For this style of living, you need to have a spouse that earns more than you do, and to divorce him or her, after which he or she will pay monthly court-ordered living expenses in order to support you in your accustomed lifestyle. That’s called alimony. If you get custody of any minor kids, your spouse will have to pay child support, a monthly maintenance payment for the benefit of the underage children. Smart people can sometimes mange to get pet alimony, if a judge grants them custody of a pet or pets.
An allowance is a regular weekly or monthly sum of money for paid out personal expenses such as your parents gave you when you were a child. Many people are smart enough to get their parents to continue it into adulthood.
Large cities have decent public shelters, excellent public hospitals, diversified soup kitchens, police tolerance for street beggars, restaurants for the low-income class, lovely public parks, excellent fresh air gymnastic equipment, and drugstores for the insolvent. A clever person can live on next to nothing if they know where to go and have no prejudice against accepting charity.
This could be a home-based job that does not require you to get out of bed, does not require any interaction with coworkers, requires no overhead that you don’t already have, has no supervision, and in actuality, people will never even know if you are working or not. A large percentage of the world’s retired population claim they are in the consulting business, but they almost never show proof.
You could become a minimalist and put detachment into practice by living happily off your Social Security benefits. Since living on your government pension requires a great deal of thriftiness, you need to learn to become disengaged from all your assets as well as your lifestyle, and this is supposed to be very good for the soul.
Befriend a wealthy and elderly relative and become their lifeline. If you do it right, you might become their sole heir and eventually receive an inheritance, which you can simply and happily live off.
Winning in a lottery can be very gratifying, but not as much as your friends and relatives will think it is. Your winnings are taxable. Just as an example, if you won on a lottery in New York, you would have had to pay an 8.82% state tax, and then another 3.876% local tax. That works out to a 12.696 percent of your winnings. And that amount is deducted after the IRS gets their cut. In the U.S., the Internal Revenue Service requires that the lottery officials withhold 25% of your winnings if you win over $5,000, just the same as an employer would for earned income. It could be that next time you file your income tax return, the IRS will see fit to give you a refund, but don’t count on it. However, if your win is big enough, both you and the government will benefit. It is an added perk that the government loves people who win on lotteries and bring in extra money for them.
This kind of retirement from an investment, government or private’]pension[/simple_tooltip] is the same as a private retirement fund. You will have to work hard and pay into it during your career, and it will act like a long-term savings account. If you pay about 90% of your salary into a private pension, you will be able to retire early and reap the benefits.
This is also a retirement pension that works a lot like a savings account. The difference is that many times, this one will include contribution matching, which means that your employer will agree to match your contribution to the fund, dollar for dollar. If you can get that in writing, all you have to do is to surprise your employer and contribute most of your salary in order to retire early, very early.
This is an investment or a savings account in which you will be in control of the money and decisions. The only glitch is that you need to have a large sum of money in order to have it earn interest. If you like to drive and need quick money for such an investment account, please refer to Clint Eastwood’s 2018 movie, The Mule.
Deep pockets means something or someone with seemingly endless financial wealth or resources, and they are often targeted in suits. Americans often sue big companies or famous people who they classify as deep pockets. The deep pocket often settles generously out of court, just to avoid bad publicity. Examples of deep pocket targets recently in the news because of suits against them are McDonald’s, Anheuser-Busch, Michael Jackson (even after death), Google Maps, many airlines, almost all automobile manufacturers, most smart phone manufactures, and certainly all tobacco companies. Be creative when you ask for indemnity.
This is a fund that might include assets such as stocks, bonds, cash or property. Trust funds are legal entities that hold assets on behalf of another person or organization, generally for the purpose of building up assets for future generations. These entities are neutral and they are usually tightly controlled. Trust funds allow the person who set them up to control their money for decades after their death. But some, or usually a lot, of money is doled out regularly to their beneficiaries. All you have to do is to make yourself loveable enough to become a beneficiary in somebody’s trust fund.
FYI is an acronym, and an acronym is a word formed by combining the first letters of each word of a name, such as NATO (North Atlantic Treaty Organization) that is frequently seen in the news. Another one you probably know is AIDS, which is an acronym for Acquired Immune Deficiency Syndrome. Sometimes acronyms are pronounced as a word as in NATO and AIDS, and sometimes the letters are pronounced individually, such as FYI (for your information). And most of the time they are not even pronounced, as they are used mostly in social media, business communication and Internet. But we do hear CNN (Cable News Network) reporters saying ASAP frequently, which means As Soon As Possible and is hard to pronounce.
Sometimes acronyms become words, such as the word scuba. Everybody knows that word, but few know it started out as an acronym for Self-Contained Underwater Breathing Apparatus.
Another acronym that became a word is laser, which began as the acronym Light Amplification by Stimulated Emission of Radiation. Most of us are very pleased that these two words became acronyms.
For now, try to incorporate FYI and ASAP into your daily communications, and don’t spend too much time remembering what AIDS and LASER and SCUBA really mean. But you should be able to recognize NATO as it has become a big issue in North America and Europe.
Here are six business acronyms that you should know if you are a businessperson, and maybe aspire to if you are in middle management. Which one would be the lowest stress and the highest salary?
Blackberries – Blueberries – Raspberries – Strawberries Nutritious food is nourishing and efficient as food in the sense that it gives you the sufficient amount of nutrients such as vitamins, carbohydrates and proteins that you need to survive. Healthy food is food that promotes good health, in other words, prevents illness and keeps you younger longer. I. All of the berries above are healthy and nutritious. However, according to nutritional content, total carbohydrates,…
I learned to bake with baking tins, so that’s what I call them, although today they are often made of glass, ceramic, silicone, aluminum, aluminized steel, carbon steel, non-stick anodized aluminum, cast aluminum, and iron. Many people call them baking pans. It doesn’t matter. The only thing that you need to keep in mind when you are buying new baking essentials is…