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Podcast: Who is Satoshi
Episode: 075 Opportunity Cost
Description: Warren Buffet often quoted as saying his haircuts cost $100k, so he cuts his own hair. But the opportunity cost of his haircut changes depending on his age; a $20 haircut in your 20s might cost you $100k, but in your 30s, it costs you only $50k, and in your 40s, only $25k, if not less.If a haircut costs that much, what are your other spending habits costing you? Opportunity cost shows us that ten years of frugality, saving, and investing in your twenties is worth 20 or 30 years of frugality--or more--down the road.Some of...