Latest / Multifamily Collective Podcast
1,615 Avoiding the Sunk Cost Fallacy in Personal and Professional Life
In today's thought-provoking episode, Mike Brewer delves into the common trap of the sunk cost fallacy, particularly in personal and professional goal setting. Have you ever found yourself relentlessly pursuing a goal, only to realize it may not lead to a beneficial outcome? Mike shares three vital steps to re-evaluate your goals and distinguish effort from actual value. 🔹 First Step - Self-awareness about potentially unbeneficial goals. 🔹 Second Step - Questioning biases and potential outcomes. 🔹 Third Step - Separating effort from the real value of the goal. Reflect on your long-term goals…
The skinny
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