If you have 2 loans to pay off, at 5% and 10%, in general you pay off the higher-rate loan as fast as possible while making min payments on the lower-rate loan. But if the lower-rate loan has like $20 left on it and the higher rate one has $20k, you should just pay it off.
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I do tend to unconsciously do this. The costs of keeping a project alive, both concrete and intangible mental load, are so high for me, that it makes sense to ship earlier than necessary or optimal just to shut down the maintenance transaction costs of keeping it alive.
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The only time I *don't* do this is when I'm unconsciously scared of the outcome of actually shipping (success/failure, criticism etc). The trigger moment is a step up in irreversible outcome risk, so there's a temptation to hold on when it would be better and cheaper to just ship
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I guess this part is just a restatement of fail fast/release-early-release-often philosophy. But the internal "carrying cost" burden is an additional distinct reason to RERO.
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A useful view is the "Sunk Cost Principle (PPDF E17 p51). If you are 99% complete on a project, you only consider the money you have not yet spent. Therefore, the payoff on the last 1% is 100x the original payoff. Competing projects need very high returns to compete with this.
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True for every long-form note I’ve ever written.
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RESIST, BEN! spend that 10% adding an allegorical introduction about contemporary Peruvian farming customs, the history of the stethoscope, or the true meaning of Christmas. pleeeeeeeeease
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there may be incentive but honestly that is a moment when i am often beset by procrastination. then somewhat later, i do hold my nose and scramble to finish it. ?
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It's like going down a hill you just bicycled up.
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