Episode 13: [Toolbox] The Cost of Opportunity

In this episode, we ask:

What is opportunity cost? How does it affect you?
How does opportunity cost work?
Small cost! What could a $5 cup of coffee today truly cost later?
When does opportunity cost affect you the most? When you are younger or older?
Medium cost! What could a new phone truly cost later?
Medium cost! What could a vacation truly cost later?
How does paying cash affect opportunity cost?
How does paying with debt affect opportunity cost?
Big cost! What could a new car truly cost later?
What should we be aware of, when we’re purchasing?
What happens if you buy a cheap widget and it breaks?
What reusable household items can cut down on non-monetary opportunity cost?
What’s more expensive: personal training sessions or a medical bill?
What’s more expensive: cooking for all of your friends and family or dining out?
What’s more expensive: disposable cups or the high end, dreamy coffee vessel?
What’s more expensive: waiting or buying with urgency?
What is the right way to buy things?
Who is C. Northcote Parkinson, and what did he say?
How do we curb irrational decision making?
Is there a way to eliminate opportunity cost?
What ways are available to have your money do two things at once?
… More!