Rejection Cost. From the perspective that my profit is someone else’s loss, and someone else’s profit is my loss, the fact that I have to reject an opportunity to make money for my circumstances is a loss for me and an act of giving someone else a profit. In other words, my added value is not determined solely by productivity but also by the marginal utility generated by the law of supply and demand. Therefore, my labor price should reflect the value that I have given up—the profit I could have gained. If the rejection cost is not included in my profit, I will be at a loss to that extent. Failing to account for rejection costs in production expenses is not wise, but foolish, because it risks my survival. There is no absolute value in this world. All economic values are relative. - Joseph’s “just my thoughts”
Time is wiser and smarter than humans. The reason a regular income is necessary for escaping poverty is to fully utilize time’s value . If a person without a regular income invests, they must invest with money they cannot afford to wait for, which forces them to spend the investment funds while waiting for the right opportunity. This may lead to missing a good investment. If the person has already invested, they might not be able to wait to recoup their investment , resulting in debt to others . Individuals who struggle to use their time effectively due to insufficient assets must generate a regular income unconditionally . The reason for having ample assets is to buy time . - Joseph’s “just my thoughts”