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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

What Is Opportunity Cost

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Live according to your income.



661 reads


1. “I can start being happy only when I’m making more money”

When you live in the future, you’re always waiting for the moment to start living your life. You live in this empty space in between goals. And it’s not a good place to be in because you’re always anxious.

Here’s a little secret: You can be happy now.


693 reads

3. “Money is more important than my time”

Prioritizing money over time is tough because it’s ingrained in our behaviour.

The adage, “being cheap is expensive,” is cliche but true. Everything we do has an opportunity cost.

The catch is to not throw money at your...


806 reads

Keep Challenging Your Beliefs

The goal of financial freedom, like many other things, is balance. It’s not about more, more, more. We don’t want to be too cheap or too lavish. We can be ambitious and grow. But at the same time, we also don’t want to overspend and live beyond our means.


632 reads


You act like mortals in all that you fear, and like immortals in all that you desire.



1.18K reads


You will get all you want in life if you help enough other people get what they want.



801 reads

Toxic Money Beliefs

Toxic Money Beliefs

The idea that we have certain destructive beliefs about money is certainly true.

The most obvious destructive beliefs are “money is evil” or “I’m not good with money.” We all get that. Money is good if you use it to do well. And everyone can...


784 reads

2. “You need a business to achieve financial freedom”

2. “You need a business to achieve financial freedom”

Some people want to retire by a certain age. A lot of people like the number 40 for some reason.

People have done the math. If you want to retire by 40 and want to spend $4K a month, you need at least $2.5 million in retirement savings.

That’s why many motivational speakers advocate f...


623 reads

4. “Money doesn’t grow on trees”

4. “Money doesn’t grow on trees”

That’s true but also not true.

The problem with this platitude is that it puts us in a scarcity mindset. But building sustainable wealth isn’t about holding on tightly to the small amount of money you make. It’s a matter of creating value.

That’s the beauty of buildin...


635 reads




Operations geologist

The myths about money.

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  • Save money and set it aside for education, to get a business started, or to sustain you financially as you transition.
  • Determine your lowest acceptable yearly income and how long you are willing to live at this income level.
  • Find other income streams

Six Ingredients for Happiness

The six key ingredients required for a happy society, according to The World Happiness Report are:

  • Income
  • Healthy Life Expectancy
  • Social Support
  • Freedom
  • Trust
  • Generosity

Freedom = Money

Freedom = Money

  • Money is your army. The more you have, the more they will fight for freedom.
  • Thinking never made anyone rich, unless that thinking manifests itself into consistent action toward application of laws that work.
  • Live below your means with intent...


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