
Photo by Jon Sullivan; public domain
We are notoriously bad at predicting how we will think and feel and behave in the future. Psychologist Daniel Gilbert has devoted much of his research and writing to the topic of the mistakes that we make when we try to imagine our “future selves.”
It turns out, though, that meeting and getting to know our future selves can be a useful way to boost our self-control.
A researcher from Northwestern University’s Kellogg School of Management, Hal Ersner-Hershfield, designed a fascinating study in which selected participants saw a virtual reality image of themselves. The image was specially designed to allow them to see what they will look like when they reach retirement age. The participants in the control group did not see such an image.
The study participants who saw an image of their future self later allocated twice as much money toward a hypothetical retirement savings account compared to participants in the control group.
Getting to know their future selves made the participants more willing to take care of them.
Psychologist Kelly McGonigal, in her book The Willpower Instinct, reminds us that there are other ways to enhance our connection with our future selves (or strengthen our “future-self continuity,” which is the technical term):
- Spend some time imaging how your future self will look, think, and feel if you do not stay on track with an important change effort. Allow yourself to feel the fear, regret, or self-disappointment that may result. For example, picture yourself unable to pay your rent five years from now because you let your credit card debt build to an overwhelming level.
- Spend some time imagining how your future self will look, think, and feel if you do remain committed to an important change effort. Feel the associated sense of pride and accomplishment. Perhaps you picture your future self relaxing on a beach in Hawaii because she made regular contributions to a savings account instead of spending every last dollar of each paycheck.
- Write a note to your future self. If you were to write a message to your future self, what would you want to include? Can you tell your future self what you are going to do now to help him or her achieve a goal? Can you hear any wisdom (or gratitude!) from the older, wiser version of you?
What do you want for your “future you?” How does this influence the choices that you make today?

5 Responses to “Be Nice to Your Future You!”
Wow—what interesting research. I think that is a good idea—fear of a bad outcome is a good motivator for me.
I think I saw something about this on the news. It wouldn’t be too pleasant of an experience to see an image of me with grey hair and wrinkles! I think I’ll pass on the age-progression image part. I’d rather do the letter to “future me” telling me about all of the traveling that future me will get to do because of all of the saving and investing that I am doing now!
If you save a dollar today, it may become $10 when you are 90. If you save a dollar when you are 60, the growth of that dollar will be minimal. It’s why you need to save when you are young, so you can get that exponential ball rolling.
As you age, you realize the most important thing is your health. If you were taking care of your money and health all along, you should be ok….
Agree with Maria. Young age is the right time to handle personal finance and health at the same time. Nice content. Enjoyed reading it to bits.
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