According to Josh Kaufman, author of "The Personal MBA", Opportunity Cost is the value you're giving up by making a Decision. Whenever you invest time, energy, or resources, you're implicitly choosing not to invest that time, energy, or resources in any other way. The value that would have been created by your next best alternative is the Opportunity Cost of that decision.
We all need downtime. What is the point of life if we are all work and no play? But all too often I find that people who are "stuck in a rut," or "can't get ahead" are spending way to much time invested in something that has little production or output, t.v. watching being one of the main culprits (and I am referring to our nation as a whole as well as people I personally know).
When we spend our time doing things that produce little fruit we are taking away from the time we could be spending on things that produce fruit. Of course I write this after having just watched the Broncos beat the Steelers in the playoff game. But that is what got me thinking; how much time do we spend watching well paid athletes (or college kids) play a sport (or one of the many CIS or reality shows), while we can barely make ends meet?
For every action there is an equal and opposite reaction. Commit your actions in a way that add value to others and you will have a more fulfilled life. Proverbs 16:3
New Year. New You: www.livefitandhappy.com.
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