— Joe Ponzio
If you stopped working today and continued to live at your current standard of living, how long would you last? If you could last a month, then you are one month wealthy. If you could last five years, then you are five years wealthy. And if you could last forever, then you are indefinitely wealthy.”
— R. Buckminster Fuller
Many people interpret this to mean, ‘If I need $4,000 per month to live on and I have $400,000 saved up, then I am 100 months wealthy.’
However, there is a much better way to look at this concept. What if your $400,000 produced passive income, income you received without having to work? For example, what if you made 12% in passive income from investing in certain stocks with your $400,000? Twelve percent of $400,000 is $48,000, so your $400,000 could give you $48,000 in income. When you divide that yearly income by 12 months, it amounts to $4,000 per month. You could live off that income indefinitely and be financially free. You would never have to work again.”
— Van K. Tharp
You might wonder if the $4,000 per month that person needed for financial freedom included taxes. It should, but if you meant $4,000 per month after taxes, then you either have to minimize your taxes or include them in your monthly number. The good news is that you’ll pay much less in taxes on passive income than you will on earned income. When your money works for you, the returns don’t get taxed by nearly the amount that your income gets taxed when you work for money.”
— Van K. Tharp
— Geraldine Weiss
The importance of dividends in determining value in the stock market cannot be overstated. The main reason investors are willing to risk their capital in anything is to get a return on their investment. In the real estate market, that return is rent. In the money market, it is interest. And in the stock market, it is a cash dividend.
Folks who ignore the importance of dividends in making stock market selections are not investors. They are speculators. Speculators hope the price of a stock will go up and reward them with profits. Investors know that stocks that pay dividends go up too. Meanwhile, they are getting a return on their capital. They believe the old adage: A bird in the hand is worth two in the bush”
— Kelley Wright
— Wences Casares
…It might be tough to understand it if you live in the United States, but I am from Argentina. My family has been in Argentina for over a hundred years. And the government has taken all our money away and bankrupted us three separate times over that time — seizing bank deposits, inflating us twice out of existence.
So Bitcoin is a way around that. Governments can’t control it, they can’t seize it, it can be sent instantaneously.
Look, the stupidest thing anybody could ever do would be to put more money in bitcoin than they could afford to lose 100% of, because there is a non-trivial chance that it goes to zero.
The second stupidest thing you could ever do is to own no bitcoin whatsoever, because there is also a nontrivial chance that it could go to $1,000, $5,000, $10,000, $50,000, $100,000 even a $1,000,000 per bitcoin.
My advice to people who are interested is to put 1% of your liquid net worth in bitcoin… and then forget about it – do not trade it, do not do anything with it, and it will be zero or it will be worth a lot.”
— Martin Scheepbouwer, CEO of Naspers Inc. classified business
There is an estimate of $300 billion worth of goods stored in storage facilities, which in number exceeds the number of McDonalds, Starbucks, and subway outlets combined.”