LT020 – Knowing When to Call It Quits

How do you know when to cut your losses and walk away from a relationship or a person?

It know it can be hard to even think about that sometimes.

However, before making a rash decision without thinking things through, there are really two major things I would ask that you understand ending a relationship.

First, is to understand your own personal values and standards. I mention this a little bit in this podcast, but I also mention it in episode 16 of this podcast as well.

Then if you are certain that a relationship or situation is unlikely to improve, it’s time to confront the other factor.

This second factor may actually end up locking you in place if you don’t fully understand it. It’s what’s called the “sunk cost” fallacy. And it says that if you have already devoted time or energy toward a particular thing (such as a relationship), then you are likely to feel as if you should continue to devote more time or energy toward it because you don’t want all your effort to be for nothing.

Of course this is also something that you can use to your advantage as well. I’ll give you some tips on how you can do that in this podcast as well.

Anyway, check out the podcast and, if you like it please go ahead and subscribe on iTunes 🙂