Opportunity Cost: Making a choice means sacrificing something else at the same time because we can’t have everything. If the value of what is given up is significant, then the choice incurs a relative loss, and it is up to the CEO to recognize this as a cost. In reality, whether I am aware of the opportunity cost or not, it still impacts my current financial situation. However, to calculate profit or loss as an opportunity cost, there must be a future opportunity to forgo the current choice and select an alternative. No one should keep repeating the cycle of giving up and choosing without knowing whether the next decision will be beneficial or not. Giving up is worthwhile only when the next option is good. - Joseph’s “just my thoughts”
Even the most delicious food in the world can only be enjoyed in front of me. No matter how great someone’s advice or ideas may be, you must confront them at a time when you can accept them to show genuine interest. There are countless wonderful things in this world, but they aren’t truly good unless they’re on my timeline. Even if I have a lot of money, it isn’t mine until I spend it. Only then does it become my money when I use it for myself, as there’s no satisfaction in not enjoying the benefits. Therefore, the timing depends on my situation. If you genuinely want to change your life, you should focus on altering your environment and circumstances, not just your determination. - Joseph’s “just my thoughts”