Your Hourly Monetary Opportunity Cost – Intro

In your pursuit to live life optimally it helps a lot to know your hourly monetary opportunity cost. Here I will give a brief description of why this is good to know and how you go about calculating it. I assume you are familiar with the concept of opportunity cost – if not, check it [...]

A simple example of opportunity cost

To optimize your life, we believe it is necessary to incorporate opportunity cost thinking into your everyday life. First of all, we will look at the basic theoretical idea for calculating it. Say you want to spend one year in college and want to know how much that will cost you. Now, the normal way [...]