Big generalisations are quick and easy. Getting into accurate detail takes time. Most people don’t have the time or want to make the time in their day. So they use the generalisation short cut.
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Tag: Consuming
Producing And Consuming
Do you consume more than you produce? It is an interesting question. Producing and consuming are both required in life. However, imbalances in your life will occur if you do one more than the other.
Producing here means providing something of value. The more you offer in value, the more productive you are being. The more the market perceives value in what you are offering the more you can charge for it.
If more people like what you offer, the larger your business will grow. This is how the world has companies valued at billions of dollars. Because of this, we also see billionaire founders and investors. This is what happens when you provide something that others find valuable, not just what you think is valuable.
What you think is valuable is what you will consume. The more value you place on a product or a service, the more you will be willing to pay for it. This payment you make will come from your own resources such as income or savings.
If the value of your consumption is more than the value of your production, you will have less money or wealth. If your production value is greater than your consumption value, you will attract and keep more money.
Producing and consuming are part of life. Which one you focus on helps determine how you spend it.
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