6. Opportunity Cost - Deepstash
6. Opportunity Cost

6. Opportunity Cost

When you make a conscious decision to do one thing, you also make an unconscious decision to do something else. Do something every day.

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Opportunity Cost

Opportunity Cost

Saying 'yes' to something automatically means saying 'no' to other possibilities. This is known as Opportunity Cost. It translates into the potential benefits that we miss by choosing one option over another.

Subconsciously we are aware that we can't do everything we want ...

Opportunity Cost

Opportunity Cost

We think of our opportunity cost if we decide to do something, fearing it is hampering our options and time, so we stay in limbo unable to decide on what to do.

Life is meant to be an experience, not something you plan and keep doing repeatedly.

Opportunity Cost Calculations

Many people and organizations fail to take into account the various opportunity costs.

  • We need to actively question ourselves about the alternatives that may be missed out by deciding on a particular option.
  • The often neglected cost of waiting too long is also a ...

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