29: How Much Is Your Freedom Worth? (Opportunity Cost and Why It Matters)

<p>🎙 This episode has the power to change your life. Once you learn this, you can’t unlearn it and you’ll be seeing it everywhere. In this episode, I talk about opportunity cost and what that means for your finances. But I also talk about how it reflects what your freedom is worth. The financial choices you make have more than just a financial impact. And I’m not just talking about your carbon footprint. 🤔</p> <p><strong>This episode discusses topics like:</strong></p> <p>🌟 What opportunity cost means and why it’s a fundamental concept of modern economics;</p> <p>🌟 How to see the opportunity cost in all your financial (and personal) decisions; and</p> <p>🌟 What the true cost of retirement is — what is your freedom really worth?</p> <p><strong>Links from this episode:</strong></p> <p>Episode transcript and show notes: <a href= "https://www.papermoneyco.com/gof29">https://www.papermoneyco.com/gof29</a></p> <p>Get your FREE Investing Starter Guide: <a href= "https://www.papermoneyco.com/startinvesting">https://www.papermoneyco.com/startinvesting</a></p> <p><strong>Time codes:</strong></p> <p>00:00 Hello and Welcome!</p> <p>03:36 What Is Opportunity Cost?</p> <p>08:12 Sponsor - FIRE and Investment Calculator Spreadsheet</p> <p>10:26 What Does It Mean When Building Wealth?</p> <p>13:03 More Than Just Financial Cost</p> <p>19:18 Next Weeks’ Episode</p> <p><strong>Remember to:</strong></p> <p>Join our exclusive community by becoming a Patron: <a href= "https://www.patreon.com/girlonfirepodcast">https://www.patreon.com/girlonfirepodcast</a></p> <p>🤩 Subscribe so you don’t miss any future episodes.</p> <p>🏆 Rate and review the show on Apple Podcasts: <a href= "https://www.papermoneyco.com/podcastreview">https://www.papermoneyco.com/podcastreview</a></p> <p>Podcast reviews are crazy important to the iTunes algorithm. The more reviews we receive, the more likely we’ll be able to get this podcast in front of more people and grow the PMC Squad!</p> <p>💖 I'd be super grateful for your help in making financial education availab