A Quote by Sallie Krawcheck
If a woman is making $85,000 a year, putting aside 20% of her income, putting it in a bank, earning very little...Over the course of her life vs. investing, this can cost her $1.5 million, $2 million, $2.5 million. Life changing amounts.
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Hillary Clinton is making income inequality a central theme in her campaign. Yeah, for example, today she pointed out that her husband makes $300 million a year. She has to get by on $200 million a year, and that's not fair.
A retired teacher paid $62,000 towards her pension and nothing, yes nothing, for full family medical, dental and vision coverage over her entire career. What will we pay her? $1.4 million in pension benefits and another $215,000 in health care benefit premiums over her lifetime.
The Ellevest target client is the professional woman who either has her own money or has agency over her family's money. She is among the 75 million women in the U.S. workforce who want to take financial control and is looking for a straightforward way to achieve her dreams on her own terms.
We have so many films that we can fit into the slate a year, and we spend $100 million on those films in order to make $400 million dollars. We don't spend $20 million in hopes of eking out $40 million.
The million, million, million ... to one chance happens once in a million, million, million ... times no matter how surprised we may be that it results in us.
The concept of productivity in America is income divided by labor. So if you're Goldman Sachs and you pay yourself $20 million a year in salary and bonuses, you're considered to have added $20 million to GDP, and that's enormously productive. So we're talking in a tautology. We're talking with circular reasoning here.
In 1970, there were approximately 330,000 prisoners in the US. Today there are 2.3 million behind bars - more than any country in the history of the world. In 2009 alone there were 1.6 million drug-related arrests in the U.S. 1.3 million of these were for possession of drugs alone. Over half were related to marijuana. The forty-year war on drugs has cost $2.5 trillion.
For the typical Americans, most of their income comes from wages. So, for people making less than $1 million a year, about 70% of their income comes from wages. But for those making more than $1 million, for the top 0.3%, it's the opposite.
Whenever you have a few setbacks, the idea that half as many children are dying now as back in 1990 and so... it was over 12 million a year, now it's less than 6 million a year. We have a clear path to get that under 3 million a year and we know what to do. And this generation of young Africans is a very large group.
We have made a commitment to feed 20-million people over the next two years. We are somewhere around 10 million. But I can promise you that we are not going to stop at 20 million. Because hunger, there is almost no cure for it. You can take care of the problem today, but it is a recurring problem.
(On the energy radiated by the Sun) It's four hundred million million million million watts. That is a million times the power consumption of the United States every year, radiated in one second, and we worked that out by using some water, a thermometer, a tin, and an umbrella. And that's why I love physics.
When I build something for somebody, I always add $50 million or $60 million onto the price. My guys come in, they say it's going to cost $75 million. I say it's going to cost $125 million, and I build it for $100 million. Basically, I did a lousy job. But they think I did a great job.
The idea of a company that's earning money, not losing money, that's not, let's say 'industrially endangered,' to have just cutbacks so they can earn another $12 million or $20 million or $40 million in a year where no one's counting is really a horrible act when you think about it on every level. First of all, it's certainly not necessary. It's doing it at the worst time. It's throwing people out to a larger, what is inevitably a larger unemployment heap for frankly no good reason.
If a book has a predictable storyline or familiar situations, there's little satisfaction for me in writing it. A woman deciding which man she'll spend her life with? I've read that story a million times, but a stepmother deciding which of her children she'll save in a freak accident? Now that's a challenge.
In certain states, if a woman makes $12,000 a year, and lives with her quarter-of-a million dollar boyfriend and they don't get married, as long as they don't get married, she gets maybe 20 or 30 thousand dollars in pre-tax benefits in terms of food stamps, health care and housing allowance.
You will learn more about Donald Trump by going down to the federal elections, where I filed a 104-page essentially financial statement of sorts, the forms that they have. It shows income - in fact, the income - I just looked today - the income is filed at $694 million for this past year, $694 million. If you would have told me I was going to make that 15 or 20 years ago, I would have been very surprised.
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