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Podcast: Daily Boost Motivation and Coaching
Episode:

Opportunity Cost Decision Making
Category: Education
Duration: 00:11:30
Publish Date: 2023-11-13 05:00:00
Description:

Opportunity Cost Decision Making

Do you have too many options and are having difficulty choosing?

You may have heard of a concept called "Opportunity Cost." Some consider it a fancy term for "trade-off." In other words, every time you choose, there is a trade-off to consider. 

I find it easier to use extreme discrimination to weed out less-than-ideal opportunities. And you can do that with one question -

"Does this opportunity provide the fastest and most direct path to reach my goals?" 

Before we go on, it's easy to look at almost any opportunity and justify a path, especially if you are being persuaded by someone else.

And Opportunity Cost is not some personal development success hack. It's actually in your mind as a survival tool. It's your mind deciding how to expend energy most efficiently. 

What was that question again?

"Does this opportunity provide the fastest and most direct path to reach my goals?" 

If you want to break free from a stalled life, you must eliminate less efficient opportunities. 

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