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”
On the economic front, a relationship that believes in each other is much more beneficial than an untrustworthy relationship. Disbelief results in inefficiency and leads to increased costs. Nevertheless, most of us choose to be distrustful because our experiences of loss from betraying after we have trusted someone are clearly visible and the benefits of cost savings by trusting someone are invisible. My attitude toward the world determines my actions, in our distorted experience, we regret and conflict daily. Even though we know it's a loss, we continue to cling to our foolish choices. - Joseph’s "just my thoughts"