Occupy and Move: These concepts are the key to wealth. Here, ‘occupy’ means owning goods, and ‘move’ refers to transferring ownership through exchange. Wealth is built by accumulating possessions. For accumulation to occur, a good must first be owned by someone else and then transferred. The transfer of ownership is what I call the movement of goods. To transfer, a payment is made to the current owner, usually in currency. Currency simplifies exchanges, as it is easier to move and issue than physical goods. Today, currency moves electronically, accelerating transactions. Had goods always been exchanged directly for other goods, exchanges and wealth accumulation would progress more slowly and inefficiently. The economic system now manages prices by adjusting the money supply, controlling the value of goods relative to currency, since money is easier to manage than goods. Business and investment outcomes depend on whether wealth is stored in money or in goods. If you emphasize goods, pat...
Everyone is aware of their own shortcomings. Personal judgment based on individual experience can be either an advantage or a disadvantage. One’s experiences and circumstances influence how these advantages and disadvantages are perceived. As circumstances change, so do the benefits and drawbacks. For example, if the trait of being unable to form long-term relationships due to untrustworthy people is a disadvantage, it can become an advantage when dealing with a scammer . If you’re troubled by a shortcoming that’s difficult to fix, I suggest changing your perspective . Instead of trying to fix the shortcomings, consider changing how you interpret the situation. This way, disadvantages can actually turn into benefits. However, shifting your point of view on your own can be challenging. - Joseph’s “just my thoughts”