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The thing is, to me (and the HN community), this seems blatantly wrong. Why do we need a psychological hack to motivate us, when we know what the optimal soluti
by dkokelley 16y ago
The thing is, to me (and the HN community), this seems blatantly wrong. Why do we need a psychological hack to motivate us, when we know what the optimal solution is?
However, the majority of people who are drowning in debt got there because they weren't looking for the optimal solutions to their cash flow problems. Seeing their debt snowball shrink (or grow, I guess) in measurable steps is what provides the motivation to proceed. And in reality, the difference between your highest and lowest interest rate is probably 15-20% or so. Not enough to make or break you (and if it is too much of a difference, you are probably on your way to bankruptcy anyways).
P.S. Think of the variable cost savings of stamps and bill paying time! </sarcasm>
- j_baker 16y agoPsychology is the science of the mind. I don't know about you, but I have a mind. Therefore psychology affects me. I know, I know. My being a member of HN should make me above psychology. But apparently it affects every human being. Annoying isn't it?
- dkokelley 16y agoNobody is above psychology, although it affects people differently. However, as a member of HN I would expect that you would be above psychological hacks (as in, you can think beyond them, and make decisions based on your own reasoning, rather than relying on them as a crutch).
- eru 16y agoAt least in terms of finance. People here may need tricks against procrastination, though.