If you are intelligent, your chances of becoming wealthy are relatively high, but being smart alone doesn’t necessarily make you rich. Wealth can only be achieved when other vital factors come into play, such as those who understand how to judge legal rights in transactions beyond just intelligence, and those who can establish governance or maintain relationships. Luck refers to a situation where all these different conditions are easily satisfied. This happens when I acquire it because all important and diverse conditions align at the same moment and place. Therefore, a deal or opportunity that genuinely works for me shouldn’t be complicated. The more complicated it is, the more likely I am to be scammed. The human brain is wired to seek simplicity. Our brains consistently choose efficiency. - Joseph’s “just my thoughts”
Video creators often face bankruptcy due to “editing.” Profit is essential for revenue generation; profit is realized only when revenue surpasses costs. “Editing” constitutes a significant “cost” to boost sales. There’s a belief that quality editing enhances the likelihood of sales. While this is somewhat true, survival until a sales surge depends primarily on minimizing costs (editing). It’s not filming, but “editing” that often leads video productions to financial failure. Nonetheless, many production companies fail to adequately factor in editing costs into their overall production expenses. The reality is that a substantial amount of money is tied up in “editing.” - Joseph’s “just my thoughts”