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.

Avsnitt(345)

HOME: Norman Rockwell, Nostalgia, and Road Tripping with Dad

HOME: Norman Rockwell, Nostalgia, and Road Tripping with Dad

Steven Manuel and Jeff Davenport discuss Steven’s recent road trip with his father and the notable moments that gave him pause. Is nostalgia good? What should we be looking for...

21 Dec 20221h 3min

DOUGH: Credit cards and new tech gadgets

DOUGH: Credit cards and new tech gadgets

Steven Manuel and Jeff Davenport talk about how to use credit cards for your business, and how to maximize offers and bonuses. Steven also shares some recent retail experiences and...

14 Dec 202238min

HOME: How's the New Biz Going?

HOME: How's the New Biz Going?

Abraham’s Wallet exists to inspire and equip Biblical family leaders. Please partner with us in inspiring and equipping multi-gen families at https://abrahamswallet.com/donate/ Steven Manuel and Jeff Davenport talk about running...

7 Dec 202237min

HOME: Discipling Our Children Part 3

HOME: Discipling Our Children Part 3

Steven Manuel and Mark Parrett talk about practical tactical methods for training children in HOW TO OBEY, starting with children as young as 5 months old. They go over principles...

30 Nov 20221h 2min

HOME: Bearing With Each Other's Sins

HOME: Bearing With Each Other's Sins

Steven Manuel continues his conversation with Jeff Davenport from the “Who Are Our People?” episode, considering how to give both truth and grace to those in our inner circle dealing...

23 Nov 20221h 14min

DOUGH: Financial Headlines Nov 22

DOUGH: Financial Headlines Nov 22

Abraham’s Wallet exists to inspire and equip Biblical family leaders. Please support this ministry at https://abrahamswallet.com/donate/ Mark Parrett and Steven Manuel look at some of the financial headlines and give...

16 Nov 202251min

HOME: Parrett Family Tent Tour

HOME: Parrett Family Tent Tour

Abraham’s Wallet exists to inspire and equip Biblical family leaders. Please support this ministry at https://abrahamswallet.com/donate/ Let’s look at Mark’s house! Mark Parrett tours us through his Abrahamic tent, explaining...

9 Nov 202228min

HOME: Discipling Our Children Part 2

HOME: Discipling Our Children Part 2

Abraham’s Wallet exists to inspire and equip Biblical family leaders. Please support this ministry at https://abrahamswallet.com/donate/ Steven Manuel talks with Mark Parrett about discipling our children, specifically about how parents...

2 Nov 202251min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-borsens-finest
uppgang-och-fall
svd-ledarredaktionen
avanzapodden
lastbilspodden
rikatillsammans-om-privatekonomi-rikedom-i-livet
rss-kort-lang-analyspodden-fran-di
rss-dagen-med-di
affarsvarlden
fill-or-kill
borsmorgon
kapitalet-en-podd-om-ekonomi
tabberaset
dynastin
market-makers
rss-inga-dumma-fragor-om-pengar
montrosepodden