“To help us understand quitting, we look at a couple of key economic concepts in this episode: sunk cost and opportunity cost. Sunk cost is about the past – it’s the time or money or sweat equity you’ve put into a job or relationship or a project, and which makes quitting hard. Opportunity cost is about the future. It means that for every hour or dollar you spend on one thing, you’re giving up the opportunity to spend that hour or dollar on something else – something that might make your life better. If only you weren’t so worried about the sunk cost. If only you could …. quit.”
From a post titled The best advice I ever received by Bob Borson …
“This has everything to do with you making someone elses life easier. You manage to do that on a consistent basis, people come to rely on you and know that you can be counted on. Eventually, you move beyond being the first choice and become the only choice.
The caveat to this advice is if you can’t follow through, you need to let someone know the instant you realize it.”
From Dr. Phil’s book titled Life Strategies …
“Get real with yourself about your life and everybody in it. Be truthful about what isn’t working in your life. Stop making excuses and start making results.
If you’re unwilling to acknowledge a thought, circumstance, problem, condition, behavior, or emotion–if you won’t take ownership of your role in a situation–then you cannot and will not change it.”
From Peter Bregman of the Havard Business Review Blog Network titled Arguing Is Pointless …
“Think about it. You and someone have an opposing view and you argue. You pretend to listen to what she’s saying but what you’re really doing is thinking about the weakness in her argument so you can disprove it. Or perhaps, if she’s debunked a previous point, you’re thinking of new counter-arguments. Or, maybe, you’ve made it personal: it’s not just her argument that’s the problem. It’s her. And everyone who agrees with her.
In some rare cases, you might think the argument has merit. What then? Do you change your mind? Probably not. Instead, you make a mental note that you need to investigate the issue more to uncover the right argument to prove the person wrong.”
From an article at SixWise.com called How to Most Effectively Pick Your Battles …
We’re all given a finite amount of time in a day, and it’s up to each of us to determine how to spend it. In relationships (with kids, with a spouse, and so on), we’re faced with many conflicts everyday, and you may be tempted to fight through each of these conflicts, to ensure you get your way, to prove that you’re “right,” or maybe just because you feel challenged. But most experts agree: choosing your battles wisely is a much better way of life than battling out every disagreement.
Although they may seem important at the time, most battles are NOT worth fighting.
According to Dr. Richard Carlson, author of Don’t Sweat the Small Stuff … and It’s All Small Stuff, “Often we allow ourselves to get all worked up about things that, upon closer examination, aren’t really that big a deal. We focus on little problems and concerns and blow them way out of proportion.”
It’s up to us to choose to either make a big deal or simply let it go, and, according to Dr. Carlson, if you learn to choose your battles wisely, you’ll be far more effective in winning those battles that truly are important to you.
Posted as a comment by Jack at Morality and Ideology …
I have an operational rule that I use in my own life. “Often wrong, but never in doubt.” I don’t mean that as a joke. In order to accomplish anything, you have to execute with confidence and certainty. On the other hand, you have to recognize that you will often be wrong. That means you must be willing to change. I know it is a paradox in theory, but it works in practice.
A quote from Laura Karet, an executive from Giant Eagle supermarket chain on CNBC’s documentary Supermarkets Inc: Inside a $500 Billion Money Machine Laura Karet
“We’re very fond of the term ‘search and reapply’. And actually something my grandfather used to say … you don’t have to be smart, you just have to know who to copy.”