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Hey, it's Marielle.
Have you ever found yourself toiling away at work,
feeling completely burnt out and thinking, you know, what if I just quit?
Could I do that?
Or maybe your work situation isn't dire, like it's fine, but you're ready for something new.
You want to try another kind of job or start your own business.
Or maybe you want to leave a marriage or move from your cold dreary home state to a tropical climate that also happens to be more expensive.
So often these callings feel impractical and out of reach.
And you might feel like, how could I leave something I've invested so much into?
This is called the sunk cost effect.
It's actually like behavioral economics.
And it's actually pretty dangerous because just because you've sunk some time.
energy and money into something doesn't mean that's the best thing for you to continue doing.
That's Jill Schlesinger, a business analyst at CBS News,
and author of the book The Great Money Reset.
She says if you're considering a reset, it helps to crunch the numbers.