One of the major points about behavioral biases is that they are shortcuts that humans make to deal with certain situations. Shortcuts can either work for or against the person using them.
Because our world is so complex and to think in depth about each move we make would be overly burdensome, we develop shortcuts to easily deal with certain situations and events.
I thank god that I started saving heavily and investing right after graduate school when I was 29. I was lucky in that I was raised by a single mother taking care of four kids and working three jobs. Adversity teaches a great deal. At the time it was painful, but now I look at it as one of my
