"By ca.2400 BC it already appears to have been common practice on the part of local officials, or wealthy merchants, to advance loans to peasants who were in financial trouble on collateral and begin to appropriate their possessions if they were unable to pay." (Chapter 2)
I made it a rule for myself to not borrow money. I do not want to be in the position of peasants in financial trouble. Even Proverbs 22:7 (NIV) says: "The rich rule over the poor, and the borrower is slave to the lender." I liked the explanation at http://www.letgodbetrue.com/proverbs/commentaries/22_07.php about it from a biblical perspective.
Created: 2019-09-27 21:43:10 Last updated: 2019-09-27 21:43:10
"Anyone who has taken a basic course in economics or who has thought about markets of any kind understands that markets operate on the basis of supply and demand. When a certain good is in high demand and has a low supply, the cost of that good goes up." (Chapter 2)
The demand for my labor derives from the demand for what my labor produces. A strong demand for what I produce creates a demand for my labor to continue producing more. If I continuously improve my skills, I can improve the demand for my services, since the improvement of my skills gives me the capacity to be more productive to my employers. This is something I learned from https://smallbusiness.chron.com/laws-supply-demand-affect-labor-market-58242.html. All of this reveals that I must continue improving my skills constantly. That is an investment to put myself in a position where my labor is in high demand and has a low supply, resulting in the cost of my labor going up. For that reason, I am always learning from books, courses and videos. I publish on my website how I apply or practice what I learn. In that process, my personal website becomes my portfolio.
Created: 2019-07-29 07:41:49 Last updated: 2019-07-29 08:03:50