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Just my thoughts #0781

Nominal Value is the price assigned to an item, such as a book priced at $15.50. Real Value is the adjusted price, considering factors like inflation and depreciation, so the used price of the book reflects this Real Value. Intrinsic Value refers to the worth of the book’s content, which can far exceed its Nominal or Real Value depending on the reader’s ability to understand and apply it. Merchants profit from the gap between Nominal and Real Values, while wise individuals gain by recognizing and utilizing Intrinsic Value. Recognizing and leveraging these values is essential for building wealth. - Joseph’s “just my thoughts”
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Just my thoughts #0736

Wealth can only be accumulated when ownership is secured by humans. Debt is a relative concept that stems from ownership and establishes the idea that others’ property must be returned to the original owner. Debts are useful when managed properly, but they also come with the burden of repayment. The obligation to return others’ property is rooted in human morality, which is ultimately linked to the foundation of economic activity. Living with good people is a crucial factor in achieving wealth. Therefore, people come before money.


- Joseph’s “just my thoughts”




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