Comments on: Seven Realizations That Have Improved My Life

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Tue, 03 Apr 2018 12:57:29 +0000

The sunk cost fallacy is something I have seen so many people held back by – the idea that you have to stick with a certain career or path or business just because it’s something you have been doing for so long. It prevents many people from making decisions that would improve their circumstances unfortunately. And I’m still working on embracing the “willingness to experiment and fail” mentality myself 🙂

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Tue, 03 Apr 2018 12:48:55 +0000

In reply to MrSLM. That's a great way to think about it. To me, it means being willing to change your mind when new information or opportunities present themselves.

By: Michelle @ HerdingDollars

Michelle @ HerdingDollars — Tue, 03 Apr 2018 09:34:29 +0000

“Being willing to pivot is a superpower” – I totally agree here. Part of this superpower is being able to get over the ‘sunk cost’ fallacy, so that you don’t continue on a trajectory you may not enjoy because of what you have already invested into it.

I also love your point about being willing to experiment and fail often, as each step gets you closer to success. As much as I ‘know’ this, I’m still working on embracing it!

By: MrSLM

MrSLM — Sat, 31 Mar 2018 18:41:26 +0000

I like pivot, we use that term a lot at work. To me, it implies a conscious decision and retaining control of the situation.

By: Ben

Ben — Sat, 31 Mar 2018 16:42:42 +0000

In reply to Zach @ Four Pillar Freedom.

Hi Zach,

I am of view that you should not reveal your identity until you achieve FIRE. My take is that employers will not take kindly to current employees or prospective candidates having such plans. This may reduce the promotion or employment aspect. No employer will want to give opportunities or pay raises for individuals who do not stay long.

My two cents worth of advices.

Ben

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Sat, 31 Mar 2018 14:08:31 +0000

In reply to Retire Before Dad. Hey RBD, thanks for the feedback. I plan to reveal my identity as well once I'm a bit further along in my financial journey. And it's awesome to hear that gratitude has had a positive impact on your life as well, it really is a serious life hack :)

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Sat, 31 Mar 2018 14:06:56 +0000

In reply to Lily | The Frugal Gene. Hahaha great analogy, I love it. It's true though, sometimes flailing can be the best way to get out of a pinch.

By: Lady Dividend

Lady Dividend — Sat, 31 Mar 2018 13:06:10 +0000

Be true to yourself, and be gentle in the process. We often have one way we think our life will work out, but that can change as we push for more happiness. Flexibility and curiosity in life mean it’s easier to enjoy each day or challenge!

By: Retire Before Dad

Retire Before Dad — Fri, 30 Mar 2018 14:54:12 +0000

Zach,
To your first point, I used to blog anonymously in part because I worried my employer would object. However, I started care less as more opportunities came my way. They never found out. But I was straightforward with my new employer who sees it as positive because it fosters curiosity and creativity which is important for overall well-being (which includes not hating your day job). Having gone through a recent unemployment period, I am much more grateful now. Being more grateful has dramatically improved my attitude at work and home.
-RBD

By: Lily | The Frugal Gene

Lily | The Frugal Gene — Fri, 30 Mar 2018 12:14:26 +0000

Pivoting is a good word to use, I have a similar idea. I’ve always used Flail. Like the Pokemon move…(not sure if anyone here plays…) It’s essentially when you’re struggling because it’s the only thing you can do to fight the tides. And it gets more powerful as you get into a tighter and tighter pinch making it a critical hit.