#114: Understanding Opportunity Cost

<p><strong>About the Episode: </strong></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">In this episode, we’re breaking down the economic principle called “opportunity cost.” This principle essentially means that when you spend money, you lose the</span> <em><span style= "font-weight: 400;">opportunity</span></em> <span style= "font-weight: 400;">to utilize that money on something else.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">In our Current Money Events segment,</span> <span style= "font-weight: 400;">we’re discussing a global view of financial life during COVID-19.</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Our success story</span> <span style="font-weight: 400;">comes from Sasha, who has experienced the benefits of having and sticking with a budget.    </span></li> </ul> <p><strong>Resources:</strong> <span style= "font-weight: 400;"><br /></span><a href= "https://ministrydeal.clickfunnels.com/orderjq7s7412"><span style= "font-weight: 400;">20-Day Saving Challenge</span></a> <span style= "font-weight: 400;"><br /></span><a href= "https://www.iwasbrokenowimnot.com/tools-savings"><span style= "font-weight: 400;">Saving & Investing Tools</span></a><br /> <a href= "https://www.mckinsey.com/industries/financial-services/our-insights/a-global-view-of-financial-life-during-covid-19"> <span style="font-weight: 400;">ARTICLE: Mckinsey - Global View of Financial Life During COVID-19</span></a><br /> <a href= "https://www.iwasbrokenowimnot.com/see-our-team-live"><span style= "font-weight: 400;">*NEW* Live Online Events</span></a><br /> <a href="http://www.iwbnin.com/ladder"><span style= "font-weight: 400;">IWBNIN Ladder</span></a></p> <p><strong>Related Monday Money Tip Podcast Episodes:</strong><br /> <a href= "https://www.iwasbrokenowimnot.com/mmt-podcast-episode-03"><span style="font-weight: 400;"> Episode 03: Making Savings a Priority</span></a><br /> <a href= "https://www.iwasbrokenowimnot.com/mmt-podcast-episode-04"><span style="