I advised a CEO to read books regularly. But he said he didn’t even have time for reading because of his business. I didn’t tell him to read a lot; I only suggested that he do it on a regular basis. It’s not easy to start with a large amount, but it’s easy to give up or refuse to continue. Still, doing a small amount consistently is also difficult, but the goal is to build a habit. Reading is an extension of management activities that managers must do, not because they have time to spare, but because neglecting it can harm management by limiting their knowledge of the world and others’ experiences. Of course, reading doesn’t guarantee success or prevent failure. However, there’s no doubt that it’s the most fundamental activity that can help individuals grow and organizations thrive through the knowledge and experience gained from reading. A fool fills 100% of his life experience. A wise man fills it with 1% inspiration, 29% reading, and 70% implementation. - Joseph’s “just my thoughts”
Debt is not inherently bad; it belongs to someone else. The goodness or badness of debt depends on the circumstances, terms, and conditions of borrowing, and it is not necessarily negative. Debt should be acquired when I have a stable income or additional profits to invest, rather than for consumption . However, you should avoid using it for highly volatile investments, such as cryptocurrencies or stocks . You need to control the debt; it is considered good when you can manage it under conditions that allow you to repay both the principal and interest . The advantage of debt is that it provides the opportunity to grow faster than others in a competitive environment. Debt belongs to someone else. This is the key. - Joseph’s “just my thoughts”