Israeli Kindergarten. Dual-income couples often arrived late to pick up their children. As a result, the kindergarten implemented a rule that parents would face a fine if they were late; however, even though this introduced a penalty system, it also led to more delays in pickup times. By replacing feelings of guilt with money, paying a fee for being late became the new norm. After recognizing the mistake and removing the fine system, what happened? More parents started arriving late. When money becomes involved, the exchange of value fundamentally changes the nature of the relationship. And once that change occurs, it doesn’t revert. - Joseph’s “just my thoughts”
Imagine you have a goose that lays golden eggs (how wonderful that would be!). According to philosophy, there are three primary approaches to utilizing this goose. The first person, driven by hunger, decides to cut open the goose, retrieve a golden egg, and sell it. The second individual manages hunger differently by selling the golden eggs as they are produced. Lastly, the third person opts to lease the goose to earn rental income. This scenario illustrates earned income, financial income, and investments. Ultimately, it comes down to how you choose to manage your time (profit in fixed terms) to fit your needs. Wealth is defined by circumstances and the passage of time. - Joseph’s “just my thoughts”