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Quitting as a Productivity Habit
Set clear metrics that will help you to know when to give up on an idea, a habit, or a process. Don’t quit when the going gets rough.
Quit because it’s the right, objective and logical thing to do after weighing your options. Quit because you have a better option and don’t want to waste your time and energy.
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Key Ideas
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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Key Ideas
What’s hard for human beings is letting go...
Motivate yourself. Quitting isn’t an end in and of itself; it’s a pathway to a new destination.
Make a plan that not only sets your new goal but anticipates possible setbacks and pitfalls along the way.
Prepare for the stress of transition. The best defence is knowing ahead of time how you’re likely to react.
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Key Ideas
It gives us the rare opportunity to ask ourselves if there anything in our lives that we should do more of, less of, start or stop.
It is a decision thinking technique developed by Brian...
Difficult decisions are mostly about weighing the long and short term values. Making objective decisions is difficult because we are biased towards short-term rewards and pre-existing beliefs.
Ask yourself, knowing what you know now, is there anything you are doing today that you wouldn't do again if you were able to?
Be willing to stop doing what no longer works. Sometimes it is best to cut your losses and try something else. Be prepared to take risks and understand the potential failure that goes with a new course of action.