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”
People fall due to stubbornness rather than a lack of intelligence. However, that doesn’t mean we’ll succeed simply by letting go of stubbornness. Failure and success follow different formulas. These two subjects belong to different dimensions and involve distinct elements and processes. Still, baseless stubbornness is an issue worth considering. Because of this stubbornness, not only does one suffer, but others also experience harm. - Joseph’s “just my thoughts”