A Quote by Porter Stansberry
You can survive your income falling if it's not dramatic. Your income can decrease for a long time before you start living beyond your means.
Related Quotes
What starting your company means: you will lose your stable income, your right to apply for a leave of absence, and your right to get a bonus. However, it also means your income will no longer be limited, you will use your time more effectively, and you will no longer need to beg for favours from people anymore.
The truth is, if you are a woman saving 10% of your income for retirement, and you put it in the bank account, your chances of retiring well - living on 90% of your pre-retirement income for your full life - is 0%.
Your income is a direct reward for the quality and quantity of the services you render to your world. Whatever field you are in, if you want to double your income, you simply have to double the quality and quantity of what you do for that income. Or you have to change activities and occupations so that what you are doing is worth twice as much.
Remember life insurance is intended as income replacement to help dependents and or/spouse pay for things that your income would have covered. When you get to the point that you're dependents (Your kids mostly) aren't dependent on your income, you could reduce the amount of life insurance you are carrying.
If your employer pays your health insurance, that's not counted as income to you. And any economist would say that's your income, because they'd pay a higher wage if they didn't take it. That's a huge loss to the Treasury.
My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
Focus on all four of your net worth factors: increasing your income, increasing your savings, increasing your investment returns, and decreasing your cost of living by simplifying your lifestyle.
Your income tends to equal the average income of your five best friends.
If you're a wealthy heir with a trust fund, and you sell stocks, make your 10% gains since Donald Trump, and then you buy other stocks, you can avoid paying taxes. And if your accountant registers your wealth offshore in a Panamanian fund, like Russian kleptocrats do - and as more and more Americans do - you don't have to pay any tax at all, because it's not American income, it's foreign income in an enclave without an income tax.
Give according to your income lest God make your income according to your giving.
If you're a full-time manager of your own property - and full-time, according to Congress, is 15 hours a week - you can take unlimited depreciation and use it to offset your income from other areas and pay little in tax. One of the biggest real estate tax lawyers in New York said to me, if you're a major real estate family and you're paying income taxes, you should sue your tax lawyer for malpractice.
Whatever your income, always live below your means.
The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one from equity account. And you want them to grow over time.
If you depend on your company to take care of your retirement, your future income will be divided by five. Take care of it yourself, and you can multiply your future income by five.
The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.
You need passion and commitment in your sport or else you will never survive that long. Of course you also have to give it your best shot and be responsible for your own behaviour both on and off the field before you can fully enjoy the game for such a long period of time.
Related Authors
Al Goldstein Quotes
American
Publisher
Arthur Hays Sulzberger Quotes
American
Publisher
Felix Dennis Quotes
British
Publisher
Hugh Hefner Quotes
American
Publisher
James Thomas Fields Quotes
American
Publisher
Jann Wenner Quotes
American
Publisher
Jeffrey Tucker Quotes
American
Publisher
Jonathan Galassi Quotes
American
Publisher
Joseph Pulitzer Quotes
American
Publisher
Katharine Weymouth Quotes
American
Publisher
Larry Flynt Quotes
American
Publisher
Malcolm Forbes Quotes
American
Publisher
Marcus Garvey Quotes
Jamaican
Publisher
Mortimer Zuckerman Quotes
Canadian
Publisher
Rupert Murdoch Quotes
American
Publisher
William Randolph Hearst Quotes
American
Publisher