202 | Opportunity Cost | Mommy Millionaire Minute

We’re going to be talking all things opportunity cost today. So, what the heck is an opportunity cost? It is the value of the best alternative to a decision. Doing one thing often means that you can’t do something else. Opportunity cost is the practice of calculating or considering what you can’t do as the result of each possible decision. What are you missing out on right now because you aren’t willing to say no?

Speaking of missing out, the Millionairess Society is open for enrollment right now through the end of the month. If you want to be a female millionaire or already are one and want to collaborate with other ambitious women, you need to check it out. We talk all things wealth strategy, business strategy, marketing strategy, and providing actual mentorship.

You Will Hear About:

• [2:42] What opportunity cost is
• [4:12] Building a brand versus network marketing
• [6:06] The opportunity cost of time
• [7:24] The cost of hiring versus growing
• [9:25] The opportunity cost formula
• [14:06] The opportunity cost of liquidity and investing
• [16:06] Calculating quality of life benefits

Resources:

• Connect with Cayla: Facebook | Instagram
• Join the Mommy Millionaire Community
• Enroll in the The Millionairess Society

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Mommy Millionaire is a production of Crate Media