Show notes
In our lives, it’s been proven that losses hurt more than the thrill/enjoyment of gains. We’re wired oddly that way. As Buffet states - losing money is not a good thing to our wealth building. To reach our potential, we have to take risks. We have to have courage to face our reality and make changes in our careers/jobs and finances. Because change is scary so many will stay in the same situation. Visit perennialpride.com to download your free e-book on wealth eroders and where it’s ok to take risks to reach your max potential in wealth and life. Highlights 00:53 Introduction of the concept of opportunity cost and its relation to decision-making and personal finances 04:04 Inefficiencies in traditional savings accounts and possible alternative investments. 05:51 The impact of taxes on opportunity cost and the importance of tax planning and awareness 07:28 How financing and purchasing decisions can lead to opportunity costs 08:51 Examining the role of insurance in wealth building and opportunity cost 11:35 Switching gears to discuss opportunity cost in personal life decisions, such as career choices and time allocation 13:04 Encouragement to face fears and push personal boundaries in pursuit of fulfillment 16:19 The importance of evaluating personal and professional life choices to maximize potential and minimize opportunity cost Episode Resources Connect with Tom Suvansri https://perennialpride.com/ https://www.facebook.com/perennialpride/ https://twitter.com/perennialpride https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA Call to Action Schedule a Call with Tom How to Listen: Subscribe on Youtube Listen on Spotify
