Stream Of Income Quotes

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I’m a modern man, a man for the millennium. Digital and smoke free. A diversified multi-cultural, post-modern deconstruction that is anatomically and ecologically incorrect. I’ve been up linked and downloaded, I’ve been inputted and outsourced, I know the upside of downsizing, I know the downside of upgrading. I’m a high-tech low-life. A cutting edge, state-of-the-art bi-coastal multi-tasker and I can give you a gigabyte in a nanosecond! I’m new wave, but I’m old school and my inner child is outward bound. I’m a hot-wired, heat seeking, warm-hearted cool customer, voice activated and bio-degradable. I interface with my database, my database is in cyberspace, so I’m interactive, I’m hyperactive and from time to time I’m radioactive. Behind the eight ball, ahead of the curve, ridin the wave, dodgin the bullet and pushin the envelope. I’m on-point, on-task, on-message and off drugs. I’ve got no need for coke and speed. I've got no urge to binge and purge. I’m in-the-moment, on-the-edge, over-the-top and under-the-radar. A high-concept, low-profile, medium-range ballistic missionary. A street-wise smart bomb. A top-gun bottom feeder. I wear power ties, I tell power lies, I take power naps and run victory laps. I’m a totally ongoing big-foot, slam-dunk, rainmaker with a pro-active outreach. A raging workaholic. A working rageaholic. Out of rehab and in denial! I’ve got a personal trainer, a personal shopper, a personal assistant and a personal agenda. You can’t shut me up. You can’t dumb me down because I’m tireless and I’m wireless, I’m an alpha male on beta-blockers. I’m a non-believer and an over-achiever, laid-back but fashion-forward. Up-front, down-home, low-rent, high-maintenance. Super-sized, long-lasting, high-definition, fast-acting, oven-ready and built-to-last! I’m a hands-on, foot-loose, knee-jerk head case pretty maturely post-traumatic and I’ve got a love-child that sends me hate mail. But, I’m feeling, I’m caring, I’m healing, I’m sharing-- a supportive, bonding, nurturing primary care-giver. My output is down, but my income is up. I took a short position on the long bond and my revenue stream has its own cash-flow. I read junk mail, I eat junk food, I buy junk bonds and I watch trash sports! I’m gender specific, capital intensive, user-friendly and lactose intolerant. I like rough sex. I like tough love. I use the “F” word in my emails and the software on my hard-drive is hardcore--no soft porn. I bought a microwave at a mini-mall; I bought a mini-van at a mega-store. I eat fast-food in the slow lane. I’m toll-free, bite-sized, ready-to-wear and I come in all sizes. A fully-equipped, factory-authorized, hospital-tested, clinically-proven, scientifically- formulated medical miracle. I’ve been pre-wash, pre-cooked, pre-heated, pre-screened, pre-approved, pre-packaged, post-dated, freeze-dried, double-wrapped, vacuum-packed and, I have an unlimited broadband capacity. I’m a rude dude, but I’m the real deal. Lean and mean! Cocked, locked and ready-to-rock. Rough, tough and hard to bluff. I take it slow, I go with the flow, I ride with the tide. I’ve got glide in my stride. Drivin and movin, sailin and spinin, jiving and groovin, wailin and winnin. I don’t snooze, so I don’t lose. I keep the pedal to the metal and the rubber on the road. I party hearty and lunch time is crunch time. I’m hangin in, there ain’t no doubt and I’m hangin tough, over and out!
George Carlin
So much in writing depends on the superficiality of one's days. One may be preoccupied with shopping and income tax returns and chance conversations, but the stream of the unconscious continues to flow undisturbed, solving problems, planning ahead: one sits down sterile and dispirited at the desk, and suddenly the words come as though from the air: the situations that seemed blocked in a hopeless impasse move forward: the work has been done while one slept or shopped or talked with friends.
Graham Greene (The End of the Affair)
What sense would it make to classify a man as handicapped because he is in a wheelchair today, if he is expected to be walking again in a month, and competing in track meets before the year is out? Yet Americans are generally given 'class' labels on the basis of their transient location in the income stream. If most Americans do not stay in the same broad income bracket for even a decade, their repeatedly changing 'class' makes class itself a nebulous concept. Yet the intelligentsia are habituated, if not addicted, to seeing the world in class terms.
Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
All incoming bits of information have, simultaneously, a tentacular, optic, and sexual dimension. Its world is not doubtful, but surprising; vampyroteuthic thinking is an unbroken stream of Aristotelian shock.
Vilém Flusser (Vampyroteuthis Infernalis: A Treatise, with a Report by the Institut Scientifique de Recherche Paranaturaliste, Vol. 23)
The popular contemporary wisdom that a liberal arts education is outmoded is true only to the extent that social equality, liberty, and worldly development of mind and character are outmoded and have been displaced by another set of metrics: income streams, profitability, technological innovation.
Wendy Brown (Undoing the Demos: Neoliberalism’s Stealth Revolution (Near Future Series))
Below the bows of the Arrawa a child’s coffin moved onto the night stream. Its paper flowers were shaken loose by the wash of a landing craft carrying sailors from the American cruiser. The flowers formed a wavering garland around the coffin as it began its long journey to the estuary of the Yangtze, only to be swept back by the incoming tide among the quays and mud flats, driven once again to the shores of this terrible city (279).
J.G. Ballard
lenders to trade their long-term income streams for short-term cash. Say
Matt Taibbi (Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America)
I count him braver who overcomes his desires, than him who conquers his enemies, for the hardest victory is the victory over self. ARISTOTLE
Robert G. Allen (Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth!)
Needing to express what it’s like here.... / Trying to digest the incoming stream .... / And dream it all over again.
Jay Woodman
The thalamus is like the old-school switchboard operators who direct a stream of incoming and outgoing calls to the right place.
Rahul Jandial (Life Lessons From A Brain Surgeon: Practical Strategies for Peak Health and Performance)
We are creators in the process of our own evolution. In this way, we are gods in our own universe. Self evolving gods, learning and expanding and interacting with a perpetual stream of incoming data
Ruben Papian
I tell you, my students, a man’s wealth is not in the coins he carries in his purse; it is the income he buildeth, the golden stream that continually floweth into his purse and keepeth it always bulging. That is what every man desireth. That is what thou, each one of thee desireth; an income that continueth to come whether thou work or travel.
George S. Clason (The Richest Man In Babylon with Study Guide: Deluxe Special Edition)
Your passion matters little if no one is willing to pay for it.
Graham Cochrane (How to Get Paid for What You Know: Turning Your Knowledge, Passion, and Experience into an Online Income Stream in Your Spare Time)
First, if you’re so good they can’t ignore you, you can negotiate a premium for your services. And second, an excellent way to boost your income is to generate multiple income streams.
