Choose your opportunities wisely - Deepstash

Choose your opportunities wisely

It is easy to focus too much time and energy on the wrong things. There are only so many hours in a day. We can't say yes to every opportunity. Instead, ask yourself, "which opportunity can give me the biggest possible return?"

Everything requires energy, whether you work on something big or small. You can perform the same job at a different company and get paid twice as much. You can spend all day trading stocks and end up getting market returns, or you can put that money in a passive index fund and spend your time building a business.

12

57 reads

CURATED FROM

IDEAS CURATED BY

natawashingto

Scientist in audiological

The idea is part of this collection:

What Is Opportunity Cost

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

Related collections

Similar ideas to Choose your opportunities wisely

Smart retirement planning boils down to a few simple truths.

Smart retirement planning boils down to a few simple truths.

  • Time is on your side.  The earlier you start saving money, the more time you give compounding to work for you. 
  • Take risks when you're young.  Although stocks are three times more volatile than government bonds, it earns nearly twice the average annual return.

What is an Index Fund?

What is an Index Fund?

An index fund is an investment that tracks a market index, typically made up of stocks or bonds.

Index funds typically invest in all the components that are included in the index they track, and they have fund managers whose job it is to make sure that the index fund performs the same as t...

Choose Your Surroundings Wisely

A famous playwright once said "Tell me who you spend time with and I will tell you who you are." Your life comes to resemble its environment, so choose your surroundings wisely.

Who we surround ourselves with are the people we're going to become. We make often ma...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates