• Escaping the Sunken Cost Trap | The 7th Cents Podcast

  • May 5 2025
  • Length: 31 mins
  • Podcast

Escaping the Sunken Cost Trap | The 7th Cents Podcast

Listen for free

View show details

  • Summary

  • In this thought-provoking episode of The 7th Cents Podcast, hosts Mike Macklin (Money Mike) and Rob Lee Simmons (Coach RL) break down the sunken cost fallacy — and not just in your wallet, but in your relationships, careers, and everyday decisions.

    They explore:

    • What the sunken cost fallacy is and how it shows up in real life
    • Why we stay stuck in bad investments — emotional, financial, or otherwise
    • The mindset shift needed to walk away without guilt
    • How to recognize when you're holding on to something just because you've already “paid” for it
    • Actionable steps to reclaim your time, energy, and money

    💡 If you've ever said, “I've come this far, I can't quit now,” this episode is for you.

    👉 Subscribe for weekly game-changing conversations on money, mindset, and how to think different about success.

    #7thCentsPodcast #SunkenCostFallacy #MoneyMindset #EmotionalIntelligence #LetGoToGrow

    Support the show

    Follow Coach R.L. on all Social Platforms @coachrlsimmons and don't forget, Change Your Mind, Change Your Money, Change Your Life.

    Show More Show Less
Show More Show Less
activate_mytile_page_redirect_t1

What listeners say about Escaping the Sunken Cost Trap | The 7th Cents Podcast

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.