Opportunity cost
Opportunity cost
Every decision has an outcome. The outcome of that decision can either be good or bad. The biggest challenge is choosing which decision to make based on the projected outcome.
At this time in my life, I have been challenged to make many crucial, life-changing decisions. When making these decisions, I weigh the number of positive outcomes versus the number of negative outcomes.
Typically a decision will be made based on which decision leads to more positive outcomes. But at times, opportunity cost factors into the equation.
What is opportunity cost? Opportunity cost is the feeling that you are missing out on an opportunity by not making a certain decision. Oftentimes the weight of the potential positive outcomes associated with this decision, can shadow the number of potential positive outcomes associated with its counter decision.
You are unable to control every single thing that happens in your life, so you must choose to live in the moment. Go with your gut. Sometimes weighing decisions isn’t always worth your time and it is better to just do it. I have been stuck in decision limbo for days on weeks trying to figure out what I must do. Analysis paralysis: the inability to do anything because of over-analysis.
Don’t fall into the trap of overthinking. The opportunity cost may linger in your mind, but be happy with where you are today, and don’t think about where you could’ve been had you made a different decision. Doing this simply shuts down any motivation to move forward from where you are today.
Comments
Post a Comment