Opportunity cost refers to the potential benefits that an individual, investor or business gives up when choosing one option over another. Opportunity cost refers to the potential benefits that an individual, investor or business gives up when choosing one option over another. For example, if you invest in your future career prospects by going back to college, you may not be able to work while studying, so your lost earnings over this period would be part of your opportunity cost. This must be balanced against the longer-term benefits of the decision. Understanding the value of opportunity costs can guide you in making better investing and savings decisions. Saving money now affords you new opportunities in the future It’s never too late to put some money aside in a High-Yield Savings Account. Click on your state and find out more. Open an Account Today! Understanding opportunity cost Opportunity cost applies to almost any business or personal decision, but it can be an elusive concept to grasp because it is so broad. In general, opportunity cost is the amount of money (or another resource) that you will miss out on by taking a particular course of action. However, defining that cost […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
