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Beware of opportunity cost:
-Netflix is costing you time
-Fast food is costing you your health
-Inactivity is costing you potential
-Depreciating goods are costing you investments
-Unecessary debt is costing you freedom
Always consider opportunity cost before you make a choice.
-Netflix is costing you time
-Fast food is costing you your health
-Inactivity is costing you potential
-Depreciating goods are costing you investments
-Unecessary debt is costing you freedom
Always consider opportunity cost before you make a choice.
Opportunity cost can be defined as the loss of other alternatives when one alternative is chosen.
Sacrificing one thing for another can be called a trade-off, and the thing that is sacrificed: the opportunity cost.
Understanding the trade-off before making a decision is key.
Sacrificing one thing for another can be called a trade-off, and the thing that is sacrificed: the opportunity cost.
Understanding the trade-off before making a decision is key.
Whilst opportunity cost is heavily rooted in finance, it's a powerful concept that can be applied across many of life's choices.
Sometimes, there is no 'right' choice, but its vital to be cognizant of the consequences of your decisions before you make them
Sometimes, there is no 'right' choice, but its vital to be cognizant of the consequences of your decisions before you make them
