Most people study in school, yet the education system does not provide financial education. Even though it doesn’t take long for us to realize that finance is an essential element of survival, isn’t it strange that schools don’t offer financial education? Economic activity is a power game where someone wins and someone loses. One person’s loss is another’s gain, and my sacrifice is someone else’s fortune. In other words, economic activity embodies the harsh reality of deciding between discomfort and the uncertain odds of a game that determines who occupies a position, even though that position has already been predetermined. This issue is further exacerbated by the fact that people have different productive capacities and society mandates that the means of value exchange is cash (fiat currency). To survive, you must first understand how social systems function. - Joseph’s “just my thoughts”
I believe Maslow’s “Theory of Needs” is a brilliant concept. Humans exhibit different behaviors based on their needs, prioritize satisfaction, and seek fulfillment at higher levels. This theory can also explain why artists often struggle financially. While art is not a necessity for daily life, it is an essential component of a fulfilling existence. However, it holds a high position in the hierarchy of needs, resulting in a small number of very famous artists accumulating substantial wealth within the art market. By analyzing people’s actions based on their needs, one can roughly predict the marketability and sustainability of their professions. - Joseph’s “just my thoughts”