Being in debt means using up the future in the present. Essentially, it’s about how we manage our time. Therefore, the most valuable resource for debtors is time, and it depends on which side time favors. Paying off debt is like repaying borrowed future time early. When the ability to generate wealth over time decreases, the future time becomes a burden, and the debtor faces the pain of bankruptcy. Taking on debt is costly. It may seem like borrowed money is repaid with money, but the irreplaceable resource of time is also returned along with interest. With the rise of postpaid credit cards as a common payment method, we’ve become less sensitive to the associated pain and cost. There are two ways to spend money: using present time or future time. The costs and pain are much higher when the future is spent as if it were the present. - Joseph’s “just my thoughts”
It doesn’t make it sell well; it’s about choosing and focusing on what has sold well. You can expect it to sell well, but you can’t predict that it will sell well. Conversely, it’s much wiser to put it on the market to see if it genuinely sells well while holding your expectations, and then discard it if it doesn’t sell, focusing only on what does sell well and developing it further. Thoughts are crucial, but they don’t create any wealth. Market choices create wealth. Start small and try to manage your risk. Don’t gamble; instead, verify. - Joseph’s “just my thoughts”