Renaissance for LEADERS

Peak Performance Resources for Leaders by Leaders

Category: Money & Wealth

Wage Slavery

A derogatory analogy between slavery and wage labor, which is used to highlight similarities between owning and renting a person. Typically refers to a situation where a person’s livelihood depends on wages or a salary and when they are totally dependent on that income for survival, basic necessities, and live paycheck to paycheck. The term wage slavery has been used to criticize the exploitation of labor and social stratification with workers paid comparatively low wages for soulless, heartless work, unequal bargaining, lack of self-management, fulfilling job choices, and leisure time.

Waste

1. To use, consume, spend, or expend thoughtlessly or carelessly. 2. To cause to lose energy, strength, or vigor; exhaust, tire, or enfeeble. 3. To fail to take advantage of or use for profit; lose. 4. A place, region, or land that is uninhabited or uncultivated; a desert or wilderness. 5. Anything other than the minimum amount of equipment, materials, parts, space and worker’s time which are absolutely essential to add value to the product (Working Definition from Toyota.) 2. Use to no purpose or inadequate result or extravagantly (waste time.)

Wealth

1. Many valuable possessions; much money or property; riches. Prosperity, fortune. 2. The condition of having wealth; great material prosperity; affluence. 3. All things that have money value; resources. 4. All material things that are capable of or adaptable to satisfying human wants, and are or can be made subject to ownership. 5. All such material things, and qualities or attributes of man, such as health or intelligence, that increases his ability to produce. 6. According to R. Buckminster Fuller, the number of days you can survive without working for money, while still maintaining your same standard of living.

Workaholism

A soul-destroying addiction that changes people’s personality and the values they live by. Greed, recognition, attention, love and admiration from working longer and longer hours replace self-satisfaction of a job well done and intrinsic self-worth and esteem. Family member relationships are strained, distorted and often result in broken homes. Eventually, the loss of health, personal and professional integrity follow. Unfettered capitalism, greed, and worshipping success and money feed this addiction.

Write-Off

1. To cancel a bad debt or obsolete asset from the accounts. 2. To consider (a transaction, etc) as a loss or set off (a loss) against revenues. 3. To depreciate (an asset) by periodic charges. 4. To charge (a specified amount) against gross profits as depreciation of an asset. 5. To cause or acknowledge the complete loss of. 6. To damage (something, esp a car) beyond repair.

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