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Just my thoughts #0571

A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”
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Just my thoughts #0082

People say those who keep their promises lose more benefits than those who don't. Half is right and half is wrong. If you break a promise, you'll gain benefits immediately but lose credit. Assets eat credit and grow. And credit itself is an essential component of assets.


- Joseph’s “just my thoughts”




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