Joseph's "Just My Thoughts"

Some people are poor but live with a rich mind , while others are rich yet live with a poor mindset . Poverty compounded costs, and wealth compounded profits. All of them operate on the principle of compound interest . Poverty costs a lot. So, what’s the difference between a rich mind and a poor mind? Their attitude toward time varies significantly. Not everyone, but when a poor person suddenly becomes rich, they still pay the cost of poverty. The most common form is installments . Thus, even if people are rich, they often live with a poor mindset, sometimes thinking of it as savings. Even if you are poor, you can live with a rich mind, which increases your chances of getting wealthy. Debt pulls the future into the present. Drawing the future ahead of time makes people slaves. They say they are slaves of money, but in reality, they are slaves of time . If you gradually change the habit of bringing future time into the present , your attitude will shift, and your behavior will change....

Invisibly, we engage in a fierce struggle with ‘ time .’ Both economic activities and wealth accumulation are battles against time. Time is fair and irreversible. Therefore, it makes sense to evaluate and judge the value of an asset based on time. Additionally, we analyze past records to assess and forecast the future , while also avoiding current deprivation by bringing the concept of ‘future’ into the present to compensate for insufficient assets. All of this is the magic of time. The past influences the present, and the future shapes the present. The present of the past is molded by the current moment, and the future will also attempt to predict what lies ahead by examining the present. We live by differentials and sometimes integrals . I believe this phenomenon occurs because the concept of infinity exists. - Joseph’s “just my thoughts”

Being in debt means using up the future in the present. Essentially, it’s about how we manage our time. Therefore, the most valuable resource for debtors is time, and it depends on which side time favors. Paying off debt is like repaying borrowed future time early. When the ability to generate wealth over time decreases, the future time becomes a burden, and the debtor faces the pain of bankruptcy . Taking on debt is costly. It may seem like borrowed money is repaid with money, but the irreplaceable resource of time is also returned along with interest. With the rise of postpaid credit cards as a common payment method, we’ve become less sensitive to the associated pain and cost. There are two ways to spend money: using present time or future time. The costs and pain are much higher when the future is spent as if it were the present. - Joseph’s “just my thoughts”

Meeting someone intentionally requires planning a specific time and place, and because it is a three-dimensional event , it can be seen as a cosmic occurrence . We can’t meet simply by setting a time, nor can we meet just by choosing a place. So, how much more astonishing is it to meet someone by chance without an appointment? Meeting and breaking up with someone are by no means easy. We create cosmic events every day, fulfilling vast mathematical probabilities and physical conditions. - Joseph’s “just my thoughts”

Making money with money is called finance . Simply put, it’s a money trade. However, the most crucial asset in a business that earns money is ‘ time .’ Over time, money can grow into more money, whether through a return on investment or interest . So, what does time do? Time causes changes in value, shifting from low to high, and then back from high to low. Time is not equally valuable to everyone. It provides different returns for those who accurately estimate its worth and take action. The value of time varies from person to person, as each individual perceives it differently. - Joseph’s “just my thoughts”

To be in debt means using future time in advance. If you go into debt to avoid a difficult situation right now without awareness because you think, “I can pay it back later,” you will experience the cruelty of life against the fairness of time. Assuming that income does not change and the present is maintained, the future spent in advance will again be insufficient when the future that has been drawn up in the coming time becomes the present. In the end, this means you have to continue incurring debt. Not only do you have to repay a debt, but you also have to pay interest as compounded interest . Therefore, the present that has spent the future ahead of the past is poorer. Moreover, prices are higher than in the past. Most people in this world do not understand why debt is a burden due to compound interest. - Joseph’s “just my thoughts”

To receive investment or borrow money is to use the “future” in advance. We should be cautious about using the “future” ahead of the present . The way to determine whether a transaction is favorable or unfavorable is to assess whether the time associated with it is beneficial or hostile to you. Time affects both the weak and the strong equally. This fairness is daunting. It embodies the fear that there are no exceptions to this principle. If the amount of sand (time) in both hourglasses is the same and the gravitational pull is equal, but the amount of sand falling is different, the outcome is significantly different. The fairness of time causes those who live in the future rather than the present to consume irretrievable value. The poor either do not recognize or overlook the fact that increases or decreases in wealth inevitably discriminate against those who live simultaneously. There is nothing more foolish than moving forward in time knowingly. - Joseph’s “just my thoughts”

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”

The value of one piece of bread is greater when you have only two pieces than when you have ten. The same principle applies to how we use our time. Age serves as a significant measure of how we perceive the quality of time. As people approach death, they tend to place a higher value on time. In other words, the quality of time spent varies with age. While mistakes made in your twenties can be overlooked, tolerating the same mistakes in your fifties or sixties indicates a different quality, despite the same amount of time passing. Growing older means gaining a deeper understanding of responsibility and acceptance. - Joseph’s “just my thoughts” 

Feeling fear often can lead someone with a strong will to try to compensate for their weaknesses or prevent dangers. However, if that person is also smart, they may easily overcompensate. In worldly affairs, change and wealth arise from taking action, not merely from thought. If people experience a lot of fear and are both strong-willed and intelligent, they are more likely to become poor. This happens because they might believe they can achieve their goals through only thinking instead of taking further action. What these individuals often overlook is the value of time, which money cannot buy. - Joseph’s “just my thoughts”

An effort is not meaningless in itself, but it does not guarantee progress. Instead, progress is a result of time. Effort leads to progress over time. At this point, there’s a premise: time-flow! Some things can only be seen with age. The passage of time transforms both the world and myself. I simply need to make an effort to adapt to the world’s changes. After all, effort equates to persistence. - Joseph’s “just my thoughts”

Let’s say someone bought a building with a bank loan. If the landlord fails to pay the interest, the bank is forced to pay the principal. If the principal isn’t paid, the bank can put the building up for auction, even though the landlord owns it. Interest is the cost of borrowing money over time. The reason I can purchase a building without using my own money is that I can leverage time through interest. When we say time is money, it doesn’t just mean to save time and live diligently. It emphasizes that time truly represents money. - Joseph’s “just my thoughts”

The concept of “going concern” in accounting emphasizes that a business must persist into the future to retain its value. This principle signifies that present value already incorporates expectations of future value; thus, a business facing uncertainty about its future will inevitably diminish in present value. It highlights the interconnectedness of present and future values, suggesting that they cannot be regarded in isolation. All stocks traded on the stock market are priced based on their anticipated future value. In essence, we trade on a future that has yet to materialize. Consequently, determining how far into the future to evaluate is a critical factor in making investment decisions. Since individuals have varying skills and perspectives on forecasting the future, selecting an investment strategy must align with one’s attitude toward time. - Joseph’s “just my thoughts”

My mother uses an old cell phone instead of a typical smartphone. My father passed away without ever owning a cell phone. Though they were my parents living in the same era as technology advanced, they struggled to learn how to use a computer. As a result, my parents felt increasingly out of touch. Existing in the same timeframe doesn’t guarantee that everyone experiences the same advancements in civilization. Although time progresses universally, its impact varies among individuals. This variance is shaped by our memories and cognitive perceptions. Thus, the saying, “You don’t miss your water till the well runs dry” remains relevant. - Joseph’s “just my thoughts”

Every day, I examine the world map. When I zoom in, the map reveals a world I have yet to discover. There are countless unknown places on this planet that I have not experienced. By observing the geography, countries, and attractions, I can learn about history and broaden my perspective on the world. Looking at the map prompts me to reconsider space, time, and culture. For instance, in the Bering Strait, Big Diomede Island belongs to Russia, while Little Diomede Island is part of the United States, and the distance between them is only 3.7 kilometers. The International Date Line passes between these two islands. Even if we were to cross the distance by ship, it would take about 9 minutes at a speed of 15 knots. However, after those 9 minutes, we would find ourselves a full 21 hours behind. This situation illustrates that time is more of a human agreement than a mere physical measurement. Ultimately, learning and personal development are fueled by continuous questioning and doubt.  ...

Humans are bound by their experiences. The extent and depth of these experiences shape how time is perceived by individuals. Recognition occurs within a person’s unique time framework, which is distinct from physical time. Even sharing the same age, individuals experience time differently. In the absence of challenges, the scope of one’s experiences remains constrained, leading to a limited perception of time. Imagination draws from experience, broadening only through facing challenges and making attempts. Observing and immersing oneself in various experiences, such as travel, becomes valuable forms of learning that don’t require a teacher. - Joseph’s “just my thoughts”

Extending a loan is buying time with money. However, banks turn time into money. Purchase time with cash makes you poor, but changing time with money makes you rich. To pay off your debt, you have to change your time into cash and buy money (debt) with that money. All economic activity is an attempt to turn time into money. - Joseph’s “just my thoughts”

Music is the flow of time. It is an art that divides a predetermined time and promises when to pronounce it. Musicians who break time promises are not entitled to music. It is an act of desecrating the sublime art of music. - Joseph’s “just my thoughts”

There is no way to make time. Eventually, humans face the problem of giving up something without exception. Slack is the price of giving up. - Joseph’s “just my thoughts”

Human behavior and psychology are tricky and complex. If you ask someone who prefers short-term gains, “Would you like to get $1,000 now or $1,020 a year from now,” the person will choose the former. However, if you change the question, “Would you like to get $1,000 in 10 years or $1,020 in 11 years,” people will choose the latter. The taking of time and possessiveness are even under the same conditions, they make different choices. These two dominate the human personality. - Joseph’s “just my thoughts”