Joseph's "Just My Thoughts"

Wise people don’t need managing, foolish people are unnecessary to manage, those who love you don’t require managing, and those who don’t love you aren’t worth managing. This is why I need to be more of ‘me’ rather than trying to conform to others; it also explains why the world is more likely to function properly if I take good care of myself. It doesn’t mean you have to live selfishly, but it does mean you’d better accept altruistic selfishness. - Joseph’s “just my thoughts”

In any business, a lessee who can pay the rent on real estate with the profits from that business is the most qualified to own the property. Businesses that generate profits based on real estate, such as stores, enhance the value of the real estate by creating local commercial areas with their sales profits. For the lessee’s contribution, the landowner can pay off the bank loan taken to purchase the property. Proceeds from business sales go to the business owner; however, as a result of the lessee’s business, the owner of the building effortlessly earns real estate revenue. Due to a lack of funds, even a hardworking lessee may find themselves donating the profits earned from their arduous efforts to unreasonable others. Although it’s not easy, it is wise to allow the entrepreneur to enjoy the potential profits from their challenging business if they can pay off the bank loan and interest with the original rent paid in exchange for owning the property. Because no one, regardless of thei...

The most common excuse for people who can’t save money is that they don’t have enough to spend. This is true, but it is also unacceptable. You don’t have enough to spend because you’ve pulled your future income into the present and spent it in advance. Taking a loan, getting an investment, and using a credit card all share one thing in common: they move future time into the present. There can be no investment that ignores the effect of time and no money management that does not consider time. Discounting the future means that there is no present income; instead, future income is drawn into the present and used. There is only one way out of this trap. Currently, the only way to reduce expenditure is through frugality. After that, you can only increase your income. - Joseph’s “just my thoughts”

The most important aspect of investing is managing risk. However, in most cases, risk management is interpreted and assessed in relation to past patterns. When asset prices fall, the perceived risk appears significant. That doesn’t imply there weren’t risks; investors simply didn’t recognize the risks that originally existed. The level of risk is almost identical whether the price of an asset goes up or down, but when prices decline, they tend to drop further because fear prevents us from purchasing more assets, leading us to retreat. It’s not that the risk has escalated. It is unwise to link risk with past patterns. There have been numerous exceptions in the world, and many beings on this planet have disappeared because they could not adapt. Did dinosaurs not become extinct on Earth? Exceptions are exceptions because they are unpredictable. - Joseph’s “just my thoughts”

Talented individuals are more likely to earn significant money in a short period than to generate regular, routine income. However, if they can’t establish a steady income from the substantial earnings they’ve made at once, they risk facing financial difficulties. This is why individuals who earn a large sum quickly need investment knowledge and experience. Understanding how to manage risks rather than just focusing on profit is the most crucial aspect of investing. The best way to mitigate or control risk is to anticipate the future; a steady income facilitates predictions, making risk management easier than in other scenarios. Therefore, a business should prioritize generating a stable income. - Joseph’s “just my thoughts”

When farming, it doesn’t mean it doesn’t rain, but if it rains just twice a year, it ruins the farm. If it rains heavily, it causes a flood; if it doesn’t rain for a long time, it leads to drought. Regularity is a crucial habit that enriches our lives. So is money. Money that comes in regularly every month is more valuable than money that arrives all at once. A small but consistent action taken every day can radically change your life. However, the reason this is hard for us is that the effect must accumulate over a certain period before you can feel a significant difference. Patience accomplishes very valuable things that money cannot achieve. - Joseph’s “just my thoughts”