The relativity of values causes us to use money irrationally. I go to the supermarket to buy a $15 pen, and the clerk smiles and says, “You can buy this pen for $7 if you walk 5 minutes from here.” Then, most people walk five minutes and buy a $15 pen for $7. But if you want to buy a $1,000 jacket and the clerk smiles and says, “You can get a $992 jacket in five minutes from here,” most people simply buy the $1,000 jacket. Reasonably, walking for 5 minutes equals the effort, and the profit of $8 is the same. However, people might go to a store that sells pens cheaper, but not for the jacket, because the discount rate is too low. In other words, the relativity of comparing values makes us act irrationally. The pen’s discount rate is 55%, and the jacket’s is only 0.8%. Yet, the total amount is the same for all $8, and the effort to gain that profit is identical. Attitudes and misconceptions about consumption influence how we build wealth. - Joseph’s “just my thoughts”
The Bible's Solomon is called the “king of wisdom”. Solomon did not ask God for wealth and honor, but for “wisdom,” who knows how to rule the people and discern good and evil. This “wisdom” is called “rev showmea (לב שמע)” in the original text. Solving the meaning of this word means “listening mind” or “discerning heart.” Why do you want to hear and discern? To realize and practice. The mind is not seeing. It's to listen. There is no wisdom, wealth, and honor unless we hear and understand a person's heart and then take action. - Joseph’s “just my thoughts”