk of our part in 'creating' the democratic movement is an insult to the people and a sign of ignorance. We do not underestimate the Iranian people, and as far as we are concerned the Democratic Party...belongs to the people. It is their creation and their right, and it cannot be broken by wild charges which accuse the Soviet Union of its birth. We did not create it, and we have not interfered in the affairs of Iran. On the contrary, it is the British Government which has interfered continuously and viciously in Iran's affairs.
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James Aldridge (The Diplomat)
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HOW TO DETERMINE IF YOU’RE WEALTHY Whatever your age, whatever your income, how much should you be worth right now? From years of surveying various high-income/ high-net worth people, we have developed several multivariate-based wealth equations. A simple rule of thumb, however, is more than adequate in computing one’s expected net worth. Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be. For example, if Mr. Anthony O. Duncan is forty-one years old, makes $143,000 a year, and has investments that return another $12,000, he would multiply $155,000 by forty-one. That equals $6,355,000. Dividing by ten, his net worth should be $635,500. If Ms. Lucy R. Frankel is sixty-one and has a total annual realized income of $235,000, her net worth should be $1,433,500. Given your age and income, how does your net worth match up? Where do you stand along the wealth continuum
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Thomas J. Stanley (The Millionaire Next Door: The Surprising Secrets of Americas Wealthy)
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As an example of the use of technology in the democratic process, I visualize an election scenario where a candidate files his nomination from a particular constituency. Immediately, the election officer verifies the authenticity from the national citizen ID database through a multipurpose citizen ID card. The candidate’s civic consciousness and citizenship behaviour can also be accessed through the police crime records. The property records come from land registration authorities across the country. Income and wealth resources come from the income tax department, as well as other sources. The person’s education credentials come from his university records. The track record of employment comes from various employers with whom he has worked. The credit history comes from various credit institutions like banks. The person’s legal track records come from the judicial system. All the details arrive at the computer terminal of the election officer within a few minutes through the e-governance software, which would track various state and central government web services directories through the network and collect the information quickly and automatically and present facts in real-time without any bias. An artificial intelligence software would analyse the candidate’s credentials and give a rating on how successful that person would be as a politician. The election officer can then make an informed choice and start the electoral processes.
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A.P.J. Abdul Kalam (The Righteous Life: The Very Best of A.P.J. Abdul Kalam)
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Assign a file or paper tray to collect single-side printed paper for reuse. Boycott paper sourced from virgin forests and reams sold in plastic. Cancel magazine and newspaper subscriptions; view them online instead. Digitize important receipts and documents for safekeeping. Digital files are valid proofs for tax purposes. Download CutePDF Writer to save online files without having to print them. Email invitations or greeting cards instead of printing them (see “Holidays and Gifts” chapter). Forage the recycling can when paper scraps are needed, such as for bookmarks or pictures (for school collages, for example). Give extra paper to the local preschool. Hack the page margins of documents to maximize printing. Imagine a paperless world. Join the growing paperless community. Kill the fax machine; encourage electronic faxing through a service such as HelloFax. Limit yourself to print only on paper that has already been printed on one side. Make online billing and banking a common practice. Nag the kids’ teachers to send home only important papers. Opt out of paper newsletters. Print on both sides when using a new sheet of paper (duplex printing). Question the need for printing; print only when absolutely necessary. In most cases, it is not. Repurpose junk mail envelopes—make sure to cross out any barcode. Sign electronically using the Adobe Acrobat signing feature or SignNow.com. Turn down business cards; enter relevant info directly into a smartphone. Use shredded paper as a packing material, single-printed paper fastened with a metal clip for a quick notepad (grocery lists, errands lists), and double-printed paper to wrap presents or pick up your dog’s feces. Visit the local library to read business magazines and books. Write on paper using a pencil, which you can then erase to reuse paper, or better yet, use your computer, cell phone, or erasable board instead of paper. XYZ: eXamine Your Zipper; i.e., your leaks: attack any incoming source of paper.
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Bea Johnson (Zero Waste Home: The Ultimate Guide to Simplifying Your Life by Reducing Your Waste (A Simple Guide to Sustainable Living))
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Millennials have starkly different expectations. More than 7 in 10 (72%) Millennials do not expect Social Security to be their main source of retirement income. In fact, 42% of Millennials think they will get no retirement income from Social Security at all, as do 35% of Generation Xers. While around 1 in 5 Baby Boomers (22%) say they are already retired, most are not, and their expectations about Social Security are mixed.
