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Showing posts with the label debts

Just my thoughts #0749

Thinking of love and hate, honesty and dishonesty as extensions of myself helps shape how I build relationships and how I act. The truest honesty I show to others is reflected in how I extend honesty to myself and share it with them. Those who are not honest with themselves are also not honest with others. If I don’t forgive myself, my hatred for others also fosters negative feelings within me. I can accept others in myself just as much as I accept myself. My well-being always comes first, with others coming second. - Joseph’s “just my thoughts”

Just my thoughts #0549

Money is essentially the same, yet it creates different qualities in how it is used and transacted. In other words, the quality associated with money varies. Not all debts are created equal; there are good debts and bad debts . The quality of these debts can also be classified as good or bad, impacting sales and profits. This is similar to how paying the same amount for fruits can yield different results: one box might contain delicious fruit while another may hold tasteless ones. Thus, even when spending the same amount of money, the pleasure and satisfaction derived from the taste can vary significantly. When these differences accumulate, the utility value of money significantly affects wealth distribution , making the gap between wealth and poverty even more pronounced. Earning well, spending wisely , and borrowing judiciously greatly influence our happiness in life. - Joseph’s “just my thoughts”

Just my thoughts #0151

There are many reasons why a business is challenging. Still, the most general and essential mistake is the inability to distinguish between “good and bad revenues” and “good and bad debts.” Competitors take away good revenues if you are not competitive, and relatively inadequate revenues are selected. If the financial situation is terrible, choosing a lousy debt rather than a good one will be possible. Sometimes, your situation makes a bad choice, but somebody stands up to the problem and endures a chance. In other words, emotion and patience are more important than the situation. - Joseph’s “just my thoughts”