LIVING OFF DIVIDENDS & PASSIVE INCOME

Everyone always admires those people who do the right thing no matter what the consequences. Conversely, people despise those who lie, cheat and con their way to wealth. After a certain point in life, it doesn’t even make sense to be dishonest.

There are two articles today about this. Enron’s top execs Skilling and Lay were both incredibly wealthy before the Enron mess. Their personal fortunes, upwards of $50 million each were enough to live a great life without the additional 100’s of millions in Enron stock. Now both are faced with spending their retirement years in prison and having their wealth depleted by legal fees and fines. McAfee’s general counsel Kent Roberts was also fired today for an improper options grant that occurred in 2006.

You spend your whole life building a good rep and it only takes one wrong step to mess that up. And atleast the fear of jail should keep people honest.The ramifications are particularly bad when white-collar employees embezzle money. The jail term is usually greater than that metted out to murders and molesters. Another good reason to keep your hands clean!

• Who Do You Hang Out With? I contacted a fellow investor today after several months of silence. Found out he quit his stable engineering job in San Diego and moved to Florida. He's writing investment reports and sending them to mutal fund companies and trying to get a job as an Investment Analyst. He could have......
• Buffet: On Life And Investing Here's some great Buffett philosophy from a recent meeting with college students. Question: How do you define happiness and what about your life makes you most happy? When you make good on an investment, do you allow yourself to enjoy that success by getting excited - and on the flip-side,......
• Buffet is short the US Dollar I got this email from someone. It was adapted from someone else's article. I don't know who, so I can't provide a citation.It is widely assumed that rising stock and house prices will keep American consumers both willing and able to spend, spend, spend their way to wealth - indefinitely.......

• Keep Looking When you loose your intention, just act and be? Yes, yet true intention is poorly understood. In fact, you can’t loose true intention. What are you paying attention to? That’s your intention. You probably worry about what you should be paying attention to, and likely don’t pay full attention to......
• Don't Worry About Your Credit Score (It Doesn't -really- Matter) I was listening to the Dave Ramsey Show on a local radio station the other day and a woman had called and told the host that she had her credit card bill paid and was current with all of her debt payments, but she had not eaten in two days!......
• Building a life It's time to start living the life you've imagined. Henry James We lay the groundwork every day for the life we wish to live. There's no better time to start than now. What do you want to see in your life? where do you see your life heading? I always......

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