Opportunity Cost

<p>Hello members and subscribers! The twelfth Moonshots Master episode is here and we are diving into Critical Thinking and Opportunity Cost!</p><p><br></p><p>Getting us started on the journey is <a href="https://www.youtube.com/watch?v=Pa0VAmBXpGo&amp;list=PLyauyIoqArCOsFzPxs9omrGdAdkEJ3pHJ&amp;index=1&amp;t=4s&amp;ab_channel=Mr.Hancock">Brit Lewis from Mr Hancock, who talks about Trade-Offs and how an understanding of scarcity can help us grasp the number of possibilities around us</a>. We then have a breakdown from <a href="https://www.youtube.com/watch?v=NwOYLV-L7pc&amp;list=PLyauyIoqArCOsFzPxs9omrGdAdkEJ3pHJ&amp;index=2&amp;ab_channel=Study.com">Study.com which explains choice, Opportunity Cost definition and real-world examples demonstrating how every choice has a value</a>.</p><p><br></p><p>Next up to help us understand the framework of Opportunity Cost, we have <a href="https://www.youtube.com/watch?v=SA16Qw09bXM&amp;list=PLyauyIoqArCOsFzPxs9omrGdAdkEJ3pHJ&amp;index=3&amp;ab_channel=EconClips">EconClips with a helpful breakdown of key elements of opportunity cost, and the psychological idea of loss via Psychic profit thinking</a>. We also have <a href="https://www.youtube.com/watch?v=zVOiQCO1QJs&amp;list=PLyauyIoqArCOsFzPxs9omrGdAdkEJ3pHJ&amp;index=4&amp;ab_channel=CourseHero">Course Hero discussing explicit versus implicit costs and the definition of the cost of giving up</a>.</p><p><br></p><p>As we plan how to adopt new habits starting today, <a href="https://www.youtube.com/watch?v=9WqhKKHTsis&amp;list=PLyauyIoqArCOsFzPxs9omrGdAdkEJ3pHJ&amp;index=5&amp;ab_channel=tutor2u">Tutor2u provides two applied examples of opportunity costs including the cost of a coffee</a>. And closing the show, we have <a href="https://www.youtube.com/watch?v=lkfvuX47bG0&amp;list=PLyauyIoqArCOsFzPxs9omrGdAdkEJ3pHJ&amp;index=8&amp;ab_channel=OnlinePMCourses-MikeClayton">Mike Clayton from OnlinePMCourses who states that - like your money - you lose the opportunity to use time if you aren’t spending it on something that’