Daniel Goldstein: The battle between your present and future self

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  • เผยแพร่เมื่อ 20 ธ.ค. 2011
  • www.ted.com Every day, we make decisions that have good or bad consequences for our future selves. (Can I skip flossing just this one time?) Daniel Goldstein makes tools that help us imagine ourselves over time, so that we make smart choices for Future Us.
    TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes. Featured speakers have included Al Gore on climate change, Philippe Starck on design, Jill Bolte Taylor on observing her own stroke, Nicholas Negroponte on One Laptop per Child, Jane Goodall on chimpanzees, Bill Gates on malaria and mosquitoes, Pattie Maes on the "Sixth Sense" wearable tech, and "Lost" producer JJ Abrams on the allure of mystery. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts. Closed captions and translated subtitles in a variety of languages are now available on TED.com, at www.ted.com/translate
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ความคิดเห็น • 247

  • @Funstuff13613
    @Funstuff13613 5 ปีที่แล้ว +12

    It works spending money in three ways:
    1. Pay your way.
    2. Save for tomorrow.
    3. Enjoy yourself.
    This way you’re taking care of your obligations, relationships, future & present self.

  • @Savaniel
    @Savaniel 12 ปีที่แล้ว +7

    Man, I love these. Another great TED talk! Very helpful right now.

  • @LeeLightfoot
    @LeeLightfoot 9 ปีที่แล้ว +17

    the future self is always a possibly non-existent, eg "dead" self. We've evolved from hominids whose productive adulthood might only be 10 to 20 years, with death primes such as war,poverty,time-based stresses collapsing down decision-making. I'm thinking very few Syrians are currently worried about their cholesterol levels, for example

  • @violet101
    @violet101 10 ปีที่แล้ว +5

    self discipline has always one the most precious skills one can have and in the future will become more and more valuable with the ever increasing temptations bombarded at us. I even read they'll purposing be releasing popcorn/cookie smells in movie theaters to get us salivating.

  • @kitsurubami
    @kitsurubami 5 ปีที่แล้ว +10

    What's hard for me is not knowing if I'll still be alive tomorrow. Am i making my present self suffer for a nonexistent future self? I try to balance the desires of current me and potential future me. It doesn't really make me feel good though.

    • @RobTradesFX
      @RobTradesFX 3 ปีที่แล้ว +2

      You don't have to suffer. Enjoy what you have now (but not risk it all today for no tomorrow). Enjoy the process of investing on yourself for today and for tomorrow! That's the beauty of life. Growth. :)

  • @ChrisMylonasChannel
    @ChrisMylonasChannel 12 ปีที่แล้ว +1

    Great talk. Reminds me the issues of our local society.

  • @daniesavage
    @daniesavage 8 ปีที่แล้ว +2

    I needed to see this.

  • @KCatch22
    @KCatch22 12 ปีที่แล้ว +1

    Very appropriate talk for right before New Years and making resolutions.

  • @miawells55
    @miawells55 10 ปีที่แล้ว +1

    Wonderful TED talk.

  • @vishnumoorthy8859
    @vishnumoorthy8859 7 หลายเดือนก่อน

    That quote on the painful exertions of human will hits home

  • @NishanthPSiisc
    @NishanthPSiisc 12 ปีที่แล้ว

    love the talk..
    My present self always tries to crack the commitment devices and it often succeeds :(

  • @KeremPARLAKGUMUS-uc4xb
    @KeremPARLAKGUMUS-uc4xb 4 ปีที่แล้ว

    it was a very nice speech, thanks

  • @Gameboob
    @Gameboob 2 ปีที่แล้ว

    We need more tools like this! These are a great idea just rather rudimentary.

  • @tommmmmm
    @tommmmmm 12 ปีที่แล้ว

    Bookmarked, +1,
    Very worthy video. One of the best.

  • @Chris_Myers.
    @Chris_Myers. 12 ปีที่แล้ว

    Channel of the future.. Failing to embrace any sort of HD video, and blasting out eardrums with horrendously loud introductions..
    Gotta love it. . .

  • @braboempreendimento
    @braboempreendimento 2 ปีที่แล้ว

    Muito bom o vídeo.... parabéns.

