No Stupid Questions 29. How Do You Know When It’s Time to Quit?
Nov 29, 2020
Discover the delicate balance of knowing when to quit versus when to persevere, challenging the stigma around quitting. Dive into the complexities of decision-making with personal stories and research insights on opportunity costs and emotional factors. Explore the unpredictability of success in love and career, revealing that immediate satisfaction doesn't always lead to lasting happiness. Reflect on choices and myths that shape our perspectives, while engaging with thought-provoking metaphors about life's decisions.
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Grit vs. Quit
- Consider sunk costs but prioritize opportunity costs when deciding whether to quit.
- Visualize alternative paths and assess their potential for a better life.
Measuring Opportunity Cost
- Measuring progress is easier than measuring opportunity costs, which are often abstract.
- This difficulty leads people to undervalue opportunity cost.
Angela’s McKinsey Exit
- Angela Duckworth left McKinsey after 11 months to become a teacher.
- Getting engaged and consolidating finances made the decision easier.