Quotes About Income

It is not just that people are staying physically put. They are also likelier to stay trapped in the same income group. America, in particular, which had traditionally shown the highest class mobility of any Western country, now has the lowest.

The emergence of China is the most dramatic event in economic history. We are living in an age of convergence no less dramatic than the age of divergence brought about by European colonialism and the Industrial Revolution. The downward pressure on the incomes of the West's middle classes in the coming years will be relentless.

the Toil Index – the number of working hours it takes a median worker to pay the median rent in one of America's big cities. In 1950 it took forty-five hours per month. A generation later it had edged up to fifty-six hours. Today it takes 101 hours.

The West's median income, meanwhile, has barely shifted in the last half-century.

The single most important factor in predicting health, longevity, occupational success, income, leadership ability, and general happiness comes down to one four-letter word. "It's love," Vaillant famously stated. "Full stop.

even much richer, than others. I object to gain of wealth through political connections rather than earning it by merit. If a basketball franchise pays my neighbor Kobe Bryant $20 million a year because it takes that much to get him, fine. But if hedge fund managers bribe politicians to put a clause in the laws cutting the tax rate on much of their income to a fraction of the percentage the average worker pays, I object.

Moshe Adler, in his article "Overthrowing the Overpaid," points out, economists David Ricardo and Adam Smith, writing more than two hundred years ago, "concluded that what a person earns is determined not by what that person has produced but by that person's bargaining power. Why? Because production is typically carried out by teams…and the contribution of each member cannot be separated from that of the rest.

Wealth, which I use synonymously with the accountants' term net worth, shows how rich you are now, whereas income measures how much money your wealth, labor, and ingenuity are currently generating.

It's that increase in net worth from year to year that takes you up the ladder of wealth. To measure your increase in wealth from one year to the next, compare the yearly balance sheets. Divide the difference by the beginning wealth to get your percentage change for the year. This gives you an idea of how fast you are compounding. If you also construct an income statement for the period, the net income after expenses should match your change in net worth.

To get an idea of what your time is worth, take a moment now to think about how much you work and the income you get from your effort. Once you know your hourly rate you can identify situations where buying back some of your time is a bargain and other situations where you want to be selling more of your time. As you get used to thinking this way, I predict that you will often be surprised at how much you can gain.

In its simplest form, investors sell losing stocks before the end of the current year, realizing losses that reduce the year's income taxes. This behavior contributes to the so-called January effect where selling pressure in December further depresses the stock prices of the year's losers, followed by a rebound and excessive performance in January.

In a typical life cycle, prior to adulthood we consume more than we produce. As we acquire education and training, we contribute more to society than it takes to support us. During this period, a prudent or fortunate investor will accumulate wealth from which to draw upon later as he ages and reduces his income from work.

As you may know, the Diplomatic Service does not pay very well even in its highest positions. Oh, we shouldn't starve.

A person should not crack jokes regularly until he is making money out of it like any comedian, else most people around him are most likely to treat him like a mentally CRACK only

A teacher or lecturer who is living a luxurious lifestyle should be known of his true source of income.

Everyone does the adjustment to counteract the effects of an inflation, but the only difference is that the BUSINESSMEN do it by hiking their product and/or services prices to stay within their profit level whereas the majority of the SALARIED-CLASS PEOPLE do it by reducing their expenses to stay within their income level; so the inflation largely affects the latter than the former group of people.

Sensibly, it is better to be an illiterate or less educated and make an earning of an amount X than be highly or moderately academically qualified and yet be paid X or even less or marginally high.

The preachers earn money a plenty without any effort while the teachers hands remain often empty in spite of doing hard work.

The salary hike is needed only by most of the employees as they require daily fuel for their bike, not by the private organization's chief captain who has many other sources of income to lead an extravagant lifestyle.

those at the top of the income spectrum are among the most likely to be time-poor.

As one man explains, "A lot of us have done okay, but we don't want to lose what we've got, see it given away." When I ask him what he saw as being "given away," it was not public waters given to dumpers, or clean air give to smoke stacks. It was not health or years of life. It was not lost public sector jobs. What he felt was being given away was tax money to support non-working people and non-deserving people--and not just tax money, but honor too.

Men who leave the workforce for family reasons can expect to earn 26.4 percent less later in their careers than they would have had they never left the workforce. Women face a 23.3 percent financial penalty.

I was very glad I could afford to say no. With the income from my businesses, I didn't need money from acting. I never wanted to be in a financially vulnerable position, where I had to take a part I didn't like.

I know I earn less at my primary school than you do, but I don't have to work as hard at my primary school.