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”
When a cow dies, it becomes beef , and when a human being dies, it becomes a corpse. If you can’t live with honor , your life isn’t even as valuable as beef. Beef is food, but a corpse is merely a cost. Cows help humans until they die, but humans are worthless once they pass away. The sooner you understand this futility , the better your life will be. - Joseph’s “just my thoughts”