Comments on: Calculate Financial AND Opportunity Costs of Your Decision http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/ Family, Marriage, Finances & Life Sat, 11 Feb 2012 13:09:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Best Personal Finance Articles 4 Nov 2007 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/comment-page-1/#comment-14667 Best Personal Finance Articles 4 Nov 2007 Sat, 03 Nov 2007 22:01:42 +0000 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/#comment-14667 [...] Calculate Financial AND Opportunity Costs of Your Decision at Clever Dude Personal Finance & Mon... [...] [...] Calculate Financial AND Opportunity Costs of Your Decision at Clever Dude Personal Finance & Mon… [...]

]]> By: Clever Dude http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/comment-page-1/#comment-14468 Clever Dude Tue, 30 Oct 2007 16:46:15 +0000 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/#comment-14468 Yeah, my employer's websense classifies Stacie's site as sex too. I don't think she's ever mentioned that word anywhere, so I don't understand it. Oh well. Yeah, my employer’s websense classifies Stacie’s site as sex too. I don’t think she’s ever mentioned that word anywhere, so I don’t understand it. Oh well.

]]> By: Shannon http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/comment-page-1/#comment-14467 Shannon Tue, 30 Oct 2007 16:21:29 +0000 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/#comment-14467 OK I wanted to vote for you but I'm a bit inept with these things. Plus I tried to go directly to the link from my feed reader and websense thought you belonged in the category "sex" - which, obviously, is filtered. *chuckle* OK I wanted to vote for you but I’m a bit inept with these things. Plus I tried to go directly to the link from my feed reader and websense thought you belonged in the category “sex” – which, obviously, is filtered.

*chuckle*

]]> By: Finance And Fat http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/comment-page-1/#comment-14466 Finance And Fat Tue, 30 Oct 2007 14:31:14 +0000 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/#comment-14466 Very well said! I'm looking at a similar problem now, though on a much smaller scale- trying to decide if I should go ahead with the purchase of a new laptop and delaying paying off more debt. I agree with you, there is always something 'better' we could do with our money- better in the sense of making it earn more dollars- but then, that's not what life's all about either. Very well said! I’m looking at a similar problem now, though on a much smaller scale- trying to decide if I should go ahead with the purchase of a new laptop and delaying paying off more debt.

I agree with you, there is always something ‘better’ we could do with our money- better in the sense of making it earn more dollars- but then, that’s not what life’s all about either.

]]> By: Carnival of Personal Finance #124 is up… - Blunt Money http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/comment-page-1/#comment-14452 Carnival of Personal Finance #124 is up… - Blunt Money Tue, 30 Oct 2007 00:50:24 +0000 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/#comment-14452 [...] Freedom - Finance and Fat’s Can You See the Day You Become Debt Free? - Clever Dude’s Calculate Financial AND Opportunity Costs of Your Decision Go to: Home page   Add to: del.icio.us Netscape reddit StumbleUpon Filed under: Carnivals. [...] [...] Freedom – Finance and Fat’s Can You See the Day You Become Debt Free? – Clever Dude’s Calculate Financial AND Opportunity Costs of Your Decision Go to: Home page   Add to: del.icio.us Netscape reddit StumbleUpon Filed under: Carnivals. [...]

]]> By: Sunday Morning Link Love - Carnival Hosting Ahead! | I've Paid For This Twice Already... http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/comment-page-1/#comment-14416 Sunday Morning Link Love - Carnival Hosting Ahead! | I've Paid For This Twice Already... Sun, 28 Oct 2007 14:55:31 +0000 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/#comment-14416 [...] Dude: Calculate Financial AND Opportunity Costs of Your Decision - Clever Dude analyzes his recent Mini Cooper purchase and shows why usually a decision isn’t [...] [...] Dude: Calculate Financial AND Opportunity Costs of Your Decision – Clever Dude analyzes his recent Mini Cooper purchase and shows why usually a decision isn’t [...]

