responsibility

There Are No Free Lunches: Understanding Costs In Daily Life

“Hard choices, easy life. Easy choices, hard life.”  — Jerzy Gregorek

Whether we want to or not, we are paying a price in countless decisions and actions throughout our days. The question is: do you want to pay more or less? And this is a valid question because there can definitely be times when deferring the cost till later is worth the extra cost to come. 

It’s important to remember that when we hear the word “cost” we immediately associate it with dollar amounts or values, but that is by no means the only type of “cost” we pay. The more prevalent costs we face are opportunity costs

Opportunity costs are the price we pay for doing anything. When we choose to do one thing, we pay the price of not being able to do a different thing.