  • @delerium2k
    @delerium2k 12 ปีที่แล้ว +2

    Great talk. One thing to remember is your present self's projection of your future self relies on multiple assumptions. For example, the straightforward assumption that saving more now means you'll have more money later assumes the banking system is just fine and isn't undergoing catastrophic collapse ;)

  • @ivannamelnyk5514
    @ivannamelnyk5514 3 ปีที่แล้ว +1

    In my opinion, we should build ourselves now, and don't think about what might happen in the future. Of course, we need to take care about ourselves now, save money, eat healhy food, develop our body and mind. But we have to get satisfaction here and now.
    And after that, we will become happier and will live our life with love. I'm sure that our future gonna be perfet 🙏

  • @princeshewi
    @princeshewi 12 ปีที่แล้ว +1

    so what was the conclusion about commitment devices and losing our self control ?

  • @2plus2make4
    @2plus2make4 12 ปีที่แล้ว +1

    This is a well studied area in economics. The talk was a little frustrating at first because it ignored this huge body of work. At one point I was thinking the way chemists describe when biologists draw conclusions too early.
    However, it kind of grew on me and I think it was interesting to hear how the issue is thought about in other fields.

  • @xPBJ
    @xPBJ 12 ปีที่แล้ว +2

    liked the first half D:

  • @devgarg7469
    @devgarg7469 2 ปีที่แล้ว

    Very helpful

  • @mirfan4458
    @mirfan4458 ปีที่แล้ว

    Great work💯

  • @run1
    @run1 12 ปีที่แล้ว

    Good talk TED

  • @t3tsuyaguy1
    @t3tsuyaguy1 12 ปีที่แล้ว

    Just the title immediately reminded me of my close friend Harvey who's fond of saying, "I'm not going to worry about that. That's future Harvey's problem."

  • @ShuShuHsia
    @ShuShuHsia 10 ปีที่แล้ว +51

    tough crowd... i'm giggling at all his jokes and they're dead silent

  • @guyneo
    @guyneo 12 ปีที่แล้ว +6

    Great story teller. Very insightful and interesting presentation.

  • @alexanderhawk2659
    @alexanderhawk2659 5 ปีที่แล้ว +1

    The Present Self also must contend with a possibility that Future Self won't be around to enjoy the sacrifices because he might die tomorrow, while enjoying the present is a sure bet. So eat, drink and be merry for tomorrow we die.

  • @LeonidasGGG
    @LeonidasGGG 12 ปีที่แล้ว

    @MiranUT Agreed... and thanks, I was really confused with the purpose of this talk.

  • @TheUltimateRage
    @TheUltimateRage 12 ปีที่แล้ว

    @JosephHuntington Very very wise words my friend; I'm diggin' that!

  • @PerspectiveEngineer
    @PerspectiveEngineer 12 ปีที่แล้ว

    sure. I'll buy that.

  • @nos4r237
    @nos4r237 12 ปีที่แล้ว +2

    The Wedding Ring, the most common commitement device.

  • @brentonplace4762
    @brentonplace4762 7 ปีที่แล้ว +1

    If anyone knows of one of the apps he is talking about please share it hear. I've looked for them and can't find them.

  • @HeyOneInSeoul2
    @HeyOneInSeoul2 6 ปีที่แล้ว

    I wanna know the name of his application.

  • @alSation81
    @alSation81 12 ปีที่แล้ว

    if this was titled "planning for your retirement", I never would have looked. I hope my "future self" is not this boring!

  • @Shinjeez
    @Shinjeez 12 ปีที่แล้ว

    great

  • @AskAWalker
    @AskAWalker 4 ปีที่แล้ว

    I can see why this video isn't popular. The crowd is full of present selves.

  • @mvalle8274
    @mvalle8274 ปีที่แล้ว

    Muito bom!

  • @iggy082
    @iggy082 7 ปีที่แล้ว +1

    your present self wants instant self gratification. your future self needs you to be prudent. but will he or she also be prudent? who's to say that when your future self becomes your present self he/she will also do things that will benefit his/her future self?

    • @jpgrumbach8562
      @jpgrumbach8562 5 ปีที่แล้ว

      Clever. Why providing my futself with drug money? I will curse myself when going on a heroin binge.

