Every benefit comes with costs and expenses. There can be no benefit without costs and expenses. Receiving a gift actually incurs costs and expenses. Whether we give our time or spend money to maintain a relationship with the giver, we are paying in some way. Even inheriting a parent’s legacy comes at a cost and expense. Since costs are incurred before gains, it’s more advantageous to learn how to manage spending effectively rather than just earning money to build wealth. Costing the cash is called INVESTMENT. Whether it is a wasteful investment (consumption) or an investment to accumulate value, this decision is ultimately up to you. - Joseph’s “just my thoughts”
Rice has been the staple crop of the East, while wheat has been the staple of the West. Rice requires more water to produce than wheat. Rice farmers had to contend with the availability of water, which favored collective farming. Wheat could be grown with less labor than rice. Rice farmers lived collectively, while wheat farmers lived individually. Collective agriculture led to the development of societies that were governed by village rules. On the other hand, individual agriculture led to cultures that valued personal freedom and respect for individuality over communal rules. Patterns of agriculture have indisputably influenced social structure and culture. - Joseph’s “just my thoughts”