Posts tagged ‘sunk cost’

Don’t Fall Into The Sunk Cost Trap (Episode 22)

Published: June 5, 2020 | Investing, Mindsetting, Personal Finance, Podcast | 1 Comment

Listen to Episode 22 Summary of Episode 22: A pizza story. (1:23) A sunk cost trap or a sunk cost fallacy when a person is failing to see the best outcome because they have a bias resulting from a previous or ongoing commitment. (3:05) Watch a FREE online financial coaching video: Visit imgwealthacademy.com An illustration […]

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A Surprising Money Lesson I Learned From An Anchovy Pizza

Updated: October 27, 2020 | General Information, Life Lessons, Mindsetting, Personal Finance | 7 Comments

Yesterday, I ate dinner with my parents at an Italian restaurant near our place. My dad ordered a Chicken Alfredo pasta, which he planned to eat all by himself. Meanwhile, my mom was particularly craving for Anchovy Pizza, but she’s afraid that she wouldn’t be able to finish one whole, and we can’t order just […]

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