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”
We express our attitudes and thoughts through words. Words can also influence our thinking. Choosing and using words that suit the situation helps prevent misunderstandings and fosters relationships. Even those who wake up on the brink of death in a coma do not easily change the words they have been using. Words shape a person, and the person reflects their words. A good way to check and monitor yourself is to write, even if you’re not a professional writer. - Joseph’s “just my thoughts”