Economics does not find you highly paid jobs; it also\npreaches some valuable lessons in life lessons which are not taught in schools\nand those which you have to learn by yourself.
\n\n
1. Junk relationships vs. High-quality bonds
\n\n
Junk is simple attractive and Junk bonds are NOT free money.\nIt's very rare for Junk Bonds to outperform High-quality bonds and unless you\nhave a actually competent guardian angel, don't go for them. So, mainly, what\nwe mean is, you might find useless people in life at times who seem to be\nirresistibly attractive and "useful," but junk people are junk and they will\nnot match the "high-quality" friends and family you already have.
\n\n
Unless you rein the market, the situation applies to you.
\n\n
For instance: Most people get into a condition where they\nmeet a person who is spoiled to the core and then they consider an uncalled for\nresponsibility of getting this person on the right track. It seems very\nrighteous! But, beware! This spoiled one is a junk and you can never change\nhim. Enter into such relationships at your own perils and expect the nastiest!
\n\n
2. Cost is Crucial
\n\n
Knowing the cost of belongings you are buying is crucial for\ndecision making. An understanding of opportunity cost or cost and not just\nprice makes a decision prudent. Similarly, in life, nothing comes free and\neverything has a cost or opportunity cost related with it. Before you zero in\non something or someone in life, suppose all the available alternatives and\ncompare what each alternative would cost you in life. Here, the money might not\nbe dollars or pounds but it would be a compound of career, emotions, money,\naffection etc.
\n\n
3. Return on Investments is realistic; so could be\nExpectations.
\n\n
You will get returns only on the base of what you have\ninvested and returns are always realistic. So should be your expectations,\ngeneral or monetary. If you want your prospect to be met, let them be\nrealistic. Good luck if you are an exception.
\n\n
4. Maximize lifetime happiness
\n\n
You don't take your decisions based on just the present. Do\nyou? Future is significant consideration to make and it is so for life in\ngeneral outside economics as well.
\n\n
5. Divorce is an\nEconomic Affair
\n\n
You know the difference between a good and a commodity. You\ncan buy a commodity from anyplace and you don't feel there's much to think\nwhile filling gas in your vehicle from a station different from where you\ngenerally fill it. But, if you are a loyal HTC fan, it may be hard for you to\ngo for Samsung or Nokia. HTC is a "good" in which you have invested your money,\nunderstanding, trust etc. Your life partner is similar to a "good." You have\ninvested, emotionally and monetarily, a lot in a 5-years-relationship than you\nhave invested in a casual hook-up. Breakups with partners are no big deal, but,\na divorce, on the other hand, is a big deal as the investment is too hard to\nignore.
\n\n
6. Supply and Demand
\n\n
This is one of the most valuable lessons economics will\nteach you. You know the basic gist of the well-known principle which says that\nwhen supply increases but the demand remains constant, the "good" becomes less\nvaluable. So, essentially, this implies that if your availability in life\nincreases more than what people demand, your worth diminishes.
\n\n
Be a little limited in your supply of accessibility and this\nmakes you maintain people's interest level in you!
\n\n
7. The Economics of Love
\n\n
This concept is stunning. If you are in a loving\nrelationship, the returns are roughly proportional to devotion you invest and\nthe amount of time. More investment leads to more returns give the investment\nin being done in the right place. Invest more of yourself in a relationship and\nyou may get more love (Mind you, this applies only if you are investing your\nlove for right person!).
\n\n
8. Long-term investment pays off
\n\n
Impatient investment leads to long term investment and\nlong-term repentance leads to fruitful future. In real life, invest your\nemotions, love money, etc. on relationships that are meant to last long instead\nof impatiently investing your assets on a relationship of a day or two.
\n\n The ball is in your\ncourt now! Economics has taught you sufficient life lessons but implementing\nthem is what you have to do to build this preaching work for you. You can make economics\neasy with online education. There are various sites which provide online\ntutoring, textbook solution, assignment help etc.
