Business debates who benefits most from time. When borrowing money, the debtor gains the benefit of time until the repayment date. Since the period before repayment favors the debtor, the debtor compensates the creditor with interest. However, as the repayment date approaches, time shifts to favor the creditor. After the due date, the debtor loses the benefit of time, known as ‘acceleration of debt,’ and must repay both the principal and interest. Time benefits debtors but poses risks to creditors. Therefore, lending money without interest results in a loss. All of this illustrates the power of time. Time is money, and money derives its value from time. The most important factors for CEOs to focus on are time and, next, opportunity cost. - Joseph’s “just my thoughts”
Love may appear as a sacrifice, but the sacrifice is not love. This is because we must determine whether there is a price behind the sacrifice. Doing good and right doesn't mean you don't get hurt. I get hurt because I'm alive. Therefore, to be afraid of being hurt or to avoid being hurt is the most cowardly act in life. - Joseph's "just my thoughts"