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The Goat Business Media
Our channel is dedicated to providing insightful, empowering content across several key areas: business development, personal finance, military veterans' growth, and homeschooling.
Here, you'll find episodes from The GOAT Business podcast, The Greatness Academy Podcast, Veterans Growing America Podcast, The 7th Cents Podcast, and The Black Homeschools Media. Whether you're an entrepreneur looking to scale your business, a veteran navigating life after service, or a homeschooling parent seeking new resources and ideas, our content is designed to help you succeed.
Subscribe for expert advice, practical tips, and inspiring stories to elevate your personal and professional journey. Join us and be part of a community dedicated to growth, greatness, and making a lasting impact!
The Goat Business Media
Escaping the Sunken Cost Trap | The 7th Cents Podcast
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.
