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.
48 How to Gamify your life with Peter Graham
47 Putting your Trust in Trusts
46 Finance 101 for teens
45 Divorce and Separation
44 Wills and Estate Planning
43 Tax Tips 2020
42 Convenience Food Comparisons with Kate Freeman
41 Free and Inexpensive Self Care Ideas
40 Investments - Shares & ETF's Part 2
39 Investing - Shares and ETF's
38 Career Focus - Women in Policing roles
37 $25,000 Home builder Grant
36 Credit cards v Afterpay v Interest free
35 Amber's Story
34 Redefining Retirement - Part 2
33 Redefining Retirement Part 1
32 Real Estate - Buying and Selling
31 Getting a Home Loan
30 Sanity Savers for ISO parents
29 Investment Bonds with Grant Hackett
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