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 — 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 — 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 “paid” for it
- Actionable steps to reclaim your time, energy, and money
💡 If you've ever said, “I've come this far, I can't quit now,” this episode is for you.
👉 Subscribe for weekly game-changing conversations on money, mindset, and how to think different about success.
#7thCentsPodcast #SunkenCostFallacy #MoneyMindset #EmotionalIntelligence #LetGoToGrow
Follow Coach R.L. on all Social Platforms @coachrlsimmons and don't forget, Change Your Mind, Change Your Money, Change Your Life.
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