Investment techniques involve converting labor income into financial income. In other words, it means purchasing an asset with money earned through labor so that the asset generates profit. But since assets are inanimate, how can they produce income? The answer is that you can profit from an asset’s changing value. You cannot profit if the value remains constant. If there were no volatility in assets, people would have to rely solely on labor to earn money. The issue is that you don’t buy assets that increase in value; you buy assets that decrease in value. Therefore, if you lack the perspective to judge the world, you should abandon the dream of building wealth through assets. - Joseph’s “just my thoughts”
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”