In the field of Economics, one of the first things that you learn is that resources are scarce. Now, that doesn’t necessarily mean there is little of it. There many things that there are almost unlimited quantities of. Almost.
But the one thing there is never an unlimited quantity of is your time.
Even with all the money in the world, you can never buy enough time to do everything you want.
Opportunity cost is what you sacrifice in order to be able to do something with your limited time. You can’t go out and study at the same time. You can’t join all the clubs. You can’t have the convenience of fast food and be healthy. You can’t please everyone. You have to choose. There are rarely times you can have your cake and eat it too.
On top of that, there isn’t an unlimited amount of you. Whenever you are stretched too thin, you’ll find yourself with a large quantity of things, but without enough time or money to develop quality.
You can know a little about a lot of things, or a lot about a few things. You can have lot’s of friends that are really just acquaintances or you could invest time in cultivating good, longer lasting friendships. You can help make a tiny impact on many people, or a change the life of a few people.
Neither is really wrong. By prioritizing what is important to you can discover for yourself which is better for you. Whichever you decide, quantity or quality, can be adapted in different situations; course, friends, clothes, food, skills, activities, to suit you. Sometimes it’s quantity that’s better, sometimes it’s quality.
When it comes to buying things, having stuff, minimalism is about definitely about quality over quantity. More wholesome and nutritious food over vast quantities of junk. More high quality, versatile and longer-lasting clothes/furniture/equipment over cheap and disposable stuff.
If you really want to get things done properly, you have to prioritize – choose what you want the most, because you can’t do them all, and it would be a shame if it was because of that you ended up not doing anything at all.
On that note, I’m prioritizing writing for Minimal Student as part of my Five Focus of 2011. This year, I’m aiming to publish more frequent, shorter posts like this one, tell me what you think! You can also follow my Twitter which I now update daily with what I’m up to, minimalist tips and awesome links.