Opportunity Cost
Opportunity cost is sometimes described as the value of the next best alternative forgone as a result of making a decision. This cost is not only measured by material or monetary value, but by anything of value. Assessing opportunity cost is fundamental to assessing the true cost of any action. Ignoring this could create a downfall to the hidden cost of your decision. Always remember opportunity cost is a two sided coin....
Wills
A will or testament is a legal declaration by which a person, the testator, names one or more persons to manage his estate and provides for the transfer of his property at death. In the strictest sense, a "will" has historically been limited to real property while "testament" applies only to dispositions of personal property though this distinction is seldom observed today. A will may also create a testamentary trust that is effective only after the death of the testator. That is what the definition of a will is but what does it really mean? ...
3 Types of Money
In the past the average American has spent more then they have made. With the recent economic downturn, savings have increased. While it is quite easy to conclude that controlling more capital will solve some problems, more often than not an increase in wealth simply compounds them. Increased prosperity carries with it an increased level of responsibility and accountability which take time, that in our busy lives is in short supply. Clearly identifying three distinct types of money can better clarify how money works...
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