NYT – Sometimes You Have to Quit to Get Ahead

https://www.nytimes.com/2018/06/05/smarter-living/knowing-when-to-quit.html

 

  •  the saying: “Winners never quit, and quitters never win.”
    • What if quitting with intention can be a way to leap toward your goals?
  •  “strategic quitting,”
    • free up more time, money and energy for the things that matter. 
  • winners are smart quitters who quit often, like when they realize their current path and decisions cannot get them any farther toward their goal
    • Cutting losses allows winners to reallocate their time and energy to the things that do continue to move them forward
  • better to start the things that you know you have the resources to finish
  • trying to do and cling to too many things cannibalizes our precious limited resources
  • One of those costs is time, which we tend to falsely believe we’ll magically have more of in the vague future
  • Quitting is even harder to justify because of the sunk cost of investing our time, energy and resources into something
    • American Psychological Association pegged it on our overgeneralization of the “don’t waste” rule
    • refusing to abandon those investments can be costly
    • every moment you double down on something that’s not working out, you are forgoing other potentially valuable opportunities.
  • “The right way to look at sunk cost is to say, ‘I got a gift from my other self, my old self,’
    • whatever you’re quitting is a gift from your former self
  • Perseverance toward no beneficial long-term aim becomes a liability when you make yourself or others miserable
  • It’s an issue of ego or self-esteem because we believe that we want to be a success, and in our eyes, quitting is a type of failure,” 
  • quitting at the right time is difficult
  • how do you know when to grind out your goal and when to quit it and pivot?
    • pretend you are giving advice to a good friend or family member 
    • “We tend to be wiser and more supportive for others than we are to ourselves,”
  • The worst time to quit something is actually when you feel the most pain
  • take your ego out of the picture. When you focus on protecting your ego, you focus on the wrong questions, like “Am I a failure?” or “Am I good enough?”
    • Instead, ask yourself: “What do I need for me to be happy?” or “What’s good for me?”

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