A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”
It’s a problem if you don’t make steady progress little by little every day; it’s not about whether your abilities are good or bad. Not everyone is the same, but often, quantity influences quality. The effort can be small and shouldn’t be overwhelming at once; regular and steady efforts are key. Therefore, you won’t be able to maintain that pattern under a heavy burden, but finding enjoyment is still possible. If few or no people can give me $100,000 a year, it’s more realistic to aim for $100,000 by having 1,000 people contribute 100 USD each year. Consistency is the only way to expand your inherent capabilities. - Joseph’s “just my thoughts”