Comments on: The Opportunity Cost Formula https://www.moneypeach.com/the-opportunity-cost-formula/ Clear A Path To Financial Freedom. Wed, 17 Jul 2019 21:29:06 +0000 hourly 1 https://wordpress.org/?v=6.4.5 By: Is Your Tax Refund Good or Bad and Why Should This Matter to You https://www.moneypeach.com/the-opportunity-cost-formula/#comment-819 Tue, 11 Apr 2017 07:20:58 +0000 https://www.moneypeach.com/?p=2819#comment-819 […] Related: The Opportunity Cost Formula […]

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By: Catherine Alford https://www.moneypeach.com/the-opportunity-cost-formula/#comment-818 Sat, 28 May 2016 16:36:56 +0000 https://www.moneypeach.com/?p=2819#comment-818 Great post! I often think about the opportunity cost of things before we spend a large amount of money on something. I think it really helps us to make wise financial decisions.

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By: Peach https://www.moneypeach.com/the-opportunity-cost-formula/#comment-817 Wed, 25 May 2016 03:33:36 +0000 https://www.moneypeach.com/?p=2819#comment-817 In reply to Alma.

Hi Alma,

It’s tough not to get a little emotional about it because you tell yourself “only if we had done ______”. Here is the deal – I want you to stop looking in the rearview mirror. It no longer matters anymore. Instead, start looking at what life WILL look like from this point forward if you understand and implement opportunity cost. The best thing of all: it’s your choice. You get to decide.

Thanks for your comment Alma!

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By: Peach https://www.moneypeach.com/the-opportunity-cost-formula/#comment-816 Tue, 24 May 2016 21:39:38 +0000 https://www.moneypeach.com/?p=2819#comment-816 In reply to Gabriela.

Hi Gabriela!

You’re in the right place and you’re taking a HUGE step in the right direction by simply starting.

With that said, head to the cash flow formula to get started with the the first step to financial freedom.

Here’s a Fist Bump from me to you Gabriela! Nice work 🙂

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By: Alma https://www.moneypeach.com/the-opportunity-cost-formula/#comment-815 Tue, 24 May 2016 17:32:13 +0000 https://www.moneypeach.com/?p=2819#comment-815 Hello Chris,

Today’s post literally brought tears to my eyes. I had not realized how selfish I have been by indulging in luxury items (when the opportunity arises –not all of the time, but, nonetheless, there is no real difference here), and not thinking of the “opportunities” that I should, instead, focus on. Opportunities that affect my family and my new grand baby, not to mention consideration of my husband’s and my future retirement. We are currently working out of the country, but we will definitely seek your personal services upon return. Thank you for your generosity in sharing your experiences to make our lives better.

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By: Gabriela https://www.moneypeach.com/the-opportunity-cost-formula/#comment-814 Tue, 24 May 2016 15:42:53 +0000 https://www.moneypeach.com/?p=2819#comment-814 I’ve been looking forward to find a way of changing my “relationship with money” and budgeting, my debt is not that high, thank God, and don’t want to get to a “point of no return”, so I took a choice, I decided to start today, and looked for articles and tips to have healthy finances, and there was this site, loving the fact that I’m able to start TODAY. As you mention, it’s all about choices, and I’m sure this kind of knowledge will lead me to better choices and, most importantly, more happiness.

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By: Peach https://www.moneypeach.com/the-opportunity-cost-formula/#comment-813 Tue, 24 May 2016 15:32:59 +0000 https://www.moneypeach.com/?p=2819#comment-813 In reply to Jill.

Hi Jill!

When you start looking at the opportunity cost with money, you are going to quickly realize how wealthy your really can be if you stop ________. The best piece of advice is to pull of the rear-view mirror and only look ahead from this point forward. The past is just that – the past. You can’t change it, so don’t beat yourself up over it. From this moment forward, realize you have the opportunity to look at and feel the opportunity cost 🙂

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By: Jill https://www.moneypeach.com/the-opportunity-cost-formula/#comment-812 Tue, 24 May 2016 14:27:02 +0000 https://www.moneypeach.com/?p=2819#comment-812 It is a great way of looking at things. My husband and I moved to a better school district to get our son out of the school he was in (that wasn’t very good), but it was much more expensive to live in the new area. He managed to get into a good college but had to get student loans to pay for it because we were not diligent enough to save a lot for college. Looking back, I am not sure the move and the subsequent years of taking on extra jobs and longer work hours to pay for things was worth it. I am working on paying off student loans now and will try to put your example into play and see how much faster I can get that accomplished. Thanks.

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