Being wealthy means your assets grow larger, and their value increases too. The purpose of all economic activity is to secure assets. The more assets you have, the more opportunities you create. Assets represent the total of what one owns and borrows from others. In other words, it is the complete amount of resources available for earning time. Resources serve as the foundation for acquiring additional resources. It’s like using small earthworms as bait to catch fish. Thus, it is said that money makes money. This is referred to as financial income. Income is primarily categorized into earned income and financial income. If you have a substantial earned income but lack financial income, you are more likely to face poverty in the future. - Joseph’s “just my thoughts”
Don’t build a house on a breathtaking mountain. Instead, constructing a home where we can admire the mountain is a submission to reason. If you possess it solely for its beauty and appeal, its value will diminish. People can distinguish between good and bad, but they lack the knowledge to create, maintain, and extend value. They aspire to have nice things yet avoid contemplating how to boost their worth. - Joseph’s “just my thoughts”