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”
If you’re angry, it’s important to seek an apology from the person who wronged you. Anger that doesn’t lead to an apology becomes a mere emotional release. Sometimes, it can be more beneficial not to hold on to anger, especially when you can’t expect an apology. Mental management allows you to assess the situation. If you believe an apology isn’t forthcoming, you might find it easier to redirect that anger inward, preserving your dignity in the process. - Joseph’s “just my thoughts”