You can only be in one place at a time: Dr. Ryan Lee on Opportunity Cost

What do you want to do? What do you want to watch? What do you want to eat? Going to a museum involves not going to the gym. When watching the big game, avoid watching the TV drama simultaneously. Streaming a new movie means you are not streaming your favorite sitcom.

Whenever we choose to do something, we inherently choose not to do another activity. For example, when choosing a place to eat, we keep might keep different choices in an attempt to select the perfect restaurant. It’s better to make a decision than to keep haggling as people get hungrier and closing times approach.

Read more about opportunity cost on moneygeek.com.