An asset is the foundation of all economic activity. If you have assets, you can run a business and settle your debts. The ways to create assets are ‘how one works,’ ‘how to receive gifts from others,’ and ‘how to purchase assets made by others.’ There is a way to steal, but it is a crime. If you don’t initially own an asset, the simplest and almost the only way to create one is to produce something with your own labor. Whether the product is a service or a good, it must be produced unconditionally. Trading products creates added value. Thinking about trading later and making products first is the fastest and most basic way to escape poverty. Therefore, produce even the smallest things every day. Knowledge, records, art—whatever! - Joseph’s “just my thoughts”
The advice to concentrate on one thing instead of trying to excel at many is valid, as it’s also challenging to master a single skill. If you neglect the other essential background abilities necessary to enhance that one skill, you will be unable to overcome your limitations. For a top-level skill to thrive, the supporting average abilities for that skill must also develop concurrently. Concentration should not be an excuse to avoid or ignore what’s important. - Joseph’s “just my thoughts”