Wednesday, March 26, 2008

Opportunity Cost

Anywayz.. yea.. about the updates on X.E.S.. please wait for 1 more post.. hahahaha..

Because.. i really wanna talk about Opportunity Cost..

Studied Economics on the meaning of Opportunity Cost. but never in my life its so real to me.. till now.. what i choose to buy will determine what i will miss out.. most importantly.. what i may miss out.. maybe something far greater than not buying an item..


basically, im spoilt for choices.. the reason is.. i have RM450 to spend..

and in my mind.. there is like tons of stuff to think what to get? what shud i get? argh...

ok.. 1st.. i was planning all these while, to buy a toy model.. for RM85.. not that bad la.. but ok.. this one is a confirm expenditure.. although this is not a wise move.. but im definitely buying this..

so remaining cash. about RM365. ok.. this is the catch.. what can i do with this cash?

i was thinking.. Daley may plan for a holiday with the college friends and this will be the last trip before a few of them moving on to UK and Australia.. so.. this is 1 of the option.. to spend RM350 or maybe more for this holiday.. which probably will be in Pulau Perhentian/Redang/ I don't know but definitely not Langkawi..
Next.. if i were not to choose holiday, then i was thinking.. investment? good idea.. i was thinking of buying gold and putting it in SD. definitely gold is a good investment.. but what i will miss out is the holiday... hmmm...



Next.. i saw this brand spanking cool sunglasses.. for RM450.. ok la.. can chip in RM 90 for it.. but maybe i wont use it that much unless im driving or in the beach.. so wont be that practical..

Last but not least.. I have 1 more thing in mind.. this.. is the 1 secret opportunity cost that i will not tell anyone.. but it will be the biggest cost i will miss.. if i were to not get it.. then i will miss out alot..BIG TIME!



So.. basically.. Opportunity Cost is never this real.. because this RM450 i will be using it for the following month.. if i choose 1 thing.. i will regret over the possible 4 outcomes..