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”
‘Writing’ is the best way to study. Reading, listening, and speaking are also excellent methods, but ‘writing’ represents a different dimension. When you feel uneasy while writing, you are producing content that diverges from your initial problem awareness. You are developing a theory by not identifying the underlying framework of your thoughts, or perhaps the case is not suitable, or the initial problem awareness itself is flawed. Writing reveals what I do not understand, helping you discover and learn more. Consistently doing this each day leads to significant progress. Write at least a few lines every day. - Joseph’s “just my thoughts”