Hey everyone, and welcome back to Hope Not a Plan podcast, I am your Host Kevin Pannell. Today we're tackling a tricky mental hurdle that can trip us up in both big and small decisions: the sunk cost fallacy.

Sunk costs are exactly that – sunk. They're gone. Dwelling on them clouds our judgment and keeps us from making the best choices moving forward. So, how do we break free from the sunk cost fallacy and make smarter decisions? Tune into this episode to find out how you can:

• Focus on the Future, Not the Past
• Separate Emotions from Logic
• Embrace the Power of "Cutting Your Losses"
• Reframe Your Perspective

Thanks for joining me on this exploration of the sunk cost fallacy. By recognizing this mental trap, we can make choices based on what's truly best for us, not just the time or money we've already invested. Now, go out there and make some sunk-cost-free decisions! Until next time, keep hoping, but also keep planning!

Stay safe out there, know that hope ignites and that action transforms, and I wish you all, Godspeed,

Kevin