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Paul Taylor (The Next America: Boomers, Millennials, and the Looming Generational Showdown)
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These descending sensory pathways originate in the cortex, and their influence can either inhibit or facilitate the sensory input from any area of the body, greatly amplify or suppress altogether any given sensation. Sensory activity within the central nervous system is a Janus head, a two-way stream; signals originating in the brain have just as much to do with conscious sensation as do actual stimulations of the peripheral nerve endings. In fact, it is the descending paths which determine the sensitivity of any particular ascending pathway. The wide varieties of sexual response—among different individuals and within the same individual at different times—provide us with a clear example of this centrifugal influence upon incoming sensations: Depending upon past experiences and the present situation, the same stimulation of the genitals can produce intense ecstasy, bland and neutral sensations, or extreme discomfort. Orgasm can be immediate, or deferred indefinitely. And the imagination alone can produce constant engorgement, utter impotence, and all the degrees of arousal in between. The descending paths can color all kinds of sensory input to this degree. These pathways allow the mind to determine the active threshold for different sensory signals, and make it possible to focus attention upon a single source of input in the midst of many. It is difficult to imagine what practical use our sensory apparatus would be to us without such a mechanism. We would have no way of selecting a voice from all the other sounds around us, of locating specific objects within the swirl of visual impressions, or of retiring from our senses for contemplation and sleep. This centrifugal principle of selectivity is as vital to our appropriate responses to the world as is stimulation itself.
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Deane Juhan (Job's Body: A Handbook for Bodywork)
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Marturano recommended something radical: do only one thing at a time. When you’re on the phone, be on the phone. When you’re in a meeting, be there. Set aside an hour to check your email, and then shut off your computer monitor and focus on the task at hand. Another tip: take short mindfulness breaks throughout the day. She called them “purposeful pauses.” So, for example, instead of fidgeting or tapping your fingers while your computer boots up, try to watch your breath for a few minutes. When driving, turn off the radio and feel your hands on the wheel. Or when walking between meetings, leave your phone in your pocket and just notice the sensations of your legs moving. “If I’m a corporate samurai,” I said, “I’d be a little worried about taking all these pauses that you recommend because I’d be thinking, ‘Well, my rivals aren’t pausing. They’re working all the time.’ ” “Yeah, but that assumes that those pauses aren’t helping you. Those pauses are the ways to make you a more clear thinker and for you to be more focused on what’s important.” This was another attack on my work style. I had long assumed that ceaseless planning was the recipe for effectiveness, but Marturano’s point was that too much mental churning was counterproductive. When you lurch from one thing to the next, constantly scheming, or reacting to incoming fire, the mind gets exhausted. You get sloppy and make bad decisions. I could see how the counterintuitive act of stopping, even for a few seconds, could be a source of strength, not weakness. This was a practical complement to Joseph’s “is this useful?” mantra. It was the opposite of zoning out, it was zoning in. In fact, I looked into it and found there was science to suggest that pausing could be a key ingredient in creativity and innovation. Studies showed that the best way to engineer an epiphany was to work hard, focus, research, and think about a problem—and then let go. Do something else. That didn’t necessarily mean meditate, but do something that relaxes and distracts you; let your unconscious mind go to work, making connections from disparate parts of the brain. This, too, was massively counterintuitive for me. My impulse when presented with a thorny problem was to bulldoze my way through it, to swarm it with thought. But the best solutions often come when you allow yourself to get comfortable with ambiguity. This is why people have aha moments in the shower. It was why Kabat-Zinn had a vision while on retreat. It was why Don Draper from Mad Men, when asked how he comes up with his great slogans, said he spends all day thinking and then goes to the movies. Janice Marturano was on
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Dan Harris (10% Happier)
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you have moments when you won some trophy or award and became Number One for some time, but then your name and fame faded soon? That is because you did not play a long game. You were happy and content with your short-term success and took the eye off the 5-year or 10-year mark. Anyone can win once or twice, but are you making winning a habit? Are you focusing on 10-years’ worth of winning constantly? One of my friends wanted to get into business but did not have courage to leave his job. He was like, ‘Dev, it is difficult for me to quit my job and start my business. I am making 2 laks ($3200) per month, and if I start my business, it will not be able to even make 1 Lakh in next six months.” So, what is the problem here? He is not willing to play a long game, and he is worried about going down temporarily. Have you watched a tiger how he jumps? A tiger will to move back a little or bend its lower body in order to jump high. Even an athlete needs to build the momentum before he releases the javelin or takes a long jump. In life, we must remove the mindset that taking a step back is a terrible thing. At the same time, never be stupid and quit the job without even building a passive source of income or
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Dev Gadhvi (80% MindSet 20% Skills: Life Transformation in 9 Days!)
