I used my entire stimulus check to pay down debt instead of investing it because debt feels scary even though my interest rate is lower than market returns.
More people experience this than they realize.
The psychological burden of owing money can drive suboptimal capital allocation decisions that prioritize emotional relief over mathematical optimization.
“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.