29: How Much Is Your Freedom Worth? (Opportunity Cost and Why It Matters)

Girl on FIRE

🎙 This episode has the power to change your life. Once you learn this, you can’t unlearn it and you’ll be seeing it everywhere. In this episode, I talk about opportunity cost and what that means for your finances. But I also talk about how it reflects what your freedom is worth. The financial choices you make have more than just a financial impact. And I’m not just talking about your carbon footprint. 🤔

This episode discusses topics like:

🌟 What opportunity cost means and why it’s a fundamental concept of modern economics;

🌟 How to see the opportunity cost in all your financial (and personal) decisions; and

🌟 What the true cost of retirement is — what is your freedom really worth?

Links from this episode:

Episode transcript and show notes: https://www.papermoneyco.com/gof29

Get your FREE Investing Starter Guide: https://www.papermoneyco.com/startinvesting

Time codes:

00:00 Hello and Welcome!

03:36 What Is Opportunity Cost?

08:12 Sponsor - FIRE and Investment Calculator Spreadsheet

10:26 What Does It Mean When Building Wealth?

13:03 More Than Just Financial Cost

19:18 Next Weeks’ Episode

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The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.