Have you ever heard of the sunk cost principle? It is business terminology that refers to how much time, money and resources one has invested that can no longer be recovered. It’s gone, baby, and there’s nothing you can do about it. So move on.
According to a University of Scranton, research found that just 8 percent of individuals actually achieve their New Year’s goals. The study showed that our brains are unable to process large lists, therefore making them counter-productive to our accomplishments. When you begin making an extremely long list, a Forbes article states that attempting to always knock the ball out of the park can be “psychologically daunting.”
Journalist and author of Mind Over Mind suggest keeping resolution lists shorter. While we’re still have more than half a year to go to reach Jan. 1, it is for certain that we all have at least one goal we’d like to have come to fruition next year. There is nothing wrong with having a dozen or so goals on your “to do list,” but have you reached a point where you feel like throwing in the towel? Read the rest of this entry »