Are You Too Busy Eating Bananas to Fish? – Opportunity Cost and Happiness In economics, there is a principle called “Opportunity Cost.” Basically, Opportunity Cost refers to what you lose from one pursuit while working or focusing on something else. This is closely tied to our previous talk on knowing what the tradeoffs are for each decision you make. What are you losing by choosing the bicycle over … Continue reading “Are You Too Busy Eating Bananas to Fish? – Opportunity Cost and Happiness”
Living in the Past Doesn’t Deliver Happiness (Paris Driving and Senator Tim Scott) In a recent interview on Fox News, Tim Scott (a Senator from South Carolina) gave an interesting – and enlightening – analogy regarding perspective. The conversation with host, Trey Gowdy, revolved around the pain of historic race relations in the US. More specifically, what weight should be given to the pain of historic events vs. … Continue reading “Living in the Past Doesn’t Deliver Happiness (Paris Driving and Senator Tim Scott)”
Know the Tradeoffs and Be Happier In his book*, Essentialism: The Disciplined Pursuit of Less, Greg McKeown talks about the importance of understanding what we are giving up – the tradeoffs – in our choices. Know the tradeoffs and be happier. Here’s why we are talking about it today. We can’t be happy with the choices we make if we don’t … Continue reading “Know the Tradeoffs and Be Happier”