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Real-Life Decision Making

Your friends admire your many wonderful ideas and tell you that you should consider becoming an inventor. You take up their advice and begin work on an idea for a rotating fridge shelf. It would stop people from ever having to reach into the back of their refrigerators.

It's such a great idea that you want to take it to the patent office and put it into production right away. You envision that the product could be sold around the world.

You talk to your friends about the idea and they seem to think it's a good one. But they're even more excited about a second idea you have for a new type of hair clip that makes it easy for women to french braid their hair. They're ecstatic about this simple device.

"You could start making those clips yourself and set up a production company very simply," one friend says. "I'd buy the first one."

"It would be cheap and easy to get the materials to make these clips," agrees another.

But what about the revolving fridge shelf? It might be a more expensive and more difficult plan to put into production, but isn't it the better idea?

What do you do?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.