Laura Shin (The Millennial Game Plan: Career And Money Secrets To Succeed In Today's World)
There's no "get rich quick." There's no "overnight success." However, this doesn't mean that when you decide to start a business that you're just starting. You could start making new money tomorrow. I was fishing with my son and taught him that you can't catch a fish unless your line is in the water. A truth my dad once taught me. You may have spent years learning a skill or creating a product or service that you just simply haven't thought to monetize. Like leaving a fishing pole on the ground along side the river, but not having your line in the water yet. All you need to create a new stream of income is to make something consumable and offer it at a price that someone will pay. If you're not making offers, you're not making money. Get your line in the water!
Richie Norton
If capital is what produces a stream of income - and that is a definition no one seems to quarrel with - then it follows that software is a form of capital. It has always been difficult to measure any form of knowledge capital, but in the past the problem was not as urgent, since the ratio of difficult-to-quantify knowledge capital to more tangible capital was not as high or growing as rapidly as it is today.
Walter B. Wriston
Solving problems and settling issues is good lawmaking, but it’s not lucrative. It is gridlock, confusion, and rehashing fights that create streams of income—like an annuity—for the Permanent Political Class.
Peter Schweizer (Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets)
Is spam annoying? Yes. Is it becoming the cockroach of American commerce, breeding and scurrying everywhere? Yes. Because spam works, Craig. It pulls the plow. In the not-too-distant future, spam may decide elections. If I were a younger man, I’d take this new income stream by the balls . . .” He closed one of his hands. He could only make a loose fist because of his arthritis, but I got the idea. “. . . and I would squeeze.
Stephen King (If It Bleeds)
is easy to recall from everyday experience that neither electricity nor magnetism have visual properties. So, on its own, it’s not hard to grasp that there is nothing inherently visual, nothing bright or colored about that candle flame. Now let these same invisible electromagnetic waves strike a human retina, and if (and only if) the waves each happen to measure between 400 and 700 nanometers in length from crest to crest, then their energy is just right to deliver a stimulus to the 8 million cone-shaped cells in the retina. Each in turn sends an electrical pulse to a neighbor neuron, and on up the line this goes, at 250 mph, until it reaches the warm, wet occipital lobe of the brain, in the back of the head. There, a cascading complex of neurons fire from the incoming stimuli, and we subjectively perceive this experience as a yellow brightness occurring in a place we have been conditioned to call “the external world.” Other creatures receiving the identical stimulus will experience something altogether different, such as a perception of gray, or even have an entirely dissimilar sensation. The point is, there isn’t a “bright yellow” light “out there” at all. At most, there is an invisible stream of electrical and magnetic pulses. We are totally necessary for the experience of what we’d call a yellow flame. Again, it’s correlative.
Robert Lanza (Biocentrism: How Life and Consciousness are the Keys to Understanding the True Nature of the Universe)
The rich look at money not as a limited resource that they need to maximize (the way most people do), but as a fungible tool that can be used for any purpose. They take advantage of every opportunity to make more money and build wealth in as many ways as possible—by cutting expenses, optimizing their fees/prices, minimizing their taxes, building multiple income streams, and using whatever other ways they can find. They focus on making as much money as possible per minute and hour of their time.
Grant Sabatier (Financial Freedom: A Proven Path to All the Money You Will Ever Need)
Whatever any of us may have thought about Hatsumomo, she was like an empress in our okiya since she earned the income be which we all lived. And being an empress she would have been very displeased, upon returning late at night, to find her palace dark and all the servants asleep. That is to say, when she came home too drunk to unbutton her socks, someone had to unbutton them for her; and if she felt hungry, she certainly wasn't going to stroll into the kitchen and prepare something by herself--such as an umeboshi ochazuke, which was a favorite snack of hers, made with leftover rice and pickled sour plums, soaked in hot tea. Actually our okiya wasn't at all unusual in this respect. The job of waiting up to bow and welcome the geisha home almost always fell to the most junior of the "cocoons"--as the young geisha-in-training were often called. And from the moment I began taking lessons at the school, the most junior cocoon in our okiya was me. Long before midnight, Pumpkin and the two elderly maids were sound asleep on their futons only a meter or so away on the wood floor of the entrance hall; but I had to go on kneeling there, struggling to stay awake until sometimes as late as two o'clock in the morning. Granny's room was nearby and she slept with her light on and her door opened a crack. The bar of light that fell across my empty futon made me think of a day, not long before Satsu [Chiyo's sister] and I were taken away from our village, when I'd peered into the back room of our house to see my mother asleep there. My father had draped fishing nets across the paper screens to darken the room, but it looked so gloomy I decided to open one of the windows; and when I did, a strip of bright sunlight fell across my mother's futon and showed her hand so pale and bony. To see the yellow lights streaming from Granny's room onto my futon...I had to wonder if my mother was still alive. We ere so much alike, I felt sure I would have known if she'd died; but of course, I'd had no sign one way or the other.
Arthur Golden (Memoirs of a Geisha)
Respectability politics have become de facto rules for marginalized people to follow in order to be respected in main stream culture but they reflect antiquated ideals set up by white supremacy. The depiction of the cultures that black Americans create in low-income areas like the hood as ghetto or ratchet has very little to do with any real interest in their success, and everything to do with creating a series of hoops and obstacles to arbitrarily impede the progress of those with the fewest resources.
Mikki Kendall (Hood Feminism: Notes from the Women That a Movement Forgot)
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.
Cory Booker (United)
The future for ancient DNA laboratories that I find appealing is based on a model that has emerged among radiocarbon dating laboratories. For example, the Oxford Radiocarbon Accelerator Unit processes large numbers of samples for a fee, and uses this income stream to support a factory that churns out routine dates and produces data more cheaply, efficiently, and at higher quality than would be possible if its scientists limited themselves to their own questions. But its scientists then piggyback on the juggernaut of the radiocarbon dating factory they have built to do cutting-edge science,
David Reich (Who We Are and How We Got Here: Ancient DNA and the New Science of the Human Past)
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.
Peter Zeihan (The End of the World is Just the Beginning: Mapping the Collapse of Globalization)
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.
Kytka Hilmar-Jezek (Book Power: A Platform for Writing, Branding, Positioning & Publishing)
What sense would it make to classify a man as handicapped because he is in a wheelchair today, if he is expected to be walking again in a month, and competing in track meets before the year is out? Yet Americans are given “class” labels on the basis of their transient location in the income stream. If most Americans do not stay in the same broad income bracket for even a decade, their repeatedly changing “class” makes class itself a nebulous concept. Yet the intelligentsia are habituated, if not addicted, to seeing the world in class terms, just as they constantly speak of the deliberate actions of a personified “society” when trying to explain the results of systemic interactions among millions of individuals.
Thomas Sowell (The Vision Of The Annointed: Self-congratulation As A Basis For Social Policy)
Book authors are in high demand for speaking engagements and appearances; they are the new ‘celebrity’ and celebrities gain access. Authors not only make money from royalties or book advances but from their keynotes, presentations and strategically branded product lines. This includes entrepreneurial ideas for you to extend yourself beyond just writing and prepares you to add speaking and consulting to your revenue stream. You have to begin to look outside book sales and towards the speaking market. There are radio, interviews, news, television, small channel television keynotes, lectures, seminars and workshops. These types of events have the possibility to be much more lucrative than just selling books. In essence, the book builds and brands you in the public eye. It gives you credibility and the opportunity to be more than you are. It enables you to now be a voice, a teacher, a leader, an expert - after all, you wrote the book on it!
