Debt : The essence of wealth is ‘debt.’ Liabilities are regarded as debt capital and included as assets in accounting . Isn’t it odd? Debt is classified as an asset... The fundamental idea that currency is created based on the principle that debt arises is crucial. Debt can serve a positive purpose by lowering opportunity costs , but it can also be harmful if not repaid, as it deprives others of their opportunity costs since it must be paid back. Managing debt properly is essential for a company's capabilities in certain situations. Understanding others’ debts can help maintain good credit. However, there are limits to examining others’ debts. Instead, we can monitor the flow of money as an apparent interest rate. Therefore, recognizing and responding to interest rate fluctuations during economic activities is extremely important. - Joseph’s “just my thoughts”
Most trees do not grow alone; they grow alongside other trees. If a tree does not thrive, it cannot develop further because it is overshadowed by its neighboring trees , making it difficult to bear fruit. If it does not bear fruit, it cannot prosper and may eventually die or decline. To bear fruit signifies survival. A tree or a person can gauge health and future development based on its fruit. The fruit of a person is represented by their work and achievements. The track record reflects aspects of luck, effort, ability, humanity, capital, and time. Each element contributes differently to performance, but the variation does not shame the individual. Success or failure is secondary; the true shame lies in having no achievements. Trees and people are evaluated by their fruit. - Joseph’s “just my thoughts”