Your World Within Podcast by Eddie Pinero - Is It Time to Move On?

Episode Date: May 11, 2020

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.    

Welcome to Your World Within Daily. I'm Eddie Panero. And in this episode, I'm going to talk about our tendency to shackle ourselves to decisions we made yesterday, when often the best decision 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? I definitionally, I mean, you could argue they're the same, right? To stop doing something is to quit.

In fact, let's look up the definition of to quit. To quit, the definition is leave, usually permanently. All right. So you could look at those two words and say they are the same. I am going to explain to you why I think they're vastly different. and how that differentiation has changed my life. It's changed my work. It's changed my social life.

It's transformed the way I look at the world. And that's no understatement. Right. So let's start with to quit. And again, this is through my perspective. This is a way that's kind of helped me. And so I'm going to share that with you. When I say to quit, I think of impatience.

When I think of quitting, I think of moving to, towards that goal or that thing you like, that thing you want, that thing you care about, and saying, you know what, I'm not seeing results. It's been a week, a month, and I don't feel like I'm getting anywhere. Quitting equals impatience. It's a lack of trust, a lack of self-belief. That's how I see quitting. on the other hand, a methodical decision to walk away or what I'll refer to as a sunk cost.

And this is a financial term that I kind of hijacked here. A sunk cost refers to money that has already been spent in which cannot be recovered. So it's like a business that's invested $5 million into some initiative. It's not working, but they keep spending time and energy onto it or into it because, look, we've already spent this much time. We can't let it go. So it ends up being even bigger drain. If quitting is impatience, recognizing a sunk cost is wisdom. Because it's recognizing that the little steps you're taking, the little actions you're taking,

they no longer align with that big picture. It's not impatience. It's a strategic mental shift. And being able to differentiate the two is huge. You have to ask yourself that. Am I impatient? Do I want to stop because I'm not seeing results? Do I want to stop because it's uncomfortable?

Or do I need to stop because this is no longer who I am? Am I doing this just because I invested time and energy? Am I doing this because it's how I identify myself? It's who I was yesterday. Therefore, I feel like it needs to be who I am today. Right? They're two very different questions. And I'll keep this short and I'll keep this sweet.

But when we're talking about life, you know, being improved by a sense of awareness, understanding what's important to you and asking yourself whether those actions line up, there's a big difference between quitting because you're impatient, quitting because you're not seeing results, quitting because it's uncomfortable, and moving on because you're not. you're looking around and saying, you know what, these things don't align with who I am and what I'm trying to do. You don't need to continue doing something just because you did it yesterday. You don't need to eat the whole pizza just because you ordered it. Sometimes the value is greater in getting

rid of the rest of the pie. Just because it's in front of you, you're not shackled to it. That's an important point, and that's where I'll leave it today. Remember, the wake of the boat does not drive the boat, right? The trail in the water that it leaves behind, no bearing on where it's going. Who you were yesterday, the time you invested yesterday, the energy you invested yesterday, none of that matters if it doesn't align with where you want to go. It's the guy or the girl holding the wheel that determines everything. Every day is a fresh start, and that needs to be ingrained into your decision making. Where do you want to go and what are you doing to get there? Not what you have to do, not what should you do, not what did you do yesterday. What did you invest

resources in? Nope. If you have to let that go, let that go. Because on this Monday, this 11th day of May 2020, you are bound by nothing. Remember that. All right. Have an amazing start to the week. Thanks for listening. If you enjoy this, please take a second. Subscribe, rate, comment. Helps me get it out to the world and means a lot. I will catch you guys tomorrow.