It’s one thing to spend so many hours making a decision between A and B. It’s another to stick to your choice just because you already invested so much into the choice you made.
But what if today, your reason for choosing one over the other does not make sense anymore? What are you going to do?
Are you going to stay just because you’re already “too invested” to back away and say, “It’s about time to choose the alternative.”?
I’d say, choose what’s best long-term.
If your choice doesn’t make sense now or until the coming years, then it’s time to do the switch.
However, in cases where switching is not a choice because there’s no alternative, it’s time to quit. But then, you might say, “What about all the years I have invested in it?”
What you’ve already spent in the past can’t be recouped. It’s a sunk cost. The choice you made is a gift you’ve given to your past self. As tempting as it is, do not give in to the idea that to make the most of your past decision, you’ll just stick to it until the end. Even if it means more losses.
I am not just talking about your finances. I am also talking about your personal life and decisions on switching careers.
To know more about sunk cost and sunk cost fallacy, check out this resource.
jessa 