Kytka Hilmar-Jezek (Book Power: A Platform for Writing, Branding, Positioning & Publishing)
There have been a few times in my life when I have experienced extreme loss and it seemed like I lost everything. If you're at a place in your life where it seems like you've lost everything, just first of all know that you haven't lost everything. Look around and take inventory of your life at this exact moment - think about the resources that you still have, whether its skills, money, a network of friends and family, a brand with a good reputation, a top quality resume, money in savings, your house, your car, your computer or whatever it may be. Then think about how you can leverage whatever resources you have remaining after your loss and figure out how to utilize those resources and convert them into streams of income by adding value to other peoples lives or adding value to a marketplace. The money will begin to flow back in and you will begin to gain back the equivalent and more of everything you lost. Then when you've rebounded and it seems like you have it all, do everything in your power to protect it all and to keep it all and to avoid loss.
Hendrith Vanlon Smith Jr.
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
Mark R. Levin (Plunder and Deceit: Big Government's Exploitation of Young People and the Future)
The auditory cortex, as an example, processes the sound inputs that have not already been gated earlier in the stream. It specifically works with tone, pitch, harmony, loudness, and beat patterning or timing. In people that use auditory inputs as a primary or major area of sensory processing musicians for instance there is much less gating of sound in the deeper levels of the brain than in nonmusicians. In consequence, much more sound input reaches the auditory cortex. Because the auditory cortex is continually used to work with larger amounts of sound inflows (with more subtlety), it becomes highly developed and shows tremendous plasticity, that is, continuous new neuronal development. Frances Densmore, for example, the ethnomusicologist who recorded thousands of Native plant songs in the early twentieth century, could perceive pitch differentiations as tiny as 1/32 in deviation. (She had as well total recall and prefect pitch.) The more a sensory modality is consciously used to analyze incoming sensory inflows, the more sensitive it becomes, and the larger the neural network within it becomes.
Stephen Harrod Buhner (Plant Intelligence and the Imaginal Realm: Beyond the Doors of Perception into the Dreaming of Earth)
Wealth comes from multiple incomes. Always think of growth and new businesses to create new income streams.
Ehab Atalla (The Secrets of Business (Change Your Life in One Day, #1))
Countries competing against one another in the same array of products and services is not covered by Ricardian trade theory.   Offshoring doesn’t fit the Ricardian or the competitive idea of free trade. In fact, offshoring is not trade.   Offshoring is the practice of a firm relocating its production of goods or services for its home market to a foreign country. When an American firm moves production offshore, US GDP declines by the amount of the offshored production, and foreign GDP increases by that amount. Employment and consumer income decline in the US and rise abroad. The US tax base shrinks, resulting in reductions in public services or in higher taxes or a switch from tax finance to bond finance and higher debt service cost.   When the offshored production comes back to the US to be marketed, the US trade deficit increases dollar for dollar. The trade deficit is financed by turning over to foreigners US assets and their future income streams. Profits, dividends, interest, capital gains, rents, and tolls from leased toll roads now flow from American pockets to foreign pockets, thus worsening the current account deficit as well.   Who benefits from these income losses suffered by Americans? Clearly, the beneficiary is the foreign country to which the production is moved. The other prominent beneficiaries are the shareholders and the executives of the companies that offshore production. The lower labor costs raise profits, the share price, and the “performance bonuses” of corporate management.   Offshoring’s proponents claim that the lost incomes from job losses are offset by benefits to consumers from lower prices. Allegedly, the harm done to those who lose their jobs is more than offset by the benefit consumers in general get from the alleged lower prices. Yet, proponents are unable to cite studies that support this claim. The claim is based on the unexamined assumption that offshoring is free trade and, thereby, mutually beneficial.   Proponents of jobs offshoring also claim that the Americans who are left unemployed soon find equal or better jobs. This claim is based on the assumption that the demand for labor ensures full employment, and that people whose jobs have been moved abroad can be retrained for new jobs that are equal to or better than the jobs that were lost.   This claim is false.
Paul Craig Roberts (The Failure of Laissez Faire Capitalism and Economic Dissolution of the West)
People with SKILLS work for people with IDEAS. Be an idea person.
Jim Cockrum (Silent Sales Machine 10.0: Your Newly Revised Guide To Multiple Streams of Income Online! Includes Amazon FBA, eBay, Audience Growth and more!)
Jenny smiled a bit wistfully. It had been almost a year since her mother had been killed and a lot had changed. She had moved into Asher’s house, giving up her apartment. After Asher’s elevation to Vice-President, he had slowly taken on more and more responsibility for running the club. With investments from the Bucs and the Trifectas, the HDs had been expanding. They dominated the strip club and escort business in Miami, and had expanded aggressively into Boca Raton, Fort Lauderdale, and had just completed a deal to buy six clubs in Tampa. They were also starting an x-rated video production company to further diversify their income stream. While they may never rub elbows with respectable bankers and real estate barons, the HDs were now a fully legal operation.
Kathryn Thomas (Asher (Heartless Devils MC))
You shouldn't confuse “stock trading” with “stock investing.” The former requires the stockholder to purchase, hold, or sell stocks to earn profits. The latter, on the other hand, allows the stockholder to get a regular stream of income just by acquiring stocks.   Trading stocks can help you reap large profits on a daily basis. If you will purchase or sell the right stocks, you can secure huge revenues every day. Here, you won't have to study corporations deeply. You just have to observe the trends in the stock market, make some predictions, and purchase or sell stocks according to your predictions.
Zachary D. West (Stocks: Investing and Trading Stocks in the Market - A Beginner's Guide to the Basics of Stock Trading and Making Money in the Market)
Ask an Englishman how wealthy someone is, and you’re likely to hear a response like, “He’s worth 20,000 per year.” This sort of answer usually confuses us less sophisticated Yanks, but it’s an estimable response, because it says something profound about wealth: it does not consist of inert assets but, instead, a stream of income. In other words, if you own an orchard, its value is defined not by its trees and land but, rather, by the income it produces. The worth of an apartment house is not what it will fetch in the market, but the value of its future cash flow. What about your own house? Its value is the shelter and pleasure it provides you over the years. The
William J. Bernstein (The Four Pillars of Investing: Lessons for Building a Winning Portfolio)
But if you can understand the chapter’s central point—that the value of a stock or a bond is simply the present value of its future income stream—then you will have a better grasp of the investment process than most professionals. As
William J. Bernstein (The Four Pillars of Investing: Lessons for Building a Winning Portfolio)
cannot stress enough the importance of guaranteed lifetime income to your happiness in retirement. Knowing that you will have an income – regardless of what happens in the market – is going to make you less stressed. In turn, that will help to keep you happier and healthier overall. What Else Will You Do in Retirement? Once you have a regular stream of income nailed down, you will be able to enjoy everything else that retirement has to offer. But this time in your life won't come without its other challenges. That's why it is important to have a plan that goes beyond just the immediate financial aspects of retirement. You will need to factor in other items to keep up your happiness in retirement: Keeping On Track With a Purpose – Once you retire, you may feel that you've lost your purpose. You may have felt a strong sense of association to your employer or career and now, suddenly, being away from it may make you feel at a loss. Therefore, be sure that you've made plans to fill your time, such as travel, volunteering, or even a new career.
