I borrowed against my 401k to pay for my wedding because using retirement money for current happiness felt more real than saving for a distant future.
More people experience this than they realize.
The psychological reality of immediate experiences overwhelms abstract future benefits, leading to decisions that sacrifice long-term welfare for short-term satisfaction.
“Where Are You with Behavioral economics — biases in financial decisions?”
Peri can explain why this happens, help you decide if this is the right situation for you, and point toward the right journey or coach.
If this sounds familiar, the Library can help you find the bigger picture.