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Archive for the ‘Financial Philosophy’ Category

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I would rather earn 1% off a 100 people’s efforts than 100% of my own efforts. -John D. Rockefeller
There are two types of income:
1) Passive
2) Everything else
Passive income is simply income from a source that requires little to none of your time. Essentially, you earn passively.
Everyone has the same amount of hours in a [...]

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A few people love their job and make due with what they earn, God bless them. Most people, however, hate their jobs but are dependent upon it. Similar to smoking or a drug habit, people are addicted because they need the fix (paycheck), but they hate the addiction and can’t break it cold turkey. A [...]

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This is the most simple financial concept and most simply ignored. I have a theory that states: If a person receives a lump sum of money (inheritance, settlement, lottery, etc), that is more than that person could have earned with their own business potential, then they will lose every penny. By lose, I don’t [...]

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