The Hidden Power of Purchase Delay
Abrahams Wallet6 Marras 2019

The Hidden Power of Purchase Delay

Your ability to delay gratification might be one of the most powerful determinants of your success in finance… heck, in all of life.

Don’t believe me? Well, have you ever heard of the marshmallow experiment? Sure you have: some gentlemen at Stanford, back in the late 60s, offered over 600 children a choice. They were sat down at a table and a marshmallow (or similar treat) was placed in front of them. They were told they could eat the marshmallow as soon as the researcher left the room – no problem – OR they could wait 15 minutes and receive a second marshmallow to enjoy. Some kids chomped the treat immediately, others waited and saw a 100% return on their investment.

Why do I care about this experiment? Well, the two gents who were running this experiment followed up on each group over the next several decades and found some fascinating correlations. Those who delayed gratification ended up winning at almost every stage of life in significant ways. They were described by their parents as significantly more competent as adolescents. They had higher SAT scores, faster reaction times in an emergency situation, and were better as adults at controlling their response to alluring temptations.

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DOUGH: Anderson Cooper Says No To Inheritance

DOUGH: Anderson Cooper Says No To Inheritance

Mark Parrett and Steven Manuel discuss Anderson Cooper (and Daniel Craig… and Kevin O’Leary)’s idea that inheritances are best given to anybody besides one’s children. We’re convinced… otherwise. Also, orator’s corner makes its return.

27 Loka 202145min

DOUGH: My Advisor Says…

DOUGH: My Advisor Says…

Mark Parrett and Steven Manuel respond to 3 diferrent accounts of “my advisor told me…” anecdotes from viewers: (25:00) 1. How much should I invest in my new business?  2. Should I put everything toward retirement when my family wants to invest in real estate? (38:15) 3. Should I dump all my money into a LIRP? (51:00) They also gab about run-ins with celebrities (1:00), BBQ updates (6:00), and Steven introduces a pet segment: Orators’ Corner (17:30).

20 Loka 20211h 7min

HOME: Finding Mentors and Being a Mentor

HOME: Finding Mentors and Being a Mentor

Mark Parrett and Steven Manuel discuss the need for mentors, the Biblical paradigm of mentors/disciplers/spiritual parents, and give some tips for how to find them (32:00).

13 Loka 202149min

HOME: Discerning Tech at Home

HOME: Discerning Tech at Home

Steven Manuel opines about technology’s threat to your home life, then interviews David Russell about a book they’re both into: The Tech-Wise Family by Andy Crouch. David shares some tips about how to create and protect peace and relationship in a home filled with technology.

6 Loka 202140min

MISC: Bashful Brooder to Bold Builder!

MISC: Bashful Brooder to Bold Builder!

Steven Manuel sits down with his old friend Jeff Davenport and discuss Jeff’s transformation from a shy youth who eschewed people to a confident and brave author and owner of a family business. They talk about Jeff’s communication coaching business, The Lighthouse Point, and miiiiiiiight go into a leeeeetle too much detail about the time they were on a game show together.

29 Syys 20211h 15min

DOUGH: How to Buy Friends

DOUGH: How to Buy Friends

Mark Parrett and Steven Manuel discuss the Biblical idea that money is, among other things, to be a relationship sweetener. The Bible points us in the direction of using money to encourage good relationships… and Mark and Steven are here to give you concrete tips on execution. They also can’t help but talk about Sukkot and their lame NBA fantasy league.

22 Syys 20211h 5min

HOME: Funerals and Sitting Shiva

HOME: Funerals and Sitting Shiva

Mark Parrett and Steven Manuel (who is speaking from Texas on a terrible audio connection, bless him) have a conversation about great funerals, what the Bible says about honoring the dead, how to maximize the opportunities that funerals present, and one recommended way to grieve communally, as Steven offers a guide for “sitting shiva”. Find our related article here.

15 Syys 202159min

MISC: Mars Hill, screamers, and the order of the home

MISC: Mars Hill, screamers, and the order of the home

Mark Parrett and Steven Manuel gab about the Mars Hill oral history podcast, both what it gets wrong by declaring some things as bad, and what it gets wrong by declaring other things good. They are fascinated, intrigued… and disgruntled.

8 Syys 202145min

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