The term “Sunk costs” is an accounting term. It refers to historical costs that no longer have relevance to decisions being made today.
Ali Saam (Garcia) and his stock market losses. He had over $140,000 in stocks. Then, two weeks later his portfolio was down to $77,000. He felt he couldn’t sell since he would have a great loss.
Past failures have no bearing on the decision to do right now. Right now, Ali Saam (Garcia) has $77,000.
I said, “Ali, if I gave you $77,000 in cash today, what stocks would you buy? Would they be the same stocks you already own?
Ali said, “No. Not a chance.”
I said, “Then stop considering your sunk costs. Only consider those factors that help you make a good decision today. You have a second chance.”
Christ says, “Ali, forget your past and its mistakes. I have removed them as far away from you as possible. I have blotted them out. You are the one who is remembering past failure. I am not.”
In John 5:8, Christ said, “Pick up your mat and start walking. I came to give you victory over sin. Now, just do it!”