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.
88 Defined Benefit Super Funds
87 Borrowing to Invest
86 Has your superfund been underperforming?
85 Financial Literacy & Personal Growth with Marion Mays of Thalia Stanley Group
84 Super - How much is enough?
83 Defence Force Finances with guest MilSpouse Money
82 Taboo Topics - Death Sex and Money
81 Death. Being Prepared Beyond Insurance.
80 Credit Scores - Do you know yours?
79 Tax Time - making the most of your refund
78 Super - Pay cut or Pay rise? + other changes
77 Upcoming changes to Income Protection you need to know now
76 FIRE - Financial Independence Retire Early
75 Dads and Dosh
74 Federal Budget: What's in it for you?
73 Investing in Property
72 Debt Recycling
71 Working with a Financial Adviser
70 Fully Funded Cars and Holidays for Life
69 How much should you really spend on a car
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