EmpowerYou Financial

07. Opportunity Cost


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How often do we consider the trade-off of (our time vs our money) or (our money vs our experiences)? The concept of this trade-off that we knowingly and unknowingly participate in every day can actually be described in the economic term, opportunity cost. Opportunity Cost, by definition, is the benefit that is missed or given up when an individual chooses one alternative over another. It's kind of a fancy way of saying, the cost of the next best thing.  So what trade-offs are you making in your life as it relates your personal finance? Are you leveraging your time and money to best of your ability? Listen in as Eva discusses her trade-offs... 

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EmpowerYou FinancialBy Eva Palacios

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