Money and Morals: Mencius is regarded as a saint who spoke only of righteousness, but he mentioned a lot of economic issues. Among them, it has been said that humans must have a steady livelihood so their righteousness can also be maintained. According to Mencius, it’s hard to follow human morals without a certain income. To be wealthy, you must have a small, but regular income, which is better than an irregular one. In business, the ‘bottom (seed capital)’ is very important. You need a foundation to start a business. No matter how much capital-less startups are, the fact is that the founders’ labor costs are being consumed. In other words, this means there is a bottom, and nothing is free. Creating a consistent income in life cannot be overstated. If you are struggling due to financial hardship, make sure to have a steady income, even if it’s small. That small, steady income makes the future predictable, turning uncertainty into certainty. Businesses and investments are profitable whe...
Action and behavior are distinct. Action is an immediate response to a situation’s demands, while behavior is a voluntary response driven by will and intention. So, which one is more important? Both are essential. There is a time to act and a time to behave. The best approach is for your behavior to follow what you started with action. Immediate action is necessary to achieve results, and behavior is needed to put your will into action with a specific purpose or goal. A person who acts easily is practical, while a person who prefers behavior is strategic. But if you don’t act, nothing happens. The world we live in gains meaning after its occurrence and its consequences. - Joseph’s “just my thoughts”