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Why Politicians Suffer More
Politicians often struggle with delaying gratification due to their short-term focus. They face challenges in prioritizing long-term benefits over immediate gains. This is because the political system is designed in a way that discourages them from making sacrifices now for future gains, as many politicians will not be in office to reap those benefits. This short-sightedness is a barrier to making decisions that could lead to better long-term outcomes.
Watch more of this short video from The Many Ways Our Irrational Minds Sabotage Our Wealth | Dan Ariely, Behavioral Economist.
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IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.
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