Psychology Behind Bad Money Decisions
Networth and Chill with Your Rich BFF
How to Avoid Present Bias
Present bias is essentially the psychological version of Drake's YOLO. It means humans tend to overvalue the present at the expense of the future. Anchoring bias shows up when you're paying off your credit card and a lot of credit card statements will suggest a minimum payment. You need to actually understand the psychological principles and become financially literate.
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