W11 Measuring the Cost

This week brought excellent self reflection.  Every thing we choose to do comes with an opportunity cost. It is how we evaluate and prioritize that will have the biggest impact on the outcomes of our choices. 

Measure The Cost

In order to measure the cost of a decision, especially with an entrepreneurial path or starting a business, you need to be able to evaluate each decision. You also need to know your ethics, morals, and order of priorities in order to evaluate the options in the right context. The priorities I base decisions off of are the following categories in the following ranked order:

  1. Mental well being
  2. Relationship with Spouse
  3. Relationship with children
  4. Financial Gain
  5. Time Commitment
  6. Total Time Duration or (Change is Time Commitment over a long period of time)
This ranking and values have been added based on real life experience and learning how to properly put family first. My spouse and I have made mistakes in the past placing total time and financial gain ahead of mental health and our relationship. We will not make that sacrifice again. I am grateful we learned this early on in our marriage as it has helped us prioritize which types of jobs to take and which to pass on. While we are making less money that we could be right now- I also get 10 more hours a week with my spouse due to a much shorter daily commute. We have to be a little tighter to our budget, but we get to have at home date nights multiple times a week and spend more time together with our son. This extra quality time is far more important to me than less financial stress. We know we are still on the beginning stepping stones of our respective careers, meaning the added financial stress will not last forever. Additionally, the added time and memories together- those will last forever.

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