Measuring Your Opportunity Cost - Episode 34
Most people don’t realize that you finance everything you buy so it’s crucial to understand how to measure your opportunity cost. Curtis shares why you need to treat the money you have as though it has a cost to it and why it’s critical to...
Most people don’t realize that you finance everything you buy so it’s crucial to understand how to measure your opportunity cost. Curtis shares why you need to treat the money you have as though it has a cost to it and why it’s critical to understand what your money can be doing for you.
Curtis’s motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com
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Show Notes
- Understanding and measuring your opportunity cost 0:27
- If you don’t have money you’re paying interest to borrow other people's money - 2:53
- Treat your money as though there is a cost to it - 6:01
- How you incorporate your opportunity cost - 10:29
- Diversification if for people that don’t know what they’re doing - 12:25
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