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”
When someone sings, there is a range and tone that sounds good without any effort. It takes skill and effort to extend beyond that range, but having enough confidence in the fundamental range and tone is much more advantageous. It is an innate talent that will eventually be revealed effortlessly. If you stick to the basics, the craftsmanship will follow. Confidence is built on adhering to the fundamentals. - Joseph’s “just my thoughts”