One of the key principles of money is ‘opportunity cost.’ It means that when I buy something, I have to give up something else in return. We think we buy because we need something, but we often forget that we could buy something else instead. We rarely consider ‘opportunity cost’ when making a purchase. We do not compare other values against our needs. Buying something means giving up something else, but we often don’t realize it. When we spend money, we should also consider the ‘opportunity cost’; yet, in reality, we aren’t trained to do so. By making a purchase, we bypass the value comparison that may not offer any additional benefits. Maybe it’s because we lack knowledge, or perhaps the idea isn’t appealing. - Joseph’s “just my thoughts”
Interpreting or translating foreign languages, social phenomena, and new knowledge to explain and inform the public represents a position of power. Interpreters and communicators draw public attention and share information, generating power through public acceptance. Trust is the essence of power. Power is not merely about the strength of force but rather the direction and purpose behind its use. The more intelligent and educated you are, the greater your responsibility in wielding power. It is a misfortune for society as a whole if power remains untapped or is misused. - Joseph’s “just my thoughts”