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Present Bias: Why It's So Hard to Give a Damn About Our Future Selves
blog.doist.com
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·14.7K reads
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Life is not about waiting for the storms to pass. It`s about learning how to dance in the rain.
The idea is part of this collection:
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We tend to choose a smaller, immediate reward over a larger reward in the future. For example, playing video games is more enjoyable than writing or coding or designing.
What you can do about it:
Some people are disciplined enough to manually set aside "leftover" money at the end of every month into a high-interest savings account. Others take the decision-making out of the equation and automate the entire process. Most banks have a feature that allows you to set up recurring transfers fr...
Give yourself a specific time frame.
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