WTF are Opportunity Costs?

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 29 March 2022

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Understanding opportunity costs can help you make the best financial decision for your future self. Let’s get into it. Here's Nicole's calculator: https://nicolelapin.com/calculator/wealth/ See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.0	Wall Street has been completely upended by an unlikely player. Game stop.
0:09.7	Ian and should I have a 401k because then I don't do it?
0:12.6	No, I know.
0:15.1	I don't think the whole world will walk around you on your money.
0:17.6	What a dumb shit.
0:19.6	Charge for wasting our time.
0:23.8	I will take a check.
0:24.8	I don't want to get paid.
0:26.8	You recognize her from anchoring on CNN, CNBC, and Bloomberg.
0:31.3	The only financial expert you don't need a dictionary to understand.
0:35.3	The cold lap in.
0:37.3	Today is another installment of a classic money rehab WTF episode
0:42.8	where I break down a term for a listener who wants to know
0:46.3	what the fuck does this mean.
0:48.3	Here's Katie with today's question.
0:52.3	Hey Nicole, my name's Katie and I'm a hotel manager in Palm Springs.
0:56.3	My lease is going to be up soon and I'm thinking of renewing,
0:59.6	but I've just been looking around at other places.
1:01.7	Just for fun.
1:02.4	And what I've asked co-workers for advice, one term I've heard a few times is
1:07.0	opportunity costs.
	...

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