Short-Term or Long-Term ?

          A boy graduating high school is faced with a huge decision that could change his life. Eighteen year old Eddie has always dreamed of being rich someday so he could live a luxurious lifestyle when he’s older. His mom has always wanted Eddie to go to college after high school so he could become successful one day, and for the longest time, he thought his path after high school was going to be college. Then Eddie's uncle’s friend asked Eddie if he wanted to go straight to work after graduation and work for his very large, successful company called Heat Kings. Eddie would earn $15 an hour working five days a week for six hours a day. Therefore he would be making a good income of approximately $450 a week. Eddie is very excited about this offer, because he has money on his mind so he could then do and buy things that he always wanted.

The college that Eddie was thinking of going to was Seneca. Tuition for enrollment for one year at Seneca is around $8,000 not including books and extra fees. So now Eddie is at a stump, he needs to make a decision between making a short-term decision and making money the fastest way possible, or think long-term and go to college and doing well so he could be more successful in the future. On one hand, he will lose four years of salary while he’s at school getting his degree; and on the other hand, he hopes to earn more during his career thanks to the four years of schooling.

As a result, after graduation, Eddie made the smartest and most beneficial decision to attend Seneca college for four years and achieve a business degree. He might be losing craved money now, but in the future, if all goes well, he’ll be grateful for this decision.The opportunity cost of Eddie going to school is sacrificing fast money.