Day 407 || sunk cost fallacy: relationships I - podcast episode cover

Day 407 || sunk cost fallacy: relationships I

Mar 28, 20227 min
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Episode description

People seem to think because they have invested months or years of time into a person that they shouldn’t give up on the potential for them to change, when their current reality is miserable and undeniably better if they cut ties. 

I have heard countless friends justify staying too long bad relationships with “but we’ve been together for so long” or “I’ve put so many years into this,” or and “we’ve worked so hard at it,” or “We just have so much history” 

The key to not falling victim to the sunk cost fallacy is by being real with yourself about the reality of your current state and remember that ALL sunken costs cannot be recovered. Forget the past instead of dwelling on what used to be or how hard you worked, instead get real about the current costs and current benefits - and if the current costs aren’t outweighing the current benefits or looking like they’re going to realistically change in the foreseeable future, you gotta cut your losses. 

Remember as humans, we have a tendency to fear losses more than we expect gains - so we must keep that in mind when we find ourselves clinging to things that we’re far better off without. 

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