I was looking through an old notebook yesterday as I was packing up my apartment, and I found my notes from my senior year of high school. Talk about resourceful. I almost didn't believe it, I mean I have kept(and used) that thing for three years! Of course I had scribbled mindless notes and drawings on the paper that reminded me of what my senior year was like... I'm laughing just thinking about it.
Regardless, I remember being in Mr. Weinrich's AP Economics class and him explaining stagflation in this thunderous, doom-filled demeanor. That kept me interested, but I did not fully grasp the concept until most recently.
I was talking to my mom and I kept saying how I was scared that if I stayed in one place, I would become stagnant. I repeated this word in my head I'm not sure how many times before I made myself write it down in my journal and what it meant to me. For some reason, stagflation kept coming to mind. It really stuck with me for some reason, so I looked it up. Stagflation, by definition, is the persistent high inflation combined with high unemployment and stagnant demand in a country's economy. I had to shuffle those words around a little to understand that more clearly, but what I got out of it was that stagflation occurs when various facets of a whole do not compliment one another.
I know, that's kind of a 'huh?' statement, but this has meaning. I realized that I would become stagnant if I allowed one of these 'facets' to fall behind, or even worse, become a weakness. There is an opportunity cost with everything that I do. If you remember my post from a little over a week ago, I traveled over 10 hours for less than 10 minutes in that audition, but I may have gotten the job. There is an actual formula for this, where you calculate the difference ad divide and then subsequently this equation tells you whether or not to do or buy something. I know for myself, I would LOVE to have a simple math equation that tells me what to do with my life, but sadly, there will never be.
I know for me, moving to Boston and attending the Boston Conservatory was a major opportunity cost. I may have spent a lot more money than I had originally planned, but I gained things that are truly priceless. Just writing this made me think back to the insane adventures that I found myself taking part in over the last two years and the people and relationships that I get to cherish for the rest of my life. There is no formula or thing that can tell me what's to come and how to prepare, but my personal "economy" is not headed anywhere bad or scary like stagflation, and I've got several opportunity costs on my side.