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.

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MISC: 2021 Book List

MISC: 2021 Book List

Mark Parrett reprises his “best books I read this year” gimmick with AW friend Jeff Davenport. They discuss books old and new, fiction and nonfiction, funny and profane- basically, whatever they ingested in the past year. It’s a review of interesting books, and and advertisement for reading in general. it’s 2021’s Book List!

15 Dec 20211h 16min

DOUGH: iBonds

DOUGH: iBonds

Mark Parrett gives a quick overview on an inflation hedge: iBonds. They’re treasury certificates and you can buy up to $10k worth of them annually. If you’re looking for short-term returns with good interests rates… Listen to this quick primer and consider iBonds!

10 Dec 20219min

MISC: False Teachers, Loving Truth, and Being Oppositional

MISC: False Teachers, Loving Truth, and Being Oppositional

Steven Manuel tells us what to look for, Biblically, as the promised “wolves in sheep’s clothing” come out of the woodwork to deceive the church. How can we recognize false teachers, how can we respond to them, and what kind of people are “false teacher-proof” in treacherous days?

8 Dec 20211h 14min

MISC: Legalism vs Obedience

MISC: Legalism vs Obedience

Steven Manuel, in a live talk recorded 10/30/21, speaks on the purpose of the Gospel, the urgency of obedience, and the contemporary’s church misuse of the terms “grace” and “legalism”. He shares insights about what’s happening in the church today, and how God-fearing families can respond. (0:00-9:00 is introduction to the Abraham’s Wallet audience.)

1 Dec 20211h 39min

HOME: How Should We Celebrate Holidays?

HOME: How Should We Celebrate Holidays?

Mark Parrett and Steven Manuel discuss the celebration of holidays (22:30): Biblical (25:00), patriotic (31:30), Christian-ish (36:00) (think Christmas and Easter), and totally UNChristian American holidays (1:01:45). There is a way to navigate each types for the good of your family. They also go into tangents about the moral implications of buying Nike sneakers (1:30), Steven’s newest credit card fetish (7:00), a USA Today article about Americans with no savings (12:00). What we know is that 1. God loves celebration, 2. We’re free to interpret these things and use them as we see fit, and 3. There is grace for us in the process!

24 Nov 20211h 12min

HOME: Leading Discipleship Groups

HOME: Leading Discipleship Groups

Mark Parrett and Steven Manuel discuss two kinds of groups: 1. A group in which you’re the designated leader and you’re shepherding men toward spiritual maturity, and 2. A group of peers who’re seeking God together. How can you participate with health and excellence so that the men around you sharpen you? They also discuss Alabama college football and the strange reality that is Disney World.

17 Nov 20211h 6min

HOME: How to Use a Family Vision Statement

HOME: How to Use a Family Vision Statement

Mark Parrett and Steven Manuel discuss the many uses of a well-crafted Family Vision Statement (8:00). From affecting your finances (spending, saving, and giving), your physical space, your intellectual pursuits, the way you train your children, and your spiritual life, a Family Vision Statement can have a profound effect on a family. THERE’S ALSO A SPECIAL ANNOUNCEMENT IN THIS EPISODE with a special discount offer for defining your own family vision! Steven and Mark also check in on Orator’s Corner (5:00), discuss the ideal home temperature, how Mark Zuckerberg chose the new name for the Facebook corporation (54:00) and what you should be serving for Thanksgiving. Enjoy!

10 Nov 202159min

HOME: What is worth losing your job over?

HOME: What is worth losing your job over?

Mark Parrett and Steven Manuel wade into piranha-filled waters by discussing the wave of firings and resignations resulting from mandates sweeping the land (8:00). What’s the Biblical stance? Can Daniel be a model for us? Where do matters of conscience come in? Lest you think it’s all serious, they also discuss Steven’s recent music recordings, a standout recent email, and how large a man’s underwear collection SHOULD be… so there’s that.

3 Nov 20211h 5min

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