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”
Both a life in which money is the goal and a life that ignores money while focusing on the limitations of existence are enslaved to money. People are wary of greed for money but feel pity for a life constrained by its lack and filled with excuses. However, these two are essentially the same phenomenon, stemming from a misunderstanding or lack of knowledge about the essence of money . Both conditions prevent individuals from achieving the freedom that money can provide . That is why money becomes a source of unhappiness when it is viewed either as a purpose or merely as a means. There is nothing more precious than the freedom to exercise sovereignty over my life independently. The world divides into those who seek wealth for freedom and those who earn money to become slaves to it. There is no neutrality. - Joseph’s “just my thoughts”