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”
In a society and organization where we live together, balance and dedication are essential. Balance refers to the proper allocation of resources within the organization, while dedication means devoting energy to others. This balance and dedication are always necessary whenever we are with others, yet contradictions arise here. In other words, the energy for dedication emerges when the balance is disrupted. Since both cannot be established simultaneously, it is important to maintain the cycle properly. First, we achieve balance; then it is disrupted for a while, necessitating the devotion of our energy, after which we need a cycle to regain balance again. Organizations function within this cycle. - Joseph’s “just my thoughts”