You can't convert earned income to investment income.
Sure you can. Take your earned income to buy dividend-paying stocks, rental properties and/or other income producing assets. Take the investment income from those assets to buy more of the above. When your investment income exceeds your earned income, quite your earned income job.
I think if it was as easy as depicted here, then everyone would be doing it.
It takes a lot of determination to consistently apply those principles. I filed for Chapter Seven bankruptcy in 2011 after being out of work for two years. Six years later I'm back to where I was financially in 2007 before the Great Recession.
Maybe there is more to it than what I see on the wikipedia page, but it people need a little more than conventional knowledge.
Read the book. Saving money is half the struggle. Making the children, grandchildren and great-grandchildren of your money work for you is the other half.
It's that they can afford to hire people to find/exploit every tax loophole they can.
You can use that as an excuse or educate yourself on the tax laws. Earned income is taxed at the highest rates, investment income is taxed at a lower rate. Convert earned income into investment income and pay less in taxes.
It's the fact that the rich pay less (in terms of % income) than the middle class.
That's because earned income (wages) get taxed at a higher rate than investment income (rental properties, capital gains and dividends). Romney paid less in taxes because the majority of his income was investment. Obama paid more in taxes because the majority of his income was earned. Don't like the taxes you're paying? Convert earned income into investment income.
Mark 2030 on your calendar. That's when the majority of baby boomers are retired, retirees will outnumber workers, and two-thirds of the federal budget will go to Social Security/Medicare. Taxes will have to go way up to pay for everything else.
[...] but you are comfortable posting under an account linked to your IRL self [...]
That's because I keep my personal life separate from my professional life. The two don't overlap in anyway.
[...] and the Trump supporter had to hide behind AC, quite possibly for his personal safety.
Quite possibly this is the same asshat who accused me of threatening to shoot him for six weeks. He doesn't need protection. He needs a psychiatric ward.
Then you are aware the current intelligence capabilities mean the unelected individuals in intelligence have more blackmail material than Hoover could have ever began to dream of on any given politician which means they are in charge, not the politicians.
If Obama can get the Peace Prize and bomb Syria, I'm pretty sure Trump can bomb Syria and at least hold on to office.
Obama never bombed Syria. He kept the US out of Syria because the last you want to do is get involved in another country's civil war. Unlike past Republican presidents, Trump may not get a bounce from blowing shit up.
Does it seem like Dell systems have a problem installing the Windows 10 Anniversary update? I had to do a clean install on my own Dell laptop. A friend's Dell desktop can't install the Anniversary update and may require a clean install.
Its been the case for years - the first time I saw one posted here I thought it was a trash site co-opting the MIT name.
I thought it was more like the Stanford School of Business that graduates students who are more interested in writing the next billion dollar app than changing the world of business. Having a Stanford MBA is a good reason for hiring managers to pass over a resume.
For the government of CA or for a small private company?
I work for a small contracting agency which works for a larger contracting agency that has a government contract. Hence, I'm in government IT as a contractor. This is a specific as I can be about my current job. Otherwise, I might get contacted by whistleblowers (which did happen), news media or right-wing political extremists.
In "Two Faces of Tomorrow" by James P. Hogan (republished in "Cyber Rogues"), the AI worked and everyone was happy. In fact, the AI worked too well. The AI started taking shortcuts that was efficient from its point-of-view but endangered human lives. If the AI became aware, could the plug still be pulled? The latest AI tech got installed on a space station habitat and humans went to war to push the AI to the limit. Of course, that's science fiction. But it might help to understand what's going on with an AI than be happy that it works.
[...] had taught itself to drive by watching a human do it. Getting a car to drive this way was an impressive feat.
When my mother was a teenager and on her first attempt to learn how to drive, she managed to plow her daddy's Caddy into a telephone pole. She never learned how to drive after that. If we're getting to tech AI's to drive, my mother wouldn't be a good example to follow.
Slashdot Mirror
You can't convert earned income to investment income.
Sure you can. Take your earned income to buy dividend-paying stocks, rental properties and/or other income producing assets. Take the investment income from those assets to buy more of the above. When your investment income exceeds your earned income, quite your earned income job.
(Don't give me that "work hard and save" bullshit.)
With an attitude like that, I know you won't read "The Richest Man in Babylon" to get started.
https://en.wikipedia.org/wiki/The_Richest_Man_in_Babylon_(book)
I think if it was as easy as depicted here, then everyone would be doing it.
It takes a lot of determination to consistently apply those principles. I filed for Chapter Seven bankruptcy in 2011 after being out of work for two years. Six years later I'm back to where I was financially in 2007 before the Great Recession.
Maybe there is more to it than what I see on the wikipedia page, but it people need a little more than conventional knowledge.
Read the book. Saving money is half the struggle. Making the children, grandchildren and great-grandchildren of your money work for you is the other half.
Dividends get taxed as income.
Ordinary dividends are taxed as income. Qualified dividends are taxed at different rates.
https://en.wikipedia.org/wiki/Dividend_tax#United_States
All my dividend income is qualified and therefore I paid zero taxes, as my actual tax rate is under 15%.
