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In this episode, we unpack the sunk cost fallacy, the mental trap that keeps people stuck in jobs, relationships, projects, and decisions simply because they've already invested so much time, money, or energy.
We explore why walking away can feel so hard, even when something is no longer working, and how identity, fear, loyalty, and past effort can cloud clear decision-making. Through personal stories and real-world examples, this episode helps you recognize when you're holding on for the wrong reasons and how to make better choices based on where you want to go next, not just what you've already spent.
If you've ever thought, "I can't leave now. I've already put too much into this," this conversation is for you.
Key Takeaways:
- What the sunk cost fallacy actually is - Why smart people stay stuck in the wrong things - How this shows up in careers, relationships, and personal goals - The role of identity, fear, and loyalty in bad decisions - Practical ways to break out of the trap - How to evaluate whether it's time to stay, pivot, or walk away
Timestamps:
1:35 – What the sunk cost fallacy actually means 2:35 – Real-life example: staying because of past investment 3:35 – Why people stay stuck in jobs they've outgrown 4:45 – How sunk cost shows up in more than just careers 5:30 – The personality patterns most affected by this trap 6:35 – Strategy #1: Set a decision deadline 7:30 – Strategy #2: The "Would I choose this today?" test 8:35 – Strategy #3: Calculate the cost of staying 9:45 – Strategy #4: Get an outside perspective 11:25 – Final thoughts and how to move forward
Loved this episode? Leave a comment below with what resonated most! Rate & review the show on Spotify & Apple Podcasts. It helps more big dreamers find us! Share this episode on your stories and tag Hannah! Slide into Hannah's DMs on Instagram or LinkedIn, she loves hearing from listeners!
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Gain Access to the free Career Confidence Course: https://www.hannahkissel.com/careerconfidence
The Truth About Imposter Syndrome: https://open.spotify.com/episode/129YgMPuJWGLQK5VB9CncR?si=a352646dfec6411a
Follow Hannah Kissel on Instagram: https://www.instagram.com/hannahmaekissel/
Connect with Hannah Kissel on LinkedIn: https://www.linkedin.com/in/hannahkissel/
Quiz: Discover Your Career Alignment Score: https://hannahkisselcareerquiz.scoreapp.com
#highperformer #sunkcostfallacy #careertransition #bigdreamer #workplaceadvice #careerdecision #hannahkissel
By Hannah KisselIn this episode, we unpack the sunk cost fallacy, the mental trap that keeps people stuck in jobs, relationships, projects, and decisions simply because they've already invested so much time, money, or energy.
We explore why walking away can feel so hard, even when something is no longer working, and how identity, fear, loyalty, and past effort can cloud clear decision-making. Through personal stories and real-world examples, this episode helps you recognize when you're holding on for the wrong reasons and how to make better choices based on where you want to go next, not just what you've already spent.
If you've ever thought, "I can't leave now. I've already put too much into this," this conversation is for you.
Key Takeaways:
- What the sunk cost fallacy actually is - Why smart people stay stuck in the wrong things - How this shows up in careers, relationships, and personal goals - The role of identity, fear, and loyalty in bad decisions - Practical ways to break out of the trap - How to evaluate whether it's time to stay, pivot, or walk away
Timestamps:
1:35 – What the sunk cost fallacy actually means 2:35 – Real-life example: staying because of past investment 3:35 – Why people stay stuck in jobs they've outgrown 4:45 – How sunk cost shows up in more than just careers 5:30 – The personality patterns most affected by this trap 6:35 – Strategy #1: Set a decision deadline 7:30 – Strategy #2: The "Would I choose this today?" test 8:35 – Strategy #3: Calculate the cost of staying 9:45 – Strategy #4: Get an outside perspective 11:25 – Final thoughts and how to move forward
Loved this episode? Leave a comment below with what resonated most! Rate & review the show on Spotify & Apple Podcasts. It helps more big dreamers find us! Share this episode on your stories and tag Hannah! Slide into Hannah's DMs on Instagram or LinkedIn, she loves hearing from listeners!
-------
Gain Access to the free Career Confidence Course: https://www.hannahkissel.com/careerconfidence
The Truth About Imposter Syndrome: https://open.spotify.com/episode/129YgMPuJWGLQK5VB9CncR?si=a352646dfec6411a
Follow Hannah Kissel on Instagram: https://www.instagram.com/hannahmaekissel/
Connect with Hannah Kissel on LinkedIn: https://www.linkedin.com/in/hannahkissel/
Quiz: Discover Your Career Alignment Score: https://hannahkisselcareerquiz.scoreapp.com
#highperformer #sunkcostfallacy #careertransition #bigdreamer #workplaceadvice #careerdecision #hannahkissel