The problem with changing your mind, pivoting from one direction to the next, there is a massive chasm you must cross.
Are you willing to admit that dumping your life saving into Doge coin wasn’t a good idea?
Are you willing to say after 10 years of medical school you don’t want to be a doctor?
The choice can be painful. You have your fragile ego whispering you don’t want to embarrass yourself in front of your friends or family. You have another part of you recognizing the consequences of betting on the wrong decision.
If you are like most people, when we don’t know what to do we end up procrastinating. Effectively, making the sunk cost even grater.
Performing life saving surgery is great but it doesn’t change the fact you don’t like the site of blood.
While there is no easy way around financial implications–and you certainly can’t get your time and energy back (that is spent)–you can say, “Knowing what I know now, I can make a new decision.”
That is the power of knowledge and experience. You didn’t know back then and it was always a possibility things could go wrong or not work out. It wasn’t a sure thing to begin with. There is always a risk in every decision.
It’s not always a bad thing either. People find a new faith all the time. Yet, they met their spouse, had kids, spent time, money under one assumption…and now they believe something different.
The difference we have to ask ourselves is, Are you happy where you landed?
Losing your 401K at Vegas, that’s often rock bottom. Knowing what you know now, however, you can make a change.
If you are happy about the person you are today, you rarely regret the decisions you have made along the way that led you here.