Spending all your savings today can hurt you tomorrow. Think long-term to avoid regrets.
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Similar ideas to Short-Term Thinking is Risky
Long-term thinking is difficult to put in action because the long run is a collection of short runs that have to be handled, displayed, and used as information to gauge whether a long-term reward still exists.
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Most of us imagine that we engage in some form of long-term thinking; after all, we have goals and plans. And basically we are in denial about this because it is hard to have perspective about our own decision-making process. The best way to overcome this is to recognize the clear signs of short ...
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