LibraryScenariosWhen flashy investments distract from basic financial health
Scenario

When flashy investments distract from basic financial health

I have been paying the minimum on my credit cards for two years while investing in crypto because paying debt feels boring but trading feels like building wealth.

Zera
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More people experience this than they realize.

What we've seen

The psychological appeal of potential gains can override the mathematical certainty of debt reduction as the optimal financial strategy.

Ideas that help explain it
Worth thinking about

“Where Are You with Behavioral economics — biases in financial decisions?”

If this sounds familiar, the Library can help you find the bigger picture.