‘Luxury’ has a moral original sin because it is impractical and creates a sense of incongruity between the relatively rich and the poor. Thus, it is true that ‘luxury’ also carries a negative image. However, the rich do purchase luxuries regularly, with a few practical exceptions. This is because luxury items not only incur less depreciation, but their resale value often exceeds the purchase price over time. Think of luxury handbags or jewelry. To preserve or increase wealth, you must have an eye for luxury. This doesn’t mean you should live in luxury; rather, it highlights the challenge of maintaining your accumulated wealth unless you change your habits and attitude toward acquiring assets. - Joseph’s “just my thoughts”
The better you know your identity, the better you understand what to do and what not to do. It’s essential to excel in what you must do, but avoiding what you shouldn’t do is half the battle for success. If you can’t accomplish what you need to do, start by training yourself not to engage in what you shouldn’t. If you can’t make the distinction or find yourself confused, that indicates you don’t truly understand your identity. Solving all problems begins with understanding one’s identity, whether it’s personal or business-related. - Joseph’s “just my thoughts”