Tom Hegna (Don't Worry, Retire Happy!: Seven Steps to Retirement Security)
Why is owning equity in a business important to becoming rich? It’s ownership versus wage work. If you are paid for renting out your time, even lawyers and doctors, you can make some money, but you’re not going to make the money that gives you financial freedom. You’re not going to have passive income where a business is earning for you while you are on vacation. [10] This is probably one of the most important points. People seem to think you can create wealth—make money through work. It’s probably not going to work. There are many reasons for that. Without ownership, your inputs are very closely tied to your outputs. In almost any salaried job, even one paying a lot per hour like a lawyer or a doctor, you’re still putting in the hours, and every hour you get paid. Without ownership, when you’re sleeping, you’re not earning. When you’re retired, you’re not earning. When you’re on vacation, you’re not earning. And you can’t earn nonlinearly. If you look at even doctors who get rich (like really rich), it’s because they open a business. They open a private practice. The private practice builds a brand, and the brand attracts people. Or they build some kind of a medical device, a procedure, or a process with an intellectual property. Essentially, you’re working for somebody else, and that person is taking on the risk and has the accountability, the intellectual property, and the brand. They’re not going to pay you enough. They’re going to pay you the bare minimum they have to, to get you to do their job. That can be a high bare minimum, but it’s still not going to be true wealth where you’re retired but still earning. [78] Owning equity in a company basically means you own the upside. When you own debt, you own guaranteed revenue streams and you own the downside. You want to own equity. If you don’t own equity in a business, your odds of making money are very slim. You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important. [10]
Eric Jorgenson (The Almanack of Naval Ravikant: A Guide to Wealth and Happiness)
Then in 2012, TIME had the following article: "Lifetime Income Stream Key to Retirement Happiness." It went on to say, "A new study in a land of grumps reveals that retirees with a guaranteed lifetime income stream can find true happiness.
Tom Hegna (Don't Worry, Retire Happy!: Seven Steps to Retirement Security)
Nonsense,” reproved Kobbi, “a man’s wealth is not in the purse he carries. A fat purse quickly empties if there be no golden stream to refill it. Arkad has an income that constantly keeps his purse full, no matter how liberally he spends.” “Income, that is the thing,
George S. Clason (The Richest Man in Babylon)
It is the only financial vehicle on the planet that can give you the following: • 100% guarantee on your deposits.17 (You can’t lose your money, and you keep total control.) • Upside without the downside: your account value growth will be tied to the market, so if the market goes up, you get to participate in the gains. But if the market goes down, you don’t lose a dime. • Tax deferral on your growth. (Remember the dollar-doubling example? Tax efficiency was the difference between having $28,466 or more than $1 million!) • A guaranteed lifetime income stream where you have control and get to decide when to turn it on. • Get this: the income payments can be made tax-free if structured correctly. • No annual management fees.
Anthony Robbins (MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom))
20 In 1932, Adolf A. Berle and Gardiner C. Means, lawyer and economics professor, respectively, published The Modern Corporation and Private Property, a highly influential study revealing that top executives of America’s giant companies were not even accountable to their own shareholders but operated the companies “in their own interest, and…divert[ed] a portion of the asset fund to their own uses.”21 The only solution, concluded Berle and Means, was to enlarge the power of all groups within the nation who were affected by the large corporation, including employees and consumers. They envisioned the corporate executive of the future as a professional administrator, dispassionately weighing the claims of investors, employees, consumers, and citizens, and allocating benefits accordingly. “[I]t seems almost essential if the corporate system is to survive—that the ‘control’ of the great corporations should develop into a purely neutral technocracy, balancing a variety of claims by various groups in the community and assigning each a portion of the income stream on the basis of public policy rather than private cupidity.
Robert B. Reich (Supercapitalism: The Transformation of Business, Democracy and Everyday Life)
So much in writing depends on the superficiality of one’s days. One may be preoccupied with shopping and income tax returns and chance conversations, but the stream of the unconscious continues to flow undisturbed, solving problems, planning ahead: one sits down sterile and dispirited at the desk, and suddenly the words come as though from the air: the situations that seemed blocked in a hopeless impasse move forward: the work has been done while one slept or shopped or talked with friends.
Graham Greene (The End of the Affair)
The fundamentals of the economy remain strong.' That cliche is repeated by authorities as they try to restore public confidence after every major stock market decline. They have the opportunity to say this because just about every major stock market decline appears inexplicable if one looks only at the factors that logically ought to influence stock markets. It is practically always the stock market that has changed; indeed the fundamentals haven't. How do we know that these changes could not be generated by fundamentals? If prices reflect fundamentals, they do so because those fundamentals are useful in forecasting future stock payoffs. In theory the stock prices are the predictors of the discounted value of those future income streams, in the form of future dividends or future earnings. But stock prices are much too variable. They are even much more variable than those discounted streams of dividends (or earnings) that they are trying to predict.
George A. Akerlof (Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism)
Nonsense,” reproved Kobbi, “a man’s wealth is not in the purse he carries. A fat purse quickly empties if there be no golden stream to refill it. Arkad has an income that constantly keeps his purse full, no matter how liberally he spends.
George S. Clason (The Richest Man In Babylon with Study Guide: Deluxe Special Edition)
a man’s wealth is not in the purse he carries. A fat purse quickly empties if there be no golden stream to refill it. Arkad has an income that constantly keeps his purse full,
George S. Clason (The Richest Man in Babylon)
Each business system has its strengths and weaknesses, yet each ultimately does the same thing. If operated properly, each system will provide a steady stream of income without much physical effort on the part of the owner once it’s up and running.
Robert T. Kiyosaki (Rich Dad's CASHFLOW Quadrant: Rich Dad's Guide to Financial Freedom)
Black Girls… I dare you to take your education seriously! I dare you to stay in school and get your high school diploma. I dare you to go to college and obtain a degree. I dare you to believe in your ideas and become an entrepreneur or start your own business. I dare you to create multiple streams of income for yourself. I dare you to read, learn, and educate yourself. I dare you to save and invest your money wisely. It’s important to invest in YOU. You’re NOT too young to walk into your GREATNESS. I dare you to succeed without apology!
