There comes a point when humans can’t earn money from their labor. Whether it’s because we’re old enough to retire or we’re unable to work due to a disability, it’s simply a matter of timing, and the moment we must stop earning from our work has already been determined. That’s why we need to choose to become either investors or unemployed someday. Then, it’s beneficial to understand and actually practice investing while we are able to work. Working hard is good, but how we live our lives is more important. - Joseph’s “just my thoughts”
Free Effect . A new ice cream company in India has set up free ice cream vending machines on the streets to promote its brand. Result? People lined up at a very long distance in front of the vending machine. It was raining then, and the people in line went to a convenience store to buy umbrellas, then lined up again. Umbrellas cost much more than ice cream . However, people kept lining up. Cheap and free are two completely different concepts . When the price is low, sales increase slightly, but when it is free, an extraordinary dimension of the problem arises. It’s a privilege , so consumers are willing to pay a higher price to get something for free. Free is not a matter of reason; it is a matter of emotion . - Joseph’s “just my thoughts”