  • @effortless35
    @effortless35 12 ปีที่แล้ว

    @frunchzz Have to agree. I suspect most of us are fully capable of imagining our future selves or the consequences of our decisions. It's just that we often _don't want_ to do that because we understand that it would force us to do something against our immediate needs. Or cause us to feel guilt over our failure.

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว

    @RonieIslam8; 1: Purpose is to find something worth your life. 2: The feeling of superiority gives most a primal feeling of accomplishment, even if it is only self realized. 3: Yes, it's a feeling. No validation is expected. 4: 2 and 3 answer 4 if answered from a personal level as opposed to my laboratory perspective.

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว

    @Khyrid; I find, through peer studies and double blind tests I've done on my peers, that the most effective, and productive way of viewing "the meaning of life" is to decide that you are not important. You specifically are only here to make sure that no one else has to cry. You must be willing to suffer miserably for any stranger on the street. If every human would view the world like this. We would not only have peace, but we would be far beyond our own universe. Into the multiverse. If it is.

  • @unfathomablebo
    @unfathomablebo 12 ปีที่แล้ว +1

    Savings are in decline due to the proliferation of debt-backing in our economy, not an increasing clashing of selves.
    Other than that, good talk. The clash of short term rational self interest and long term self/collective interest is something that we will need to address in the future.

  • @RonieIslam8
    @RonieIslam8 12 ปีที่แล้ว

    @JosephHuntington 1: Is purpose of life to feel happiness? 2: Is the feeling of superiority happiness? 3: Is the feeling of superiority really true if no one but your self can acknowledge it. 4: The method would not work if u are smart enough to figure out that other people might be using it as well.

  • @adriennemiller.music.
    @adriennemiller.music. 6 ปีที่แล้ว +1

    i dont wanna believe that im gonna get old. cause the truth is: we can never know.

  • @Thelizzardcat
    @Thelizzardcat 12 ปีที่แล้ว

    I dont have the self discipline to do my homework right now ;) I am watching i TED talk, it is impossible.

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว +1

    @JosephHuntington; the purpose to life should be to be willing to risk anything to see someone, anyone, everyone even; smile. If at the very least. Overall, just make everyone, save yourself, happy. If everyone is trying to make everyone happy, no one could ever be distraught. Obviously this would never work. But it's nice to imagine.

  • @PotadoTomado
    @PotadoTomado 12 ปีที่แล้ว

    15:30 haha, I did that to one of my friends one time.

  • @jessicagentry2200
    @jessicagentry2200 2 ปีที่แล้ว

    I love those apartments!

  • @mooxim
    @mooxim 12 ปีที่แล้ว

    I try to use commitment devices. I think he's right about them being disempowering. I'm gonna try to be more mindful of my future self and see what that does for my self discipline.
    To people complaining about investment, you can invest in yourself as well (education/training)

  • @NMradioo
    @NMradioo 10 ปีที่แล้ว

    Some of us realise that the value of the video is not based on how high the picture is but rather the information the video contains

  • @stanleyklein524
    @stanleyklein524 3 ปีที่แล้ว +1

    How does one imagine a current self? A feeling? As mental content? One's behavior? What, put simply does (or do) a self (or selves) consist in?
    No one has any solid idea. No philosophers, and certainly no psychologists can provide a coherent, logically, and phenomenologically compelling description of what is a self (or selves) might entail. At best, we know the self via acquaintance (cf Russell, 1912) -- but that is at best.
    Given this state of affairs, how exactly does one imagine a future self (i.e., as an entity, state, collection of information, feelings, behaviors, etc., etc.) when it is unclear what is occurring when a person claims to be imagining his or her current (synchronic) self.
    More, what makes X (i.e., self) at some future date, the same X as at present (the issue of personal diachronicity)? Assuming there are material changes (weight, age, etc.) as well as mental changes (new experiences, memories, goals), we certainly do not have numerical identity. How much overlap is needed to claim that X at time 1 is the temporal continuant at some future X time 2? What does psychology have to offer to this age old problem (recognized in antiquity by such riddles as the the ship of Theseus)? Answer in brief = 0.
    Such central matters -- and there are Plenty more -- do not even register a blip with the "scholars" of academic psychology. Apparently they cling to the childish notion that "method will prevail (i.e., so long as we employ empirical procedures, conceptual issues will sort themselves). Of course, this sad attempt at reasoning only confuses necessity and sufficiency.
    Contemporary psychology is a pseudo-science occupied largely by "academics" who like to pronounce the logically unwarranted conclusions of their demonstrations (academic psychology does demonstrations -- whether traditional or with the crutch of machine [e.g. fMRI]). Unlike science, they do not rely on empiricism (i.e., experiments) to distinguish between theories (this is necessitated by the sad fact that there are virtually no scientifically justifiable theories in psychology. The most a psychological theory can predict is "effect present/effect absent. And ordinal prediction does not permit meaningful discrimination between hypothesized outcomes and theoretical predictions).
    These "scholars' are best kept in their towers and not allowed to disseminate their nonsense to an unsuspecting public. Don't we have enough fake news these days?

