Credit Rating and Required Rate of Return: Suppose you and Warren Buffett borrow money from a bank. The bank will assess your credit ratings differently. Maybe the bank could offer Warren Buffett a loan without interest since it can be advertised as a bank used by the renowned investor. However, it will likely charge you interest because you have a lower credit rating and less fame than Warren Buffett. The interest rate each borrower faces, based on their creditworthiness, is called the required rate of return for creditors. Under the same conditions, the cost of poverty is much higher for the poor than for the rich. Poverty inherently involves costs. - Joseph’s “just my thoughts”
A wise person advises us not to hold grudges against anyone in our lives. This is because if I foster a grudge, even if it’s physically disconnected from each other, that grudge will eventually interfere with my life. Blessings and grudges also operate beyond my time. It’s just problematic because it doesn’t align with the timing I desire, and our lives are intertwined with an inevitable fate that transcends time in this way. - Joseph’s “just my thoughts”