According to Morgan Housel, a financial author, whether an investor is safety-oriented or risk-oriented is mainly shaped by early adult experiences, not by intelligence or education. It depends on where and when a person is born. The region I live in, including my country and the era, greatly influences a person’s economic outlook and ability. If you feel ‘no way,’ you might need to change your location. Even when evaluating others, if you estimate ‘no way,’ you should consider having them leave the place. In the Bible, when someone changes their life, the first thing God does is move them from one place to another. - Joseph’s “just my thoughts”
Imagine you have a goose that lays golden eggs (how wonderful that would be!). According to philosophy, there are three primary approaches to utilizing this goose. The first person, driven by hunger, decides to cut open the goose, retrieve a golden egg, and sell it. The second individual manages hunger differently by selling the golden eggs as they are produced. Lastly, the third person opts to lease the goose to earn rental income. This scenario illustrates earned income, financial income, and investments. Ultimately, it comes down to how you choose to manage your time (profit in fixed terms) to fit your needs. Wealth is defined by circumstances and the passage of time. - Joseph’s “just my thoughts”