Cognitive dissonance is a term in psychology where an individual experiences discomfort because they hold contradictory beliefs, ideas or values at the same time. Know more:
COGNITIVE dissonance is a term in psychology where an individual experiences discomfort because they hold contradictory beliefs, ideas or values at the same time.
To reduce the dissonance; that is, to make you feel less guilty about the situation, you try to justify your behavior. Interestingly, cognitive dissonance happens often when it comes to money habits. For example, most people believe that saving money is good. But ironically, not everyone has cash savings. People would rationalize this by claiming that their salary is just too low and they’ll just start saving when they get a salary increase.
It’s foolish to say that you don’t invest because you don’t know how to, when there are a lot of websites you can visit, books you can read, seminars you can attend and people whom you can learn from.You are reading this article, so you actually have the time to learn. More harshly, if you have time to watch television, then you definitely have time, but you probably just don’t want to.
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