Opportunity Cost – Everything In Life Is a Trade-Off

This is the header image for the Fiology lesson on Opportunity Cost - Everything In Life Is a Trade-Off. It depicts the title of the lesson and an image of a person moving chess pieces on a chess board.

Opportunity cost is defined as the loss of potential gain from other alternatives when one alternative is chosen. In its essence it means that if you spend your time and/or resources on one event, you can no longer spend it on another. An Example Today, after the longest stock market bull run in history (minus … Read more

Your Why of Financial Independence

This is the lesson header image for the Fiology lesson that helps you determine why you want to pursue Financial Independence.

Discussion:  You understand the definition of Financial Independence.  You are intrigued enough to pursue FI, but why?  It is important to know the why because this journey can be long, challenging, at times boring, and daunting.  The “why” will be needed to help you maintain your motivation?  It will also help you justify your journey when others take notice or are interested in beginning their FI journey.