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Hyperbolic Discounting: Don't Discount Your Future!-Building Your Ideal Future One Piece At a Time
Published on:
1st May, 2023
- We may gravitate towards short-term rewards, but this tendency (known as hyperbolic discounting) can adversely influence our ability to achieve long-term goals.
- Changing our mindset and viewing our future selves as part of our current self can help us to prioritize those long-term objectives.
- To make progress, we must actively choose the harder options that will bring about greater rewards in time.
- Small changes can make a big difference: saving money or taking a walk each day are simple steps that ultimately add up to a huge impact.
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