Joseph's "Just My Thoughts"

One of the key principles of money is ‘ opportunity cost .’ It means that when I buy something, I have to give up something else in return. We think we buy because we need something, but we often forget that we could buy something else instead. We rarely consider ‘opportunity cost’ when making a purchase. We do not compare other values against our needs. Buying something means giving up something else, but we often don’t realize it. When we spend money, we should also consider the ‘opportunity cost’; yet, in reality, we aren’t trained to do so. By making a purchase, we bypass the value comparison that may not offer any additional benefits. Maybe it’s because we lack knowledge, or perhaps the idea isn’t appealing. - 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 concentrate, you must first give up. The choice lies in setting priorities, and to overcome the limits of concentration , you must boldly let go of things of low importance according to those priorities. Greed hinders the act of giving up. Not giving up is not merely about intelligence; it involves morality , values , and a person’s character. This is also why human beings do not succeed based on knowledge alone. Even if you decide to give up, concentration exists in another dimension. Choosing something means also giving up or rejecting something else. At this juncture, a value exchange occurs between what is chosen and what is discarded. Thus, our greed is linked to comparative values . The next choice and abandonment depend on the values I already possess. - Joseph’s “just my thoughts”

What does it mean to be good at work? First, you need to understand your priorities well. Priorities are shaped by self-worth and circumstances. The priority is to have empathy, even when there isn’t a clear correct answer. In this world, there’s a correct path that most people acknowledge. It reflects the common values that humanity has agreed upon over time. Second, you need to identify the key point. The point is that even if you eliminate other factors, you should never remove them. Third, everything must align with your purpose. There’s a reason behind everything you do. And finally, you must maintain trust. - Joseph’s “just my thoughts”