One common myth about money is falling into the fairness trap with value relativity. When the quality of work is hard to judge, we tend to value those who work longer and harder more highly. This is a fairness trap. A novice locksmith might take a long time to open a locked door, while an experienced one can do it instantly. People often pay higher wages to novice locksmiths who have spent more time working. Even if the lock is damaged due to clumsy work and they are charged for replacement, people might still tip because the locksmith worked hard and did his best for a long time. When paying for something that’s difficult to evaluate, people care about fairness. But the real reason to call a locksmith is to avoid the embarrassing situation of being unable to enter the house quickly. I don’t know if this is true, but a woman once asked Picasso to draw her portrait, and he did it in 30 seconds. When she asked how much she should pay, Picasso said her $500. She complained that this was o...
“Poverty charges interest,” said American singer Tay Zonday . If you don’t have money to buy toothpaste or a toothbrush , you will pay for the implant next year. This applies even to those with physical disabilities . People with disabilities often pay more for the average distance traveled. In contrast, the costs for the wealthy or non-disabled are cheaper and more efficient than those for others. Weakness is not merely a product of comparing superiority and inferiority. The moment I recognize my weakness, I must keep in mind the price I will pay in the future, and the world must charge me that interest. We often try to forget that this accumulation of poverty interest s makes us poorer. - Joseph’s “just my thoughts”