So i saw some dude asking people " do you want $150k now or two million in two years " are everyone is like, " il wait. " why? how you do guarantee does two million dollars?
why not take does $150k and but a house or land with it? the majority of people don't even have a home to live in, but am going to wait with zero guarantee, this is just like the social security thing, how do you know, even if you manage to reach the age and approved for it, that what you get is enough after inflation?
@RodrickSage - I hear a lot about "why can't people delay gratification?"
And there is a natural reason according to evolutionary psychology - the possibility of death.
We as humans, are hard-wired to have one unit of gratification today, over 5 units of gratification tomorrow, because of the greater than zero chance that we will die before we can collect on that.
That's why saving and planning better for the future, does not come naturally. 🍻
@RodrickSage @YoMomz Another problem most people know shit about investing.
Another problem is human greed. there is quote.
a bird in the hand is worth two in the bush.