  • @ThePostRockProject
    @ThePostRockProject 12 ปีที่แล้ว

    @GetMeThere1 You just proved my point. Everyone including yourself experiences these thoughts, of course its obvious but does that mean we shouldn't discuss it? TED talks are nothing more than what we could find in a simple Google search but people like you and me watch them because a spoken presentation is far more engaging.

  • @UtkarshKumar-kw9oy
    @UtkarshKumar-kw9oy 3 ปีที่แล้ว

    I guess making people see what is the worst and what is the best case scenario of the future self can help them make good decisions in the present otherwise there would be nothing to sacrifice for if it doesn't mean something to them.

  • @Olivaemusic
    @Olivaemusic 9 ปีที่แล้ว +1

    Supposing that in the future, When we get old, well being will be all about financial self sufficiency . According to that i just need to save money today to be happy in the future.

  • @billygundum
    @billygundum 12 ปีที่แล้ว

    what's the app for this?

  • @Jakyle1
    @Jakyle1 12 ปีที่แล้ว

    @Static172 That depends on what and who you're investing in.

  • @geekgroupie42
    @geekgroupie42 12 ปีที่แล้ว

    @rampaginwalrus i like the idea and am sending you smiles and happiness

  • @maryanne1643
    @maryanne1643 7 ปีที่แล้ว

    hahaha. Awesome. Reminds me of Ray Bayne

  • @niriop
    @niriop 12 ปีที่แล้ว

    My lecturer talked about Odysseus when we studied game theory :)

  • @madjunir
    @madjunir 12 ปีที่แล้ว +1

    It got a little boring and low energy after the first half, but overall it was very enlightening. Thumbs up!

  • @watisthis99
    @watisthis99 12 ปีที่แล้ว

    @Khyrid Wouldn't that be like saying humans are predisposed to logical thinking? Many people come to the conclusion that life inherently doesn't have a meaning, or that life doesn't even require a meaning.
    I don't know if we're so much as born to assign meaning to things than we are to see patterns and associate them with what we already know; but how can we possibly know an answer to a question that hasn't been asked?

  • @IceCreamMan1909
    @IceCreamMan1909 11 ปีที่แล้ว +7

    "The battle between you and your future self" ? Unfortunately to many in our society the battle is between me and my present environment and lack of access to social mobility and me and my future environment and an even greater discrepancy in access to social mobility

  • @SIMUN2277
    @SIMUN2277 12 ปีที่แล้ว

    I hoped he will give us some kind of advice to act like our future-selves :(

  • @DarylBuck
    @DarylBuck 10 ปีที่แล้ว +12

    Assuming the money is worth anything at all of course.

    • @Hammid
      @Hammid 10 ปีที่แล้ว +3

      For every Goldstein, money is everything.

    • @Shiteatercrapsuck
      @Shiteatercrapsuck 9 ปีที่แล้ว

      Hammid And what is everything for every Hammid?

    • @Hammid
      @Hammid 9 ปีที่แล้ว

      Potato!

    • @DarylBuck
      @DarylBuck 8 ปีที่แล้ว

      Hammid Cooked or Raw?