Stephanie Lahart
The Bowie Bond, as it was known, was attractive to insurance companies, which have to make regular payments to their beneficiaries years into the future. Owning a long-term bond, like a Bowie Bond, is how they hedge risk, because they need an asset that offers a regular stream of payouts. Prudential paid $55 million and in exchange got a 7.9 percent interest payment on their principal for fifteen years.* These interest payments were financed by the income generated by royalties from Bowie’s albums recorded before 1990. If for some reason the music did not generate enough revenue (and exhausted a reserve fund), Bowie’s catalog would be owned by Prudential. But that did not happen, since the income from music royalties is fairly stable for older artists with established catalogs.
Allison Schrager (An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk)
By diversifying your income streams, consistently looking for new ways to make more money, and investing as much money as possible, you are giving yourself more control over your financial destiny and protecting yourself in the event something disrupts one of your income streams.
Grant Sabatier (Financial Freedom: A Proven Path to All the Money You Will Ever Need)
Things are difficult before they become easy.  Most things worth doing require effort.  As you do the task, you learn, gain experience and begin to understand. Then we call it easy.
Rimantas Petrauskas (How to Start Your Own Forex Signal Service: The Next Step Every Forex Trader Should Take to Build an Automated Passive Income Stream)
First, redesign your relational field. Psychically add green to it if you are dealing with a physical illness or trauma; add pink if your core issues are relational in nature, such as social phobias or abuse issues. Add gold if the most striking symptoms are chronic, repetitive, or addictive in nature; if your issues are spiritual (linked with entities or attachments); or if you are lacking in boundaries altogether. You can also combine these colors. Now ask the Divine to link your inner child with a healing stream of grace and to then plug the same stream of grace into your relational field. Request that the Divine fill this field (and surround the child) with the appropriate hue, intensity, and amount of the heart colors just described. Know that this incoming energy will push out all undesirable energies. Allow this healing stream and the incoming energy to continue flowing as long as necessary.
Cyndi Dale (Energetic Boundaries: How to Stay Protected and Connected in Work, Love, and Life)
an immediate income, your returns are reinvested in a tax-deferred environment so that when you’re ready you can, at will, turn on the income stream you want for the rest of your life. You can literally have a schedule for what your income will be when you’re 40, 50, 60—for every year of your life.
Anthony Robbins (MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom))
The amount that you contribute to the annuity, the length of time before you decide to access your income stream, and your age at the time your income begins are the primary factors that will ultimately contribute to the amount of income you’ll receive.
Anthony Robbins (MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom))
Your condo loan might be packaged with 999 other mortgages and sold off to an investor who wanted to receive the steady stream of income as those mortgages were (hopefully) paid off.
Charles Wheelan (Naked Money: A Revealing Look at Our Financial System)
me. “Well, I know one thing about my twins. They’re not going to be models. I already tried them out for catalogue work. Within the first ten minutes, Orianthe informed me that she doesn’t like to do boring things and that modelling’s boring. And she’s not going to let her brother do boring things either.” I laughed. The cries of the twins pealed down the hallway as they bounded inside and called Jessie’s name. They must have discovered she was home. “Hey, where’s the pup?” I asked Pria. “Can I see him? Jessie said he’s growing big.” Immediately, Pria rolled her eyes and made a low disparaging sound. “I sent Buster out with the dog walker as soon as I knew Kate was coming over with the kids. He’d knock them flying. Wish I’d never bought him, to tell you the truth. After the break-in, I wanted a watchdog, but I should have paid more attention to the breed. He’s damned strong—even though he’s only nine months old. And he snaps. To tell you the truth, I’m a bit scared of the mutt. I’m having a dog trainer try to rein him in, but if that doesn’t work, he’s gone.” “What a shame,” I said. “Jess told me she’d like to walk the dog sometimes, but that’s not sounding good.” “Nope. The only thing I got right about him is his name. Because Buster has busted everything from doors to shoes.” She shook her head, a sorry smile on her face. The sound of the three children playing became too much. Tommy had once run through this house, too. I stayed for a while longer then made an excuse to leave.     29.                 PHOEBE   Tuesday night   STORM CLOUDS PUSHED INTO THE SKY, making the day darken a good hour before the incoming night. The heavy atmosphere pressed down on me. I opened the window of my bedroom upstairs at Nan’s house, letting the chill air stream in. I could only just catch a glimpse of the water from here. An enormous cruise liner dominated the harbour, staining the water red and blue with its lights. Maybe my small step in seeing Pria and Kate earlier had helped my frame of mind, but I didn’t feel it yet. I was back at square one. I began pacing the room, feeling unhinged. Things were all so in between. Dr Moran hadn’t succeeded in jogging my memory about the letters. She’d said she didn’t think it was possible to do all that I’d done in sleepwalking sessions and so the memory should still be in my mind somewhere. True sleepwalkers rarely remembered their dreams. Not remembering any of it was the most disturbing thing of all. It wasn’t the first time I’d forgotten things. With the binge drinking and the trauma of losing Tommy, there were gaps in my memory. But not a fucking chasm. And forgetting the writing of three notes and delivering them was a fucking chasm. Nan called me for dinner, and we ate the pumpkin soup together. I’d tried watching one of her sitcoms with her after that, but I gave up halfway through. I headed back upstairs. Surprisingly, I was tired enough to sleep. I crawled into bed and let myself drift off. I woke just before four thirty in the morning. The temperature had plummeted—I guessed it was below ten degrees. I’d been dreaming. The dream had been of the last day that Sass, Luke, Pria, Kate,
Anni Taylor (The Game You Played)
When fear is bigger than the benefit, it stops us from taking action.
Jonathan Green (Control Your Fate: Stacking the Habit of Success and Bending Reality to Unlock Passive Income Streams)
Our inability to share the gifts of nature causes much suffering in the world today... We mistakenly believe that a free market should allow people and corporations to profit from nature, yet we've failed to consider the immense cost to life that occurs whenever people are allowed to reap what they haven't sown at the expense of others. While the privatization of capital can lead to production efficiencies that benefit the entire market, the same can't be said for privatization of nature. Whenever the income stream from nature is privatized, human beings take for themselves the gifts that would better be freely shared with everyone.
Martin Adams (Land: A New Paradigm for a Thriving World)
You don't know how to make a difference until you do it.
Vikki Walton (Work Quilting: Piece Together Diverse Income Streams ; Live an Insanely Awesome Life.)
The problem with most people is that they’re too busy earning a living that they neglect to live life. Being
Samantha Connor (Passive Income: The Ultimate Guide To Becoming A Money Machine And Have Unlimited Income Even While You Sleep)
Statements of Cash Flows: Three Examples Case solution - This case presents the announcement of income through three cases of multi-year articulations of money streams from three unidentified organizations
casesolutionguru
How To Create Multiple Streams of Income, Get More Clients, Work Less and Live More
Shanique Thompkins (Teach And Grow Your Business: How To Create Multiple Streams of Income, Get More Clients, Work Less and Live More)
General Questions What are the business issues (service quality, product quality, speed, capacity, cost, morale, competitive landscape, impending regulations, etc.) we wish to address? What does the customer want? What measurable target condition(s) are we aiming for? Which process blocks add value or are necessary non-value-adding? How can we reduce delays between processes? How can we improve the quality of incoming work at each process? How can we reduce work effort and other expenses across the value stream? How can we create a more effective value stream (greater value to customers, better supplier relationships, higher sales conversion rates, better estimates-to-actuals, lower legal and compliance risk, etc.)? How will we monitor value stream performance?
