You see a lot of people talking about the term

Delayed Gratificationhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">

Let me explain WHY it is so important for your lifehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🤝" title="Handschlag" aria-label="Emoji: Handschlag">

(thread)

In the 1960’s, a man named Walter Mischel conducted one of most famous study that has been talked about many, many timeshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">

What was that study?

The Marshmallow Studyhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="💥" title="Symbol für eine Kollision" aria-label="Emoji: Symbol für eine Kollision">

The Marshmallow Study consisted of brining in children aged 4-5 years old into a room, one by one

In that room, they were seated at a table https://abs.twimg.com/emoji/v2/... draggable="false" alt="🪑" title="Stuhl" aria-label="Emoji: Stuhl">

And on table, there was a marshmallow on the in front of themhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🤩" title="Vom Star geblendet" aria-label="Emoji: Vom Star geblendet">

The researcher then told the child:

“I am going to leave the room, if the marshmallow is here when I get back, you’ll get another!

If you eat the marshmallow before I get back, you won’t get another!”

Seems like a simple task and a silly study, doesn’t it?https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤷🏼‍♂️" title="Achselzuckender Mann (mittelheller Hautton)" aria-label="Emoji: Achselzuckender Mann (mittelheller Hautton)">

Here were the choices:

ONE marshmallow now

OR

TWO marshmallows laterhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer">

...

The outcome?

Some children ate the one marshmallow right away

Some waited for a few minutes, but couldn’t resist

And others waited the entire time and had TWO marshmallowshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🤩" title="Vom Star geblendet" aria-label="Emoji: Vom Star geblendet">

So what does this study teach us about delayed gratification?https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤷🏼‍♂️" title="Achselzuckender Mann (mittelheller Hautton)" aria-label="Emoji: Achselzuckender Mann (mittelheller Hautton)">

The researchers followed the children for many years after the experiment...

Here is what they foundhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">

The children that delayed the gratification of the marshmallow had:

Better SAT scores

Lower levels of substance abuse

Lower likelihood of obesity

Better responses to stress

And many more factors in which they scored betterhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer">

But wait, there’s morehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">

AFTER 40 YEARS of following these children, researchers found that the group who waited for the second marshmallow succeeded in whichever capacity that was measuredhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🤯" title="Explodierender Kopf" aria-label="Emoji: Explodierender Kopf">

This study proved:

“THE ABILITY TO DELAY GRATIFICATION IS CRITICAL FOR SUCCESS IN LIFE”https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer">

So how does this work with investing?

Look at it like this:

You receive your paycheck https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">

With your https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack"> you can either spend it on https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚘" title="Entgegenkommendes Auto" aria-label="Emoji: Entgegenkommendes Auto"> https://abs.twimg.com/emoji/v2/... draggable="false" alt="👔" title="Krawatte" aria-label="Emoji: Krawatte"> https://abs.twimg.com/emoji/v2/... draggable="false" alt="👟" title="Sportschuh" aria-label="Emoji: Sportschuh">

OR

You can invest it and DELAY GRATIFICATION and turn https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack"> into https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">

In an instant gratification world, many people do this

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">https://abs.twimg.com/emoji/v2/... draggable="false" alt="➡️" title="Pfeil nach rechts" aria-label="Emoji: Pfeil nach rechts">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚘" title="Entgegenkommendes Auto" aria-label="Emoji: Entgegenkommendes Auto">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👔" title="Krawatte" aria-label="Emoji: Krawatte">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👟" title="Sportschuh" aria-label="Emoji: Sportschuh">

And with delayed gratification, it looks like this

https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">https://abs.twimg.com/emoji/v2/... draggable="false" alt="➡️" title="Pfeil nach rechts" aria-label="Emoji: Pfeil nach rechts">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">https://abs.twimg.com/emoji/v2/... draggable="false" alt="➡️" title="Pfeil nach rechts" aria-label="Emoji: Pfeil nach rechts">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👟" title="Sportschuh" aria-label="Emoji: Sportschuh">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚘" title="Entgegenkommendes Auto" aria-label="Emoji: Entgegenkommendes Auto">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👔" title="Krawatte" aria-label="Emoji: Krawatte">

Being able to DELAY so that your money now, can be worth a lot more in the futurehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="😤" title="Triumphierendes Gesicht" aria-label="Emoji: Triumphierendes Gesicht">

Another way to look at it?

If you see your 9-5 paycheck as ONE marshmallow,

And someone tells you “If you wait 15 years, that ONE marshmallow will be worth way more!”

Are you going to buy that https://abs.twimg.com/emoji/v2/... draggable="false" alt="👔" title="Krawatte" aria-label="Emoji: Krawatte">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👟" title="Sportschuh" aria-label="Emoji: Sportschuh">

OR are you going to DELAY GRATIFICATION and invest?https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤷🏼‍♂️" title="Achselzuckender Mann (mittelheller Hautton)" aria-label="Emoji: Achselzuckender Mann (mittelheller Hautton)">

The choice is YOURShttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🤝" title="Handschlag" aria-label="Emoji: Handschlag">

I hope this thread shed some light on the background of DELAYED GRATIFICATION

And you were able to see the importance of doing so!

Thanks for reading and I appreciate you being herehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🙏" title="Folded hands" aria-label="Emoji: Folded hands">

@DecadeInvestor