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Just my thoughts #0626

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”

Just my thoughts #0246

Growth and development stem not from accumulating achievements but from various forms of “exchange.” This means that they arise from the value I contribute in relation to the value of something else. This idea applies universally across all communities where people gather, whether in families, companies, or churches, and this exchange can be understood as “sacrifice.” Often, we sacrifice some internal members for the benefit of the group or employees for the satisfaction of external customers. The nature and reasons behind the sacrifice determine the organization’s morality, while the intentions and outcomes of the sacrifice demonstrate its ethical standing. Thus, the phrase “good influence” poses social risks; this is because a sacrificial mechanism exists in our world, allowing for value exchanges that may not necessarily be positive. - Joseph’s “just my thoughts”