Joseph's "Just My Thoughts"

Being wealthy means your assets grow larger, and their value increases too. The purpose of all economic activity is to secure assets. The more assets you have, the more opportunities you create. Assets represent the total of what one owns and borrows from others. In other words, it is the complete amount of resources available for earning time. Resources serve as the foundation for acquiring additional resources. It’s like using small earthworms as bait to catch fish. Thus, it is said that money makes money. This is referred to as financial income. Income is primarily categorized into earned income and financial income. If you have a substantial earned income but lack financial income, you are more likely to face poverty in the future. - Joseph’s “just my thoughts”

Time is wiser and smarter than humans. The reason a regular income is necessary for escaping poverty is to fully utilize time’s value. If a person without a regular income invests, they must invest with money that cannot afford to wait, which forces them to spend the investment funds while waiting for the right opportunity. This may lead to missing a good investment. If the person has already invested, they might not be able to wait to recoup their investment, resulting in debt to others. Individuals who struggle to use their time effectively due to insufficient assets must generate a regular income unconditionally. The reason for having ample assets is to buy time. - Joseph’s “just my thoughts”

Value and price are different. Value results from relative comparison, and the numerical expression of this result is price; however, value and price do not always align . If the price-to-value ratio is positive, the seller makes a profit while the buyer incurs a loss. Conversely, if it is negative, the seller faces a loss, and the buyer gains a profit. Transactions occur at price, not at value . Handling the ground differs from selling without knowing that gold is buried and purchasing with that knowledge while keeping it hidden. The disparity between value and price creates a divide between wealth and poverty . - Joseph’s “just my thoughts”

“Poverty charges interest,” said American singer Tay Zonday . If you don’t have money to buy toothpaste or a toothbrush , you will pay for the implant next year. This applies even to those with physical disabilities . People with disabilities often pay more for the average distance traveled. In contrast, the costs for the wealthy or non-disabled are cheaper and more efficient than those for others. Weakness is not merely a product of comparing superiority and inferiority. The moment I recognize my weakness, I must keep in mind the price I will pay in the future, and the world must charge me that interest. We often try to forget that this accumulation of poverty interest s makes us poorer. - Joseph’s “just my thoughts”

One person gives freely yet gains even more; another withholds unduly, but comes to poverty. (Proverbs 11:24) This is a record from the Old Testament. It should not be interpreted as an endorsement of wastefulness. Wealth is not determined by the amount of income and expenditure but rather by purpose, relationships, and the timing of the purpose-fit-management. - Joseph’s “just my thoughts”

The poorer persons are, the more likely they are to consider the system they are in, not their abilities or character. The poor are more likely to choose to live in ways that make them poorer. It's not because they're stupid, it's because the system they're in leads them to make those choices. Rutker Bregman, a Dutch historian and author, says that everyone is forced to make such decisions when they are placed in this environment. The way out of this system is to change your worldview. Poverty is a state of being, not an outcome. - Joseph's "just my thoughts"