Opportunity cost is the potential benefit you miss out on when choosing one alternative over another.
It's the value of the next best option that you forgo. Understanding opportunity cost is crucial for making informed decisions, as it forces you to consider the trade-offs involved and the...
(Part 2)
You only live once" (YOLO) mindset:
This perspective encourages living in the present and enjoying life to the fullest, potentially without much regard for the future or saving for potential difficulties.
"Save for a rainy day" approach:
This emphasizes the importance of financial...