Walk away if it’s not worth it: the real first step to getting it done
The concept of “sunk cost” is often lost outside of economics–but if we dropped more things from our lives we’d be happier and more productive with our time.
Sunk cost: When one makes a hopeless investment, one sometimes reasons: I can’t stop now, otherwise what I’ve invested so far will be lost. This is true, of course, but irrelevant to whether one should continue to invest in the project. Everything one has invested is lost regardless. If there is no hope for success in the future from the investment, then the fact that one has already lost a bundle should lead one to the conclusion that the rational thing to do is to withdraw from the project.
Filed under: 4-Hour Workweek, Productivity
Article Tags: 4-Hour Workweek, lifehack, Productivity
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