Founder's Journal

The Opportunity Cost of Everything

Mar 18, 2024

Exploring the significance of opportunity cost in life decisions, especially for entrepreneurs. Visualizing a 90-year lifespan with 4,680 dots on a calendar. Reflecting on the value of time and making conscious choices. Balancing success with personal satisfaction. Embracing opportunities and living authentically without regrets.

28:11

Episode guests

Jack Raines

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Quick takeaways

Reflect on life choices for end-of-life satisfaction, especially crucial for entrepreneurs to avoid ego-driven decisions.

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Deep dives

Reflection on Life Choice and Fulfillment by Jack Raines

Jack Raines discusses the need to evaluate life choices through the lens of satisfaction and fulfillment. By contemplating whether current activities align with end-of-life fulfillment, individuals, especially entrepreneurs, are urged to avoid ego-driven decisions and focus on true fulfillment.

Value of Time and Short-Term Thinking

01:01

Seize every opportunity in life

01:06

Evaluate Time Spent Wisely

01:36

Introduction

2min

Contemplating Life's Opportunity Costs

3min

Reflections on the Passage of Time and Life Choices

6min

The Balance Between Success and Fulfillment

12min

Embracing Opportunities and Living Without Regrets

4min

Episode 121: Writer, Columbia Business School grad, and college athlete Jack Raines' essay, "The Opportunity Cost of Everything," forces readers to ask themselves the only question that really matters: If I was nearing the end of my life, would I be happy with how I am currently spending my time? It is a question that any human being must ask themselves periodically, but I find that it is especially relevant for entrepreneurs. There are many external forces that can push you down the path of making ego-driven decisions, and I believe this article is an important counterbalance to ground you.

Original Essay: https://www.youngmoney.co/p/opportunity-cost-everything

Jack’s X URL: https://twitter.com/Jack_Raines

Jack’s Linkedin URL: https://www.linkedin.com/in/jackraines/

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