Cutting your losses

How do you choose when you’ve had enough and decide to cut your losses?

Cutting your losses is a decision-making process when you finally acknowledge that your investment of time, money or effort is not going to yield positive results. Many people decide to power through and there is some virtue in doing that but taking hours out of your life deciding to change direction is often well worth it.

I once used a computer program that carried the message: “Repeatedly hitting the ‘Enter’ key will restart the process and increase the delay.” Impatience often leads to cutting losses.

We stopped at a C...