In life we have to make choices whether it's rational or irrational.
A good example is when you go to a take cafe and find two queue, one long and the other shorter probably with 4 customer, which line would you go to? The shorter one of course..why? Cause you value your time. But that does mean the people in the long queue have nothing else to do? Not exactly. According to you, you made a rational decision by choosing to queue on the shorter queue. 5minutes later you have not moved an inch from where you stood apparently because the first customer on queue has a list of order from 30 people while on the other side the longer queue is moving. What would you do? In situations like this choices have to be made super fast.
Opportunity cost is the cost of giving up something for another. You can choose to watch a soccer game with friends on weekends instead of doing a part time job that will earn you $25 per hour. By doing so you have lost an opportunity and it cost you ($25*4hours) for the hours you spent watching the game.
A good example is when you go to a take cafe and find two queue, one long and the other shorter probably with 4 customer, which line would you go to? The shorter one of course..why? Cause you value your time. But that does mean the people in the long queue have nothing else to do? Not exactly. According to you, you made a rational decision by choosing to queue on the shorter queue. 5minutes later you have not moved an inch from where you stood apparently because the first customer on queue has a list of order from 30 people while on the other side the longer queue is moving. What would you do? In situations like this choices have to be made super fast.Opportunity cost is the cost of giving up something for another. You can choose to watch a soccer game with friends on weekends instead of doing a part time job that will earn you $25 per hour. By doing so you have lost an opportunity and it cost you ($25*4hours) for the hours you spent watching the game.
Dear reader we have to keep in mind about the choices that we make in life because most of them come with dire consequences Before you come out of your bed the following morning ask yourself "am I where I want to be?" If the answer is YES ..keep up the good job and strive more. If it's a NO ..take a good look at yourself in the mirror and ask the other person on the other side of the mirror,, " when shall I be a player and not a spectator ? When shall my dreams be a reality ?"
In a situation where you are stuck,, just remember why you started it in the first place... This will ignite the fire back and you will pursue your goals with more power. Seek your dreams more constantly until your world becomes transposed, your experiences promoted, your mind stretched, your thinking provoked and your realities enriched.
Each and every single opportunity comes with a cost tagged on it and when you want more of something be ready to sacrifice (give up ) another thing.
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