We all know the saying – don’t throw good money after bad…
Yet we still do it time and time again.
A sunk cost is callled this for a reason – if the ship has sunk you not sailing on it again.
So often we make silly decisions when it comes to spending money. It is either pride or ego or maybe in some cases stupidity.
People don’t like losing money – yet we are happy to continue pumping more and more of it into a lost cause.
The lesson today is if you made a mistake and you think it’s a mistake: it is a mistake.
Save your money for a rainy day (two puns in the same post – no Brett!)
It is one of the hardest things to do – but in order to continue on a path of success it’s a lesson you need to learn, no, master.
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