“Don’t throw good money after bad.”

The first time I remember hearing that was as a teenager. It was my Dad that said it, and we were leaning into the open engine compartment of my dilapidated car.

The sunk cost fallacy. It has a strong pull.

Just a little more. It’s cheaper to fix it. If I stop now, it will all have been for nothing. Which more than likely is, I’m emotionally attached, I don’t want to change, or I don’t want to be wrong.

Don’t throw good money after bad is sage advice if it comes from the right source. Salespeople will use it to get you into the newest, fancier, best for them, but your Dad wants what’s best for you.

Don’t throw good money after bad.

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