Karen Martin (Value Stream Mapping: How to Visualize Work and Align Leadership for Organizational Transformation)
Variation Management Is there internally produced variation (e.g., end-of-quarter sales incentives)? How can we level incoming workload along the value stream to reduce variation and achieve greater flow? Can we reduce variation in customer or internal requirements? How can necessary variation be addressed most effectively? Are there common prioritization rules in place throughout the value stream?
Karen Martin (Value Stream Mapping: How to Visualize Work and Align Leadership for Organizational Transformation)
Multiple streams of incoming prophetic visions.
Erica Alex (Cake in the Blackbird Stew)
Real Wealth ≠ Financial Wealth. Real wealth is what people buy because they want to have and use it, such as a house, car, streaming video service, etc. Real wealth has intrinsic value. Financial wealth consists of financial assets that are held to a) receive an ongoing income in the future and/or b) be sold in the future to get money to buy the real assets people will want. Financial wealth has no intrinsic value.
Ray Dalio (Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail)
MULTIPLE STREAMS OF INCOME IS A TRAP!
Aryan Chaudhary (Your Last Step To Fast Financial Freedom)
At the street level, Sugar Fair welcomed customers into a bright, child-like fantasy. The architecturally designed enchanted forest was awash in jewel tones, and gorgeous smells, and the waterfall of free-flowing chocolate. But it was the Dark Forest downstairs that had proved an unexpected money-spinner, an income stream that had helped keep them afloat through the precarious first year. Four nights a week, through a haze of purple smoke and bubbling cauldrons, Sylvie taught pre-booked groups how to make concoctions that would tease the senses, delight the mind... and knock people flat on their arse if they weren't careful. High percentage of alcohol. It was a mixology class with a lot of tricks and pyrotechnics. It had been Jay's idea to get a liquor license. "Pleasures of the mouth," he'd said at the time. "The holy trinity--- chocolate, coffee, and booze." With even her weekends completely blocked out, Sylvie had almost made a crack about forfeiting certain other pleasures of the mouth, but Jay had inherited a puritanical streak from his mother. Both their mouths looked like dried cranberries if someone made a sex joke. The sensuous, moody haven in the basement was a counterbalance to the carefully manufactured atmosphere upstairs. There were, after all, reasons to shy away from relentless cheer. Perhaps someone had just been through a breakup, or a family reunion. A really distressing haircut. Maybe they'd logged on to Twitter and realized half the population were a bunch of pricks. Or maybe the'd picked up the Metropolitan News and found Dominic De Vere indirectly thrashing their entire business aesthetic in a major London daily. Whatever the reason--- feeling a little stressed? A bit peeved? Annoyed as fuck? Welcome to the Dark Forest. Through the bakery, turn left, down the stairs.
Lucy Parker (Battle Royal (Palace Insiders, #1))
Get serious about your life
Durgesh Gupta (Multiple Streams of Online Income : Best Ways to Create Extra Source of Income (Basic))
Self-publishing is a volume business. The more quality (key word!) work you put out there, the better your chances of an increasing income stream. How good are the chances? Better than if you put all your hopes on one or two books. Don't fall into that trap.
James Scott Bell (How to Make a Living As a Writer)
3. Growth is like interest: It compounds over time. A hustler lives from small win to small win. Tiny wins—buying things at garage sales and selling them on eBay—never compound. You might work really hard and make extra money, but it’s unlikely you’ll become a millionaire. If you follow my plan, results will stack extremely quickly. They might seem insignificant at first, but, after a year, you will have a hard-charging income stream that continues to grow for years to come. One of my favorite books is called The Slight Edge by Jeff Olson. In it, he argues that extraordinary results do not come from big wins—they come from incremental steps forward that compound over time. For instance, you don’t get fat by overeating one time; you get fat when you consistently overeat. The same is true with wealth. You don’t get rich with one big sale. You get rich by doing the right thing long enough for it to compound.
Ryan Daniel Moran (12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur)
A fat purse quickly empties if there be no golden stream to refill it. Arkad has an income that constantly keeps his purse full, no matter how liberally he spends.
George S. Clason (The Richest Man In Babylon)
There are many forms of attention such as saliency-based, automatic attention, spatial and temporal attention, and feature- and object-based attention. Common to all is that they provide access to processing resources that are in short supply. Because of the limited capacity of any nervous system, no matter how large, it can’t process all of the incoming streams of data in real time. Instead, the mind concentrates its computational resources on any one particular task, such as part of a scene unfolding in front of your eyes, and then switches to focus on another task, such as a simultaneously ongoing conversation. Selective attention is evolution’s answer to information overload. Its actions and properties have been investigated in considerable detail in the mammalian visual system for more than a century.
Christof Koch (The Feeling of Life Itself: Why Consciousness Is Widespread but Can't Be Computed)
I think of my pioneer ancestors, how they would have loved a passive income stream, hormonal birth control, the opportunity to have met me. When I’m ready for my nervous breakdown, it will be on my terms; this is America, where we livestream our freedom to hurt and call it content.
Leigh Stein (What to Miss When: Poems)
I read once that wealthy people have seven different income streams. I always think about that, and I’m constantly looking for new income streams to add to our art business.
Maria Brophy (Art Money & Success: A complete and easy-to-follow system for the artist who wasn't born with a business mind.)
Whatever the mind of man can conceive and believe, it can achieve. Thoughts are things! And powerful things at that, when mixed with definiteness of purpose, and burning desire, can be translated into riches.
James Moore (Passive Income: Beginners Guide to Passive Income Streams to Gain Financial Freedom)
When I started my first job at the Boston weekly newspaper, I thought I’d be a journalist for the rest of my life. Back in 2000, newspapers were still extremely lucrative; they were rolling in advertising revenue. The online world was such a minor consideration that our newsroom made do with only one internet-connected computer. I had signed on to the industry at the exact moment it started its inexorable collapse, but I couldn’t see it at the time. When it comes to identifying the precise tipping point of future trends, I doubt any of us can.
