A Quote by Marcus Smart
Just make sure that you know what's going on with your money and you know where you money is coming from and how much is coming out and going in.
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The plan is to make money, and we know the fans are going to ask for mixtapes, and those mixtapes are going to hit. So when we put a tape out, we have more money coming in, that's why we work hard at it.
First, you should take money and have plenty of money fueling your tank. But money becomes dangerous if you assume it's going to keep coming. Make sure you can get your burn rate to a sustainable level if you hit the brakes hard, within 90 days.
I wasn't born into money, and you never know when that money's going to stop coming in.
[William Butler] Yeats has the phrase Hodos Chameliontos, chameleon-like, in that you don't know where the beginning or the middle or the end is, so it's an unrelieved hallucination, because you don't know where you're coming in and you don't know where you're going out. It ends, you're going into the hallucination, or maybe coming out of it, I don't know.
Coming out of college, you never really know how good you are, you've never played for money, you've put all your eggs in one basket and your whole life revolves around it. For a while, I didn't think I was going to be good enough.
We know there are a lot of good secondaries out there. We are just trying to focus on what we can do to get better. We've got some new, young guys coming in and we are trying to catch them up to speed. We are trying to make sure that we have depth, making sure the guys behind us know what is going on. We are going to keep pushing each other to raise the standard for our secondary.
There's an obligation to let people know where their money is going, so the tour has an educational aspect, mostly as a way to thank people. But the most practical use is to raise money and do the research to figure out the proper ways to spend it. You want to make sure that the money doesn't just go somewhere where it does more harm than good.
I had no clue about taxes at all. I didn't know they hit your paycheck. There's something that you've always got to put money away for. I didn't know you've got to put money away for it, even though it's coming out your own money. It's like, 'What the heck?'
Good money management alone isn't going to increase your edge at all. If your system isn't any good, you're still going to lose money, no matter how effective your money management rules are. But if you have an approach that makes money, then money management can make the difference between success and failure.
Hollywood is a business and movie studios are only going to do what's going to make money. It's not an altruistic thing. They are blatant grabs for money. Responsible studios want to make quality pictures, but at the same time nobody is going to make quality pictures they know aren't going to make any money.
I ask people what they do in sales, how much money they made last year, what their cost of sales is, and they don't even know. If you don't know your numbers, you're going out of business. I don't care how good your product is.
Make sure that when you're going out, you wear socks, because I've been seeing some people coming out with no socks and that. You know, your toes looking like Cheetos. We don't need all of that.
This is going to sound horrible, but I don't even know how much I make in a year. It must be, you know, a couple of million dollars, a few million. I know it's more money than my dad, a jail guard, made in his lifetime; more money than I'll ever need.
Banks wont even loan each other money, everybody's going broke, and here we are inside here, these people are going to be out on the street selling apples and pencils and they're still going to be buying paintings for this money, so I don't know what's going on in this world.
As the TiVos and the Replays are coming into our world - and they're coming - it's better to - be inside the tent and figure out what they're doing and to work hand in hand with them as opposed to saying, 'You know what, the automobile is not going to work. I'm going to stick to my horse and carriage,' you know.
The only way people can repay the debt is by cutting their living standards very drastically. It means agreeing to shift their pension plans from defined benefit plans - when you know what you're going to get - into just "defined contribution plans," where you put money in, like into a roach motel, and you don't know what's coming out.
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