What is the sunk cost fallacy?
The Sunk Cost Fallacy describes our tendency to follow through on an endeavor if we have already invested time, effort, or money into it, whether or not the current costs outweigh the benefits. It can be a big problem when we aren't aware of its impact on our decision to stick with versus abandon our plans when it comes to money, relationships or other key decisions in our lives.
In this episode we cover ways you can work through these challenges and detect these situations much earlier.
147 - Federal Budget - What it means for you
146 - Upcoming changes to Income Tax rates and Super and what it means for you
145 - Tiny Houses
144 - Finding Good Private Healthcare
143 Special News Update
142 Nigel's claim story
141 - Generating Income Through Your Home
140 - Accessing Equity Part 3 - Reverse Mortgages
139 Using Equity - part 2
138 - Using Equity
137 - 2023 Wrap Up
135 Black Friday Cyber Monday
134 - Debunking Bad Advice
133 - Scams & Horror stories
132 - Gift or Loan
131 - Achieving a Million dollars in Superannuation
130 - Super Splitting
129 - Decoding Your Superannuation Statement
128 - Budgets under Stress
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