Dorie Clark (Entrepreneurial You: Monetize Your Expertise, Create Multiple Income Streams, and Thrive)
First, reframe the purpose of taxes to help build social consensus for the kind of higher-tax, higher-returns public sector that has been a proven success in many Scandinavian countries. And remember, the verbal framing expert George Lakoff advises to choose your words wisely: don’t oppose tax relief—talk about tax justice. Likewise, the notion of public spending is often used by those who oppose it to evoke a never-ending outlay. Public investment, on the other hand, focuses on the public goods—such as high-quality schools and effective public transport—that underpin collective well-being.57 Second, end the extraordinary injustice of tax loopholes, offshore havens, profit shifting and special exemptions that allow many of the world’s richest people and largest corporations—from Amazon to Zara—to pay negligible tax in the countries in which they live and do business. At least $18.5 trillion is hidden by wealthy individuals in tax havens worldwide, representing an annual loss of more than $156 billion in tax revenue, a sum that could end extreme income poverty twice over.58 At the same time, transnational corporations shift around $660 billion of their profits each year to near-zero tax jurisdictions such as the Netherlands, Ireland, Bermuda and Luxembourg.59 The Global Alliance for Tax Justice is among those focused on tackling this, campaigning worldwide for greater corporate transparency and accountability, fair international tax rules, and progressive national tax systems.60 Third, shifting both personal and corporate taxation away from taxing income streams and towards taxing accumulated wealth—such as real estate and financial assets—will diminish the role played by a growing GDP in ensuring sufficient tax revenue. Of course progressive tax reforms such as these can quickly encounter pushback from the corporate lobby, along with claims of state incompetence and corruption. This only reinforces the importance of strong civic engagement in promoting and defending political democracies that can hold the state to account.
Kate Raworth (Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist)
You are sitting on a gold mine. Whether you realize it or not, you already have the knowledge, passion, and skills to create an automated income stream that requires no college degree, zero employees, and less than fifty dollars to get started.
Graham Cochrane (How to Get Paid for What You Know: Turning Your Knowledge, Passion, and Experience into an Online Income Stream in Your Spare Time)
It doesn't take any strategy or intelligence to just work all the time. It takes way more creativity and diligence to stop doing #AllTheThings, evaluate what activities in your business actually lead to more consistent sales, and then do only those things.
Graham Cochrane (How to Get Paid for What You Know: Turning Your Knowledge, Passion, and Experience into an Online Income Stream in Your Spare Time)
The Generous Family “The generous will prosper; those who refresh others will themselves be refreshed.” -Proverbs 11:25 One of the greatest and most consistent fruits of family-based stewardship of resources is the outpouring of abundant generosity. Living on a fixed income determined by someone else on a fixed work schedule dictated by someone else who works to direct your best energy toward their ends can leave us with a sense of powerlessness with little left over to give to others. Faced with the frustration this can often create, it becomes easier just to give ourselves over to our work identity. When we do, we tend to live a disintegrated life, always needing to guard against additional commitments since we often have to fight to give our family enough of what they need from whatever is left over, which can put a damper on a spirit of abundant generosity. Contrast that with income streams that produce money in ways that aren’t directly connected to how many hours you worked this week. This begins to disentangle the connection between our time and energy and our money.
Jeremy Pryor (Family Revision: How Ancient Wisdom Can Heal the Modern Family)
Without an audience, nothing is possible. But with an audience, anything is possible.
Graham Cochrane (How to Get Paid for What You Know: Turning Your Knowledge, Passion, and Experience into an Online Income Stream in Your Spare Time)
If you do not find a way to make money while you sleep, you will work until you die.” - Warren Buffet
J.P. Clarke (3 Steps to Instant Passive Income Streams: Give your boss the boot with this shortcut to financial freedom)
It’s crazy to me how many people stop side hustling in this way once they get a full-time job. Side hustling—what I define as any way you make money outside of your full-time job—is a relatively simple way to become an entrepreneur and diversify your income streams without taking the risk of leaving your full-time job.
Grant Sabatier (Financial Freedom: A Proven Path to All the Money You Will Ever Need)
Our conscious mind does not directly know reality. It holds a model of what it believes to be true, and then compares incoming information to this model. Psychological experiments involving hypnosis have demonstrated that if our internal models of reality are shaped to deny the possibility of an existing object, we will actually not be able to “see” that which is demonstrably present in the stream of photons that our eyes detect or the audio waves that our ears hear. In other words, we can only see that which we believe exists, that which is consistent with our own personal model of reality.
Robert W. Malone (Lies My Gov't Told Me: And the Better Future Coming)
Look at stocks as part ownership of a business. 2. Look at Mr. Market—volatile stock price fluctuations—as your friend rather than your enemy. View risk as the possibility of permanent loss of purchasing power, and uncertainty as the unpredictability regarding the degree of variability in the possible range of outcomes. 3. Remember the three most important words in investing: “margin of safety.” 4. Evaluate any news item or event only in terms of its impact on (a) future interest rates and (b) the intrinsic value of the business, which is the discounted value of the cash that can be taken out during its remaining life, adjusted for the uncertainty around receiving those cash flows. 5. Think in terms of opportunity costs when evaluating new ideas and keep a very high hurdle rate for incoming investments. Be unreasonable. When you look at a business and get a strong desire from within saying, “I wish I owned this business,” that is the kind of business in which you should be investing. A great investment idea doesn’t need hours to analyze. More often than not, it is love at first sight. 6. Think probabilistically rather than deterministically, because the future is never certain and it is really a set of branching probability streams. At the same time, avoid the risk of ruin, when making decisions, by focusing on consequences rather than just on raw probabilities in isolation. Some risks are just not worth taking, whatever the potential upside may be. 7. Never underestimate the power of incentives in any given situation. 8. When making decisions, involve both the left side of your brain (logic, analysis, and math) and the right side (intuition, creativity, and emotions). 9. Engage in visual thinking, which helps us to better understand complex information, organize our thoughts, and improve our ability to think and communicate. 10. Invert, always invert. You can avoid a lot of pain by visualizing your life after you have lost a lot of money trading or speculating using derivatives or leverage. If the visuals unnerve you, don’t do anything that could get you remotely close to reaching such a situation. 11. Vicariously learn from others throughout life. Embrace everlasting humility to succeed in this endeavor. 12. Embrace the power of long-term compounding. All the great things in life come from compound interest.
Gautam Baid (The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series))
The tracks led along the stream, down the meadow, past the fir copse until the two children came in sight of the sea. Kitty pulled up. The paw-prints had stopped at the beach. She glanced to the cliffs at each side of the sandy bay, past the farthest point of the headlands toward Bird Island. She dismounted and went forward, leading Dapple to the smugglers’ path, the track which zig-zagged down the cliff to the cover. Although the incoming tide had obviously washed away some paw-prints, Kitty could still see some plainly marked in the sand which the waves had not yet reached.
