JUMPING ON THINGS THAT SUPPORT YOUR ARGUMENT AND IGNORING THINGS THAT DON'T
People who make bad money decisions can often rationalise them. They will jump on anything that supports their argument, and ignoring everything that doesn’t. In fact, I’ll go a step further and say when it comes to money, some of us have an astounding ability to lie to ourselves.
OVER-ESTIMATING YOUR ABILITY TO HAVE PREDICTED AN OUTCOME AFTER THE EVENT
New Year's resolutions often involve making promises to ourselves we can never keep. But instead fighting a battle you can't win, you can often get better results by just resolving to be less dumb in certain areas.
And money is a good place to start.