We often overlook the financial concept of “opportunity costs” because there is no immediate cash expenditure involved. Typically, we invest more time and effort in purchasing cheaper products. In contrast, wealthy individuals do not have to exert as much effort as those with fewer financial resources. When we factor in opportunity costs, we often find ourselves spending a similar amount of money on the same items, regardless of wealth status. For instance, if Bill Gates picks up a dollar that someone has dropped, he actually detracts from his financial standing due to the opportunity costs associated with the value of his labor. In this regard, he might save more money by choosing to rest instead of working. Ultimately, opportunity costs are the hidden expenses that can keep us in financial distress in the real world. - Joseph’s “just my thoughts”
If you’re angry, it’s important to seek an apology from the person who wronged you. Anger that doesn’t lead to an apology becomes a mere emotional release. Sometimes, it can be more beneficial not to hold on to anger, especially when you can’t expect an apology. Mental management allows you to assess the situation. If you believe an apology isn’t forthcoming, you might find it easier to redirect that anger inward, preserving your dignity in the process. - Joseph’s “just my thoughts”