Seems like strange advice? As
much as we would like to believe that people are rational, they usually aren’t
when it comes to money and deferring gratification. “What makes us really want
to save? Self-actualization, says Jae Min Lee, a visiting scholar at the Ohio
State University. Lee’s research finds that saving is most motivated by our
search for personal fulfillment.” Lee reports it is more effective to focus on
specific personalized goals like a specific vacation destination or a
retirement home, rather than trying to reach a magic number like $1 million or
saving “as much as I can.” Get inspired at: https://www.mainstreet.com/article/for-retirement-or-any-savings-goal-try-being-lazy-and-self-centered
No comments:
Post a Comment