After Losing $1011.59, I'm Willing To Let Go

I recently made a decision that, years ago, I would have struggled with—I let go of five domain names I had been renewing since 2019.

Real.guru, Blogging.guru, Niche.guru, Promotion.guru, and Income.guru.

Each one was a one-word domain, which should have made them valuable. That was my thinking when I acquired them 5 years ago. But after years of holding onto them, paying $1,011.59 just to keep them active, I finally made the choice: I would let them go.

I only kept Income.guru because it may be useful with my MONEY: Present And Future book project. The rest? I had to face the truth: they were sitting there, costing me money, with no ROI in sight.

The Lesson: Learning to Cut Losses

This isn’t just about domain names. It’s about the psychology of letting go—and how it applies to business, investments, and even life.

We often hold onto things because:

✅ We believe they’ll become valuable someday.
✅ We’re emotionally attached because of how much effort (or money) we’ve invested.
✅ We don’t want to admit we made a bad decision.
✅ We will have the mindset of saying, “I’ll use them later on”.

But if something is not generating value or going to be materialized anytime soon, it’s just a cost.

And this isn’t just about assets like domain names. Think about:

🚨 Stocks or crypto you keep holding onto even when they continue to lose value, hoping they’ll “bounce back” one day.

🚨 A business idea you keep funding, despite clear signs it’s not working.

🚨 Even relationships or projects that drain your energy instead of helping you grow.

When we don’t let go, we carry unnecessary stress, frustration, and mental clutter. Worse, we miss out on other, better opportunities because we’re too focused on what’s not working.

It’s not just about the financial loss ($1,011.59). Holding onto things that don’t serve us costs us time, energy, and mental space.

Example: If you keep a failing business idea alive just because you’ve invested time and effort, you may be missing out on a better, more profitable opportunity.

A Common Investing Trap: The “Hope Strategy”

One classic example is how people invest in assets without a strategy—just hope.

For instance, some people buy volatile stocks or cryptocurrencies, believing it’ll rise in value. But instead of setting a clear investment strategy (like selling when it reaches a target price or diversifying), they just… keep buying more and waiting.

They’re not investing.

They’re hoarding.

And that “investment” is actually a cost—locking up capital with no clear ROI.

Successful investors don’t just buy. They know when to sell and move on. Or hold for long-term with an investing strategy.

Some things are worth holding onto if they have a clear strategy (like long-term investments or a well-planned business).

But hope alone is not a strategy.

Example: I kept Income.guru because I have a plan for it. The rest? I had no execution strategy. They have to go.

When acquiring an asset, you must also have the acumen to analyze its potential.

One-word domain names could be assets that I could resell to make profits. However, that would justify 5 years ago, but not now.

As of December 2024, approximately 1,591 top-level domain (TLD) extensions are available on the internet. This means that if someone could not obtain any of my .guru domain names, he would be fine with sourcing for another one-word domain with another domain extension.

My Advice: Adopt An Entrepreneurial’s Mindset

Success in business and investing isn’t about holding on to everything—it’s about moving strategically.

💡 Evaluate everything you’re holding onto right now. Are they really assets? Or just expenses disguised as potential?

💡 Remove what drains you. If it’s not contributing to your growth, consider cutting it.

💡 Be open to new opportunities. When you stop clinging to what’s not working, you’ll start seeing better options.

I’ve let go of five domains and freed myself from both the cost and the mental weight of keeping them.

What’s something you need to let go of in your life or business?

It’s easy to justify keeping things because of their potential. But potential means nothing without action.

Instead of asking, “What if this becomes valuable?”

Ask yourself, “What can I actively do to make something valuable today?”

When I made the decision to drop those domains, I also made a commitment to focus on what truly matters—projects with clear execution plans.

And that’s the real lesson.

You’ve let go of anything? Let me know in the comments.