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: Discipling Your Children

HOME: Discipling Your Children

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 introduce the topic of discipling children, beginning with the...

26 Okt 202257min

HOME: How to Read Financial Headlines

HOME: How to Read Financial Headlines

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 discuss some recent financial headlines and train you in...

19 Okt 202255min

HOME: Family Land, Hunting, and Fathers and Sons, with Johnny Phipps

HOME: Family Land, Hunting, and Fathers and Sons, with Johnny Phipps

Abraham’s Wallet exists to inspire and equip Biblical family leaders. Please support this ministry at https://abrahamswallet.com/donate/ Steven Manuel talks to Great Texan Johnny Phipps about how his passion for serving...

12 Okt 20221h 10min

HOME: Fathers Over Pastors with Justin Wolfenberg

HOME: Fathers Over Pastors with Justin Wolfenberg

Abraham’s Wallet exists to inspire and equip Biblical family leaders. Please consider supporting this ministry at https://abrahamswallet.com/donate/ Steven Manuel talks to Justin Wolfenberg about how the post-Biblical church architecture has...

5 Okt 202240min

HOME: Justin Wolfenberg's "Abrahamic Tent Tour"

HOME: Justin Wolfenberg's "Abrahamic Tent Tour"

Abraham’s Wallet exists to inspire and equip Biblical family leaders. Please support this ministry at https://abrahamswallet.com/donate/ Steven Manuel stomps around the property of Justin Wolfenberg, as Justin shares insights on...

28 Sep 202238min

HOME: Who Are Our People? with Jeff Davenport

HOME: Who Are Our People? with Jeff Davenport

Jeff Davenport is an author, screenwriter, and speaking coach. https://www.jeffdav.com/ Abraham’s Wallet exists to inspire and equip Biblical family leaders. Please support this ministry at www.abrahamswallet.com/donate Steven Manuel talks to...

21 Sep 20221h 14min

HOME: Jeff Bethke on Finding Mentors

HOME: Jeff Bethke on Finding Mentors

Mark Parrett talks to Jeff Bethke about finding mentors and how Jeff has assembled a team of leaders in his life (4:30). Jeff is a prolific author, a spoken word star on YouTube, a content generator with Jeremy Pryor and Jon Tyson, and he and his wife are owners of Neuflora Wardrobe. Jeff describes how he first met Jeremy Pryor (24:00), how to handle mentoring relationships with a young family (27:00), giving gifts and honor to mentors (30:30), what NOT to do in pursuing mentors (36:30), and specific steps to identifying and pursuing mentors (40:00). Resources mentioned in this episode: The Power of Moments, Chip and Dan Heath: https://amzn.to/3Uc7oIM Jeff’s Intentional Family podcast with Jon Tyson: https://podcasts.apple.com/us/podcast/intentional-family/id1585603452 Jeff’s Family Teams podcast with Jeremy Pryor: https://familyteams.com/podcasts/   Tax deductible support for this ministry at https://www.abrahamswallet.com/donate

14 Sep 202246min

DOUGH: Setting Up Business Entities

DOUGH: Setting Up Business Entities

Need to start a business or real estate holding but don’t know what it should be, exactly? Mark Parrett teaches Steven Manuel about Business Entities (4:30), from sole proprietorships (7:25) to partnerships (14:35) to LLCs (24:45) to corporations (33:15). Mark also answers the question, “Should I hold my rental property inside a business entity?” at 37:00, and Steven shares some intel about 501(c)3s (40:00) and why Abe’s Wallet went that route! Tax deductible support for this ministry at https://www.abrahamswallet.com/donate Enroll in our “Draft a Family Vision in 3 Hours” course! http://www.outpostacademy.net/

7 Sep 202255min

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