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Showing posts with the label worth

Just my thoughts #0434

Crisis overcoming and development both begin with “what I have,” not “what I have lost.” “What I have” consists of [everything I possess now, including what I lent to others] minus [what I’ve borrowed from others], [what I’ve inherited], [what I’ve received as gifts], and [what I’ve taken unlawfully]. [What I have] + [What I’ve inherited] + [What I’ve received as gifts] is referred to as [own assets] or [net assets], which includes [something I borrowed], and subtracting [something stolen] in my possession, it is called [asset]. To pay off the liabilities (debts), you must have [net assets] or possess [something I borrowed from others]. The only other way to do this is to repay with [something I stole]. The ultimate goal of any business activity is to acquire [assets]. - Joseph’s “just my thoughts”

Just my thoughts #0368

Don’t build a house on a breathtaking mountain. Instead, constructing a home where we can admire the mountain is a submission to reason. If you possess it solely for its beauty and appeal, its value will diminish. People can distinguish between good and bad, but they lack the knowledge to create, maintain, and extend value. They aspire to have nice things yet avoid contemplating how to boost their worth. - Joseph’s “just my thoughts”