the saying: “Winners never quit, and quitters never win.”
- What if quitting with intention can be a way to leap toward your goals?
- 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?”