Rejection Cost. From the perspective that my profit is someone else’s loss, and someone else’s profit is my loss, the fact that I have to reject an opportunity to make money for my circumstances is a loss for me and an act of giving someone else a profit. In other words, my added value is not determined solely by productivity but also by the marginal utility generated by the law of supply and demand. Therefore, my labor price should reflect the value that I have given up—the profit I could have gained. If the rejection cost is not included in my profit, I will be at a loss to that extent. Failing to account for rejection costs in production expenses is not wise, but foolish, because it risks my survival. There is no absolute value in this world. All economic values are relative. - Joseph’s “just my thoughts”
The Awakening Formula:
[Mine = all of my properties - borrowed - inherited - gifted - stolen - cheated out of].
If you exceed this “mine,” it’s time to wake up.
All economic activities should commence with the amount you consider to be a genuine “mine.” It is essential to view it as a sin to enjoy anything “first” or “more” than that.
Caring for what belongs to you is the initial step toward success and the foundation of life.
- Joseph’s “just my thoughts”
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