Posts Tagged ‘working’

Half Days?

Posted: April 18, 2019 in Thought for the Day
Tags: , , , , , , , ,

“I’ve gotten ahead by working half days. And you know what? It doesn’t matter which 12 hours a day I work.” -Peter Gruber

Advertisements

“The definition of wealth is the number of days you can survive without physically working (or anyone in your household physically working) and still maintain your standard of living. It’s that simple. It’s not about what you can buy. It’s about your ability to sustain your existence without working.” -Robert Kiyosaki

“The U.S. 10-year bond yield rose to a seven-year high of 3.24% – nearly 2% above its bottom in July 2016.

This 2% increase, imposed on $68 trillion of debt, is equal to an extra $1.3 trillion in interest charges….

To look at it another way, the typical working person who works an average of 33 hours per week earns $26 an hour. His percentage of the total debt is about $500,000.

At today’s interest rate, he will have to work 558 hours – or three and a half weeks (not including taxes) – just to keep up with the interest payments. Clearly, this is impossible…” -Bill Bonner

“Traditionally, inflation has been defined as ‘an increase in the amount of currency in circulation’….   Unfortunately, in recent decades, even dictionaries have been offering a revised definition of inflation, as ‘an increase in the price of goods and services’….

The purpose of bank-created inflation is to extract wealth from the populace.  By regularly increasing the amount of currency in circulation, banks create an environment in which the concept of debt appears to be beneficial. As a result, virtually everyone in today’s society not only has debt; he actually believes that he couldn’t improve his life except through debt….  In essence, the inflation concept was invented by banks as an invisible tax—a means by which they could extract wealth from the populace.

In effect, the individual is used by the banking system as a milk cow. For his entire working life, inflation is carefully adjusted to extract as much monetary value from his labours as possible, whilst still leaving him capable of continued production….

Refuse to borrow money for any situation. Yes, it will mean that, as your friends show off their new cars, you’ll be driving an older model. They’ll also live in nicer houses than you and they’ll ‘own’ their own house before you do. But, at some point, since you’re free from debt, you’ll pass them by and eventually retire well.

By understanding inflation, and acting on that understanding, the odds of living your life as a milk cow can be greatly diminished.”

-Jeff Thomas

Nothing Easy

Posted: March 31, 2018 in Thought for the Day
Tags: , , , , , ,
"It’s about leaving something that isn’t working for you. Even if that means not 
knowing the next step.  There’s nothing easy about this." -James Altucher

“Getting money without working for it is probably more often a detriment than a boon to civilized behavior….  But Bell [Clive] is completely mistaken if he thinks that free money alone, handed out to the mob, will bring a more enlightened, more literate, and more sophisticated society.  Instead, it will make us poorer in every way – economically and socially.  And culturally.  It will be a disaster.  It’s work, challenges, and struggles that give meaning to our lives, not money.” -Bill Bonner

“Have you quit on yourself?  It’s that time of year when most folks give up on their New Year’s resolutions.  According to a survey from the University of Scranton, after one month, 46% of people have already quit working on their resolutions. 

And among the top resolutions is to start exercising.  I want you to walk.  Walking is easy, free, and just about anyone can do it.  Even better… walking helps you live longer.  A brand-new study from the U.K. showed that substituting 30 minutes of light activity, such as walking, for 30 minutes of screen time, cut risk of early mortality.

If you feel like you’re in a slump or have a problem with the blues, get out and get walking.” -Dr. David Eifrig