Salary isn’t just ‘my money.’ It’s money that should be spent considering yourself today, your future self in 10 years, and your future self in 20 years—that is, your future self together. Therefore, my current income is always, in a way, public money. We need to get approval from our future self before spending now. A bright future is only guaranteed if the future self agrees to the spending. It’s inconvenient to spend other people’s money on your own terms, and thinking of your own money the same way you see others’ cherished money will help you develop good habits for the future. I don’t have an exclusive claim to my own money, as if there’s no such thing as my own air in this world. - Joseph’s “just my thoughts”
Tesla earns revenue through car sales, but its real profits come from other sources. Although Hyundai-Kia Motors sells more cars annually than Tesla, it does not have the same profit structure, which is unique to Tesla. Tesla capitalizes on environmental assets by selling carbon credits each year. While the company experiences overall losses in car sales, the sale of these carbon credits results in surplus income, positively affecting its stock price. Traditional automakers contribute to Tesla’s profitability by purchasing cars and paying fines for carbon emissions. This dynamic is also a key reason why Tesla establishes operations in regions with strict pollution regulations. - Joseph’s “just my thoughts”