Comments on: The Opportunity Cost of Following Your Dreams http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/ Life lessons on the path to paradise Tue, 27 Jul 2010 19:14:01 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Eric Watermolen http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/comment-page-1/#comment-334 Eric Watermolen Fri, 01 Jan 2010 16:16:19 +0000 http://www.edenjournal.com/?p=372#comment-334 Yep, somehow I stayed awake long enough in my economics classes to remember some of the terminology. I tend to think that even the ultra rich have opportunity costs. Most of those folks work their butts off, when they could be out enjoying their loads of dough. Yep, somehow I stayed awake long enough in my economics classes to remember some of the terminology. I tend to think that even the ultra rich have opportunity costs. Most of those folks work their butts off, when they could be out enjoying their loads of dough.

]]> By: Patrenia http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/comment-page-1/#comment-333 Patrenia Fri, 01 Jan 2010 01:51:37 +0000 http://www.edenjournal.com/?p=372#comment-333 This is something that I've always noticed, but didn't realize until recently that there was a name for it. We are each only one and there is only so much that can be done at one time, unless you are Oprah or Warren Buffet, with our incomes. So, choices have to be made in order of importance and we all have to make these choices. .-= Patrenia´s last blog ..<a href="http://feedproxy.google.com/~r/personalfinancenotebook/DRbl/~3/LSeAYZjfKLE/" rel="nofollow">The Day We Turned Our Financial Lives Around…</a> =-. This is something that I’ve always noticed, but didn’t realize until recently that there was a name for it. We are each only one and there is only so much that can be done at one time, unless you are Oprah or Warren Buffet, with our incomes. So, choices have to be made in order of importance and we all have to make these choices.
Patrenia´s last blog ..The Day We Turned Our Financial Lives Around… My ComLuv Profile

]]> By: Henri @ Wake Up Cloud http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/comment-page-1/#comment-332 Henri @ Wake Up Cloud Fri, 01 Jan 2010 01:09:25 +0000 http://www.edenjournal.com/?p=372#comment-332 Awesome! I agree that the passionate places are always much more fun. The customer service is excellent. My move to Spain will be interesting indeed. Let's crush 2010! Awesome! I agree that the passionate places are always much more fun. The customer service is excellent.

My move to Spain will be interesting indeed. Let’s crush 2010!

]]> By: Eric Watermolen http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/comment-page-1/#comment-331 Eric Watermolen Fri, 01 Jan 2010 00:45:00 +0000 http://www.edenjournal.com/?p=372#comment-331 Ha! Happy new year to you. That's a good way to look at it. Jet into the future and look back to see which paths would have been the best to take. You have done what others just dream about, so I highly value your opinions on this topic. I envy the adventure you undertook and hope when the time is right I can do the same. Ha! Happy new year to you. That’s a good way to look at it. Jet into the future and look back to see which paths would have been the best to take. You have done what others just dream about, so I highly value your opinions on this topic. I envy the adventure you undertook and hope when the time is right I can do the same.

]]> By: Eric Watermolen http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/comment-page-1/#comment-330 Eric Watermolen Fri, 01 Jan 2010 00:41:17 +0000 http://www.edenjournal.com/?p=372#comment-330 Patty, I agree completely. Cost is often personal value rather than monetary cost. Security is one of the underlying values for many, and is for me as well. It is such a loaded value, but so so hard to overcome. I have also found the need for security to reach higher importance with a family. Flying solo makes it easier to take risks. It becomes harder when others depend on you. PS. Great choice of words, "concretize" is a great word. Patty, I agree completely. Cost is often personal value rather than monetary cost. Security is one of the underlying values for many, and is for me as well. It is such a loaded value, but so so hard to overcome. I have also found the need for security to reach higher importance with a family. Flying solo makes it easier to take risks. It becomes harder when others depend on you.

PS. Great choice of words, “concretize” is a great word.

]]> By: Eric Watermolen http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/comment-page-1/#comment-329 Eric Watermolen Fri, 01 Jan 2010 00:29:56 +0000 http://www.edenjournal.com/?p=372#comment-329 Jon, thanks for the compliments. I consider time to be the most precious commodity, and that is one of the greatest costs in most any endeavor. I've had things go both ways, sometimes I've put a lot of time into something and feel that some of it was wasted when it didn't all work out, and other times I've been most pleased with spending time working towards a goal. This reminds me of another economics term; buyers remorse. I suppose that could be applied to time as well... dreamers remorse. Only difference is dreamers remorse is likely to come from lack of action and the lack of following goals. Oh well, I feel like I'm rambling now, looks like you got me rolling. :) Jon, thanks for the compliments. I consider time to be the most precious commodity, and that is one of the greatest costs in most any endeavor.

I’ve had things go both ways, sometimes I’ve put a lot of time into something and feel that some of it was wasted when it didn’t all work out, and other times I’ve been most pleased with spending time working towards a goal. This reminds me of another economics term; buyers remorse. I suppose that could be applied to time as well… dreamers remorse. Only difference is dreamers remorse is likely to come from lack of action and the lack of following goals. Oh well, I feel like I’m rambling now, looks like you got me rolling. :)

]]> By: Eric Watermolen http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/comment-page-1/#comment-328 Eric Watermolen Fri, 01 Jan 2010 00:21:09 +0000 http://www.edenjournal.com/?p=372#comment-328 I love it Henri, good stuff! It would be a fun ride even if it didn't all work out. I like the idea of companies run by people that are passionate, those restaurants are always so much better. From what I've read on your blog I can see your low opportunity costs. I'm excited about your upcoming trip to Spain, and will be following your adventure. I love it Henri, good stuff! It would be a fun ride even if it didn’t all work out. I like the idea of companies run by people that are passionate, those restaurants are always so much better.

From what I’ve read on your blog I can see your low opportunity costs. I’m excited about your upcoming trip to Spain, and will be following your adventure.

]]> By: Eric Watermolen http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/comment-page-1/#comment-327 Eric Watermolen Fri, 01 Jan 2010 00:17:10 +0000 http://www.edenjournal.com/?p=372#comment-327 Great conclusion Gordie. I like to do that too, give myself a chance to talk my way out of a purchase. I find I spend a lot less that way. Great conclusion Gordie. I like to do that too, give myself a chance to talk my way out of a purchase. I find I spend a lot less that way.

]]> By: Eric Watermolen http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/comment-page-1/#comment-326 Eric Watermolen Thu, 31 Dec 2009 23:23:27 +0000 http://www.edenjournal.com/?p=372#comment-326 Thanks Quinn. I felt the need to discuss opportunity cost, as it often gets overlooked during the excitement of dream building and goal setting. Thanks Quinn. I felt the need to discuss opportunity cost, as it often gets overlooked during the excitement of dream building and goal setting.

]]> By: Annabel Candy, Get In the Hot Spot http://www.edenjournal.com/372/the-opportunity-cost-of-following-your-dreams/comment-page-1/#comment-325 Annabel Candy, Get In the Hot Spot Thu, 31 Dec 2009 22:18:43 +0000 http://www.edenjournal.com/?p=372#comment-325 I think you have to base it on what you most regret. For example, when you're old and infirm will you be wishing you'd played more Wii or traveled the country? Or will you be glad you burned the candle at both ends and did it all? Happy new year Mr. Mysterious:) I think you have to base it on what you most regret. For example, when you’re old and infirm will you be wishing you’d played more Wii or traveled the country? Or will you be glad you burned the candle at both ends and did it all?

Happy new year Mr. Mysterious:)

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