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Many people report that the greatest fear they face today is the fear of not having enough money to maintain their lifestyle throughout retirement. Does this sound like you?
Social Security is still a vital role in retirement income. The greatest benefit Social Security provides is regular income that is guaranteed to increase over time and continue as long as you live. Keep in mind, Social Security taxes are just that – taxes. As a result, a worker’s retirement security is entirely dependent upon political decisions. Nevertheless, for now, this benefit makes Social Security one of the most valuable sources of income during one’s retirement.
Unfortunately, most Americans do not know much about Social Security. They know even less about how to maximize the benefits that may help sustain them throughout retirement.
Whether you are depending upon Social Security to make a significant impact on your retirement income or just a part of your entire financial portfolio, it would be wise to understand which claiming options are available to get the most out of your Social Security income.
Even in these tough times and volatile markets, we help our clients take a comprehensive approach to their retirement planning. We offer a complimentary service that we call Social Security Maximization or SSI Max. There are hundreds of ways to claim your Social Security, but which one is right for you and your family? One simple mistake or misjudgment of the program can cost you thousands of dollars that you rightfully deserve. Download our free eBook: 4 Myths about Social Security Income to learn a few common misconceptions about Social Security Income.
Find out your SSI Max Strategy
Our team of experts use a proprietary system that links to the government’s official Social Security website. It only takes a few minutes to generate your SSI Max Report. Click here to see a sample report and act quickly to get your very own personalized report. Just schedule a call with me to find out your very own, optimal SSI Max Strategy! Click here to schedule now!
P.S. – Be sure to ask me about including a “Shortfall Analysis” in your report. Our clients are LOVING this feature! Seriously! What is it? Our Advanced Case Design team builds a comprehensive financial plan best suited for your specific situation by considering all of your retirement vehicles. This is, without a doubt, the best retirement planning offer you will see in a very, very long time!
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Annette Wise
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Tax-Deferred does not mean Tax-Free
It never ceases to amaze me when I meet with people who do not know that tax-deferred does not mean tax-free. You mean I have to pay taxes when I take this money!? This is not all mine!? These are common remarks I hear as we are looking at their most recent retirement account statement. Somehow this consideration was missed when they enrolled in the savings plan and each year when they postponed the tax when filing their tax return. I am not a tax professional but I can understand how an accountant or tax preparer wouldn’t think to make sure the client understands that they are postponing taxes and the tax calculation during their working years.
I met an accountant that expressed how difficult it is when he gets the client that believed they were ready to leave work only to find out that because of taxes they are coming up a little or a lot short. This happened to one of my relatives that worked at least 30 years as an x-ray technician and then supervisor at a very large hospital. While working, they always had the nice houses, the nice cars, and a nice upper-middle class lifestyle, nothing fancy. After he retired and even though his wife still worked as a school principal, he had to take a sales clerk job at a nearby liquor store so that his family could maintain their lifestyle. I will never forget other relatives joking and laughing about him miscalculating his retirement. I’m certain that his unsuccessful retirement and that of other relatives influenced my interest in retirement planning if for no one else but me.
With a limited amount of retirement income, most retirees would prefer to keep their dollars rather than give them to Uncle Sam. Even those with an unlimited source of funds don’t want to pay more taxes than necessary. Fortunately, there are some ways to decrease your tax burden once you’ve done the obvious work of ensuring you’ve taken all the deductions and credits to which you’re entitled when you file your taxes.
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Annette Wise
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Your business is your primary source of income. You can’t pay your car payment with page views or buy groceries with likes or cover your house payment with gross rating points. In the end, for an owner/operated businesses like yours–if it doesn’t make a profit, it isn’t worth anything.
