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”
Some people consider “what I have” to be “property,” like “money.” In other words, “All of Mine” = [All my things] - [All I have inherited] - [All I have received as gifts] - [All of the others] - [All I have stolen]. By the way, while there is wealth among [mine], temperament and ability are also crucial resources, in addition to properties such as talent, networks, sincerity, perseverance, attitude, intimacy, determination, courage, wit, and wisdom. Escaping crises and fostering development must begin with “All of Mine.” The success and progress made by [All of the others] is an illusion. - Joseph’s “just my thoughts”