From the course: Investment Evaluation

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Opportunity cost

Opportunity cost - Microsoft Excel Tutorial

From the course: Investment Evaluation

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Opportunity cost

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- The topic of this video is opportunity cost. Think about that phrase. Yeah, opportunities will cost you something. And maybe you're thinking, this instructor is crazy. Opportunities simply require hard work. Yeah, that's right. Many of them do, and they also require something way more costly, your time. If I can get you to come out with just one key understanding or takeaway from this course, it's this. Your time is the most valuable asset that you have. When you're evaluating what to spend your money on, always keep the idea of time in the forefront. Why? Because you'll have to give up time to achieve your goal or realize the investment that you're putting your money into. Let me give you a simple example of opportunity cost and, before I start, a little disclaimer. I am all in for going to college because I believe it provides more than just an academic education. So let's start with the example. Now imagine 18-year-old me, head full of hair, not a care in the world, and I'm faced…

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