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”
The world grants power through the interpretation of phenomena , gaining support from many people. Acquiring power through interpretation is termed “interpretation supremacy.” Interpretation involves explaining and understanding the essential concepts that are often concealed in a phenomenon, yet are crucial to its existence. The media has embraced journalism for its capacity to rapidly disseminate facts to a broad audience. Journalism embodies interpretive supremacy. To make an impact in the world, I must be able to express myself and my actions in an engaging and accessible manner, leveraging various media to share my interpretations. With the prevalence of social media , all that is required now is the skill to interpret and seize interpretive supremacy, along with the capability to articulate it effectively. - Joseph’s “just my thoughts”