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”
To achieve your goals, your will and attitude must change accordingly. For instance, if you set a goal to become wealthy, your mindset, attitude, and actions must also align with that goal. The consequences of our actions ultimately shape our lives. Simply understanding something does not lead to change. Those who genuinely want to change their behavior will do so. Before you reach your goal, your will and attitude must adjust to support that direction. Life is a genuine battlefield.
- Joseph’s “just my thoughts”
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