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You see a lot of people talking about the term
Delayed Gratification
Let me explain WHY it is so important for your life
(thread)
Delayed Gratification
Let me explain WHY it is so important for your life
(thread)
In the 1960’s, a man named Walter Mischel conducted one of most famous study that has been talked about many, many times
What was that study?
The Marshmallow Study
What was that study?
The Marshmallow Study
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
And on table, there was a marshmallow on the in front of them
In that room, they were seated at a table
And on table, there was a marshmallow on the in front of them
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?
“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?
Here were the choices:
ONE marshmallow now
OR
TWO marshmallows later
...
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 marshmallows
ONE marshmallow now
OR
TWO marshmallows later
...
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 marshmallows
So what does this study teach us about delayed gratification?
The researchers followed the children for many years after the experiment...
Here is what they found
The researchers followed the children for many years after the experiment...
Here is what they found
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 better
But wait, there’s more
Better SAT scores
Lower levels of substance abuse
Lower likelihood of obesity
Better responses to stress
And many more factors in which they scored better
But wait, there’s more
AFTER 40 YEARS of following these children, researchers found that the group who waited for the second marshmallow succeeded in whichever capacity that was measured
This study proved:
“THE ABILITY TO DELAY GRATIFICATION IS CRITICAL FOR SUCCESS IN LIFE”
This study proved:
“THE ABILITY TO DELAY GRATIFICATION IS CRITICAL FOR SUCCESS IN LIFE”
So how does this work with investing?
Look at it like this:
You receive your paycheck
With your you can either spend it on 
OR
You can invest it and DELAY GRATIFICATION and turn into
Look at it like this:
You receive your paycheck
With your
you can either spend it on OR
You can invest it and DELAY GRATIFICATION and turn
into
In an instant gratification world, many people do this
And with delayed gratification, it looks like this
Being able to DELAY so that your money now, can be worth a lot more in the future
And with delayed gratification, it looks like this
Being able to DELAY so that your money now, can be worth a lot more in the future
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
OR are you going to DELAY GRATIFICATION and invest?
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
OR are you going to DELAY GRATIFICATION and invest?
The choice is YOURS
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 here
@DecadeInvestor
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 here
@DecadeInvestor
