Kevin O’Leary: Percent Net Worth

Kevin O’Leary Money Quote saying put a percentage of net worth into venture ideas as an investment vehicle. Kevin O’Leary said:
 

 

“I keep anywhere between 5-10 percent of my net worth in venture ideas” — Kevin O’Leary

In this quote, Kevin O’Leary is providing insight into how he allocates his personal wealth across different investment classes. When he says he keeps “between 5-10 percent of my net worth in venture ideas”, O’Leary means that of his total assets and worth, he dedicates a portion in the range of 5-10% towards investing in startup companies and new business ventures that carry higher risks but also potentially higher rewards.

The quote suggests O’Leary diversifies his portfolio but is still willing to put a meaningful slice of his fortune towards riskier early-stage ventures in search of outsized returns, while keeping the bulk invested more conservatively elsewhere. It provides a glimpse into O’Leary’s personal investment strategy and risk tolerance.

Ed Asner: Founders 1 Percent

Ed Asner Money Quote saying Founders were 1 percenters that had money troubles and were debtors – from his book ‘The Grouchy Historian’. Ed Asner said:
 

 

“And there you have your Founders and Framers in all their elite glory—the 1 percent of their time. Many spent more than they made. Struggled their entire lives with debt. And, when they could, always married into money. Roughly speaking: more than forty held government bonds. More than twenty were moneylenders. Over fifteen were slave owners. The rest an assortment of land and debt speculators. And most dabbled in more than one category. George Washington, for example, was a slave owner, a moneylender, a land speculator, and the largest holder of government IOUs in the country” — Ed Asner

The quote suggests that the Founding Fathers and the Framers of the United States were part of the wealthy elite, but that many of them struggled with debt and often married into wealthy families.

It’s important to note that this quote is a subjective interpretation of history and may not be entirely accurate. While some of the Founding Fathers and Framers were certainly wealthy, others were not. Additionally, the idea that they all struggled with debt and married into wealth is not supported by historical evidence.

It’s also worth noting that the concept of a “1 percent” is a modern construct and did not exist during the time of the Founding Fathers and Framers. The wealth gap between the rich and the poor has certainly existed throughout history, but the idea of a small elite controlling a disproportionate amount of wealth is a more recent development.

While the quote may be thought-provoking, it is important to approach historical interpretations with a critical eye and consider multiple sources to get a more accurate understanding of the past.

Birthday: November 15, 1929 – Death: August 29, 2021

Robert A. Heinlein: Daughters Spend More

Robert A. Heinlein Money Quotation saying girls can spend more of their father’s money than he can afford. Robert A. Heinlein said:
 

 

“Daughters can spend ten percent more than a man can make in any usual occupation” — Robert A. Heinlein

In this quote, Robert A. Heinlein seems to be making a humorous observation about the financial demands that daughters can place on their fathers. By stating that daughters can spend 10% more than what a man can earn through typical work, Heinlein is exaggerating for comedic effect about daughters’ ability to spend beyond even a good salary.

The quote playfully suggests that daughters may have expensive tastes or priorities that outpace a father’s income no matter his occupation. Overall, Heinlein appears to be using ironic understatement and generalization for humorous purposes rather than making a serious claim. The tone seems to be one of affectionate jest rather than criticism regarding family dynamics and budgets.

Birthday: July 7, 1907 – Death: May 8, 1988

Irwin Schiff on Uncle Sam as Business Partner

Irwin Schiff Money Quotation saying that Uncle Sam sounds more like a local mobster who demands protection money to allow them to operate. Irwin Schiff said:
 

 

“A small business person has Uncle Sam as a partner, a partner who puts up no money, does no work, and wants 30 or 40 percent” — Irwin Schiff

This quote by Irwin Schiff is a criticism of the tax system’s impact on small businesses. The best interpretation is that Schiff is comparing the government to an unfair business partner. He suggests that through taxation, the government takes a significant portion of a small business’s profits without contributing to the work or initial investment.

The “30 or 40 percent” likely refers to tax rates. Schiff’s quote implies that this arrangement is burdensome and unfair to small business owners who bear all the risk and effort.

Birthday: February 23, 1928 – October 16, 2015

Samuel Wilson died on July 31, 1854, aged 87, and is buried in Oakwood Cemetery, Troy, New York. In 1989, “Uncle Sam Day” became official. A Congressional joint resolution designated September 13, 1989 as “Uncle Sam Day”, the birthday of Samuel Wilson

Dennis Rodman: 50/50 Sex & Money

Dennis Rodman Money Quotation saying half of his time in basketball is spent on carnal pleasure and the remainder making more dough. Dennis Rodman said:
 

 

“Fifty percent of life in the N.B.A. is sex. The other fifty percent is money” — Dennis Rodman

In this quote, Dennis Rodman is humorously suggesting that for professional basketball players in the NBA, their lives revolve equally around two main pursuits – sex and money. The 50% attributed to each implies they take up about half of an NBA player’s time, energy and focus.

Rodman is acknowledging that along with the athletic skills and competitive drive required to succeed in the league, cultivating lucrative endorsement deals and sponsorship opportunities (money) as well as enjoying the perks of celebrity status such as attracting romantic partners (sex) are also important components of the NBA lifestyle and experience.

The quote provides an amusing perspective on what Rodman perceived to be among the top priorities and motivations for professional basketball players.

Tug McGraw: Percent of Wasted Salary

Tug McGraw Funny Money Quote saying that he spent most of his money on things he valued above traditional investments which he considers more pointless. Tug McGraw said:
 

 

“Ninety percent of my salary I spent on booze and women … and the other ten percent I wasted” — Tug McGraw

Tug McGraw seems to be making a humorous acknowledgement of his freewheeling lifestyle during his baseball career. The quote suggests he spent the vast majority (“ninety percent”) of his salary indulging in alcohol (“booze”) and romantic encounters (“women”).

However, McGraw then jokes that even the remaining ten percent portion was effectively “wasted” as well, implying he didn’t allocate or save his earnings very prudently. In essence, McGraw is comically owning up to prioritizing fun and pleasure over financial responsibility with his salary, to the point that even the portion not spent on partying was essentially squandered too through lack of planning or restraint.

The message conveys McGraw embraced fully living in the moment and enjoying rockstar perks of being a professional athlete, rather than more conventional priorities around saving or investment. It’s a self-deprecatingly humorous perspective on prioritizing enjoyment over prudent money management with one’s career earnings.

Birthday: August 30, 1944 – Death: January 5, 2004