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Malcolm Upton (Silver Bullet Marketing: The 11 Essential Elements Of A Money Making Marketing Machine They Don't Teach In School)
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has become increasingly clear to me that one’s capacity for risk-bearing depends importantly upon one’s age and ability to earn income from noninvestment sources. It
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Burton G. Malkiel (A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing)
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Legal obfuscation and amnesty schemes The UPA government is trying to use every trick of the trade to provide escape routes for black money looters. Take, for example, the complex strategy being adopted to change the colour of money from black to white, with a unique ‘Fair and Lovely’ amnesty recipe. The press reported in 2011 that the Central Board of Direct Taxes (CBDT) was “seriously considering” recommending to the government a scheme on the lines of the Voluntary Disclosure of Income Scheme (VDIS) announced in 1996 to bring back black money stashed in tax havens abroad for productive use in India. It is reported that the source of the money will not have to be disclosed, but criminal action will be taken if the money (or the assets) pertain to proceeds of crime. How the two halves of the sentence can be harmonised defies logic. In a democracy, every citizen is entitled to know the character and integrity of every other citizen, lest one day a crook manipulates a constituency of voters and colleagues in his party and occupies the office of prime minister. Concealing vast amounts of money and depriving a poverty-stricken nation of the revenue it badly needs is a criminal offence by itself. How would we find out whether or not one such criminal is already in office, instead of being in Tihar Jail?
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Ram Jethmalani (RAM JETHMALANI MAVERICK UNCHANGED, UNREPENTANT)
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It is an indirect way of tax collection from the tax payers. As the name suggests, tax is deducted at the very source of income generation by the payer itself and then deposited to the Income Tax department on behalf of the taxpayer.
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Jigar Patel (NRI Investments and Taxation: A Small Guide for Big Gains)
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When evaluating a new client for degree of independence, I consider four factors:
1. Emotional issues: Does the person have good resources within himself or herself for coping independently with emotional issues that come up, or does he or she turn to parents not only for advice, but for cues as to how to react to the event in question?
2. Financial issues: Does the adult child earn an adequate living on his or her own, or does he or she rely heavily on parental input for things such as job contacts, supplemental funds, or housing?
3. Practical issues/interactive situations: Can the person manage day-to-day living, finances, nutrition, exercise, and housekeeping?
4. Career/Education issues: Does the person have a rewarding job or career that is commensurate with his or her abilities and offers the potential for further success? Is the person willing to learn new things to increase his or her productivity or compensation?
These are the basic skills of living, many of which are addressed in the social ability questionnaire. Just as there are levels of social functioning, so too there are levels of independent functioning. All three of the following levels describe an adult with some degree of dependency problems. A healthy adult is someone who is independent financially, is able to manage practical and interactive issues, and who stays in touch with family but does not rely almost solely on family for emotional support.
Level 1—Low Functioning
Emotional issues: Lives at home with parent(s) or away from home in a fully structured or supervised environment.
Financial issues: Contributes virtually nothing financially to the running of the household.
Practical issues: Chooses clothes to wear that day, but does not manage own wardrobe (i.e., laundry, shopping, etc.). Relies on family members to buy food and prepare meals. Does few household chores, if any. May try a few tasks when asked, but seldom follows through until the job is finished.
Career/education issues: Is not table to keep a job, and therefore does not earn an independent living. Extremely resistant to learning new skills or changing responsibilities.
Level 2: Moderately functioning
Emotional issues: Lives either at home or nearby and calls home every day. Relies on parents to discuss all details of daily life, from what happened at work or school that day to what to wear the next day. Will call home for advice rather than trying to figure something out for him- or herself.
Financial issues: May rely on parents for supplemental income—parents may supply car, apartment, etc. May be employed by parents at an inflated salary for a job with very few responsibilities. May be irresponsible about paying bills.
Practical issues: Is able to make daily decisions about clothing, but may rely on parents when shopping for clothing and other items. Neglects household responsibilities such as laundry, cleaning and meal planning.
Career/education issues: Has a job, but is unable to cope with much on-the-job stress; job is therefore only minimally challenging, or a major source of anxiety—discussed in detail with Mom and Dad.
Level 3: Functioning
Emotional issues: Lives away from home. Calls home a few times a week, relies on family for emotional support and most socializing. Few friends.
