An asset is the foundation of all economic activity. If you have assets, you can run a business and settle your debts. The ways to create assets are ‘how one works,’ ‘how to receive gifts from others,’ and ‘how to purchase assets made by others.’ There is a way to steal, but it is a crime. If you don’t initially own an asset, the simplest and almost the only way to create one is to produce something with your own labor. Whether the product is a service or a good, it must be produced unconditionally. Trading products creates added value. Thinking about trading later and making products first is the fastest and most basic way to escape poverty. Therefore, produce even the smallest things every day. Knowledge, records, art—whatever! - Joseph’s “just my thoughts”
Frugality and efficiency are complementary and must be balanced. Emphasizing savings can reduce efficiency, while emphasizing efficiency can lead to waste. In the world, when you emphasize one aspect, unintended side effects often occur in unexpected areas. Although they are invisible, various elements of the world are closely interconnected, and there are many situations in which humans do not understand these relationships. Achieving a balance among all elements at the proper level is a significant challenge. Leaders are those who undertake this difficult work. - Joseph’s “just my thoughts”