Second Income Quotes & Sayings

Never depend on a single income. Make Investments to create a second source." - Warren Buffet — Archie Lee

While society cannot provide employment for its members, the production/work/income nexus has to be abandoned as a justification for our present parsimony to the unemployed. An assumption cannot be used to justify making second-class citizens of those who are unfortunate enough to constitute living proof of the inaccuracy of that assumption. — Bob Hawke

Never depend on single income. Make investment to create a second source. — Warren Buffett

Then Whelk's mother had called and told Whelk that his father had been arrested for unethical business practices and income tax evasion. It turned out the company had been trading with war criminals, a fact his mother knew and Whelk had guessed, and the FBI had been watching for years. Overnight, the Whelks lost everything.
It was in the papers the next day, the catastrophic crash of the Whelk family fortune. Both of Whelk's girlfriends left him. Well, the second one was technically Czerny's, so perhaps that didn't count. — Maggie Stiefvater

In order for our land contribution model to be complete, we have to consider two more aspects of affordable housing. First, we have to minimise the inequality between tenants and landowners, and second, we have to provide the homeless with guaranteed access to land.

Because higher rents are a byproduct of increasing community affluence, tenants get priced out (gentrification). The option of rent control results in a shortage of housing and lower quality housing.

What's required is a new mechanism by which higher rents are equally shared with all residents - a Universal Basic Income, financed entirely by community land contributions.

The homeless should receive free public housing with the cost deducted from their Universal Basic Income. — Martin Adams

Very well then! I'll write, write write. He let the words soak into his mind and displace all else.
A man had a choice, after all. He devoted his life to his work or to his wife and children and home. It could not be combined; not in this day and age. In this insane world where God was second to income and goodness to wealth. — Richard Matheson

Louisiana's fiscal troubles can be traced to the economic boom that followed Hurricane Katrina in 2005, when rebuilding efforts, insurance payouts and federal money pushed cash into the state budget. Many lawmakers expected the heady times and increased revenue to last, and they made the bold decision to cut income taxes by roughly $700 million annually for the highest brackets - a decision some are now second-guessing. — Anonymous

The average American household's income declined for a second year in a row, the data from the Bureau of Labor Statistics show, down 0.9 percent to $64,432. The wealthiest fifth of Americans were an exception: Their incomes increased by 0.9 percent. Among the poorest fifth, incomes fell 3.5 percent. Taking taxes into account, — Anonymous

I'd always assumed that by 40 I'd have at least a modicum of stability - a steady income, an established career, a bountiful fullness, like a pillow into which I could sink as I entered the second half of my life. — Deborah Copaken Kogan

It doesn't matter what the income level of your family is, or if English is the first or second language. It makes no difference. The bottom line is that every child can be an academic champion, an academic champion and a superstar in academics. — Arnold Schwarzenegger

Think about this for a second. Why is it that we would not invest even a single dollar without diversifying it and managing risk, but do exactly the opposite, putting all of our eggs in one basket, with our regular income in our careers? - Chris Lutz, Modular Career Design — Chris Lutz

The combination of these two trends - declining real wages and inflated asset prices - led the American middle class to use debt as a substitute of income. People lacked adequate earnings but felt wealthier. A generation of Americans grew accustomed to borrowing against their homes to finance consumption, and banks were more than happy to be their enablers. In my generation, second mortgages were considered highly risky for homeowners. The financial industry re-branded them as home equity loans, and they became ubiquitous. Third mortgages, even riskier, were marketed as 'home equity lines of credit. — Robert Kuttner

A report by ArchCity Defenders, a non-profit group, found that the municipal court in Ferguson - a city of 21,135 people - issued 32,975 arrest warrants last year, mostly for traffic violations. These fines and fees were the second-biggest source of the city's $20m income. — Anonymous

When two working people decide to marry, their federal income tax is usually increased. As soon as one spouse earns at least 20 percent of a married couple's total income, the couple pays a 'marriage tax.' ... The United States is the only major industrialized nation in the free world in which the tax cost of the second [married] earner's entry into the work force is higher than that of the first. On one hand, our government's social policy is to help working women earn equal salaries to those of men, but on the other we have a tax structure that penalizes them when they do so. — Millicent Fenwick

First, if you're so good they can't ignore you, you can negotiate a premium for your services. And second, an excellent way to boost your income is to generate multiple income streams. — Laura Shin

I conducted an off-site consisting of 25 parents in the Seattle area with an income of $200K+ and whose children are entering kindergarten. The headline is that Galer Street is considered a second-tier school, a fallback option for those who don't get accepted to their first-choice school. Our objective is to move the needle on Galer Street and kick it up into the First-Choice Cluster (FCC) for Seattle's elite. How do we achieve this? What is the secret sauce? — Maria Semple

Once you taste the second income in the household and it changes your lifestyle, you get used to it. — Reema Bint Bandar Al Saud

When a destitute mother starts earning an income, her dreams of success invariably center around her children. A woman's second priority is the household. She wants to buy utensils, build a stronger roof, or find a bed for herself and her family. A man has an entirely different set of priorities. When a destitute father earns extra income, he focuses more attention on himself. Thus money entering a household through a woman brings more benefits to the family as a whole. — Muhammad Yunus

Men lie only in two scenarios. One when
they have to hide their new girlfriend from the existing one(s) and second when they have to hide their income from the tax authorities. — Nitin Sharma

To exist as an advertisement of her husband's income, or her father's generosity, has become a second nature to many a woman who must have undergone, one would say, some long and subtle process of degradation before she sunk [sic] so low, or grovelled so serenely. — Elizabeth Stuart Phelps Ward

While many have been left behind by Part D, there is a clear winner: the drug industry. Independent analysts predict that Part D will increase drug industry profits by $139 billion over the next eight years. Glaxo-SmithKline's second-quarter net income already jumped 14 percent, and other leading drug companies also have benefited. — Louise Slaughter