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Just my thoughts #0753

Wagons are believed to have been first created in western Asia around 3500 BC. Initially, because the wheels were disc-shaped, they were pulled by cattle due to their heaviness. However, after the invention of spoke wheels, horses could pull the wagons because they were lighter. Naturally, there was a big difference between the speed of a wagon pulled by cattle and one pulled by a horse. This led to a decrease in travel time. A minor adjustment to the spoke design sparked a significant change in human civilization. Nearly all innovations start small, but even the tiniest change can have enormous consequences. Many unseen factors contribute to this innovation in our lives. - Joseph’s “just my thoughts”
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Just my thoughts #0078

The key concept in creating wealth is the accumulation of assets. "Asset" means all the resources, that can be used for production activities. If assets don't increase, it's not a business. To create value, you have to produce something. The labor, materials, and facilities for production all come from assets. Insufficient assets are borrowed from others, it is called debt. The value added belongs back to the asset. Assets are a source of wealth and a measure of wealth.


- Joseph’s “just my thoughts”




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