Quotes About Income

put $4,000 into paint and repairs, and put it up for rent.

A business owner can pay for those things with before-tax dollars while an employee pays for them with after-tax dollars.

The key to becoming wealthy is the ability to convert earned income into passive income or portfolio income as quickly as possible.

My highly educated dad always encouraged me to land a good job with a strong corporation. He spoke of the virtues of "working your way up the corporate ladder." He didn't understand that, by relying solely on a paycheck from a corporate employer, I would be a docile cow ready for milking. When I told my rich dad of my father's advice, he only chuckled. "Why

ordinary income is often income from labor.

The other two incomes are income from assets.

In the world of accounting, there are three different types of income: 1.?Ordinary earned 2.?Portfolio 3.?Passive

the income-tax rate of a corporation is less than the individual income-tax rates. In addition, certain expenses could be paid by a corporation with pre-tax dollars.

Promotions or a better job will only help you become more financially secure if the additional money is used to purchase income-generating assets.

Buying or building assets that deliver cash flow is putting your money to work for you. High-paying jobs mean two things: you're working for money and the taxes you pay will probably increase. I've learned to put my money to work for me and enjoy the tax benefits of generating income that doesn't come from a paycheck.

Rich dad constantly reminded Mike and me that the biggest bully was not the boss or the supervisor, but the tax man.

Riqueza no es lo mismo que dinero. A la riqueza no se le mide de la misma manera que al ingreso. A la riqueza se le mide a través del tiempo.

most people went to school and never learned how money works, so they spend their lives working for money.

What would you know about anything, Jasper?" Augustus asked. "Age don't slow a man's whoring. It's lack of income that does that. No more prosperous than you look, I wouldn't think you'd know much about it.

For those aspiring to make a living from travel photography, it's a sad fact that the boring shots are the shots that are going to make you money.

The energy available for each individual man is his income, and the philosophy which can teach him to be content with penury should be capable of teaching him also the uses of wealth.

A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more; otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation.

When the landlord, annuitant, or monied man, has a greater revenue than what he judges sufficient to maintain his own family, he employs either the whole or a part of the surplus in maintaining one or more menial servants. Increase this surplus, and he will naturally increase the number of those servants.

Wages, profit, and rent, are the three original sources of all revenue, as well as of all exchangeable value. All other revenue is ultimately derived from someone or other of these.

wages of labour, the profits of stock, or the rent of land.

The demand for those who live by wages, therefore, necessarily increases with the increase of the revenue and stock of every country, and cannot possibly increase without it. The increase of revenue and stock is the increase of national wealth. The demand for those who live by wages, therefore, naturally increases with the increase of national wealth, and cannot possibly increase without it.

A direct tax upon the wages of labour, therefore, though the labourer might perhaps pay it out of his hand, could not properly be said to be even advanced by him, at least if the demand for labour and the average price of provisions remained the same after the tax as before it. In all such cases, not only the tax but something more than the tax would in reality be advanced by the person who immediately employed him.

It is not the actual greatness of national wealth, but its continual increase, which occasions a rise in the wages of labour. It is not, accordingly, in the richest countries, but in the most thriving, or in those which are growing rich the fastest, that the wages of labour are highest.

Première maxime. - Les sujets d'un Etat doivent contribuer au soutien du gouvernement, chacun le plus possible en proportion de ses facultés, c'est-à-dire en proportion du revenu dont il jouit sous la protection de l'Etat.