If we don’t have something, we often think we don’t have it at all. However, even when we possess nothing, we fail to check if someone around us has something, and we simply give up. If someone nearby lacks it, we give up immediately. We struggle to identify the next person around us, don’t inquire about introductions, and we lack the courage to reach out. In difficult situations, we see only the fact that we have nothing substantial and can’t contemplate anything beyond that. No, we don’t even attempt to change our mindset. People falter not because they lack resources, but because they don’t think or have the courage. Even though we should live with wisdom instead of just hard work, we often labor tirelessly but without insight. This leads to more downfall; it feels like choosing to perish. Doing our best doesn’t equate to merely working hard. We strive for achievement yet work diligently without being wise. Consequently, we find ourselves falling again. - Joseph’s “just my thoughts”
We often overlook the financial concept of “opportunity costs” because there is no immediate cash expenditure involved. Typically, we invest more time and effort in purchasing cheaper products. In contrast, wealthy individuals do not have to exert as much effort as those with fewer financial resources. When we factor in opportunity costs, we often find ourselves spending a similar amount of money on the same items, regardless of wealth status. For instance, if Bill Gates picks up a dollar that someone has dropped, he actually detracts from his financial standing due to the opportunity costs associated with the value of his labor. In this regard, he might save more money by choosing to rest instead of working. Ultimately, opportunity costs are the hidden expenses that can keep us in financial distress in the real world. - Joseph’s “just my thoughts”