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”
Making money is far more addictive than spending it. Once you earn money, the pathway to creating more becomes clear. If you try that method and succeed again, then money-making becomes a religion beyond mere addiction. When this method is experienced as an accomplishment, one must remember that the purpose and core motivations suddenly shift from their original intent, leading to corruption. Addiction knows no distinction between good and evil and disregards the line between the sacred and the secular. Be cautious of becoming addicted to seemingly good things. Anyone with a firm conviction of good and evil should always raise concerns. - Joseph’s “just my thoughts”