According to Morgan Housel, a financial author, whether an investor is safety-oriented or risk-oriented is mainly shaped by early adult experiences, not by intelligence or education. It depends on where and when a person is born. The region I live in, including my country and the era, greatly influences a person’s economic outlook and ability. If you feel ‘no way,’ you might need to change your location. Even when evaluating others, if you estimate ‘no way,’ you should consider having them leave the place. In the Bible, when someone changes their life, the first thing God does is move them from one place to another. - Joseph’s “just my thoughts”
If I’m poor now, it means I’m more likely to become poorer in the future. Statistically , that’s the case. If you don’t have the money to go to the hospital now and you don’t seek treatment, you could suffer from cancer in the near future. Paying now reduces the risk of greater expenses later. Consequently, the rich can purchase the same goods or services at lower prices than the poor. The same principle applies to knowledge and health. Interest is a cost. If you don’t acquire knowledge, interest will accumulate, and if you neglect your health now, interest will also increase. We often forget that an expense is revenue for someone else. - Joseph’s “just my thoughts”