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”
Both arrogance and humility can contribute to our success. While humility is not the sole key to achievement, it enables a connection with someone who genuinely cares. That individual may represent everything I need in life. Ultimately, success can be seen as cultivating a deep bond with the person who truly loves you. If you can nurture multiple meaningful relationships throughout your journey, beyond that loving individual, you should regard yourself as blessed with humility.
- Joseph’s “just my thoughts”
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