Getting rich is not that hard, all you need is a goal and a plan. The problem with most people is they never establish the goal! It does not mean they do not want to be rich or successful, but they just keep doing what they have been doing. If you never experienced success, change is difficult! It starts with recognizing what real success looks like. What changes are you willing to make?
Rich, successful people think differently from the rest of us! Although there has been many iterations of the rich thin differently than the rest of us, the reality is they do! “I am getting to know the rich.” (Hemingway) “I think you’ll find the only difference between the rich and other people is that he rich have more money.” (Mary Colum). There are more millionaires now than ever before and we still do not understand how they do it. There have been books written by, for, about them, how to and the riches still elude us.
Can I take a class?
How can you overcome a lifetime of making bad decisions or choices and suddenly know what to do? Thinking rich is not a class given at some elite university or college; it is simply a way of thinking that is vastly different than most everyone else. People who are not rich think much more about now versus the future. Rich people know where they are going because they thought about it. They did not wait for a class or someone to ask them. Is that good planning or luck?
It starts very early! Is it nature or nurture? Can you learn it or are you born with it? There was a famous experiment (Stanford marshmallow) which studied delayed gratification with young children. The children were offered a small reward immediately or two (2) small rewards if the children waited until the tester returned. They found that children who could wait longer for the preferred rewards had better life outcomes based on SAT scores, educational attainment, body mass index and other life measures.
Can you teach a child to delay gratification? Absolutely! If you do not learn it young, you usually do not learn it until considerably later or not at all. Delayed gratification is necessary for saving and investing, living within your means and planning for your future. The ability to wait before you make a purchase or any decision is important for success. Waiting can be gathering information, analyzing or determining if there is enough value to go forward. Certainly an important characteristic of successful people!
What else comes with delayed gratification?
I am sure there are rich people who may not delay gratification occasionally, but not all the time. What else comes with delayed gratification which may help you achieve success? Patience, self discipline, impulse control, willpower, tenacity and perseverance are just a few characteristics of delayed gratification. What strategies do you use to delay gratification? I use planning and research to get the best value from my investing or purchases. I call it value based decision making.
Don’t wait any longer and learn how to delay gratification. It will keep you out debt, you will achieve much more in life and you will not have a weight problem either. In this age of fast food, electronic mail, texting, etc, no one waits for anything anymore. Anything worthwhile takes time! Simple things like an education, experience, career, relationships and so much more takes time. I suppose you could win the lottery, but you will not hold onto that prize without delaying gratification.
I tried to reduce literally books filled with great information about millionaires to just one characteristic. That one characteristic leads to others which will help you succeed in life. The ability to take control of your life and postpone the reward to the future is what successful wealthy people do all the time. It was something I learned very early and helped me achieve financial independence. We all say, we want to control our lives, but we are unwilling to do what is necessary to do it. What is your strategy to delay gratification? If you do not have one, you should develop one or you will never become rich! Delaying gratification will help you become rich.
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Delaying gratification will help you become rich.