What is Opportunity Cost?

How do you know if something is worth it? You consider the trade-off, the opportunity cost! We all make trade-offs when spending or saving, but few of us reflect how our present choices can impact our future options. There are alternative ways to spend money, and that’s surprising to many people because we don’t normally consider the alternatives. We focus on the here and now and the single option in front of us. When you reflect and bring mindfulness to your spending decisions by weighing the trade-offs, you’ll grow not just in wealth, but in health and happiness too. Watch the full interview with Dan Ariely for more on opportunity cost and many more investment tips here: https://youtu.be/ufvzRv4krSI #TheCashAndKerryPodcast #OpportunityCost

C’mon over to https://www.squawkfox.com/opportunity-cost where we did deeper and learn how to curb spending in 30 seconds using opportunity cost.

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Видео What is Opportunity Cost? канала Squawkfox