Self Talk - Lense of Opportunity Cost

What thought has influenced me today?

Somewhere, back of our mind we always ask this question. What do you want in life? At a high level, I want a perfect blend in my life. A successful career, healthy body and mind, harmonious relationships. While I know what I want, then what am I doing to achieve it?

The answer was, I am trying. That is true. We all try not just today. Every day, every week, year after year. Try to maintain a balance.

I came across something written on an online forum by S. Raghuwanshi. The content really struck a chord within. Life is about making decisions. Decisions helps to achieve the balance. The economic concept of opportunity cost when understood right can make life simpler. Opportunity cost is the benefit lost by selecting a particular option over other in the decision-making process. In simple words, one pays for giving up on the alternatives which were not selected. This just fits so perfect.

I binge watch Netflix. Opportunity cost = Parenting neglect.

I oversleep. Opportunity cost = Less organised day, home. Skip my exercise.

I spend more time at work. Opportunity cost = Less time for my family and personal life.

If I spend all my time with family and friends. Opportunity cost = my career and my personal growth.

Seeing the wheel of life through the lens of opportunity cost, may help find the balance. To have the wheel perfectly balanced is an illusion! Life will have its up and downs.

Comments

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