Today, in less than 3 minutes, we are going to cover the following: Why delayed gratification applies to more than your money.
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You hear a lot about delayed gratification when it comes to money, and rightfully so.
When you invest your cash, you're hoping your seeds will compound and bring you more money in the future. Perhaps you'll finally retire or travel the world as you have always dreamed in your old age.
For those who have started businesses, you've given up the security of money right now to build something much more valuable down the road.
But what about delayed gratification in other areas of your life?
The act of resisting an impulse to take an immediately available reward in the hope of obtaining a more valued reward in the future.
Instead of only considering money, think about how this might apply to your health, friendships, marriage, and family? There are others to add to the list, but let's go with this for now.
Fast forward 10, 20, 30, 40 years in the future, whatever it might be for you. Think about all the money you've collected. Think about that dream home and those vacations.
Now think about that same situation, alone or even worse, on your last legs.
So perhaps if money is the only thing you've been building, challenge yourself to start seeing that delayed gratification in other areas.
"A healthy person wants a thousand things, a sick man only wants one" - Confucius
Look around at your friendships; if one were to leave this life, would they take a piece of you with them? Don't protect yourself from those feelings. That's what life is about.
Who will be there by your side when you've accomplished what you set out to do? Who are you going to share your success with?
"Success is your children wanting to be with you when they're adults." - Paul Orgalea
So when it comes to life, money is an important thing, but it is not everything. Think about what your future might bring if you invest wholistically.
With the recent addition of a baby boy to our family, these thoughts have crossed my mind. The sleepless nights, the sacrifice of being unable to do the same activities my spouse and I are accustomed to. The process of you and your partner discovering your new roles.
And yet, you know the investment is worth it.
As always, thanks for reading.