The Importance of Flexibility in Financial Planning

Eric Schmitz: Are we really bad at realizing that our priorities are going to change? He says humans cannot put themselves in their future selves' bodies and be empathetic about the future self. So if you just set yourself in stone in your mind, he says, you're setting yourself up for failure.Schmitz: You don't want to create a lot of one-way doors for yourself in your financial decisions.