Economic Profit vs Accounting Profit

You are calculating your profits completely wrong. You look at your bank account and

see cash flow, but economists see what you gave up to get there. It is called economic

profit versus accounting profit. If you quit a job paying a hundred grand to start a

bakery that nets you fifty, an accountant says you are profitable, but an economist

knows you actually lost fifty grand. That is your implicit cost. Real success isn't

just covering your bills, it is beating what you could have earned doing literally

anything else. Don't just count your cash, count your opportunities.