Learn more about moneyandinvestments with this collection
The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
Avoid Focusing On Scarcity
When a person focuses on scarcity, their mind would focus on nothing but that. If you make something that makes you happy off limits, you would only think about it more.
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312 reads
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“Life is too long to give up everything you enjoy just to save a few more dollars.”
CHRIS BROWNING, POPCORN FINANCE
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285 reads
Don't Cut Things That Make You Happy
Cut costs on things that don't make you happy. It's easier than cutting costs that you truly enjoy.
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361 reads
Avoid Doing Things That Deprive You
Your brain responds to the word "budget" the same way it does with "diet". Both can be linked to deprivation. Who would want to commit to something that is difficult and unpleasant? Don't deprive yourself from something that's important to you.
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273 reads
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Focusing On One Task At A Time
Think about how many times you wasted time worrying about something that’s completely unrelated to what you’re working on.
A wandering mind is not always a happy mind. The ability to think about what is not happening is a cognitive achievement that comes at an emotional cost.
Understanding digital scarcity
Digital scarcity can be seen as a supply and demand phenomenon. The NFT technology gives you the supply, not the demand.
NFTs impose scarcity on something that doesn't naturally have scarcity. The free aspect of the internet means anything you make has zero reproducing value. The NFT tech...
A World With No Scarcity
In a world with no scarcity of basic wants and needs, people would work for their own sake, to improve their skills, or simply because it is fulfilling.
People are living in a world of scarcity, and keep forgetting that they should not be simply motivated by needs, but by the desire to acc...
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