Behavioral economists refer to this concept “time inconsistency” because when we think about the future we want to make choices that lead to long-term benefits (“Yes, I’ll save more!”), but when we think about today, we want to make choices that lead to short-term benefits (“I’ll spend it right now.”).
I like to call this the Present You vs. Future You problem. Future You knows you should do things that lead to the highest benefit in the long-term, but Present You tends to overvalue things that lead to immediate benefit right now.Read more in James Clear.
Also thought this Paul Graham quote was memorable: “We’ll increasingly be defined by what we say no to.”