Citation needed: one or both may have been a bit dumber than they were given credit for.
A classic example would be, "Did the Sun orbit the Earth or did the Earth orbit the Sun?"
Yes because everyone has the means to "convert earned income into investment income".
Read "The Richest Man in Babylon" to understand how it can be done.
https://en.wikipedia.org/wiki/The_Richest_Man_in_Babylon_(book)
Thanks for injecting politics where it has not place.
What politics? Not my fault that the trolls can't leave me alone. ;)
It's that they can afford to hire people to find/exploit every tax loophole they can.
You can use that as an excuse or educate yourself on the tax laws. Earned income is taxed at the highest rates, investment income is taxed at a lower rate. Convert earned income into investment income and pay less in taxes.
It's the fact that the rich pay less (in terms of % income) than the middle class.
That's because earned income (wages) get taxed at a higher rate than investment income (rental properties, capital gains and dividends). Romney paid less in taxes because the majority of his income was investment. Obama paid more in taxes because the majority of his income was earned. Don't like the taxes you're paying? Convert earned income into investment income.
Mark 2030 on your calendar. That's when the majority of baby boomers are retired, retirees will outnumber workers, and two-thirds of the federal budget will go to Social Security/Medicare. Taxes will have to go way up to pay for everything else.
Obama bombed seven different countries during his last year in office.
Yes, but Syria wasn't one of them.
5 dells in my office of 12 people havn't had a single issue.
If everyone had a Dell, over half had issues installing the Anniversary update?
[...] but you are comfortable posting under an account linked to your IRL self [...]
That's because I keep my personal life separate from my professional life. The two don't overlap in anyway.
[...] and the Trump supporter had to hide behind AC, quite possibly for his personal safety.
Quite possibly this is the same asshat who accused me of threatening to shoot him for six weeks. He doesn't need protection. He needs a psychiatric ward.
Then you are aware the current intelligence capabilities mean the unelected individuals in intelligence have more blackmail material than Hoover could have ever began to dream of on any given politician which means they are in charge, not the politicians.
The US Deep State theory is bullshit.
I actually had similar issues I was just chalking up to my shitty satellite connectivity but that definitely gives me something to mull over.
As I told my friend, a clean install is a good reason to buy a new hard drive or SSD.
If Obama can get the Peace Prize and bomb Syria, I'm pretty sure Trump can bomb Syria and at least hold on to office.
Obama never bombed Syria. He kept the US out of Syria because the last you want to do is get involved in another country's civil war. Unlike past Republican presidents, Trump may not get a bounce from blowing shit up.
https://mic.com/articles/173543/did-obama-ever-bomb-syria-here-s-how-president-obama-handled-the-syrian-crisis
I know my Dell has a few partitions that I'd like to remove, but don't know if that would be bad.
That's what I thought too. When I dropped in a new SSD and reinstalled Windows, the exact same partitions from the old SSD got created again.
Does it seem like Dell systems have a problem installing the Windows 10 Anniversary update? I had to do a clean install on my own Dell laptop. A friend's Dell desktop can't install the Anniversary update and may require a clean install.
Its been the case for years - the first time I saw one posted here I thought it was a trash site co-opting the MIT name.
I thought it was more like the Stanford School of Business that graduates students who are more interested in writing the next billion dollar app than changing the world of business. Having a Stanford MBA is a good reason for hiring managers to pass over a resume.
Keep it up, asshole, and you'll have him for two terms.
It's unlikely that Trump will finish a single term much less start a second term.
You still don't get it.
Please enlighten me.
For the government of CA or for a small private company?
I work for a small contracting agency which works for a larger contracting agency that has a government contract. Hence, I'm in government IT as a contractor. This is a specific as I can be about my current job. Otherwise, I might get contacted by whistleblowers (which did happen), news media or right-wing political extremists.
Have you seen my latest blog post?
https://www.kickingthebitbucket.com/2017/04/04/the-python-time-zone-rabbit-hole/
Just because someone disagrees with you does not make them stupid.
Trump has proven that a moron could become president. He makes George W. look intelligent in comparison. I say that as a moderate conservative.
In "Two Faces of Tomorrow" by James P. Hogan (republished in "Cyber Rogues"), the AI worked and everyone was happy. In fact, the AI worked too well. The AI started taking shortcuts that was efficient from its point-of-view but endangered human lives. If the AI became aware, could the plug still be pulled? The latest AI tech got installed on a space station habitat and humans went to war to push the AI to the limit. Of course, that's science fiction. But it might help to understand what's going on with an AI than be happy that it works.
My question is, why are MIT Technology Review articles that show up on Slashdot always so technologically stupid?
Have you seen who is president these days? The dumbing down of America continues.
[...] had taught itself to drive by watching a human do it. Getting a car to drive this way was an impressive feat.
When my mother was a teenager and on her first attempt to learn how to drive, she managed to plow her daddy's Caddy into a telephone pole. She never learned how to drive after that. If we're getting to tech AI's to drive, my mother wouldn't be a good example to follow.