Sunday, May 9, 2010

It's about opportunity costs.....

The cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative.

Aren't we incurring opportunity costs every day of our lives? Every minute of our day? We're choosing how to spend our time and where to put our energy. We're forgoing other opportunities when we make our choices. How do you know if you're choosing correctly?

Create knowingness: figure out what you want you and your life to be.
  • Do you know who and how you want to be?
  • Do you know what things you want to have?
  • Do you know what things you want to do?
 Once you have knowingness, the opportunity costs become easier to give up - only the items that help you get to YOU will get your resources.

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