Diversifying Income Quotes

The purpose of diversification is so that when one investment goes down or is not doing well, you are insulated from the result because of the others you have in place. In a job or career, most of us are trying to specialize so much so that we've ended up with all of our eggs in the same basket. That's not managing risk at all. That's putting yourself at risk. - Chris Lutz ~ Chris Lutz

Income is the natural and rational gauge and measure of respectability. ~ Ambrose Bierce

Poor children in Baltimore face even worse odds than low-income kids elsewhere, mostly because they remain in impoverished neighborhoods. ~ Gwen Ifill

If you can get yourself to read 30 minutes a day, you're going to double your income every year. ~ Brian Tracy

The tragedy of government welfare programs is not just wasted taxpayer money but wasted lives. The effects of welfare in encouraging the break-up of low-income families have been extensively documented. The primary way that those with low incomes can advance in the market economy is to get married, stay married, and work - but welfare programs have created incentives to do the opposite. ~ Michael Tanner

I make an eight-figure income annually. ~ Nick Hanauer

The biggest hypocrites on gun control are those who live in upscale developments with armed security guards - and who want to keep other people from having guns to defend themselves. But what about lower-income people living in high-crime, inner city neighborhoods? Should such people be kept unarmed and helpless, so that limousine liberals can 'make a statement' by adding to the thousands of gun laws already on the books? ~ Thomas Sowell

I think that Governor Romney operates on the capital gains tax, his investments, what he lives off of instead of doing it off of his income. ~ Allen West

Passive Income: It's not just about real estate ~ Chris Guillebeau

Job security is a myth ... it is also risky for self-employed people in my opinion. If they get sick, injured, or die, their income is directly impacted. ~ Robert Kiyosaki

Money not spent on a luxury one considered even briefly is the equivalent of windfall income and should be spent accordingly. ~ Calvin Trillin

There are some rights that are so fundamental to our society that you'd think the public debate would be closed on them. The right of every American citizen to vote - regardless of age, race, or income level - is one of them. ~ Martin O'Malley

It's not like I wake up every morning and just can't wait to write. It is my job. It's much easier to not write. I'd rather read. This is my income. This is what supports my family. Having a child is a pretty big incentive to keep working. ~ Chevy Stevens

The gambling industry actually generates more income than the music, sports, and movie industries combined. ~ William D. Willis

When I was in high school in the early 1970s, we knew we were running out of oil; we knew that easy sources were being capped; we knew that diversifying would be much better; we knew that there were terrible dictators and horrible governments that we were enriching who hated us. We knew all that and we did really nothing. ~ Carl Safina

A man is rich whose income is larger than his expenses, and he is poor if his expenses are greater than his income. ~ Jean De La Bruyere

I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
The reason I am is because I believe the big problem is not taxes, the big problem is spending. The question is, 'How do you hold down government spending? The only effective way I think to hold it down, is to hold down the amount of income the government has. The way to do that is to cut taxes ~ Milton Friedman

In general, anyone who paid the long distance telephone tax will get the refund on their 2006 federal income tax return. This includes individuals, businesses and non-profit organizations. ~ Virgil Goode

I'd always assumed that by 40 I'd have at least a modicum of stability - a steady income, an established career, a bountiful fullness, like a pillow into which I could sink as I entered the second half of my life. ~ Deborah Copaken Kogan

Too often the pressure for popularity, on children and teens, places an economic burden on the income of the father, so mother feels she must go to work to satisfy her children's needs. That decision can be most shortsighted. ~ Ezra Taft Benson

May you have the income of a Republican and the sex life of a Democrat! ~ Johnny Carson

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. ~ Jim Rohn

When you diversify your mutual funds, you are diversifying something that is already diversified. Diversifying mutual funds is like taking high octane gasoline & adding water & then adding orange juice to it. ~ Robert Kiyosaki

Realize that you earn income by providing value - not time - so find a way to provide your best value to others, and charge a fair price for it. ~ Steve Pavlina

I had no choice but to understand that people can demean and hit you and in their better moments love you, at once be a mess themselves and carry a deep pride in your strange togetherness. They suffered from weakness of character, yes-just like every other person, in every other income bracket. What really put shame on us wasn't our moral deficit. It was our money deficit. ~ Sarah Smarsh

Yet, individuals and corporations in Puerto Rico pay no federal income tax. ~ Dick Thornburgh

I worry that some politicians still think we are living in the 1950s where the man is the main breadwinner and the woman works for pin money. Actually, most families where there are two parents depend on two incomes to get by. ~ Frances O'Grady

