In this episode, Hazel delves into the principle of opportunity cost, emphasising its significance in making informed decisions, particularly in financial matters. As the new year begins, the discussion reflects on the regrets many individuals have regarding missed opportunities, such as investing in property or cryptocurrencies. Hazel shares personal experiences and insights gained over 15 years of working with clients, highlighting the importance of education and due diligence in investment choices.

KEY TAKEAWAYS

• Understanding Opportunity Cost: Opportunity cost refers to the value of the next best alternative that is forgone when making a decision. It's crucial to recognise what you might be giving up when choosing one option over another.
• Importance of Education: Being informed and educated about different investment opportunities is essential. Knowledge can help individuals make better financial decisions and avoid regrets about missed opportunities.
• Delayed Gratification: Choosing to invest in long-term financial stability, such as property, over immediate pleasures like luxury vacations or cars can lead to greater financial security in the future.
• Learning from Experience: Not every investment will yield positive results, but each experience—whether successful or not—provides valuable lessons. Embracing failures as learning opportunities is vital for growth.

BEST MOMENTS

"Opportunity cost is the value of the next best alternative when a decision is made."

"The opportunity cost of such was that we chose delayed gratification for future financial stability."

"If you're not in the game, you're not learning."

"It's important to align with the choices that you make and make sure that you are doing the correct due diligence."

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free. 

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'. 

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

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