Posts tagged Considering The Future Self
In Their 20s and Saving for Retirement: How It Started, How It’s Going | The New York Times

By Elizabeth Harris

Three savers learned some important lessons early on.

When Dray Farley was 15, he watched a video his favorite gamer had posted on YouTube. But it wasn’t about Call of Duty.

“It was how to get rich in 22 years, and the general math and concept of compound interest, the snowball effect, and how eventually your gains are making gains,” Mr. Farley said. “And that’s what first got me thinking about retirement accounts.” Read more…

Should You Immerse Yourself in Bad News These Days or Ignore It Completely? | Scientific American

By Hal Hershfield

How can we possibly grapple with the onslaught of information about virus spread, stock market nosedives, canceled plans and uncertainty about the future? Some people wallow in the fear, anxiety and sadness, checking news sites and social media constantly. Others try to suppress it all and ignore the outside world (I’m guessing that Instagram has never seen so much traffic). Read more…

The Key To Saving More For Retirement: Using Your Imagination | Forbes

By Tim Maurer

The coronavirus is dominating our attention so pervasively in the present moment that the notion of retirement seems even more distant for savers. That’s understandable—natural, even. But it’s precisely our fixation on the present that causes us to struggle to follow through on our intentions to secure our future. Let me show you why. Read more…

How Much Leisure Time Do the Happiest People Have? | The Atlantic

By Joe Pinsker

Up and down the economic ladder, many Americans who work—and especially those raising kids—are pressed for time, wishing they had more of it to devote to leisure activities (or even just sleeping). At the same time, research has indicated that people who are busy tend to be happier than those who are idle, whether their busyness is purposeful or not.

Read more…

Why It’s So Hard to Put ‘Future You’ Ahead of ‘Present You’ | The New York Times

By Tim Herrera

I have this awful, corny joke I trot out whenever I’m glossing over details for future plans with friends or brushing off something I don’t want to deal with: “That’s Future Tim’s problem. Let that chump deal with it.” Poor, poor Future Tim. Constantly set up for failure by that jerk Past Tim. As Present Tim — who, ahem, is always on top of things — I can say that Past Tim isn’t bad. He’s just wired that way. And I’m sure as you’re reading this, a few instances come to mind of when Past You has, quite inconsiderably, set up Future You for failure. Why do we do this to ourselves? What makes us act against our own self-interest, even when we are acutely aware we’re doing so? Read more…