02. Sunk Cost Fallacy

The final episode is where I give little pieces of advice as a way to celebrate the end of this Podcast. Thank you for being on the ride with me.

Do you often feel like you're being watched or judged by others? Do you worry about what people might think of you or how you're perceived in social situations? If so, you're not alone. Many of us experience the spotlight effect, which is the tendency to overestimate how much others notice and care about our appearance, behaviour, or performance. In today's episode, we'll explore the psychology behind the spotlight effect, how it can affect our thoughts and behaviours, and why it's crucial to realize that "No one cares."

Today's topic is something that I believe is truly important in our fast-paced and comparison-driven world. It's about how everyone is on their timeline. We all achieve things at different points in our lives, and that doesn't make anyone better or worse than another. Life is a process, and what's best for us may need to happen later or earlier in life. It shapes us, and it's part of living.

Today we are diving into the topic of introspection and self-awareness. In this fast-paced world, we often find ourselves constantly on the move, always busy. But how often do we take the time to truly reflect on who we are? In today's episode, we will explore the importance of introspection, how it can benefit us in various aspects of our lives, and how we can use it as a tool to make better decisions.

Today's episode we'll discuss how to form habits. Habits are the secret sauce to achieving our goals and making positive life changes. But let's be real. Forming new habits can be a bit of a challenge. Don't worry, though. We have some awesome tips and strategies to share with you today to help you stick to those habits!

Today we will talk about the importance of tracking your life and how to do it meaningfully. Tracking your life can seem daunting, but it is essential for personal growth, development, and improving your quality of life.

Today, we will discuss the learning curve and how skill improvement is not always a smooth, upward trajectory. Spoiler alert: there are peaks, plateaus, and valleys, but understanding this can help you become a better learner and reach your goals.

When I heard the saying, "If it really matters, you'll make time for it." Something clicks in my mind. How often have we heard the phrase "I don't have time for that"? It's easy to use our busy schedules as an excuse for not doing things we want to do or not achieving our goals. However, the truth is that if something is truly important to us, we'll make time for it, no matter how busy we are.

You know that feeling when you see someone younger than you achieving amazing things or someone starting a million-dollar business in no time, and you're left wondering what's wrong with you. No, there's nothing wrong; Survivorship Bias may be the answer. Survivorship Bias is a cognitive bias that occurs when we only focus on the people or things that have succeeded while ignoring those that have failed. It's the tendency to draw conclusions based on a limited, often distorted sample of data. We're not given the full picture.

The Sunk Cost Fallacy is a cognitive bias where we continue to pour time, money, or resources into something simply because we've already invested in it, even if it no longer makes sense to do so. Essentially, we're wasting our efforts or, as they say, "digging ourselves into a deeper hole."