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When to Quit | Scott H Young

Experiential Based Thinking

Instead of judging whether or not you should quit pursuing your dream based on your chances of success you ask a different question. Would I like to experience building a business from the ground up?

In this perspective goals merely guide your travels through interesting waters. By taking up this mindset the question of whether you will fulfill your dream becomes irrelevant.

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When to Quit | Scott H Young

When to Quit | Scott H Young

https://www.scotthyoung.com/blog/2006/10/15/when-to-quit/

scotthyoung.com

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Key Ideas

Reality Check

All efforts towards correctly pursuing your own personal development must take into account reality, not how you think the world should work. The truth is reality isn’t fair and just trying your best towards your dream doesn’t always cut it.

Success Bias

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.

Outcome Based Thinking

When pursuing a dream you have the underlying assumption that when you reach it you will be happy. That is false. 

Achieving goals doesn’t make you happy because achievements on their own hold no lasting emotional value. Only growth, fulfilment and passion has value.

Experiential Based Thinking

Instead of judging whether or not you should quit pursuing your dream based on your chances of success you ask a different question. Would I like to experience building a business from the ground up?

In this perspective goals merely guide your travels through interesting waters. By taking up this mindset the question of whether you will fulfill your dream becomes irrelevant.

When to Quit

Quit when you have an alternative path that will give you more growth, passion and fulfillment. 

If a new experience will be better, then switch to that. There is no shame in leaving a path that has become barren.

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  • Based on impact to other areas of your life. You can choose metrics like: time and how those things impact your life.
Why you are afraid of quitting

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 ...

Overcome the fear of quitting

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.

Long-term cost outweighs short-term benefits

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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Quitting is underrated

Successful people quit (or proactively adjust) a lot more often than people who aren’t successful. They stay flexible and open to new ideas or opportunities or ways of getting things done.

But never quit something with great long-term potential just because you can’t deal with the stress at the moment

“Instead of continually trying to force yourself to do things you don’t want to do, let them go. Without the emotional weight and mental clutter of keeping things on your agenda that don’t absolutely need to be there, you’re much freer to rapidly move forward on what you really do want and need to get done.”

“Instead of continually trying to force yourself to do things you don’t want to do, let them go. Without the emotional weight and mental clutter of keeping things on your agenda that don’t absolutely need to be there, you’re much freer to rapidly move forward on what you really do want and need to get done.”

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