Make Better Choices with Opportunity Cost Thinking
Moonshots Podcast: Superstar mindsets and success habits
Opportunity Costs
Every day everyone makes a variety of decisions, choosing between two or ten, or even hundreds of differ possibilities. But in doing so, people deny themselves other options. This is the essence of scarcity. Everyone can't have everything all at once. With every express preference, there exists a next best option - something you would have done if the first option wasn't available. Because you do one thing, you've lost the opportunity to do something else. Opportunity costs can be thought of as sort of regret pain people bear as they imagine what they could be enjoying,. Even if they are enjoying what they are doing right now, morn. Another way to think about opportunity costs is money, value,
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