Opportunity Cost

Opportunity Cost; The loss of potential gain from other alternatives when one alternative is chosen, a trade-off. What are you trading money or time or happyness for? Have you taken the time to evaluate the “Opportunity Cost” of one thing for another? How about that new car but we'll have to take fewer vacations. I want to be a doctor, and I know this will take at least 10 years of schooling and training, what other opportunities could I be missing? These are the thoughts and ideas we tackle in this episode.

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Ideas From The Episode

Human Connection

Get in touch with an old friend, give them a call just to say Hi, see how they are and have a few laughs.

Send out some Thank You cards to people that have had some kind of impact in your life.

Make a connection with someone, maybe even a stranger or a homeless person. Do a few selfless things for another person, without expectation of reciprocation.

Go To The Pro's

Looking for more time for things you want to be doing?

Find someone that has been there and done that, someone that can guide you to where you want to be going, someone that can see through the trees and knows the forest.

 

Need more money or how to spend less?

Find someone that can help you with a strategy for your goal. Is that finding a higher paying job? Spending less than you make? Starting a side hustle or micro business? Find some that has done what you want to do and talk to them or copy what they are doing.

What's This Costing You?

Three Major Categories Of Life

  • Time
  • Money
  • Happyness
Which one of these are you lacking in or spending to much time in that's not allowing you to live the life you want to be living?

More On This Topic

Opportunity cost - Wikipedia

Have books, articles or anything else on this topic? We're always looking for resources, drop us a line if you have some!

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