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
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
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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
“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
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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Schedule things that make you happy
The activities that we have on our calendar are most likely the things that we're supposed to do but in order to not tire ourselves out, we must also make time for the things that make us happy.
The people who spend more time on projects that energize them and with people who bring the sa...
Experiences That Make You Happy
Try to think about the experiences that truly make you happy and engage with them as often as you can until they are wired into your brain.
Things that make us happy
- Having meaningful social relationships
- Being very good at something you do
- Having the freedom to make life decisions independently.
Three things that don't necessarily contribute to your happiness:
- Being better educated
- Being richer
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