Millionaire Habit 4 - Delayed Gratification
What keeps most people from becoming rich is the habit of wanting instant gratification.
Instant gratification is thehabit of always wanting to enjoy now and not having thepatience to wait for future benefits.
As a result, these peoplespend a lot more than they invest.
By spending on that new car, new widescreen television set ordesigner watch they get instant gratification.
When it comes to investing in books, seminars, stocks or insurance products, they will think twice as they have to wait for future benefits.
It is precisely for this reason that whatever money comes into their hands will soon be frittered away and not multiplied.
People who want instant gratification will always look forquick and easy ways of making money rather than building asustainable business that adds value to (repeat) customers.
They tend to cut corners on quality and deliver shoddy productsto save money and boost short term profits.
As a result, theirprofits rarely last and they will soon go out of business.
At the same time, those who desire instant gratification lackthe patience to allow their money to grow and compound throughinvesting.
When they don't see huge sums of money in a fewweeks, they abandon their investments and never get to reap thebenefits.
They have no patience to wait for the seeds they sowto grow into huge money trees that bear fruit.
On the other hand, all millionaires adopt the habit of 'delayedgratification.
' They have the patience to wait for greaterabundance in the future.
Whether in business or in investments,you must have delayed gratification in order to create massivewealth.
People with delayed gratification invest a lot more than theyspend.
Again, they know that by spending a dollar, they mayfeel good for an instant, but their future wealth will bedestroyed.
When it comes to spending money, they are extremelyfrugal.
However when it comes to investing, they do not thinktwice about writing a check for a few thousands dollars.
Theyknow that through patience, that money will multiply into afuture fortune.
Millionaires never take shortcuts in business.
They look atalways giving the best value to their customers, even if itmeans earning less at present.
They know that by building theirreputation, it will lead to huge profit streams in the future.
So, develop the habit of delayed gratification - and spendwisely - and you will see your money multiply.
Instant gratification is thehabit of always wanting to enjoy now and not having thepatience to wait for future benefits.
As a result, these peoplespend a lot more than they invest.
By spending on that new car, new widescreen television set ordesigner watch they get instant gratification.
When it comes to investing in books, seminars, stocks or insurance products, they will think twice as they have to wait for future benefits.
It is precisely for this reason that whatever money comes into their hands will soon be frittered away and not multiplied.
People who want instant gratification will always look forquick and easy ways of making money rather than building asustainable business that adds value to (repeat) customers.
They tend to cut corners on quality and deliver shoddy productsto save money and boost short term profits.
As a result, theirprofits rarely last and they will soon go out of business.
At the same time, those who desire instant gratification lackthe patience to allow their money to grow and compound throughinvesting.
When they don't see huge sums of money in a fewweeks, they abandon their investments and never get to reap thebenefits.
They have no patience to wait for the seeds they sowto grow into huge money trees that bear fruit.
On the other hand, all millionaires adopt the habit of 'delayedgratification.
' They have the patience to wait for greaterabundance in the future.
Whether in business or in investments,you must have delayed gratification in order to create massivewealth.
People with delayed gratification invest a lot more than theyspend.
Again, they know that by spending a dollar, they mayfeel good for an instant, but their future wealth will bedestroyed.
When it comes to spending money, they are extremelyfrugal.
However when it comes to investing, they do not thinktwice about writing a check for a few thousands dollars.
Theyknow that through patience, that money will multiply into afuture fortune.
Millionaires never take shortcuts in business.
They look atalways giving the best value to their customers, even if itmeans earning less at present.
They know that by building theirreputation, it will lead to huge profit streams in the future.
So, develop the habit of delayed gratification - and spendwisely - and you will see your money multiply.
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