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Showing posts with the label future income

Just my thoughts #0797

Survival of the Fittest and Cooperation: Examining the world from the perspective of competition for survival reveals that only the strong and fittest survive, a concept often referred to as “Falling Prey to the Strong and Survival of the Fittest.” However, there are cases where this principle does not apply, when each entity cooperates with the others. Then, rather than surviving because they are strong and adaptable, it may be that they are strong and adaptable because they survived. Cooperation is an act of a very peculiar nature. The truth is, those who cooperate are the strongest. - Joseph’s “just my thoughts”

Just my thoughts #0512

To build wealth, you must live on your current income, not your future income. Using a credit card allows you to live in the present relying on future income, whereas using a debit card or cash enables you to live in the present with current income. To achieve prosperity, you need to have compound interest working in your favor. Living in the present with future income means depending on the compound interest of others , while living in the present with current income allows you to benefit from compound interest yourself. Don’t live in the present by discounting the future. Don’t discount your time; give it a premium. - Joseph’s “just my thoughts”