Practical issues: Handles all aspects of daily household management independently.
Financial issues: Is financially independent, pays bills on time.
Career/education issues: Has achieved some moderate success at work. Is willing to seek new information, even to take an occasional class to improve skills.
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Jonathan Berent (Beyond Shyness: How to Conquer Social Anxieties)
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MBA—$30K per year Commit to spending $2,500 per month on testing different “muses” intended to be sources of automated income. See The 4-Hour Workweek or Google “muse examples Ferriss” as a starting point.
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Timothy Ferriss (Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers)
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I had long assumed that ceaseless planning was the recipe for effectiveness, but Marturano's point was that too much mental churning was counterproductive. When you lurch from one thing to the next, constantly scheming, or reacting to incoming fire, the mind gets exhausted. You get sloppy and make bad decisions. I could see how the counterintuitive act of stopping, even for a few seconds, could be a source of strength, not weakness.
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Dan Harris (10% Happier)
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If you have earned money by doing the work you love, you don’t feel the need to buy your joys and pleasures with your income since your job itself is a source of joy for you.
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Awdhesh Singh (31 Ways to Happiness)
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My next goal would be to have the excess cash flow from my assets reinvested into the asset column. The more money that goes into my asset column, the more my asset column grows. The more my assets grow, the more my cash flow grows. And as long as I keep my expenses less than the cash flow from these assets, I grow richer with more and more income from sources other than my physical labor. As this reinvestment process continues, I am well on my way to becoming rich.
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Robert T. Kiyosaki (Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That The Poor And Middle Class Do Not!)
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I held on to those other sources of income for so long because I never wanted to burden my writing with the responsibility of paying for my life. I knew better than to ask this of my writing, because over the years, I have watched so many other people murder their creativity by demanding that their art pay the bills.
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Elizabeth Gilbert (Big Magic: Creative Living Beyond Fear)
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The dealers chosen in the initial years all performed well. However, after some years, with changes in the ministry, the Maruti management and board came under a lot of pressure to accommodate unsuitable persons as dealers. Maruti dealerships were very profitable in those days as there was virtually no competition. The dealer did not have to employ any working capital, and the vehicles commanded a premium. The role of the dealer was virtually that of being a distributor. Naturally, getting a dealership was considered to be a very safe way of making money, and hence became an object of political patronage. While senior ministers like N.D. Tiwari and the late J. Vengal Rao kept away from making recommendations for dealerships, their junior ministers did not exercise the same self-restraint. The common perception was that public sector companies were controlled by the ministry, and ministers therefore had the right to give directions to the management on various matters. A minister probably felt that he would lose face if he were to tell a political supporter that he was unable to direct the management of a public sector firm to do a small thing like award a dealership. Unfortunately, most of the recommendations made were for people who were totally unable to meet the minimum requirements for a dealership. One person who came with a strong recommendation was a ‘social worker’ with no assets and no declared source of income. The inability to award a dealership to him made one minister of state very unhappy. Somehow Vengal Rao heard about this matter. He called me and said that under no circumstances was a dealership to be awarded to this person, as it was not a clean case. Some months later, after Vengal Rao had quit his post, the minister of state ordered an enquiry against me in the Kandla transportation case and the extension of my term as managing director was delayed.
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R.C. Bhargava (The Maruti Story)
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On the downside, there are pretty serious motivational problems, especially among the young. Why go to college and pursue a career when your income is guaranteed for life? Why try and find a job? The casino employs about half of the adults in the tribe, and that’s a constant source of friction. Who gets an easy job and who doesn’t? There’s a lot of infighting and politics involved. But on the whole, the tribe realizes that it has a good thing going. Why rock the boat? Why should anyone worry about me? Why should Wilton help you bring down a crooked judge when everyone might get hurt in the process?
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John Grisham (The Whistler)
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place, where man does not have respect-honour, no sources of income/employment, suitable well wishing friends/ relations, facilities for learning-education, such a place is most unsuitable. It should be left without any delay.
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R.P. Jain (Complete Chanakya Neeti)
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I have worked all my life and believe that women need to be independent. My mum was a good example. When my dad died, we had nothing and she had to start from scratch. That taught me a very important lesson—women must have their own source of income and they must save for their own retirement to be able to take care of themselves.
