One of the key principles of money is ‘opportunity cost.’ It means that when I buy something, I have to give up something else in return. We think we buy because we need something, but we often forget that we could buy something else instead. We rarely consider ‘opportunity cost’ when making a purchase. We do not compare other values against our needs. Buying something means giving up something else, but we often don’t realize it. When we spend money, we should also consider the ‘opportunity cost’; yet, in reality, we aren’t trained to do so. By making a purchase, we bypass the value comparison that may not offer any additional benefits. Maybe it’s because we lack knowledge, or perhaps the idea isn’t appealing. - 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”