Why Nothing Is Really Wasted When You Cut Your Losses And Move On

cut your losses

The saying that quitters never win and winners never quit isn’t always true. Quitting doesn’t necessarily mean that you’re giving up the fight. Sometimes, it means that you are brave enough to leave your current situation and begin a new one that could potentially bring you happiness and a promising future.

Deciding when to cut your losses and move on is probably the hardest thing to do, but when do you know it’s time to quit?

When your priorities change and you need to shift your focus on other things, QUIT.

Life happens, and when it does, it’s usually something that would make you rethink about your current life situation. It could be something unexpected or an event that warrants your immediate and undivided attention. When your priorities change, you’ll realize that what you have to gain is more important than what you are about to lose. It’s when the long-term cost outweighs the short-term benefits.

When it no longer brings you happiness, why prolong the agony? QUIT.

Life is too short to stay in a situation that makes you feel miserable. If you don’t have the power to change it, you can always change the way you look at it. Be proactive. Quit, accept change, and explore the unfamiliar. Don’t let anything or anyone stop you from finding your true happiness.

When your current job doesn’t offer you any more growth opportunities that you dread every minute of it, QUIT.

Look for a company that will appreciate your talents, and can give you room for growth and self-improvement. If not, you can always look for other job opportunities or make a career out of something that you are really passionate about.

When you are dirt poor because you’ve invested all of your life savings and deep in debt trying to bring your business back to life, QUIT.

Capital loss is one thing, but investing all of your hard-earned money and then borrowing some to put in a business venture is just dumb. How much more are you willing to spend? Quit now and start digging yourself out of debt. Think of another business venture that would click, and plan it carefully. Seek advice if you need it.

When you think you’ve reached the dead-end of your relationship, QUIT.

Romantic or friendly, there are millions of reasons why a relationship may fail. You can try and salvage it, but when you reach the dead-end, it’s irreparable. Don’t get hellbent on trying to fix it that you end up hurting yourself more. Just let it go, cut your losses, and move on.

When you believe you have done everything humanly possible and have exhausted all of your efforts in trying to make something work, QUIT.

Think of sunk cost vs. opportunity cost. These are Economic terms that are also very useful in every decision making.

Sunk costs are all the physical and emotional resources you’ve invested into something that you cannot get back out. It’s the time you’ve wasted waiting for the guy you are dating to finally commit. It’s the money and effort you’ve put into a project or business venture that isn’t going anywhere. It’s the blood, sweat and tears you’ve shed working your ass off for a promotion that you’re never going to get. It’s the mini heartbreaks you feel when you think about all the memories you’ve shared with a friend who betrayed you.

No matter how much you want to hang on to those investments – hoping to get at least half of it returned to you, you’re never going to get it back. You’ll end up losing more money, wasting more time and energy, and missing out on more opportunities. Sure, you got that far. Why quit now? Well, Are you willing to lose more of what you have already lost? Quitting is not equivalent to failing. It’s a hard concept to grasp, but sometimes, it’s the only way to move forward.

Opportunity cost, in Economics, is the best alternative course to take after you have given up the other equally important option. Simply put, it’s the next big thing to look forward to. It’s another shot at life and love.

Life is hard. Choose your battles wisely, for it is the only way to survive. If you fail the first time, you can always try again. Try and try until you feel like it’s not worth it anymore. Hey, what doesn’t kill you only makes you stronger! That’s why nothing is really wasted when you cut your losses and move on.

You will gain things that are of immeasurable value. Probably more valuable than all your investments put together. You’ll acquire relevant experiences, learn useful life lessons, practice perseverance and test your limits. You will discover more positive things about yourself and the wisdom to do things differently the next time.

So free yourself from the chains that are holding you back. Quit now and take a giant leap of faith. You are strong and battle tested. You are now ready to take on new challenges. You have a chance to better yourself, and welcome new opportunities that may come your way. The future is yours for the taking. Good Luck!

photo: flickr