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Halimah Yacob
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All this conditioning is designed to prepare us for the workforce, where we will be expected to follow the same rules, conform to the same expectations, and perform tasks efficiently without questioning our purpose. Keep in mind that governments make most of their income from employee taxes, so it benefits them by producing employees who will pay taxes and become the income source for the state.
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Adam Rose (9 Money Habits Keeping You Poor: My Story to Financial Freedom (Financial Freedom Toolkit))
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What is Outsourcing?
"Outsourcing" is the short form of the English word Outside Resourcing.
The term outsourcing was first coined around 1989 and was first seen as a business strategy. Later in the 1990s, this subject was included as an important component of business economics. Since then people started to have various interests in outsourcing.
Out means 'Outside' and source means 'Source'.
In other words, the whole meaning of Outsourcing is "to bring work from an external source".
Here are the key aspects of outsourcing:
1. Opportunities: It can encompass a wide range of functions including customer support, information technology services, human resources functions, manufacturing, accounting, marketing, and more.
2. Benefits: Outsourcing offers several benefits including cost savings, access to specialized skills and technology, increased efficiency, scalability, and ability to focus on core competencies.
3. Global Reach: Outsourcing is not restricted by geographical boundaries. That's why companies can engage service providers from around the world to access global talent pools and cost advantages.
4. Types of Outsourcing: Outsourcing can be divided into several categories. Such as Business Process Outsourcing (BPO), Information Technology Outsourcing (ITO), Knowledge Process Outsourcing (KPO), and many more depending on the nature of the service being outsourced.
5. Challenges: Although outsourcing can offer many benefits. It also presents challenges related to data security, communication, cultural differences, and the need for effective management of outsourcing relationships.
6. Outsourcing model: Companies can choose from several outsourcing models, including offshoring (outsourcing to a service provider in another country), nearshoring (outsourcing to a service provider in a nearby country), and onshoring (outsourcing to a service provider within the same country).
Outsourcing means the process of taking the work of an organization or company from an external source. For example – “You Can't find any qualified person within the company to do a job in your company. So you offer some money to an outside freelancer to do the job and he agrees to do the job. Well, that's called outsourcing”.
Simply put, outsourcing is basically the payment you pay a freelancer to do the work they are good at.
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Bhairab IT Zone
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Freelancing and Creativity
In Freelancing, doing a job in different ways is called creativity. The importance of creativity is immense among all that is required for freelancing work because creativity is the main thing of freelancing.
It is difficult to give an exact definition of creativity. Because there is no end to creativity. In the case of some, creativity or the development of creativity begins to manifest naturally, while for some it manifests through talent, practice, and practice.
Creativity is basically a mental process that is the result of positive thinking, perseverance, and high analytical ability.
Just as it takes practice, practice, and dedication to develop this creativity, there is a high chance that this creativity will be wasted if it is not properly used or applied.
Below are the causes of creativity loss and ways to increase Creativity:
** Reasons for loss of Creativity -
1. Lack of focus on work – Creativity does not arise if there is no focus on work, to complete a task properly, there must be focus on it.
2. Irregular sleep – the brain does not work properly if you do not sleep properly, repeated sleep disturbances can also cause many mental problems that hinder creativity.
3. Suffering from indecisiveness – Having too many negative thoughts running through your head while doing a task can also hamper creativity. For example: if the work is going well, if the client likes it, if the client doesn't like it, if the client doesn't pay, etc.
4. Fear of not succeeding at work – Many people rush to work for quick cash income, but it does not work properly or on the contrary, more creativity is lost, which results in payment time problems. As a result, the fear of not succeeding enters the freelancer.
** Ways to Increase Creativity -
1. Dietary discipline – Of course, there is no substitute for healthy eating. Consuming regular meals maintains mental and physical well-being which in turn enhances creativity.
2. Gaining knowledge from nature – Nature is the main source of knowledge. All the sages and poets in the world were worshipers of nature. All of them could see something extraordinary in the ordinary things of this nature. Try to see it that way.
3. From everyday events – notice what is happening around you. You can get new ideas from it, for example, you can get an idea on any subject by reading a book, and new ideas can be invented while watching TV or watching newspaper advertisements.
4. Write down ideas – We all have something going on in our heads all the time, either mainly through thought or sensory processing. So whenever you get an idea, note it down so that you don't forget to read it.
