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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
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Never depend on single income. Make investment to create a second source.
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Warren Buffett
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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)
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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))
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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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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)
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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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Businesses, like people, should have multiple sources of income.
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Hendrith Vanlon Smith Jr.
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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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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!)
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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.
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Elizabeth Gilbert (Big Magic: Creative Living Beyond Fear)
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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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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.
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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
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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)
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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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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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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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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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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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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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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)
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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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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)