Posts Tagged ‘increase’

“No matter how skilled you are as an investor, upping your savings rate is more powerful to your wealth than either increasing your income or increasing your investment returns.  That’s because it’s a one-two punch… you increase what you have to invest, while decreasing what you spend.  You also learn how to live longer on less money….  Remember that ultimately, how much you save will be the difference between a lifetime of poverty… or one of wealth.” -David Eifrig

Advertisements

“How to increase your wealth one decimal point at a time:  Develop a financially valuable skill.  A financially valuable skill is a skill that will help you climb the wealth ladder one step at a time.  It is a skill that will put you in the mix whenever the opportunity to acquire wealth appears.

There are not many financially valuable skills.  In fact, there are basically only four: marketing, selling, coming up with profitable ideas, and managing profits.” -Mark Ford

Financial-research firm FactSet explains exactly what’s driving this market forward, despite all of the economic warning signs.  So far this year, 41 different companies have spent more than $1 billion buying back their own shares.  So far this year, U.S. corporations have spent a total of $166 billion on share buybacks.  That’s a 15% increase over last year… and sets a new record annual pace for share buybacks.” -Porter Stansberry

“Never, since the beginning of time up to 2015, has government ever added to wealth.  It has no way to do so; and no intention of doing so.  All it can do is to increase the power, wealth, or status of some people – at others’ expense.” –Bill Bonner

Grow Out of Debt?

Posted: December 24, 2014 in Debt
Tags: , , ,

“To grow your way out of debt you have to increase income faster than debt.” -Bill Bonner

“This paper has investigated the effect of government assistance on bank risk taking. While we do not find a significant effect of government assistance on the aggregate credit supply, our results suggest a considerable effect on the risk of originated loans.

After being approved for federal funds […] participants issue riskier loans and increase capital allocations to riskier, higher-yield securities, as compared to banks that were denied federal funds. [T]he net effect is a significant increase in systemic risk and the probability of distress at approved banks. Overall, our evidence is broadly consistent with the theories that predict an increase in risk taking incentives as a result of government protection.” -Journal of Financial Economics, Professors Ran Duchin and Denis Sosyura

Paying Debt

Posted: April 23, 2014 in Debt
Tags: , , , ,

“There are but two ways of paying debt: Increase of industry in raising income, increase of thrift in laying out.” -Thomas Carlyle