]]> By: Tim http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/comment-page-1/#comment-14408 Tim Sat, 27 Oct 2007 20:37:44 +0000 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/#comment-14408 opportunity costs don't matter if it is a purchase you want and budgeted to obtain. money is in fact to purchase goods and services, it isn't to hoard away for the sake of hoarding. it may not have been what other people would have done with their money, but you weren't talking about their money in the first place. enjoy the mini, get on with the next goal. opportunity costs don’t matter if it is a purchase you want and budgeted to obtain. money is in fact to purchase goods and services, it isn’t to hoard away for the sake of hoarding. it may not have been what other people would have done with their money, but you weren’t talking about their money in the first place. enjoy the mini, get on with the next goal.

]]> By: Kyle http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/comment-page-1/#comment-14357 Kyle Thu, 25 Oct 2007 21:57:45 +0000 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/#comment-14357 Thanks for the response. The part where you say "There’s always something better we could do with our time or money" is what I was disagreeing with. The point I was trying to make is that there are times when there is 'not' something better that I would want to do with my time or money. Whatever it may be, spending time with family, helping a charity, etc. But I think what you are saying is even with such choices there are still opportunity costs associated with them. Interesting, never thought about it that way. Thanks for the response. The part where you say “There’s always something better we could do with our time or money” is what I was disagreeing with. The point I was trying to make is that there are times when there is ‘not’ something better that I would want to do with my time or money. Whatever it may be, spending time with family, helping a charity, etc. But I think what you are saying is even with such choices there are still opportunity costs associated with them. Interesting, never thought about it that way.

]]> By: Clever Dude http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/comment-page-1/#comment-14355 Clever Dude Thu, 25 Oct 2007 20:53:08 +0000 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/#comment-14355 Kyle, not sure what your disagreement is to the statement you quoted. Basically, I can't calculate what you lost in opportunity by the choice you made due to the emotional and immaterial aspect to decisions in general. Of course we don't want to sit and worry whether we should have done something else though. That would be a major waste of time and our brain power. Yes, make the most of the decisions you made, but this article speaks to the time before making those decisions. It's about calculating (mentally or even on paper) the weight and risk of each situation before committing. Obviously, though, you don't pull out a supercomputer to decide between 2 types of gum. You need to scale your calculations to the decision at hand. Kyle, not sure what your disagreement is to the statement you quoted. Basically, I can’t calculate what you lost in opportunity by the choice you made due to the emotional and immaterial aspect to decisions in general.

Of course we don’t want to sit and worry whether we should have done something else though. That would be a major waste of time and our brain power. Yes, make the most of the decisions you made, but this article speaks to the time before making those decisions. It’s about calculating (mentally or even on paper) the weight and risk of each situation before committing. Obviously, though, you don’t pull out a supercomputer to decide between 2 types of gum. You need to scale your calculations to the decision at hand.

]]> By: Kyle http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/comment-page-1/#comment-14352 Kyle Thu, 25 Oct 2007 19:36:02 +0000 http://www.cleverdude.com/content/calculate-financial-and-opportunity-costs-of-your-decision/#comment-14352 Interesting topic and I felt the need to give my perspective. You say "There’s always something better we could do with our time or money, but it’s up to YOU to calculate how that other thing is better." Maybe I am not seeing your point but I would disagree with that statement. For me life would really suck if it were true. I would never be happy with where I am. Instead, I try to focus on getting the most out of the opportunites that I have pursued, both financially and personally. And yes, kids will have the biggest impact on your lives if you and your wife decide to have them. But the good news is that I guarantee you will never ponder the lost opportunity of being somewhere else when you are holding them in your arms! Interesting topic and I felt the need to give my perspective. You say “There’s always something better we could do with our time or money, but it’s up to YOU to calculate how that other thing is better.”

Maybe I am not seeing your point but I would disagree with that statement. For me life would really suck if it were true. I would never be happy with where I am. Instead, I try to focus on getting the most out of the opportunites that I have pursued, both financially and personally. And yes, kids will have the biggest impact on your lives if you and your wife decide to have them. But the good news is that I guarantee you will never ponder the lost opportunity of being somewhere else when you are holding them in your arms!

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