The Hidden Power of Purchase Delay
Abrahams Wallet6 Nov 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.

Episoder(367)

DO THIS or Lose Respect

DO THIS or Lose Respect

You spoke. We listened. Our last podcast on men’s fashion ruffled quite a few feathers. So in this episode, we’re addressing your questions — and reinforcing what we really believe.  This isn’t ...

3 Des 20251h

What Trump REALLY Believes About Money and God

What Trump REALLY Believes About Money and God

Is Trump’s new proposed 50-year mortgage just savvy economics… or a dangerous move that will cripple American families for generations? In this episode, Steven and Mark break down Trump’s most tal...

26 Nov 202555min

DO THIS Before You Carve the Turkey: How to Spiritually Lead Thanksgiving

DO THIS Before You Carve the Turkey: How to Spiritually Lead Thanksgiving

Not sure how to lead your family spiritually this Thanksgiving? You’re not alone. In this episode, Steven shares his personal Thanksgiving liturgy — the Scriptures he reads, the questions he ask...

19 Nov 202523min

The Secret to Raising Teens Strong in Faith and Finances

The Secret to Raising Teens Strong in Faith and Finances

The teen years often get a bad reputation. Our culture tells us to expect moodiness, distance, constant arguments, and irresponsible kids.  But what if it doesn’t have to be that way? What if the t...

12 Nov 202550min

Do THIS Before Another Year Slips Away: Annual Financial Review

Do THIS Before Another Year Slips Away: Annual Financial Review

Most families just drift from one year to the next, hoping things get better financially. But kingdom-centered families don’t just drift along, hoping for the best. They make intentional data-driven d...

5 Nov 202547min

DO THIS or Your Kids Will Repeat Your Mistakes

DO THIS or Your Kids Will Repeat Your Mistakes

What if the greatest threat to your family is been passed down through your own family line? From fear and greed to divorce, addiction, and passivity—generational patterns don’t just disappear on t...

29 Okt 202551min

Why “Being Fruitful” Still Matters TODAY

Why “Being Fruitful” Still Matters TODAY

Has the world influenced the Church so deeply that we’ve started ignoring God’s clear command to be fruitful and multiply? Have we traded biblical obedience for cultural excuses? In today’s episode...

22 Okt 202550min

You’re Giving to the Poor All Wrong!

You’re Giving to the Poor All Wrong!

As Christians, we know we’re called to help the poor, but the real question is how.  In this episode of Abraham’s Wallet, we sit down with Justin Wolfenburg to unpack what the Bible really says abo...

15 Okt 202546min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
utbytte
finansredaksjonen
pengesnakk
tid-er-penger-en-podcast-med-peter-warren
livet-pa-veien-med-jan-erik-larssen
pengepodden-2
okonomiamatorene
morgenkaffen-med-finansavisen
stormkast-med-valebrokk-stordalen
lederpodden
rss-markedspuls-2
rss-investering-gjort-enkelt
flypodden
rss-finansforum-2