29 min
139: The Trade-off Dilemma: Finding Harmony in Financial Choices Pera & Purpose Podcast
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- How To
Picture this: you're eyeing the latest iPhone, shiny and alluring, priced at AED 5,500. It's tempting, right? But hold on a second. Twenty years down the line, that sleek gadget will be nothing more than a relic, while if you were to invest that same amount in a low-cost, globally diverse index fund, it could potentially grow to over AED 21,000!
Life is a series of choices, each one coming with its own set of trade-offs, known as opportunity costs. And understanding this principle is not just crucial for investing, but for every aspect of your financial journey.
In today's episode, we're going to unpack why opportunity costs matter and how you can use them to shape your financial future.
--
- Buying Decision Guide
- Take the Global Investing Survey
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👋🏻 Connect with Kuya Jay on social media. Ask questions, inquire for collabs, sponsorships, or schedule a quick coaching call here.
Picture this: you're eyeing the latest iPhone, shiny and alluring, priced at AED 5,500. It's tempting, right? But hold on a second. Twenty years down the line, that sleek gadget will be nothing more than a relic, while if you were to invest that same amount in a low-cost, globally diverse index fund, it could potentially grow to over AED 21,000!
Life is a series of choices, each one coming with its own set of trade-offs, known as opportunity costs. And understanding this principle is not just crucial for investing, but for every aspect of your financial journey.
In today's episode, we're going to unpack why opportunity costs matter and how you can use them to shape your financial future.
--
- Buying Decision Guide
- Take the Global Investing Survey
---
👋🏻 Connect with Kuya Jay on social media. Ask questions, inquire for collabs, sponsorships, or schedule a quick coaching call here.
29 min