1,615 Avoiding the Sunk Cost Fallacy in Personal and Professional Life

In today's thought-provoking episode, Mike Brewer delves into the common trap of the sunk cost fallacy, particularly in personal and professional goal setting.

Have you ever found yourself relentlessly pursuing a goal, only to realize it may not lead to a beneficial outcome?

Mike shares three vital steps to re-evaluate your goals and distinguish effort from actual value.

🔹 First Step - Self-awareness about potentially unbeneficial goals.
🔹 Second Step - Questioning biases and potential outcomes.
🔹 Third Step - Separating effort from the real value of the goal.

Reflect on your long-term goals, dating as far back in time or as recent as 2023, and reassess their value in your life.

It's time to make thoughtful decisions about what truly matters.

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