Charity is the best form of prayer. Do whatever little you can to help the not so fortunate. You may donate a small portion of your income, you may take out time to teach the underprivileged children, sponsor a meal for the hungry or just spend some time with an old lady who has no one. I am sure that you will move one level high on the spiritual plane. Like prayers, doing charity once is not enough. You have to do it continuously, as much as possible. ~ Neelam Saxena Chandra

Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away ~ Ludwig Von Mises

In a world of true abundance you shouldn't have to work to justify your life. ~ Sam Harris

At my public school I had hated every other face for fear the owner was a lord, at university, I was to court the rich while doubting whether there should be great inequalities between incomes. ~ Henry Green

If you were allowed one wish for your child, seriously consider wishing him or her optimism. Optimists are normally cheerful and happy, and therefore popular; they are resilient in adapting to failures and hardships, their chances of clinical depression are reduced, their immune system is stronger, they take better care of their health, they feel healthier than others and are in fact likely to live longer. A study of people who exaggerate their expected life span beyond actuarial predictions showed that they work longer hours, are more optimistic about their future income, are more likely to remarry after divorce (the classic "triumph of hope over experience"), and are more prone to bet on individual stocks. Of course, the blessings of optimism are offered only to individuals who are only mildly biased and who are able to "accentuate the positive" without losing track of reality. ~ Anonymous

Fairness dictates that the highest income people should pay the greatest share of taxes, and they do. ~ Mitt Romney

In low-income countries, getting to a health post is hard. It's very expensive. ~ Bill Gates

Similarly, though the United States is one of the world's richest economies by per capita income, it ranks only around seventeenth in reported life satisfaction. It is superseded not only by the likely candidates of Finland, Norway, and Sweden, which all rank above the United States but also by less likely candidates such as Costa Rica and the Dominican Republic. Indeed, one might surmise that it is health and longevity rather than income that give the biggest boost to reported life satisfaction. Since good health and longevity can be achieved at per capita income levels well below those of the United States, so too can life satisfaction. One marketing expert put it this way, with only slight exaggeration: Basic Survival goods are cheap, whereas narcissistic self-stimulation and social-display products are expensive. Living doesn't cost much, but showing off does. ~ Jeffrey D. Sachs

If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled. ~ Benjamin Graham

You may feel like your future is slipping from your grasp, that if you don't rush now to greet your dreams you might lose out on them, but please wait. If you are coming from an unsupportive environment with regards to your sexual orientation, the best thing to do is to establish your independence. Make sure you have a support network of loving and loyal friends. Make sure you have somewhere to live. Make sure you have an income to sustain you. Place a premium on your life. Always, always place a premium on your life.

When all these elements have been configured and your psychic compass is at the ready, go forth in the knowledge that you've created a self-preserving future for yourself. Go forth in the knowledge that you have a safe space to call home. Go forth in the knowledge that not only are you kicking ass but you are kicking ass on a major scale. Go forth in the knowledge that not only are you winning at life but you have already won. ~ Diriye Osman

A consumption tax, a national sales tax makes some sense. But I think that if we move towards a Fair Tax, if we move towards a national sales tax, we have to make sure that we do away with the income tax. ~ Ken Buck

Do you earn income as a model? Maybe I do. ~ Blake Lewis

Now, McDonald's is a very good indicator of the global economy. If McDonald's doesn't increase its sales, it tells you that the monetary policies have largely failed in the sense that prices are going up more than disposable income, and so people have less purchasing power. ~ Marc Faber

Pliny the Elder once said that the Romans, when they couldn't make a building beautiful, made it big. The practice continues to be popular: If we can't do it well, we make it larger. We add dollars to our income, rooms to our houses, activities to our schedules, appointments to our calendars. And the quality of life diminishes with each addition. On the other hand, every time that we retrieve a part of our life from the crowd and respond to God's call to us, we are that much more ourselves, more human. Every time we reject the habits of the crowd and practice the disciplines of faith, we become a little more alive. ~ Eugene H. Peterson

when there doesn't seem to be enough time for all you hope to accomplish, must you give things up (sleep, income, a clean house), or can you learn to condense activities, to do more in less time, to "work smarter, not harder, ~ Mason Currey

I'm making a case against how money managers are handling customers' money. The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that's not the way wealth is created. ~ Michael Lee-Chin

The income effects in an economy always sum to zero. ~ Arthur Laffer