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”
Although the ratios differ, human success results from many factors such as intelligence, experience, knowledge, attitude, integrity, and luck. Of these, self-development theory emphasizes only a few factors with a powerful influence. As in all cases, the causes of success are different. So when learning success stories, you need to know the pitfalls. It may be like a successful person, but it never becomes the same. References should be made, however, to suit my situation. Therefore, it is important to know your identity.
- Joseph’s “just my thoughts”
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