#opportunity-cost

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from24/7 Wall St.
3 days ago

Dave Ramsay's View on the Difference in How Rich People Approach Big Purchases

Dave Ramsey is known for keeping his advice simple and clear, offering the kind of tough guidance many people need to get their finances on track. His perspective is not the final word on money, but it is rooted in wanting to help listeners make better choices. A big part of his appeal is that he often puts himself in his audience's position, which makes his advice feel personal and relatable.
Retirement
Careers
fromItsnicethat
in 2 weeks

"Once you work out the numbers, a weight will be lifted off your shoulders"

Prioritize long-term creative fulfillment when financial security consistently undermines creative growth and career development.
Startup companies
fromBusiness Matters
3 weeks ago

Busy UK founders waste 84,000 annually on admin tasks, new data shows

Founders spend up to 55% of unscheduled time on email, creating large opportunity costs that can total about £84,000 annually for a £150,000 earner.
Careers
fromIndependent
1 month ago

How do people become board members - and how much do they get paid?

Securing a €79,655-a-year non-executive board role typically requires years of unpaid voluntary board service costing over €20,000 in foregone income.
Remodel
from24/7 Wall St.
1 month ago

Is a Home Renovation Worth Delaying Your Retirement?

Paying $150,000 cash for a renovation risks delaying retirement by about five years due to lost investment growth and reduced retirement savings.
Business
from24/7 Wall St.
1 month ago

Why Waiting to Claim Social Security Benefits Might Cost You More Than You Think

Delaying Social Security increases benefits about 8% per year but incurs opportunity costs and health/longevity trade-offs, so optimal timing depends on individual circumstances.
fromwww.npr.org
2 months ago

COMIC: 7 signs it's time to call it quits

"If at first you don't succeed, try again." "Winners never quit and quitters never win." Our culture has a lot of sayings against quitting, making it seem like a failure. But sometimes, abandoning a goal means opening up space for something better. Cognitive psychologist Annie Duke, author of Quit: The Power of Knowing When to Walk Away; career educator Colin Rocker; and psychologist and professor
Psychology
Silicon Valley
fromFortune
3 months ago

Steve Jobs' first Silicon Valley boss turned down an offer to buy a third of Apple for $50,000-today, his share would be worth nearly $1 trillion

Nolan Bushnell turned down an opportunity to invest in Apple, missing out on a potential $1 trillion profit.
Parenting
from24/7 Wall St.
3 months ago

I Realized My Kids Cost Me $1.2 Million - Here's the True Opportunity Cost of Raising Children

The average cost of raising a child from birth to age 18 is $389,000.
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