Debt is not inherently bad; it belongs to someone else. The goodness or badness of debt depends on the circumstances, terms, and conditions of borrowing, and it is not necessarily negative. Debt should be acquired when I have a stable income or additional profits to invest, rather than for consumption. However, you should avoid using it for highly volatile investments, such as cryptocurrencies or stocks. You need to control the debt; it is considered good when you can manage it under conditions that allow you to repay both the principal and interest. The advantage of debt is that it provides the opportunity to grow faster than others in a competitive environment. Debt belongs to someone else. This is the key. - Joseph’s “just my thoughts”
The Japanese restaurant “Hyakushokuya” doesn’t hire passionate people. The first recruiter was someone who left his resume out. There are only three menus, and only 100 bowls are sold daily. It’s simple, so you can learn things in a week even if you’re not an expert. Still, the average daily revenue is 130,000 yen. The book titled “Let’s Reduce Sales” by founder Akemi Nakamura addresses performance-oriented management policies. They want reasonable management activities suitable for fractions without overdoing it. However, it was the best-selling company during the COVID-19 pandemic crisis. - Joseph’s “just my thoughts”