Now, let’s think about it this way. You have a pig. Your pocket will incur expenses to save the pig. If the pig gives birth to a baby, there are 12 more pigs. The cost of the stock feed increases further, but the total number of pigs increases by 13, and your assets rise. Assets are a means and measure of wealth, although they also increase costs. To achieve wealth, you need to acquire a lot of assets at a low cost. We call the increase in the number of pigs “production” in economic terms. That is, there must be production to obtain assets. Produce anything, whether you create services, compose music, or make a product. Without production, there cannot be wealth.
- Joseph’s “just my thoughts”
Comments
Post a Comment