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This model is easy and clear cut. I use this method for a majority of decisions I make on a daily basis. What will it cost me? How will this decision benefit my long term goals? Does the benefit out weight the cost? Is the cost worth the benefit? All of these questions are relevant in modeling the Cost Benefit Analysis.
When I first decided to go back to school the cost seemed enormous. Due to bad decision making and slothfulness I found myself in quite a bit of financial trouble. Most of decisions I made in my youth involved very little critical thinking. My decisions were based on impulse and immediate gratification...
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