By: Bruce Nault II - Blissful Place 🏝️ www.bplace.com    

Have you ever found yourself making decisions based on what you’ve already invested rather than what you want to achieve?

You’re not alone.

It’s a common trap we fall into called the “sunk cost fallacy,” where we let past decisions dictate our future choices. However, it’s important to remember that what’s behind us is already done and cannot be changed, but what’s in front of us can be shaped by the choices we make.

The sunk cost fallacy is when we continue to invest time, money, or energy into a decision that has already proven to be unwise.

We do this because we feel we have already invested too much to give up now.

The danger of the sunk cost fallacy is that it can lead us down a path that is not aligned with our goals. We can become so fixated on what we’ve already invested that we forget to consider what we want to achieve in the future.

This mindset can keep us stuck in a job we hate, a relationship that isn’t working, or a business that is failing.

To break free from the sunk cost fallacy, we need to shift our focus from what’s behind us to what’s in front of us.

We need to ask ourselves what we really want and what steps we need to take to get there.

We should evaluate our decisions based on their potential to help us reach our goals, not on what we’ve already invested.

The sunk cost fallacy can be a dangerous trap that prevents us from achieving our goals. It’s important to remember that what’s behind us is already done and cannot be changed, but what’s in front of us can be shaped by the choices we make.

Simply by shifting our focus from the past to the present and future, we can make decisions that align with our goals and lead us to success.

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