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Just my thoughts #0524

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”

Just my thoughts #0425

It’s a problem if you don’t make steady progress little by little every day; it’s not about whether your abilities are good or bad. Not everyone is the same, but often, quantity influences quality. The effort can be small and shouldn’t be overwhelming at once; regular and steady efforts are key. Therefore, you won’t be able to maintain that pattern under a heavy burden, but finding enjoyment is still possible. If few or no people can give me $100,000 a year, it’s more realistic to aim for $100,000 by having 1,000 people contribute 100 USD each year. Consistency is the only way to expand your inherent capabilities. - Joseph’s “just my thoughts”