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View Full Version : Immediate vs. deferred gratification


Steve
03-17-2008, 12:13 PM
How many people do you know have problems with saving money?

This is a fascinating article that discusses the issue. It seems all to often we want immediate vs. deferred gratification.

Have you ever found yourself trying to figure out which path you would choose and then later regret the decision you made when it came to this topic?

Can't save? Blame your brain (http://www.cnn.com/2008/LIVING/wayoflife/03/12/investors.psychology/index.html) - When you imagine choosing between making a quick buck or growing rich later, you know the right answer: Be patient and hold out for the bigger gain. But as soon as you face a real rather than an imaginary choice, the fast money seems irresistible.