Learn to Evaluate Life Choices Via the Lens of Opportunity Costs - Deepstash

Learn to Evaluate Life Choices Via the Lens of Opportunity Costs

  • You live in a world where you must therefore make choices. You cannot avoid regret since there are opportunity costs for every choice you will make.
  • Everything in life is about opportunity costs. Every time you say “yes” to a choice, you are also saying “no” to everything else you may have accomplished with your time, money, and resources.
  • Opportunity cost is a commanding tool that you should be wise to apply to all decision-making. If you integrate this concept into your thought process, you will not only make judicious choices, but also better understand the world in which you live.

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waylon_x

In our dreams we only see faces that we already know.

The cost of something is what you will give up to get it. This is opportunity cost.

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

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