So, creativity is created by the combination of ideas and skills. Freelancing is unthinkable without this creativity because to do freelancing you must have a clear idea about something or acquire full skill in that subject.
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Bhairab IT Zone
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Editor’s introduction:
Welcome our guide on guest blogging in seo. That’s right, send it a spot on profcontent from our friend alex. Alex breaks down everything beginners need to know to start blogging on the web. Take that, Alex.
What is good blogging?
Guest blogging- also referred to as blogging – is the need to contribute to another person’s blog to build relevant exposure, leads and links.
Link are a primary ranking factor in goggle, and seo offer a strong chance of getting a link back from another website, among other marketing considerations in guest blogging.
Guest blogging build a relationship with the blogger hosting your post, connects with the blogger hosting your post, connects with their audience for additional exposure, and helps you build authority among that audience.
The premise is simple: you write a blog article tailored to the needs of a particular blogger and get a backlink in return, What Is Guest Blogging in SEO? A Guide for usually below the article in what’s called an author box.
Blogger are inserted in publishing high- quality content on their blogs that they can use to attract new readers as well as share with their exiting audience. This makes guest blogging a win-win solution for both website owners who want to rank higher in search engines (and need link to do so) and bloggers who want to drive more readers to their blog. Interested in attracting more readers their blog.
Is guest blogging good for bloggers?
The short answer is yes again. As extensive as the blogger is shrewdness and eager to spend time sifting through and excision posts from outside bases, guest blogging can be a great source of valuable content for the blogger’s audience.
An important portion of removal any external role is reviewing the links inside the content Take a look at this (or another) post a bout guest blogging and inbound marketing written by Neil Patel. Almost every paragraph has an external link. You get, Neil knows that links add price to a post by if more material and additional incomes. Be like Neil.
To be on the benign side, examine guest posts for superiority and make sure you only link to superiority websites that add price to the mesh.
To type sure the websites you’re involving to are immobile available, aren’t recurring 404s, or readdressing to dissimilar content.
1.find list of top blogs.
The first step of prospects is pretty obvious: type a phrase like “ top [ industry specific] blogs list” into goggle and review the results.
Opinion all the blogs registered one by one on each sheet in the search fallouts.
Most likely you find great blogs this way, but only a few of them can accept guest articles from contributors.
2. Advanced search with search strings:
Google has many hunt strings to help you find exact happy on the web, which you can syndicate into search If you are novel to this, you can learn extra here or here. If you search for [“keyword” and “write for us”], your results will look like the image under.
3. Shadow people or businesses who actively visitor blog.
One of the best ways to find great guest blogging opportunities is to find other people who consistently contribute quality guest posts to industry- related websites.
Most people and companies share their posts through social media profiles. Once I ran across a twitter profile that was basically sharing their guest posts, so I pretty much grew my list in no time.
Stab this search thread to find sites anywhere a precise person or business published a guest post: “individual name “or” corporation name” “guest column”.
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Sannan
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My family won't last a month without me.' Lucien chuckled, and I gritted my teeth. 'Do you know what it's like to be hungry?' I demanded, anger rising to devour any common sense. 'Do you know what it's like to not know when your next meal will be?'
Tamlin's jaw tightened. 'Your family is alive and well-cared for. You think so low of faeries that you believe I'd take their only source of income and nourishment and not replace it?
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Sarah J. Maas (A Court of Thorns and Roses (A Court of Thorns and Roses, #1))
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Sumo wrestlers, who were probably ronin (samurai with no masters) as they needed to find a source of income, also rose in popularity at this time.
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Captivating History (History of Japan: A Captivating Guide to Japanese History.)
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The nineteenth century brought no improvement in the ethics of capitalism. The Industrial Revolution that swept through Europe enriched the bankers and capital-owners, but condemned millions of workers to a life of abject poverty. In the European colonies things were even worse. In 1876, King Leopold II of Belgium set up a nongovernmental humanitarian organisation with the declared aim of exploring Central Africa and fighting the slave trade along the Congo River. It was also charged with improving conditions for the inhabitants of the region by building roads, schools and hospitals. In 1885 the European powers agreed to give this organisation control of 2.3 million square kilometres in the Congo basin. This territory, seventy-five times the size of Belgium, was henceforth known as the Congo Free State. Nobody asked the opinion of the territory’s 20–30 million inhabitants. Within a short time the humanitarian organisation became a business enterprise whose real aim was growth and profit. The schools and hospitals were forgotten, and the Congo basin was instead filled with mines and plantations, run by mostly Belgian officials who ruthlessly exploited the local population. The rubber industry was particularly notorious. Rubber was fast becoming an industrial staple, and rubber export was the Congo’s most important source of income. The African villagers who collected the rubber were required to provide higher and higher quotas. Those who failed to deliver their quota were punished brutally for their ‘laziness’. Their arms were chopped off and occasionally entire villages were massacred. According to the most moderate estimates, between 1885 and 1908 the pursuit of growth and profits cost the lives of 6 million individuals (at least 20 per cent of the Congo’s population). Some estimates reach up to 10 million deaths.4
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Yuval Noah Harari (Sapiens: A Brief History of Humankind)
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By this time, Ivar and Berning had developed a much cozier relationship. Ivar had given up on getting Berning’s first name right, but at least he addressed letters with an honorific now, as in “My dear Mr Berning.”27 Berning had gotten over the scrubbed trip to Japan, and instead was focused on an upcoming trip to Europe with his wife, at Ivar’s expense. He wrote that “Mrs Berning and I are looking forward with a great deal of anticipation to our visit to Sweden.”28 A.D. Berning’s responses to detailed inquiries from Durant ranged from murky to non-responsive. What, Durant wanted to know, did International Match’s income statement entry of $4,318,827.84 for “income from other sources” represent? Berning cryptically answered that the “other sources” entry “represents all the income of the corporation other than from sales. It includes dividends and interest received on investments, interest received on advances, accounts receivable, etc., profit on exchange and other miscellaneous items.”29 Whatever that meant, it could not have inspired much confidence.
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Frank Partnoy (The Match King: Ivar Kreuger and the Financial Scandal of the Century)
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Mark, at dinner, said he’d been re-reading “Anna Karenina”. Found it good, as novels go. But complained of the profound untruthfulness of even the best imaginative literature. And he began to catalogue its omissions. Almost total neglect of those small physiological events that decide whether day-to-day living shall have a pleasant or unpleasant tone. Excretion, for example, with its power to make or mar the day. Digestion. And, for the heroines of novel and drama, menstruation. Then the small illnesses—catarrh, rheumatism, headache, eyestrain. The chronic physical disabilities—ramifying out (as in the case of deformity or impotence) into luxuriant insanities. And conversely the sudden accessions, from unknown visceral and muscular sources, of more than ordinary health. No mention, next, of the part played by mere sensations in producing happiness. Hot bath, for example, taste of bacon, feel of fur, smell of freesias. In life, an empty cigarette-case may cause more distress than the absence of a lover; never in books. Almost equally complete omission of the small distractions that fill the greater part of human lives. Reading the papers; looking into shops; exchanging gossip; with all the varieties of day-dreaming, from lying in bed, imagining what one would do if one had the right lover, income, face, social position, to sitting at the picture palace passively accepting ready-made day-dreams from Hollywood
Lying by omission turns inevitably into positive lying. The implications of literature are that human beings are controlled, if not by reason, at least by comprehensible, well-organized, avowable sentiments. Whereas the facts are quite different. Sometimes the sentiments come in, sometimes they don’t. All for love, or the world well lost; but love may be the title of nobility given to an inordinate liking for a particular person’s smell or texture, a lunatic desire for the repetition of a sensation produced by some particular dexterity. Or consider those cases (seldom published, but how numerous, as anyone in a position to know can tell!), those cases of the eminent statesmen, churchmen, lawyers, captains of industry—seemingly so sane, demonstrably so intelligent, publicly so high-principled; but, in private, under irresistible compulsion towards brandy, towards young men, towards little girls in trains, towards exhibitionism, towards gambling or hoarding, towards bullying, towards being whipped, towards all the innumerable, crazy perversions of the lust for money and power and position on the one hand, for sexual pleasure on the other. Mere tics and tropisms, lunatic and unavowable cravings—these play as much part in human life as the organized and recognized sentiments. And imaginative literature suppresses the fact. Propagates an enormous lie about the nature of men and women.
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Aldous Huxley (Eyeless in Gaza)