Delayed gratification is quite simply the strong will of mind and the innate ability to resist the temptation for instant reward, and wait for a better or bigger reward later. How long it takes to obtain this reward is equally about having patience and self control.
It is a known fact that many people that practiced delayed gratification are successful with their careers, relationship, health and finances.
In other words, delayed gratification allows you to see a big picture and possibly make better choices, rather than poor ones.
Instead of rushing into buying a piece of item, into marriage, into starting a business, into dabbling into 'get rich quick' schemes or business ventures, you inevitably get burnt in the end.
5 Tips for practicing delayed gratification
1. Set a goal and a target for what you want to achieve and keep your mind focused until you attain it. It could be losing weight or buying your dream home.
2. When it comes to making MONEY, by all means acquire it, but not at the expense of your health and neglecting your family. The most important thing about making money is NOT always to spend all of it. Cultivate the habit of regular SAVINGS.
3. It is good to take a risk at starting your own business, or investing money into a venture. However, ensure that the risk you take is a well thought out, and calculated one. Don't rush into signing any contract without thoroughly reading it through. And don't put all your eggs in one basket. Take your time to study and do your homework well.
4. Take your time to build a good network of friends and business acquaintances. Your network is your net worth, and they will impact your life tremendously.
5. Learn to appreciate good things and they will come to you if you attract them. Be patience to start small and enjoy bigger rewards later. Even the mustard seed eventually grew into an oak tree.
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