Economics does not find you highly paid jobs; it also\npreaches some valuable lessons in life lessons which are not taught in schools\nand those which you have to learn by yourself.
\n\n1. Junk relationships vs. High-quality bonds
\n\nJunk is simple attractive and Junk bonds are NOT free money.\nIt's very rare for Junk Bonds to outperform High-quality bonds and unless you\nhave a actually competent guardian angel, don't go for them. So, mainly, what\nwe mean is, you might find useless people in life at times who seem to be\nirresistibly attractive and "useful," but junk people are junk and they will\nnot match the "high-quality" friends and family you already have.
\n\nUnless you rein the market, the situation applies to you.
\n\nFor instance: Most people get into a condition where they\nmeet a person who is spoiled to the core and then they consider an uncalled for\nresponsibility of getting this person on the right track. It seems very\nrighteous! But, beware! This spoiled one is a junk and you can never change\nhim. Enter into such relationships at your own perils and expect the nastiest!
\n\n2. Cost is Crucial
\n\nKnowing the cost of belongings you are buying is crucial for\ndecision making. An understanding of opportunity cost or cost and not just\nprice makes a decision prudent. Similarly, in life, nothing comes free and\neverything has a cost or opportunity cost related with it. Before you zero in\non something or someone in life, suppose all the available alternatives and\ncompare what each alternative would cost you in life. Here, the money might not\nbe dollars or pounds but it would be a compound of career, emotions, money,\naffection etc.
\n\n3. Return on Investments is realistic; so could be\nExpectations.
\n\nYou will get returns only on the base of what you have\ninvested and returns are always realistic. So should be your expectations,\ngeneral or monetary. If you want your prospect to be met, let them be\nrealistic. Good luck if you are an exception.
\n\n4. Maximize lifetime happiness
\n\nYou don't take your decisions based on just the present. Do\nyou? Future is significant consideration to make and it is so for life in\ngeneral outside economics as well.
\n\n5. Divorce is an\nEconomic Affair
\n\nYou know the difference between a good and a commodity. You\ncan buy a commodity from anyplace and you don't feel there's much to think\nwhile filling gas in your vehicle from a station different from where you\ngenerally fill it. But, if you are a loyal HTC fan, it may be hard for you to\ngo for Samsung or Nokia. HTC is a "good" in which you have invested your money,\nunderstanding, trust etc. Your life partner is similar to a "good." You have\ninvested, emotionally and monetarily, a lot in a 5-years-relationship than you\nhave invested in a casual hook-up. Breakups with partners are no big deal, but,\na divorce, on the other hand, is a big deal as the investment is too hard to\nignore.
\n\n6. Supply and Demand
\n\nThis is one of the most valuable lessons economics will\nteach you. You know the basic gist of the well-known principle which says that\nwhen supply increases but the demand remains constant, the "good" becomes less\nvaluable. So, essentially, this implies that if your availability in life\nincreases more than what people demand, your worth diminishes.
\n\nBe a little limited in your supply of accessibility and this\nmakes you maintain people's interest level in you!
\n\n7. The Economics of Love
\n\nThis concept is stunning. If you are in a loving\nrelationship, the returns are roughly proportional to devotion you invest and\nthe amount of time. More investment leads to more returns give the investment\nin being done in the right place. Invest more of yourself in a relationship and\nyou may get more love (Mind you, this applies only if you are investing your\nlove for right person!).
\n\n8. Long-term investment pays off
\n\nImpatient investment leads to long term investment and\nlong-term repentance leads to fruitful future. In real life, invest your\nemotions, love money, etc. on relationships that are meant to last long instead\nof impatiently investing your assets on a relationship of a day or two.
\n\n The ball is in your\ncourt now! Economics has taught you sufficient life lessons but implementing\nthem is what you have to do to build this preaching work for you. You can make economics\neasy with online education. There are various sites which provide online\ntutoring, textbook solution, assignment help etc.