A Quote by Zanny Minton Beddoes
You make money out of things people pay for.
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The health insurance industry does not like to pay out claims, because they don't make money. The only way they can make a profit is if they don't pay for your operation. If they pay for your operation and your doctor's appointment and your pharmaceuticals, they don't make any money.
The Trump people make it extremely hard to figure out what's going on with their businesses, so we've done things like try to figure out all the people, the charities who rented out ballrooms and hotel rooms, all the NBA teams that stay at his hotels, people that pay him a lot of money and have other choices.
The goal of a private company is, first, zero to one. Get past the product market fit, figure out whether people actually care about what you're trying to build and someone will pay you money for that. That's the zero to one problem. So scaling, one through N, is figuring out can you do that at scale and how big is the scale. And when people pay you more than what it costs for you to make it, does that equation end up leaving you with money left over, i.e. profits.
Avoid debt that doesn’t pay you. Make it a rule that you never use debt that won’t make you money. I borrowed money for a car only because I knew it could increase my income. Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer.
I know how to create and make people feel something. Honestly, if I didn't do this, I would just have some minimum-wage job in New Mexico, and I would go out on the weekends and make just enough money to pay my insurance and pay for a couple beers, and that would be it.
If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich.
People will download the music for free and they'll pay for it if they want to give you a compliment. They don't have to pay for it. And the only way the artist can make money was by touring 'cause the record label didn't take that money. Unfortunately now, cause the record company's not making money from the downloads, now they want to take money away from everything.
If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich. If you do smart things and use leverage and do one wrong thing along the way, it could wipe you out, because anything times zero is zero. But it's reinforcing when the people around you are doing it successfully, you're doing it successfully, and it's a lot like Cinderella at the ball. [...] And everybody thinks they're going to leave at two minutes to 12.
I make a lot of money. I can take a pay cut. All my friends are taking pay cuts that are in the unions, that are - that are farming in Alabama or whatever it is. I can surely take a pay cut, too, not cutting down my show or - or the people that work for me, I can take a pay cut.
Basically, I think that most people either make too much money or not enough money. The jobs that are essential and important pay too little, and those that are essentially managerial pay far too much.
You can't make money on Broadway. You make nothing. You maybe make like $1,350 a week after you pay out all the producers.
Never do things for money. It's always the things you do for love that turn out to pay the best.
The more money you make, the less you have to pay for things.
The secret of living is to find people who will pay you money to do what YOU would pay to do if you had the money.
If I'm owed money, but I say, 'Don't pay me, pay my cousin. Don't pay me, pay my charity,' you can do that, but then the IRS requires that you pay income tax on that. It's your income if you earned it and you directed where it went. If you exercised control over where the money went, you have to pay income tax on that.
I always tell people there's only one trick to writing: You have to write something that people are willing to pay money to read. It doesn't have to be very good, necessarily, but somebody, somewhere, has got to be willing to pay money for it.
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