Debt : The essence of wealth is ‘debt.’ Liabilities are regarded as debt capital and included as assets in accounting . Isn’t it odd? Debt is classified as an asset... The fundamental idea that currency is created based on the principle that debt arises is crucial. Debt can serve a positive purpose by lowering opportunity costs , but it can also be harmful if not repaid, as it deprives others of their opportunity costs since it must be paid back. Managing debt properly is essential for a company's capabilities in certain situations. Understanding others’ debts can help maintain good credit. However, there are limits to examining others’ debts. Instead, we can monitor the flow of money as an apparent interest rate. Therefore, recognizing and responding to interest rate fluctuations during economic activities is extremely important. - Joseph’s “just my thoughts”
When you look out from inside your house, you can see your yard. This is known as the “right of view.” If your view is obstructed, then your yard may feel limited to that boundary. Some people even take legal action to protect their right of view. Cliffs, on the other hand, hold little property value due to their danger and high construction costs. Nevertheless, if you build a house on a cliff, your yard extends as far as the eye can see. For instance, when you purchase land on a coastal cliff and install an infinity pool, the seamless horizon and sky beyond the pool become part of your front yard. It’s essential to bring nature into your home and blend your living space with the blue sea and sky, even if you have only open cliffs and modest infinity pools. Perceived space often holds more value than physical space. Many scenic images on Instagram illustrate this concept of perceived space. - Joseph’s “just my thoughts”