Money & Investments - Page 27
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The cost of something is what you will give up to get it. This is opportunity cost.
Sunk Costs are explicit and appear on financial statements so it is understandable why these costs are honed in on. Opportunity Costs are implicit and unseen, so they are often overlooked.
Opportunity cost examples that provide an outline of the most common Opportunity Cost.
Considering the value of opportunity costs can guide individuals and organizations to more profitable decision-making.
A selection of quotes from the book The Psychology of Money by Morgan Housel
The psychology of money: understanding that no one is entirely rational when it comes to money.
The psychology of money is the study of our behavior with money.
Trust Wallet is a non-custodial cryptocurrency wallet. Trust Wallet also has its own governance token, TWT, that allows holders to take part in key governance votes. Also, make sure to do your own research before making any investment.
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