No matter how smart you are, if you don’t exchange values, you’ll starve to death. For one thing, being self-sufficient enables survival, but self-sufficiency is only possible if you have your own assets and can borrow from others. However, even with existing assets, one can only survive through minimal labor and effort, which means engaging in productive activities. Thus, having great intelligence and applying that intelligence to productive activities are two different things. Even if you aren’t brilliant, you can survive if you are productive. It’s essential to identify the productive activities in which I excel and those where I need improvement. If I understand that, I must act without looking back. - Joseph’s “just my thoughts”
Money is essentially the same, yet it creates different qualities in how it is used and transacted. In other words, the quality associated with money varies. Not all debts are created equal; there are good debts and bad debts . The quality of these debts can also be classified as good or bad, impacting sales and profits. This is similar to how paying the same amount for fruits can yield different results: one box might contain delicious fruit while another may hold tasteless ones. Thus, even when spending the same amount of money, the pleasure and satisfaction derived from the taste can vary significantly. When these differences accumulate, the utility value of money significantly affects wealth distribution , making the gap between wealth and poverty even more pronounced. Earning well, spending wisely , and borrowing judiciously greatly influence our happiness in life. - Joseph’s “just my thoughts”