Is It Time to Move On?
Your World Within Podcast by Eddie Pinero
Eddie Pinero
4.9 • 585 Ratings
🗓️ 11 May 2020
⏱️ 6 minutes
🧾️ Download transcript
Summary
In this episode I discuss the difference between "quitting" and simply recognizing that it is time to move on.
While they appear to be similar concepts, the ability to differentiate between the two is essential.
Quitting is reflective of one's impatience. It is folding in the face of discomfort and, along the way, failing to maintain self-belief.
Moving on, or recognizing a sunk cost, on the other hand, is critical. It is determining that your actions no longer support your goal, or in some cases, that your goal has shifted entirely. It is not quitting because of the discomfort, but stopping because the action no longer ties into who you are or where you're going.
Just like the wake of the boat has no control over where it is headed next, yesterday's decisions do not dictate today's path.
After listening to this episode, you will be better equipped to cut away what doesn't serve you and pursue that which means the most.
Transcript
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| 0:00.0 | Welcome to Your World Within Daily. I'm Eddie Panero. And in this episode, I'm going to talk about |
| 0:06.3 | our tendency to shackle ourselves to decisions we made yesterday, when often the best decision |
| 0:12.9 | would be to simply move on. So what is the difference between quitting and a methodical decision to walk away or recognizing when something is no longer serving you? |
| 0:38.6 | Definitionally, I mean, you could argue they're the same, right? |
| 0:43.3 | To stop doing something is to quit. |
| 0:45.8 | In fact, let's look up the definition of to quit. |
| 0:52.7 | To quit, the definition is leave, usually permanently. |
| 0:58.7 | All right. |
| 0:59.0 | So you could look at those two words and say they are the same. |
| 1:03.3 | I am going to explain to you why I think they're vastly different |
| 1:07.4 | and how that differentiation has changed my life. It's changed my work. It's changed, |
| 1:15.3 | you know, my social life. It's transformed the way I look at the world. And that's no understatement. |
| 1:22.3 | Right. So let's start with to quit. And again, this is through my perspective. This is a way that's |
| 1:27.1 | kind of helped me. And so I'm going to share that with you. When I say to quit. And again, this is through my perspective. This is a way that's kind of helped me. |
| 1:28.5 | And so I'm going to share that with you. When I say to quit, I think of impatience. |
| 1:34.6 | When I think of quitting, I think of moving towards that goal or that thing you like, that |
| 1:40.6 | thing you want, that thing you care about, and saying, you know what, I'm not seeing |
| 1:47.1 | results. It's been a week, a month, and I don't feel like I'm getting anywhere. Quitting equals |
| 1:57.2 | impatience. It's a lack of trust, a lack of self-belief. That's how I see quitting. |
| 2:05.3 | On the other hand, a methodical decision to walk away, or what I'll refer to as a sunk cost, |
| 2:12.5 | and this is a financial term that I kind of hijacked here, a sunk cost refers to money that has already been spent |
| 2:18.8 | in which cannot be recovered. So it's like a business that's invested $5 million into some |
... |
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