{"id":202,"date":"2011-09-10T06:00:29","date_gmt":"2011-09-10T10:00:29","guid":{"rendered":"http:\/\/www.worlddrivecoaching.com\/?p=202"},"modified":"2011-09-10T06:00:29","modified_gmt":"2011-09-10T10:00:29","slug":"opportunity-cost","status":"publish","type":"post","link":"https:\/\/www.worlddrivecoaching.com\/moveforward\/opportunity-cost\/","title":{"rendered":"Opportunity Cost"},"content":{"rendered":"<div id=\"attachment_216\" style=\"width: 140px\" class=\"wp-caption alignleft\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-216\" class=\"size-full wp-image-216 \" title=\"Friedrich von Wieser\" src=\"https:\/\/i0.wp.com\/www.worlddrivecoaching.com\/wp-content\/uploads\/2011\/08\/Friedrich-von-Wieser.jpg?resize=130%2C164\" alt=\"Friedrich von Wieser\" width=\"130\" height=\"164\" \/><p id=\"caption-attachment-216\" class=\"wp-caption-text\">Friedrich von Wieser - Developer of the Opportunity Cost Theory<\/p><\/div>\n<p>When you choose to do something there is always a cost.\u00a0 If you decide to get up at 6am instead of sleep in you have cost yourself sleep but gained more time awake which could mean more productivity.\u00a0 Such things are referred to as opportunity cost.<\/p>\n<p>We all have a finite amount of time.\u00a0 When we choose to do something the cost is that we cannot get that time back and therefore have lost that time to do something else.\u00a0 We all have 168 hours in a week and if we choose to watch television for 40 of those hours then that is 40 hours we cannot get back to exercise, read, work, or anything else.<\/p>\n<p>Want to get more productive time out of your day and lower your opportunity cost?\u00a0 Set up a time budget much like you would your household financial budget.\u00a0 See where time is being wasted or could be used better.\u00a0 This can help you improve outlook, reduce stress, and increase your productivity both at work and at home.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you choose to do something there is always a cost.\u00a0 If you decide to get up at 6am instead of sleep in you have cost yourself sleep but gained more time awake which could mean more productivity.\u00a0 Such things are referred to as opportunity cost. We all have a finite amount of time.\u00a0 When [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":216,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[22],"tags":[179,222,414],"class_list":["post-202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-time-management","tag-economics","tag-friedrich-von-wieser","tag-opportunity-cost","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6qxKv-3g","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.worlddrivecoaching.com\/moveforward\/wp-json\/wp\/v2\/posts\/202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worlddrivecoaching.com\/moveforward\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worlddrivecoaching.com\/moveforward\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worlddrivecoaching.com\/moveforward\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worlddrivecoaching.com\/moveforward\/wp-json\/wp\/v2\/comments?post=202"}],"version-history":[{"count":0,"href":"https:\/\/www.worlddrivecoaching.com\/moveforward\/wp-json\/wp\/v2\/posts\/202\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worlddrivecoaching.com\/moveforward\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.worlddrivecoaching.com\/moveforward\/wp-json\/wp\/v2\/media?parent=202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worlddrivecoaching.com\/moveforward\/wp-json\/wp\/v2\/categories?post=202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worlddrivecoaching.com\/moveforward\/wp-json\/wp\/v2\/tags?post=202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}