There is also particular type of bad decision making that is related to magical thinking, and frequently causes financial problems.
The most common one that I’ve seen is substituting prayer or appeals to the universe or whatever for critical thinking.
People that weren’t sure their business idea was workable, but they prayed on it and God told them to “go for it.” People that overcame their “resistance” (ie justified doubts) and started some venture because a psychic told them it was their destiny. People that send money to prayer scammers that promise the Universe will return it to them tenfold if they only follow instructions.
I’ve spoken a lot lately about my new age conspiracy theory former friends, the “conspiritualists”. One day, several years ago I walked into their business and one of my friends was reading an article. It was an article about starting a business, and how you shouldn’t do it unless you had a solid plan and a realistic financial outlook.
This article made him very angry, and he went on a rant about mainstream society crushing dreams and killing potential and what about faith…faith should be enough, the MSM just wants to kill everyone’s dreams.
It’s the same mentality that draws people into MLM’s and get rich quick schemes. It’s a particular flavor of financial irresponsibility, and it’s related to the kind of delusions that lead to January 6th.