    • @doibing9856
      @doibing9856 7 ปีที่แล้ว

      You are literally taking a unit of measurement which measures the "value" of an item, and applying skepticism that the tool doesn't measure what it's designed to measure. That's like saying "assuming that that microscope can show me anything i can't already see". Of course it can, it's literally designed with that purpose in mind.

  • @watisthis99
    @watisthis99 12 ปีที่แล้ว

    @Khyrid A meaning to life is a non-sequitur, anyway. There is nothing to derive the idea of meaning from outside of our mind, but we often think there needs to be an absolute foundation for one. Regardless of a meaningless existence or not, the fact that life likely doesn't last forever should make us value it even more.

  • @WhatsInsideSpace
    @WhatsInsideSpace 12 ปีที่แล้ว +1

    Interesting about the value of sacrificing short term satisfaction with long term benefits.
    It's a bit sad, though, that Daniel Goldstein conveys this by using money as a measure for the degree of happiness. I just don't think it's true that we will feel more content or satisfied or happy the more money we have. Especially not when we get older. We need less money when we are old than when we are young. When we are old we need to feel happy about having done good things.

  • @Discustable
    @Discustable 12 ปีที่แล้ว

    Is sitting watching ted talks when i have an exam tomorrow the same as flipping my future self the bird?

  • @RonieIslam8
    @RonieIslam8 12 ปีที่แล้ว

    @rampaginwalrus Who told you that finding something to live for is the purpose of life?(I think that is what you meant(poor english)).

  • @xapemanx
    @xapemanx 12 ปีที่แล้ว

    i think i hear whispers in this talk, freakin me out :P

  • @glendlc.youtube5825
    @glendlc.youtube5825 7 ปีที่แล้ว +1

    just made life more complicated

  • @ashliebelle
    @ashliebelle 12 ปีที่แล้ว

    I'm watching TH-cam instead of packing for Christmas weekend. I'm going to be late to work. I think my future self and I are enemies...

  • @Alpinex105
    @Alpinex105 12 ปีที่แล้ว

    @MiranUT Where do we differ?

  • @leafinstillwater6712
    @leafinstillwater6712 10 ปีที่แล้ว +1

    When is the video time where it shows the answer to his question whether that simulation program actually works in affecting people's saving decision? Of course by concluding from the video, I can see that it works. But did he actually ever that answer explicitly?

    • @jpgrumbach8562
      @jpgrumbach8562 5 ปีที่แล้ว

      When allianz is paying the whole shebang there might be something.

  • @jessicagentry2200
    @jessicagentry2200 2 ปีที่แล้ว

    I hope that when I'm old. I hope that i'm living on the coast.

  • @watisthis99
    @watisthis99 12 ปีที่แล้ว

    @Khyrid I agree. It does need to be redefined, but mostly in the sense that it needs to combat the redundancy of nihilism, which is where I think a lot of problems arise. Hell, even people who are purported to believe in spirits and magic today use nihilism as some last crusade to defend their faith.

  • @zydomason
    @zydomason 12 ปีที่แล้ว

    Interesting talk, though he missed a very important point.
    We can be somewhat certain about present events, but the future is so hard to predict, be it related to finances / health / life, whatever - it just seems unworthy to most of us to give up on something we can have now, with the risk of not retaining it sometime later.

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว

    @Lojikish; Love = Best motivation. Fear = Oppression.

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว

    @Khyrid; he's speaking as a Nihilist. In the Very end none of this will matter. Although over thinking these things is not a good idea. We are animals. We should just live the way we want in the amount of time we have. Although choosing a more selfless way of life, to me, seems the most rewarding. Furthering humankind in an endeavor to have us survive. All from the basic instinctual desire for the continuation of the species. Imagine.

  • @borkoboyanov
    @borkoboyanov 12 ปีที่แล้ว

    My mom tells everyone when she is about to quit cigarettes :) Effectively using social shame as her commitment device:) She practically smokes whenever she wants

  • @WildlyCalm
    @WildlyCalm 12 ปีที่แล้ว

    Cool

  • @RonieIslam8
    @RonieIslam8 12 ปีที่แล้ว

    @rampaginwalrus Sounds good ;)

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว

    @Static172; science is pliable. New information requires us to change our current understanding of the cosmos.

