202 | Opportunity Cost | Mommy Millionaire Minute

<p><span style="color: rgb(0, 0, 0); background-color: transparent;">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?</span></p><p><span style="color: rgb(0, 0, 0); background-color: transparent;">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.</span></p><p><span style="color: rgb(0, 0, 0); background-color: transparent;">You Will Hear About:</span></p><ul><li><span style="background-color: transparent;">[2:42] What opportunity cost is</span></li><li><span style="background-color: transparent;">[4:12] Building a brand versus network marketing</span></li><li><span style="background-color: transparent;">[6:06] The opportunity cost of time</span></li><li><span style="background-color: transparent;">[7:24] The cost of hiring versus growing</span></li><li><span style="background-color: transparent;">[9:25] The opportunity cost formula</span></li><li><span style="background-color: transparent;">[14:06] The opportunity cost of liquidity and investing</span></li><li><span style="background-color: transparent;">[16:06] Calculating quality of life benefits</span></li></ul><br/><p><br></p><p><span style="color: rgb(0, 0, 0); background-color: transparent;">Resources:</span></p><ul><li><span style="background-color: transparent;">Connect with Cayla: </span><a href="https://www.facebook.com/CraftCayla/" target="_blank" style="background-color: transparent; col