Comments on: The 3 biggest obstacles to getting rich http://mindyourdecisions.com/blog/2007/10/25/why-good-personal-finance-ideas-fail/ Articles on game theory and personal finance Thu, 17 May 2012 07:10:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Presh http://mindyourdecisions.com/blog/2007/10/25/why-good-personal-finance-ideas-fail/comment-page-1/#comment-399 Presh Thu, 25 Oct 2007 20:45:40 +0000 http://mindyourdecisions.com/blog/2007/10/25/why-good-personal-finance-ideas-fail/#comment-399 @RohoMech: Excellent point. @RohoMech: Excellent point.

]]> By: RohoMech http://mindyourdecisions.com/blog/2007/10/25/why-good-personal-finance-ideas-fail/comment-page-1/#comment-396 RohoMech Thu, 25 Oct 2007 16:35:52 +0000 http://mindyourdecisions.com/blog/2007/10/25/why-good-personal-finance-ideas-fail/#comment-396 Surprisingly, your reasons apply to personal health as well, its hard to get started on a workout routine, especially if you're really out of shape (exercise will hurt at first), its very easy to skip those initial workouts, and its also pretty easy to ignore any ill-effects of not exercising. One additional reason is delayed consequences. If someone doesn't eat healthy and stay active, they don't really suffer until much later in life, years and years down the future. Same thing with bad financial choices, the impact doesn't happen until years later. This delayed impact can make it difficult to see what caused the problem, or worse, difficult to see that a problem even exists. Surprisingly, your reasons apply to personal health as well, its hard to get started on a workout routine, especially if you’re really out of shape (exercise will hurt at first), its very easy to skip those initial workouts, and its also pretty easy to ignore any ill-effects of not exercising.

One additional reason is delayed consequences. If someone doesn’t eat healthy and stay active, they don’t really suffer until much later in life, years and years down the future. Same thing with bad financial choices, the impact doesn’t happen until years later.

This delayed impact can make it difficult to see what caused the problem, or worse, difficult to see that a problem even exists.

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