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว

    @Static172; To strive for the impossible is the only way to make things as good as they could possibly be. If every human is willing to die for the happiness of every other human. No one will have to die. No one need even cry! It's impossible to achieve with such a large population. But It's nice to imagine. The least you can do is imagine love my friend.
    "When the power of love overcomes the love of power, the world will know peace."-Jimi Hendrix

  • @justgivemethetruth
    @justgivemethetruth 12 ปีที่แล้ว +1

    The savings rate is declining because people do not make enough money to afford to save money. And if they stopped spending the economy will hollow out from lack of demand. Not to mention that over time more and more people eventually hit a "Bernie Madoff" or "Savings & Loan Crisis" or whatever, people are afraid. CEOs talk about how they need predictability, but we have 300 million more regular people who have no predictability and no way to talk about it or fix it.

  • @aaroninky
    @aaroninky 12 ปีที่แล้ว

    That Homer analogy was absolutely torturous.

  • @RichoRosai
    @RichoRosai 12 ปีที่แล้ว

    Can I use this chair? No seriously, can I use it? I need it... for the audition.

  • @tashhashimi9483
    @tashhashimi9483 4 ปีที่แล้ว

    How can the first mate untie Oddesy

  • @system3142
    @system3142 12 ปีที่แล้ว

    I agree. The internet is the best possible cure for procrastination.

  • @lindabb7064
    @lindabb7064 4 ปีที่แล้ว

    I don't believe I'm going to get old, I just believe I'm going to die.

  • @icebergproduction
    @icebergproduction 5 ปีที่แล้ว

    best part starts at 12 min mark...

  • @watisthis99
    @watisthis99 12 ปีที่แล้ว

    @Khyrid If we go back to the reference of cause and effect, there doesn't seem to be any correlation to a meaning of life. Cause and effect expresses how something happens without an inherent reason of 'why' something happens. I believe humans mistake how for why and end up stuck on that non-existent question with an impossible answer.
    The idea that someone would flop down to the ground motionless would just be the result of misinterpretation, and nihilism would be deemed unnecessary.

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว

    @Khyrid; I was speaking against Nihilism by the way.

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว

    @RonieIslam8; Philosophical thinking told me. It would be impossible to have everyone with the same goal in life. Everyone has completely different interests. Your goal in life should be to find your personal goal in life, and to pursue it. I was trying to be as vague as possible. The english is fine. You may not understand the way I write very well. I didn't meant purpose in life, just purpose. But I altered it so you'd understand. No offense.

  • @GetMeThere1
    @GetMeThere1 12 ปีที่แล้ว

    @ThePostRockProject : "You just proved my point." I think for that, you need to have begun with a point.

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว

    @Khyrid; your fear of death is no reason to misunderstand it. Be selfless enough to allow other humans to have a chance. Die so that they may live. We each get about 75 years average. This is more than enough to be content. Find love, help your peers, destroy walls, pick up enemies, teach your children. Imagination is all you need; after this, everything else has the opportunity to fall into place. Try to think a little more deeply about things. Death is our... observing parent, if you will.

  • @rampaginwalrus
    @rampaginwalrus 12 ปีที่แล้ว

    @RonieIslam8; There is no inherent meaning of life. We aren't special in the cosmic perspective . But many people feel the inherent need for meaning, so I advise people to strive to help people. It's kind of like trying to trick people to trick themselves into being good. They know it's a good idea. But it's not at all easy. So I have to make it sound all poetic and romantic. Which I can be good at.

  • @boosra
    @boosra 12 ปีที่แล้ว

    @kokopelli314
    I was just wondering a similar thing myself.

  • @dirtbikeboyz
    @dirtbikeboyz 12 ปีที่แล้ว

    the problem with saving money is the economy mixed with the consumer culture will never work unless you do have self control

  • @rpm297
    @rpm297 12 ปีที่แล้ว

    Does this guy take into account future instability? Wars? Inflation, recessions? Depressions? Saving and planning for the future is important, provided you have enough to maintain day to day. Unfortunately I feel that potential savings is slowly being eaten by increasing taxation and inflation. Show me an economic viewpoint that takes those instability factors in account and I'll listen more intently.