Judith M. Berrisford (Skipper: the Dog from the Sea)
To apply first principles thinking to the field of value investing, consider several fundamental truths. Understand and practice the following if you want to become a good investor: 1. Look at stocks as part ownership of a business. 2. Look at Mr. Market—volatile stock price fluctuations—as your friend rather than your enemy. View risk as the possibility of permanent loss of purchasing power, and uncertainty as the unpredictability regarding the degree of variability in the possible range of outcomes. 3. Remember the three most important words in investing: “margin of safety.” 4. Evaluate any news item or event only in terms of its impact on (a) future interest rates and (b) the intrinsic value of the business, which is the discounted value of the cash that can be taken out during its remaining life, adjusted for the uncertainty around receiving those cash flows. 5. Think in terms of opportunity costs when evaluating new ideas and keep a very high hurdle rate for incoming investments. Be unreasonable. When you look at a business and get a strong desire from within saying, “I wish I owned this business,” that is the kind of business in which you should be investing. A great investment idea doesn’t need hours to analyze. More often than not, it is love at first sight. 6. Think probabilistically rather than deterministically, because the future is never certain and it is really a set of branching probability streams. At the same time, avoid the risk of ruin, when making decisions, by focusing on consequences rather than just on raw probabilities in isolation. Some risks are just not worth taking, whatever the potential upside may be. 7. Never underestimate the power of incentives in any given situation. 8. When making decisions, involve both the left side of your brain (logic, analysis, and math) and the right side (intuition, creativity, and emotions). 9. Engage in visual thinking, which helps us to better understand complex information, organize our thoughts, and improve our ability to think and communicate. 10. Invert, always invert. You can avoid a lot of pain by visualizing your life after you have lost a lot of money trading or speculating using derivatives or leverage. If the visuals unnerve you, don’t do anything that could get you remotely close to reaching such a situation. 11. Vicariously learn from others throughout life. Embrace everlasting humility to succeed in this endeavor. 12. Embrace the power of long-term compounding. All the great things in life come from compound interest.
Gautam Baid (The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series))
Video advertising revenue: More views runs more ads for more income.
Steven Magee
On larger properties, the asset really is the property and its income stream, not the individual borrower’s income stream.
Robert T. Kiyosaki (Retire Young Retire Rich: How to Get Rich Quickly and Stay Rich Forever! (Rich Dad's (Paperback)))
With a charitable trust, you can give your assets to the charity now but still take the income stream from the assets for the rest of your life. You still get the income, but the value of the assets in the trust will avoid estate tax.
Tom Wheelwright (Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes)
Too often, aspiring artists put pressure on themselves to make their creative work their only source of income. In my experience, it’s a road to misery. If art is your sole source of income, then there’s unrelenting pressure on that art, and mercenary pressure is the enemy of the creative elves inside you trying to get the work done. Having another stream of income drains the pressure on your creative engine. If nothing comes of your art, you still have an ironclad plan to support yourself. As a result, your creative soul feels lighter and free to do its best work. I’m a personal practitioner of this: Even after three books and a hefty movie deal, I still tutor kids and help them with their college applications. My friends can’t understand it, but it’s the only way I know how to write without feeling like it’s a matter of life and death.
Timothy Ferriss (Tribe Of Mentors: Short Life Advice from the Best in the World)
The journey to financial freedom commences when you shift your focus from earning a salary to accumulating assets that generate a continuous stream of income.
Linsey Mills (Currency of Conversations: The Talk You've Been Waiting For About Money)
As the modern era came into being, the avarice of the usurer was supplanted by interest in the broader and more abstract sense of a share or stake. This new concept of interest was ethically wide-ranging: it ‘came to cover virtually the entire range of human actions, from the narrowly self-centered to the sacrificially altruistic, and from the prudently calculated to the passionately compulsive’.49 The seventeenth-century English statesman and philosopher Lord Shaftesbury summed up the new thinking with his comment that ‘Interest governs the World.’50 In his Fable of the Bees (1714), Bernard Mandeville exposed the paradox at the heart of the modern world, namely that private vices brought public benefits. Adam Smith incorporated Mandeville’s wicked insights into his political economy. In The Wealth of Nations, Smith describes the individual as one who ‘By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.’51 A similar thought is expressed in another famous line, in which Smith writes that ‘It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.’ The spirit of capitalism was transmitted across networks of credit that connected lenders and borrowers through bonds of mutual self-interest.52 Daniel Defoe described credit as a ‘stock’, synonymous with capital, while the French in Defoe’s day referred to capital as ‘interest’, in the sense of taking a stake.fn6 From a technical viewpoint, capital consists of a stream of future income discounted to its present value. Without interest, there can be no capital. Without capital, no capitalism. Turgot, a contemporary of Adam Smith’s, understood this very well: ‘the capitalist lender of money,’ he wrote, ‘ought to be considered as a dealer in a commodity which is absolutely necessary for the production of wealth, and which cannot be at too low a price.’53 (Turgot exaggerated. As we shall see, interest at ‘too low a price’ is the source of many evils.)
Edward Chancellor (The Price of Time: The Real Story of Interest)
Multiple streams of income do not apply when it comes to vision. You just have to be focused and attain your visionary goal, without distraction
Daniel ANIKOR
Nothing worth having comes easy.
Dakota McQueen (Investing Made Easy for Young Adults: Discover 5 Passive Income Streams for Simple Financial Planning to Retire Early, Debt-Free, Build Passive Wealth, & Live Life on YOUR Terms)
New traders will be tempted to give up, particularly when they see that the first few years are more about studying and learning rather than making money. But there are some compelling reasons not to give up on trading; it will teach you about yourself, it will make you better in other aspects of your life, it can create a consistent stream of income, and nothing else offers the same level of control over your personal finances or your future.
Steve Burns (New Trader Rich Trader)
THE ELEVATOR PITCH When I first started my consulting practice, I began networking at conferences to find potential clients. It was not unusual to be the only doctor in the room. I quickly learned the importance of the elevator pitch. The elevator pitch is where you explain what your business is all about concisely in the span of no more than a few minutes (or the length of the ride up an elevator). Here are a few approaches to developing your elevator pitch. THE WHAT, WHY, HOW TEMPLATE: The first is by answering these three questions: What do you do? Why should somebody listen to you? How can you help them? Here are my answers: I am a physician business consultant. I have run many successful six- and seven-figure companies. I can help them by identifying additional streams of income outside their medical career. THE FILL IN THE BLANKS ELEVATOR PITCH Another approach is by filling in the following sentence: “I help _________ so they can have ___________ by __________.” The first blank refers to your target market. The second blank refers to what your target market wants, and the third blank refers to the method they will use to achieve it. Here is my elevator pitch: I help doctors, so they can have a better quality of life by teaching them to build additional streams of income. Why the elevator pitch works is because the focus is on the prospect. A big mistake when networking conferences is people love to talk about themselves. Use that to your advantage, and keep the focus on what you can do for them. There is a radio station that we all tune into that is known as WII-FM, which stands for What’s In It For Me? If they have a problem that you can solve, you will have people beating down your door. Your elevator pitch is what is also known as your unique selling proposition (USP). What do you have that makes you special, that really out distances you away from the competition? This is what led me to gain new clients when attending business and marketing conferences. Create and memorize a 30-second elevator pitch that resonates with
Michael Woo-Ming (The Positioned Physician [Updated Edition]: Earn More, Work Smart, and Love Medicine Again)