Joseph's "Just My Thoughts"

Just as there is a distinction between rich and poor, there are also wealthy and impoverished thoughts. If you think poorly, you become poor. The mark of impoverished thinking is dwelling on the past instead of embracing the present. It’s said that the past was better, unable to accept the progress of the current system. When comparing the two, people often value what is familiar more than what is better. As a result, they make a less favorable choice and justify it. There is a pitfall in familiarity. - Joseph’s “just my thoughts”

Investment techniques involve converting labor income into financial income. In other words, it means purchasing an asset with money earned through labor so that the asset generates profit. But since assets are inanimate, how can they produce income? The answer is that you can profit from an asset’s changing value. You cannot profit if the value remains constant. If there were no volatility in assets, people would have to rely solely on labor to earn money. The issue is that you don’t buy assets that increase in value; you buy assets that decrease in value. Therefore, if you lack the perspective to judge the world, you should abandon the dream of building wealth through assets. - Joseph’s “just my thoughts”

There comes a point when humans can’t earn money from their labor. Whether it’s because we’re old enough to retire or we’re unable to work due to a disability, it’s simply a matter of timing, and the moment we must stop earning from our work has already been determined. That’s why we need to choose to become either investors or unemployed someday. Then, it’s beneficial to understand and actually practice investing while we are able to work. Working hard is good, but how we live our lives is more important. - Joseph’s “just my thoughts”

A driver unfamiliar with the destination slows down as they approach because they need to look around. Even when navigation is inaccurate, drivers tend to decelerate upon reaching their destination. If life is moving slowly and you feel stagnant, you should check whether you truly know your goal or if you’ve set it correctly. Speed is a physical factor, but it also heavily depends on perception clarity. - Joseph’s “just my thoughts”

It is said that to succeed in life or business, you need to judge people well. So, how can we accurately assess others? Instead of focusing solely on the individual, consider their environment. Isn’t it often said that you can gauge a person by their friends? Another useful indicator is their financial disposition—the tendency to spend rather than earn. Attitude toward spending money reveals a significant, if not the most important, part of their character. By examining the environment around the person, it becomes easier to understand their true nature. - Joseph’s “just my thoughts”

An asset is the foundation of all economic activity. If you have assets, you can run a business and settle your debts. The ways to create assets are ‘how one works,’ ‘how to receive gifts from others,’ and ‘how to purchase assets made by others.’ There is a way to steal, but it is a crime. If you don’t initially own an asset, the simplest and almost the only way to create one is to produce something with your own labor. Whether the product is a service or a good, it must be produced unconditionally. Trading products creates added value. Thinking about trading later and making products first is the fastest and most basic way to escape poverty. Therefore, produce even the smallest things every day. Knowledge, records, art—whatever! - Joseph’s “just my thoughts”

Everything that is expressed and recorded externally, such as cell phones, computers, memos, books, and drawings, is an extension of the brain. Our brains aren’t just inside our bodies. This concept is important because extending the ego greatly influences how we see the world. We pay close attention to topics that involve us personally. Self-relevance is a key factor that drives our lives. Personal relationships and possessions get a lot of focus, while other areas seem less important. This is due to a feature of the human brain called ‘selective cognition.’ As civilization advanced, humans delegated parts of the brain’s functions to machines. It was inevitable to make good use of these tools. We should take an interest in the Homo Faber. - Joseph’s “just my thoughts”