#2152: Freeing Yourself From The Sunk Cost Fallacy

Everyone can fall into the trap of the Sunk Cost Fallacy. Today we define what this is, and we talk about how to walk away in strength if a situation is no longer serving you.

Show Notes:

[09:54]#1 Just because you’ve invested time and money on something doesn’t mean you have to continue investing your resources on it, even if it doesn’t work.
[18:20]#2 Competing or finishing something that’s not helping you will not make it start helping you.
[21:21]#3 The most successful people implement fast and have a method of measuring the results of their work, make decisions fast and have a quick trigger to push the delete button.
[25:19] Recap

Episodes Mentioned:
1662: When To Walk Away In Strength http://dreallday.com/1662-
2133: Implementation Over Invention http://dreallday.com/2133-
1560: Relentless Implementation http://dreallday.com/1560-
1445: Why You Need To Implement With Speed http://dreallday.com/1445-
1392: Fast Implementation: A REQUIREMENT http://dreallday.com/1392-

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