How to Know Your Opportunity Cost

An opportunity cost represents an alternative given up when a decision is made. At exponential gains, that's $100,000 down the road or a million dollars later. So I have an example of this. I bought an Acura Integra for $2,500 and then sold it for $1,000. Over the course of 10 years, it cost me $1, thousand plus like we had to do a new muffleror something. Then when I sold it, I bought my 2003 Honda Element brand new because I wanted those my first brand new car and I deserve it. So that cost me $16,000. But at the time, my opportunity costs are exponential because I