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”
Problem-solving, often referred to as the Great Revolution, starts with seemingly trivial questions. The foundation of all ideas lies in inquiries, particularly those we might overlook. People question out of curiosity and, at times, skepticism. Stating that the answer is readily available suggests that the hint toward a solution stems from a simple question. Inquisition illuminates human intellect. - Joseph’s “just my thoughts”