The Present Bias: What You Can Do About It - Deepstash

The Present Bias: What You Can Do About It

  • Help out your future self. For example, if you have a hard time saving money, automate your savings withdrawals every month so it happens without you having to think about it.
  • Find ways to make the “right” thing a little more pleasant. Seek out a form of exercise you actually enjoy.
  • Reframe how you think about rewards. When it comes to accomplishing goals, research shows that enjoying the process is a far better predictor of success than desiring the long-term outcome.
  • Imagine your future self. At the beginning of every day, imagine yourself completely satisfied at the end of the day. What one thing have you accomplished?

1.11K

5.65K reads

CURATED FROM

IDEAS CURATED BY

brarh

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:

How to Be Happy

Learn more about personaldevelopment with this collection

How to find purpose and meaning in life

How to cultivate gratitude

Techniques for managing negative thoughts

Related collections

Similar ideas to The Present Bias: What You Can Do About It

Present Bias

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:

  • Help your future self...

How to follow through with saving up an emergency plan

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...

When do you want it?

Give yourself a specific time frame.

Deciding in advance when you will do what you say you will is called setting an implementation intention , and studies have found that it’s a critical step in accomplishing your goals. To ...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates