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Just my thoughts #0571

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”
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Just my thoughts #0359

Abraham, in the Bible, remained silent when God revealed that he should offer his only son, Isaac. However, when he rescued his nephew Lot from the doomed city of Sodom, he bargained with God. What is a “bargain?” In life, it is crucial to know with whom to bargain and when. If we bargain over what we shouldn’t or don’t do what we should do bargain, then our lives can become quite weird. Every day, we seek something to bargain for, repeatedly hoping for favorable outcomes or facing disappointments.


- Joseph’s “just my thoughts”




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