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”
In fact, more often than not, a multitude of thoughts leads to a choice disorder, primarily because you don’t know yourself well. Self-needs are easily recognized, yet many individuals lack awareness of their desires. Desire is often intricately wrapped in morality, making it more likely that you remain oblivious to it. If you don’t understand what you want, you’ll hesitate to make a choice. This results in the worry that your choices won’t satisfy desires you ’ re unaware of. Having a healthy mind entails honestly aligning your choices and decisions with your desires. Nevertheless, morality, dignity, and concern for others often hinder honest choices. - Joseph’s “just my thoughts”