What is Opportunity Cost in Economics

What is Opportunity Cost in Economics

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Whenever we make decisions, we are saying yes to one thing while saying no to others. Opportunity cost is all about making sure you make the best possible decisions by considering four essential factors. In this video, I have a conversation with fellow YouTuber Jessie Rancourt, author of Opportunity Cost Investing about how we can evaluate the choices we make.

What choices have you made involving opportunity cost? Let me know in the comments.

Check out Jessie’s YouTube channel here: https://www.youtube.com/c/JessieOpportunityCostInvesting

Check out the PPF Podcast here: https://podcasts.apple.com/us/podcast/practical-personal-finance/id1533082231

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How to Create a Monthly Budget: https://youtu.be/-fkCYOBgCww

How to Use the Cash Envelope System: https://youtu.be/l8DUZ1KWke0

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