The Goat Business Media

Escaping the Sunken Cost Trap | The 7th Cents Podcast


Listen Later

In this thought-provoking episode of The 7th Cents Podcast, hosts Mike Macklin (Money Mike) and Rob Lee Simmons (Coach RL) break down the sunken cost fallacy β€” and not just in your wallet, but in your relationships, careers, and everyday decisions.

They explore:

  • What the sunken cost fallacy is and how it shows up in real life
  • Why we stay stuck in bad investments β€” emotional, financial, or otherwise
  • The mindset shift needed to walk away without guilt
  • How to recognize when you're holding on to something just because you've already β€œpaid” for it
  • Actionable steps to reclaim your time, energy, and money

πŸ’‘ If you've ever said, β€œI've come this far, I can't quit now,” this episode is for you.

πŸ‘‰ Subscribe for weekly game-changing conversations on money, mindset, and how to think different about success.

#7thCentsPodcast #SunkenCostFallacy #MoneyMindset #EmotionalIntelligence #LetGoToGrow

Support the show

Follow Coach R.L. on all Social Platforms @coachrlsimmons and don't forget, Change Your Mind, Change Your Money, Change Your Life.

...more
View all episodesView all episodes
Download on the App Store

The Goat Business MediaBy Coach R.L. Simmons, Kalecia Simmons, Donnell Johns Sr., Michael Macklin