Being in debt means using up the future in the present. Essentially, it’s about how we manage our time. Therefore, the most valuable resource for debtors is time, and it depends on which side time favors. Paying off debt is like repaying borrowed future time early. When the ability to generate wealth over time decreases, the future time becomes a burden, and the debtor faces the pain of bankruptcy. Taking on debt is costly. It may seem like borrowed money is repaid with money, but the irreplaceable resource of time is also returned along with interest. With the rise of postpaid credit cards as a common payment method, we’ve become less sensitive to the associated pain and cost. There are two ways to spend money: using present time or future time. The costs and pain are much higher when the future is spent as if it were the present. - Joseph’s “just my thoughts”
Interpreting or translating foreign languages, social phenomena, and new knowledge to explain and inform the public represents a position of power. Interpreters and communicators draw public attention and share information, generating power through public acceptance. Trust is the essence of power. Power is not merely about the strength of force but rather the direction and purpose behind its use. The more intelligent and educated you are, the greater your responsibility in wielding power. It is a misfortune for society as a whole if power remains untapped or is misused. - Joseph’s “just my thoughts”