Learn more about problemsolving with this collection
How to break bad habits
How habits are formed
The importance of consistency
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.
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870 reads
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Dismantle the Formulaic Life
To know what you want, focus on what is certain. Step away from formulas and the work imposed on you by others and write what you know for certain on a piece of paper:
Things you want to do, places you want to go, what you are looking for in a partn...
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766 reads
Make Your Story
What you are certain about, is your life's calling, and nothing else matters.
If you want to do something, do it even if it fails. If you want to be with a certain person, pursue that person, whatever happens. If you want to go somewhere, arrange and go, everything else can take a backse...
671
862 reads
Uncertainty
Many times in life, in the middle of our journey, we tell ourselves: “I don’t know what I want to be. I don’t know what I want for a living. I don’t know if I want this relationship.”
These “I don’t know what I want” statements are not because we don't kn...
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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 ...
Overestimating Opportunity Cost
Certain external constraints make us overestimate the opportunity cost, as we start to imagine all the foregone options as a missed opportunity and start to see the situation irrationally. This can cause a negative emotional and psychological reaction, like regret.
The opportunity cost i...
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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