Business debates who benefits most from time. When borrowing money, the debtor gains the benefit of time until the repayment date. Since the period before repayment favors the debtor, the debtor compensates the creditor with interest. However, as the repayment date approaches, time shifts to favor the creditor. After the due date, the debtor loses the benefit of time, known as ‘acceleration of debt,’ and must repay both the principal and interest. Time benefits debtors but poses risks to creditors. Therefore, lending money without interest results in a loss. All of this illustrates the power of time. Time is money, and money derives its value from time. The most important factors for CEOs to focus on are time and, next, opportunity cost. - Joseph’s “just my thoughts”
Greed isn’t about how much you want, but about wanting something without paying for it. Nothing in this world is free; everything has a cost, whether seen or hidden. Trying to get something for nothing leads to problems and consequences. What am I actually paying now, and for what? It’s useful to think about this from time to time. - Joseph’s “just my thoughts”