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Showing posts with the label regular income

Just my thoughts #0812

Metropolis and Transportation: For mankind, a ‘city’ was a ‘place’ where people were born, grew up, and eventually died. It was initially difficult for humans to choose a ‘place’ to live. Humans had to follow the fate they were given. However, with the development of transportation and the widespread adoption of online networks, humans have been able to select their own places of residence. Throughout history, humans have only been able to voluntarily choose where they want to live for a short time. Achieving freedom of movement marks a fundamental change in the form and character of cities. The development of transportation has completely transformed our lives. The emergence and evolution of transportation means, such as electric vehicles and high-speed trains, indicate that we are in the middle of a revolution that humanity is experiencing for the first time. If you do not respond to these changes, you will face difficulties. - Joseph’s “just my thoughts”

Just my thoughts #0788

Money and Morals: Mencius is regarded as a saint who spoke only of righteousness, but he mentioned a lot of economic issues. Among them, it has been said that humans must have a steady livelihood so their righteousness can also be maintained. According to Mencius, it’s hard to follow human morals without a certain income. To be wealthy, you must have a small, but regular income, which is better than an irregular one. In business, the ‘bottom (seed capital)’ is very important. You need a foundation to start a business. No matter how much capital-less startups are, the fact is that the founders’ labor costs are being consumed. In other words, this means there is a bottom, and nothing is free. Creating a consistent income in life cannot be overstated. If you are struggling due to financial hardship, make sure to have a steady income, even if it’s small. That small, steady income makes the future predictable, turning uncertainty into certainty. Businesses and investments are profitable whe...

Just my thoughts #0518

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 they cannot afford to wait for, 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”