How To Escape The American Rat Race

In this episode we will discuss mental models that deal with decision making.   Each adult human makes hundreds or thousands of decisions every single day.  We are going to discuss some ways you can make sure you are making the best decisions that you can. These are mental models that you literally should be applying to your life every single day! We will explore the following mental models: Business Case - "Captures the reasoning for initiating a project or task. It is often presented in a well-structured written document, but may also sometimes come in the form of a short verbal argument or presentation." Opportunity Cost - "The value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives. Assuming the best choice is made, it is the 'cost' incurred by not enjoying the benefit that would have been had by taking the second best available choice." Sunk Cost - "A cost that has already been incur