Skip to main content

Posts

Showing posts with the label contract

Just my thoughts #0722

If God granted me only one ability to become wealthy, I would not hesitate to ask for the skill of ‘storytelling.’ ‘Storytelling’ is the ability to choose how to interpret the same phenomenon or fact and how to communicate the message I want to convey persuasively. Ultimately, the world takes sides and gains support through the interpretation and explanation of stories. Gaining attention and support from people is the foundation for achieving a lot from nothing. In a time when there was no modern media, the most popular people were grandmothers and grandfathers who could tell entertaining oral stories every night before bed. - Joseph’s “just my thoughts”

Just my thoughts #0575

When I take out a loan from the bank, the bank lends me money, and when I repay the loan, I owe that money back to the bank, plus interest , on the repayment date. However, when I sell my used car, a debt arises in which the buyer must pay me cash equivalent to the price of the used car, and I incur a performance debt in which I have to hand over the used car to the buyer. When these two different debts are exchanged, a transaction is completed. The goal of business is to make debt well and pay it back well over and over again. A transaction must create debt without exception, but a transaction that generates debt on only one side is an absolutely unfavorable contract for someone. That’s the essence of a loan agreement . There are good debts and bad debts depending on the type of debt I have to pay (or fulfill). If you do not make this distinction clearly, you are more likely to fall behind in the social system. - Joseph’s “just my thoughts”