PJ Hari

“When a reactive person is complimented, their mental balloon goes along with that breeze: they are happy, suddenly their self-worth is higher. But, by the same token, when someone insults them, their mental balloon bobs back in the other direction. Now, they are worthless. You could spend your whole life in this back and forth.”
― Simeon Lindstrom, Self-Compassion - I Don’t Have To Feel Better Than Others To Feel Good About Myself: Learn How To See Self Esteem Through The Lens Of Self-Love and Mindfulness and Cultivate The Courage To Be You

“According to business and economics professor Paul Harvey, “a great source of frustration for people with a strong sense of entitlement is unmet expectations.”1 If you believe that you’re special, and all you have to do is find your singular passion and turn it into a perfect job, that’s a recipe for disaster. The reality is that the world owes you nothing. You only become “special” by developing skills that are in demand, which takes focus, grit, and long-term work.”
― Kristy Shen, Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required

“THE DIFFERENCE BETWEEN A TAX SHELTER AND TAX DEFERMENT The first lesson I learned was simple: not every tax break is scuzzy. Leona Helmsley, also known as the “Queen of Mean,” may have been sentenced to sixteen years in prison for tax evasion (ah, sweet justice), but there’s a big difference between legal and illegal tax avoidance. When I first started out, I didn’t have nearly as many tax-avoidance strategies as the rich did, but there are a few available to anyone, and taking advantage of every opportunity is absolutely critical. Tax sheltering means putting your money someplace where taxes no longer apply. Think of taxes as gravity in The Matrix, or logic in the Transformers movies. Even if it technically exists, it doesn’t apply to you. For example, if you invest in an index ETF and it goes up, it’s not reported on your tax return. If you earn interest on that account, ditto. Once your money is inside a tax shelter, you never get taxed on it again. This is because the money that goes into a tax-sheltering account has already been taxed. Tax deferment, on the other hand, is the process of taking a chunk of your income and choosing not to pay income taxes on it that year. Here’s how it works: You contribute a portion of your income to a tax-deferred account. The amount you contribute reduces your taxable income for that year, and accountants would call this contribution “deductible.” So, if you made $50,000 one year, and you chose to defer $10,000, then that year you would only be taxed as if you earned $40,000. That $10,000 you deferred gets put into a special account where it can grow tax-free, but if you withdraw it, it will be added on to your taxable income and you’ll pay taxes on it then. This is because money going into tax deferral hasn’t been taxed yet. To recap . . . Tax Shelter Tax Deferral Contributions are . . . Not deductible Deductible Growth/interest/dividends are . . . Tax-free Tax-free Withdrawals are . . . Tax-free Taxed as income”
― Kristy Shen, Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required

“people with more qualification think more before taking a step and they will be analyzing till analysis becomes paralysis. Whereas people with less qualification think less and try more. They may fail a couple of time, but they are the one who succeed later on. It’s better to fail twice and succeed than sitting and analyzing throughout life.”
― Prashanth Savanur, Daily Habits: How To Win Your Day: Your Days Define Your Destiny