On today’s episode, we'll explore how this disconnect, along with concepts like temporal discounting and loss aversion, can impact your spending habits now and in retirement.
Topics Discussed:
- How people often struggle when planning for retirement.
- A study on how we think about our future selves and how it affects our savings and finances.
- How to avoid financial dysmorphia.
- Why it helps to explain the disconnect between who we are now and how we see ourselves in the future.
- Common mindsets in retirement and what is truly important in order to have a good relationship with your finances.
- Why we often recommend a phased retirement approach.
Resources Mentioned:
Tags:
financial habits, financial decisions, future self, self perception, finances, temporal discounting, loss aversion, spending, saving, retirement planning, saving for retirement, emergency medicine, ER doc, ER doctor,
