The Cost of Opportunity
Wait, no… that’s backwards. Opportunity Cost! That’s the one! For my 3 loyal readers out there, you may remember a post from about a month ago about this topic. Well I think it needs a little refining. In my most recent post “Debt PEMDAS” I talked about this topic...
Opportunity Cost
In saving and retiring we have to understand a concept called opportunity cost. This is the cost associated with doing one thing over another. This doesn’t only apply when financial matters are concerned but pretty much whenever a decision is made. For instance, if I wake up one morning...