The Trap of Compound Interest: Many view compounding as beneficial because interest earned is reinvested to increase profit. However, for those who are in debt, compound interest can increase the burden, leading to even greater losses. This effect disproportionately harms poor people, who often pay higher costs and face greater opportunity costs than the wealthy. While compounding enhances gains for those profiting, it intensifies harm for those losing money. This structure benefits the powerful, as the rules are designed by those in power. As a result, the desire for power can drive people toward questionable actions. - Joseph’s “just my thoughts”
While your efforts may have been sincere, claiming success due to those efforts is misleading. The Law of Equivalent Exchange suggests that behind my achievements lie the sacrifices of others, known or unknown to me. We should approach discussions of success with humility and avoid glorification. Neglecting the Law of Equivalent Exchange often leads to the onset of corruption. When considering the sacrifices made by others, we ought to refrain from celebrating our successes based solely on our dedication and hard work.
- Joseph’s “just my thoughts”
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