Joseph's "Just My Thoughts"

Production and processing create added value . Wealth is the accumulation of this added value. Distribution shares this added value among economic entities . Cultivating coffee trees generates added value for green coffee beans , while roasting those beans adds further value to the coffee product. Grinding the beans and extracting them with water creates and consumes the added value of a cup of coffee. Finance enables the distribution of the added value generated by this production and processing through the use of money, facilitating the easy accumulation of that value. However, finance can leverage its power only because there was prior production and processing. The challenge arises when the compulsory circulation power of currency enables the ownership of labor and resources that underpin production and processing, along with real estate , which is foundational to its existence. If production, processing, and distribution are dictated by money’s compulsory circulation powe...

To realize added value , production activities must occur. In other words, added value arises from production activities. Production involves bringing into existence things that did not previously exist in the world. This can be accomplished by combining existing items to create new ones or by processing raw materials into new products . Production includes physical manufacturing , knowledge generation , and service creation . Wealth represents the accumulation of added value. Consequently, to become wealthy, one must be productive . However, value is determined through relative comparison. A product can only be exchanged if it can be priced, and added value can only be actualized by exchanging this product. This process is referred to as commerce . In other words, it is known as a transaction . Through trade , humanity distributes this added value. - Joseph’s “just my thoughts”

Even if you gamble, you can’t do it alone. A partner must exist to exchange well-produced products and services, as added value is created only through such exchanges. Without a connection, realizing added value becomes difficult. Wealth is generated solely through transactions, which must precede consolidation. Networking has always been and remains crucial for creating wealth. Metcalfe’s Law states that when connected to a network, the effect is proportional to the square of the number of connections. This results in an exponential effect rather than an arithmetic series . While the number of connections is significant, the level of trust built, even with a few personal connections, is even more critical. To effectively utilize social media, strive to connect with as many networks as possible and build trust in those relationships once connected. Only then can you experience the exponential effect. - Joseph’s “just my thoughts”

The big difference is that business allows the transfer of wealth or value to be based on production, while gambling occurs without production. Sustained productivity creates added value . The system that drives the world in any country seeks to protect this productivity through legal or administrative power. If productivity does not improve, society will deteriorate. Interest represents the added value of the financial industry , serving as the price of time for lending money. Therefore, since interest is an abstract concept agreed upon by society, it does not create new values that did not exist through production activities. If interest leads to the transfer of wealth, someone inevitably experiences a sense of loss. There are two instances in which interest is permitted in the Bible : one is when nature’s productive forces yield fruit that did not previously exist, and the other is when the neighbor’s self-sacrifice is acknowledged. Thus, when interest is recognized as a price ...

All added values must be expressed in terms of ‘Price’ to create a ‘transaction’, and only when a transaction is concluded is the added value realized. Even if you possess added value but no transactions occur, the value cannot be realized in a self-transaction; it merely exists as intrinsic value. Wealth is formed only when the added value is realized and accumulated, making a ‘transaction’ essential. This implies that the formation of wealth requires a “party to deal with (counterparty).” This is known as a ‘customer’; some of them purchase your value, while others may be your competitors or disruptors who could diminish your added value or hinder its realization. Therefore, it is crucial to understand precisely what kind of person or company is acquiring your value-added. Not all deals are beneficial to you. If you cannot make this judgment, you are merely doing what is often termed “something good” for others, rather than for yourself. - Joseph’s “just my thoughts”

Most individuals are unaware of the balance between “physical work” and “emotional work” in their roles. “Beginners” are those who are compensated solely for physical work, while “mediums” earn for both physical and emotional contributions. “Masters,” on the other hand, receive higher pay for emotional work compared to physical tasks. Without the ability to assign a price to the value of your emotions, you will inevitably remain at a low added value. - Joseph’s “just my thoughts”