Joseph's "Just My Thoughts"

The lower the trust, the higher the economic and relationship costs. If performance is low beyond costs, efficiency is reduced. Trust is the most important asset in all areas where human intervention involves value. Higher trust increases the efficiency of the money use. Some people get high satisfaction even if they spend the same amount of money, but others get complaints. Don't make the mistake of thinking that all money is the same. - Joseph’s “just my thoughts”

Extending a loan is buying time with money. However, banks turn time into money. Purchase time with cash makes you poor, but changing time with money makes you rich. To pay off your debt, you have to change your time into cash and buy money (debt) with that money. All economic activity is an attempt to turn time into money. - Joseph’s “just my thoughts”

Google founder Sergey Brin, one day asked a great question. “What will happen if we give this service for free?” The result was, as we know well, “MONOPOLY”. Google gives employees 100,000 meals a day for free. This is because Google found that providing free meals is more profitable for the company. Initially, a payment system was introduced in the cafeteria. Soon, however, Google changed its mind when it saw the people waiting in line. Google learned the “opportunity cost”. Google's technology is excellent, but they realize it is not about making money. Fate changed when they discovered that the Business Model for that technology made money. - Joseph’s “just my thoughts”

“Bian Que” is a doctor of ancient China. He met “Duke Huan”, the king of the country “Cai”, and asked, “You have a serious disease, but it is better if I only treat your skin”. Then “Duke Huan” thought that “Bian Que” was trying to cheat the skin disease to make money with the serious disease, and refused his treatment. Every 10 days, Bian Que went to give advice, but Duke Huan, who refused to treat the disease, eventually died. However, King Wen of Wei came to Bian Que and asked. “I've heard that your three brothers are all doctors, but which one is the best?” “The big brother is the best because he cures it with medicine before the disease is revealed, and the second brother is excellent because he uses acupuncture when the disease is small, and then I'm the third of them because I do surgical operations on the serious disease after it is revealed,” he replied. The king asked again. “Then who is the richest?” Bian Que also answered. “My big brother heals the disease without a

Happiness and satisfaction are two distinct concepts. It is a fact that poverty deprives happiness. What is also a fact is that earning more than a certain amount of money does not increase happiness. Social science research has proven this. But satisfaction is a different matter entirely. Satisfaction is directly linked to achieving social goals. It is a myth that more money will make you happier. Happiness is about having the right money and friends. But satisfaction comes from achieving your goals. It is a simple fact that humans live a completely different life depending on whether their living standards are happiness or satisfaction. - Joseph’s “just my thoughts”

To succeed in business, you must have business skills. Business skills can only help you earn money, not create it. The success of a business lies in "dealing with people" rather than "business skills." Dealing with people is the hardest thing in this world. Commercial skills and techniques can lead to small successes, but to achieve great success, we must be able to judge and deal with people well. Above all, we must be patient and love people. - Joseph’s “just my thoughts”

There is a country of 607 islands in the West Pacific, Micronesia. One of the islands, “Yap Islands,” used limestone as a currency. The monetary unit is “fei”. Big stones, oh no, big money, 3.6 meters in diameter and weighed 3.5 tons. The bigger and heavier is a more expensive price, because of the harder the carving. The peculiar thing was that when the people moved the stone for trading, they directly moved it with a canoe, and no one marked the money after the transaction. In the meantime, a rich man had to deal with someone and he met the storm while carrying the stone money in a canoe. Securing his survival, he had to throw his money out of the canoe into the water. When he met the counterparty with an empty hand, no sooner did they confirm the force majeure case than the counterparty confirmed that the villagers additionally recognized the value of the sunk money in the water and approved the transaction. Then, the existence of the sunk stone money was recorded on a wooden board,

If you've kept your word in every situation, borrowing from your neighbors may be more possible when you borrow money from others. That is, your financial trouble doesn't mean that you don't have any money, but it means that you don't have any credit from anyone. Currency has some value according to all people are constantly giving trust in exchangeable value, and money itself doesn't have any value at all. All values come from giving trust to something. Gaining credibility only, even pebbles on the street can be money. - Joseph’s “just my thoughts”

Most people substitute the issue of choice with the issue of ability. They recognize they cannot do it because scaring to make the wrong choice or lack the knowledge. Banks pay me 1 to 2 percent interest annually on deposits but charge me 4 to 5 percent on loans. It's a game where I'm losing money in every way. Then, I want to avoid putting my money in the bank. It would be better to use it to purchase that bank's stocks as a substitute but meticulous care is required. To make a choice, you have to conquer your fears. How is this a difference of ability? - Joseph’s “just my thoughts"

Starbucks Korea sells a 355ml tall size cup of Americano at KRW 4,500. It contains 3.5% solid matter to at least manifest tastes and flavors. The rest is just WATER. We should simultaneously drink 96.5% of the water to get just a few 3.5% together. The average production cost of 1ml of tap water in Seoul is KRW 0.00051. That's the same as paying about KRW 4,000 for a cup of tap water of about 350ml. We would think of how much we make money by selling coffee, but it's our misunderstanding. As an excuse for a few solid matters of "coffee", they're selling tap water at the unbelievable price of over KRW 4,000. They're making money with the cheapest solvent 'WATER', not 'COFFEE'. But almost all businessmen are trying to sell the solid matters of 3.5% at a high price. The reason, businessmen cannot make money is they make the wrong selection which cannot make money since the beginning. The making structure is first, and the effort is second. - Josep

History professor Yuval Noah Harari said, "The most distinguishing feature between humans and other animals is the ability to believe not exist imagination." If you eat a banana exchanged with a bill from the chimpanzee, then the chimpanzee must be angry with you. The bill is just a thing to believe non-existent imagination each other in the human world, it's never important and meaningful for the chimpanzee. Unless the belief is to exchange the value, the money is just paper. This belief makes our social community. - Joseph's "just my thoughts"