1,615 Avoiding the Sunk Cost Fallacy in Personal and Professional Life

In today's thought-provoking episode, Mike Brewer delves into the common trap of the sunk cost fallacy, particularly in personal and professional goal setting. Have you ever found yourself relentlessly pursuing a goal, only to realize it may not lead to a beneficial outcome? Mike shares three vital steps to re-evaluate your goals and distinguish effort from actual value. 🔹 First Step - Self-awareness about potentially unbeneficial goals. 🔹 Second Step - Questioning biases and potential outcomes. 🔹 Third Step - Separating effort from the real value of the goal. Reflect on your long-term goals, dating as far back in time or as recent as 2023, and reassess their value in your life. It's time to make thoughtful decisions about what truly matters. 🌐 For more insightful content on personal and professional development in the multifamily industry, visit MultifamilyCollective.com. 👍 If you found this video insightful, please like, subscribe, and share it with your community to help us spread valuable lessons on goal reassessment and personal growth. 🔔 Stay tuned for more engaging content, and don't forget to hit the bell icon for notifications on our latest uploads! #GoalSetting #SunkCostFallacy #PersonalGrowth #ProfessionalDevelopment #SelfAwareness #MultifamilyIndustry #MultifamilyCollective #MikeBrewer #2024Goals #LifeChoices#mikebrewer #multifamilycollective #multifamilymentoring #multifamilycoaching #multifamilypodcast #leadership #OpenAi