Almost no popular self-help authors are going to have had the experience of pursuing a dream (like becoming an author) and not having it eventually work out.
Understanding reality means that you have to accept that some of your dreams won’t come true just because you work hard enough, be creative enough or go to enough seminars. Don’t base your decisions on a false model of reality.
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Sticking through things longer builds resilience. But sticking through on a bad idea, project or effort can lose you years of your life.
The goal is to increase your ability to susta...
They are pre-specified periods of time, effort or stress that you decide you’re willing to endure before you step back and re-evaluate.
The sunk cost fallacy is one of the primary reasons you are so afraid to quit anything. It occurs when you tell yourself that you can’t quit because of all the time or money you have ...
Sunk cost is about the past. Opportunity cost is about the future.
If you are scared to quit (which is absolutely natural), always think of the opportunity cost. Think of the brighter future, not the scary past, and often times that is enough to give you that extra push to make the right decision.
When you finally succeed, but you don’t have the health or someone to share the success with, the project might prove not be be worth it.
Take 5 minutes at the end of the week and reflect on what you have achieved versus what you had to give up to achieve it so you don’t end up giving up too much without even realizing it. Make this a habit.
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