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Just my thoughts #0571

A ‘transaction’ is an act of debt between parties. The seller owes goods to the buyer (performance debt), and the buyer owes money to the seller (monetary debt). A transaction is considered complete when the debt is settled and the promise to owe each other is called a ‘contract.’ Thus, a good trader or businessman excels at making and repaying debts. When it comes to debt, the type of debt matters. Anyone who misjudges this should not engage in business. - Joseph’s “just my thoughts”

Just my thoughts #0440

The representatives do not produce the results; instead, they establish the system that generates those results. Failing to grasp this distinction can lead to significant consequences. The system defines a goal, organizes a structure that aligns with that goal, designates a person responsible for each point of connection within the structure, assigns appropriate roles, and delegates authority and responsibility. Ultimately, the representatives are responsible for the system. - Joseph’s “just my thoughts”

Just my thoughts #0421

To achieve what humans desire, they must first tackle the tasks they are reluctant to face. If you wish to live simply, you need to organize the chaotic and complex aspects of life. It’s akin to cooking, even when it feels bothersome, to enjoy a delicious meal. Yet, we often prefer to eat only what others have prepared. If you solely seek comfort and immediate gratification, you’ll depend only on luck and chance. Some people aren’t familiar with the concept of earning their due, even when the price is offered, and it can understandably be challenging to compensate the right person. These individuals often act as if they don’t own a car, merely waiting for a bus. It’s better to have a car owner who can drive them wherever and whenever they desire, even if driving involves hard work, rather than simply waiting for a ride. Taking initiative in life is a privilege reserved for those willing to endure inconvenience and who can afford to pay the price. - Joseph’s “just my thoughts”