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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DOUGH: Seasons of Imbalance

DOUGH: Seasons of Imbalance

Mark Parrett and Steven Manuel sit down to shoot the bull, then talk about Seasons of Imbalance (12:20), including seasons of unusual work to build capitals (20:50), the fact that family leaders have the freedom to pursue unorthodox goals (35:00), an encouragement to not complain because you don’t have the perfect job or “life balance” situation (42:00), and a scriptural exhortation on the power of investment (49:30). This episode is meant to encourage any family leader in an unusual season, such as raising young children, pursuing education, doing mission work or discipleship training, starting a small business, or specifically working on your marriage. You are not unusual for having these needs, you’re not in sin, and you’re not alone!

31 Mars 202155min

DOUGH: On Education and Education Savings

DOUGH: On Education and Education Savings

In a Home/Dough combo episode, Mark Parrett and Steven Manuel talk about both the concept of education (14:15) and education savings (35:00), including savings tactics and programs, and a savings hack for business owners (52:15)!  But they start by talking about a new segment, Family Business Spotlight (8:00)… watch this space to see if that title, or its accompanying music, gets changed

24 Mars 202159min

HOME: Eldership and Money

HOME: Eldership and Money

Mark Parrett and Steven Manuel conclude their series about spiritual leadership at home with a discussion on money (4:15). They review “not being a lover of money” (7:00), being “temperate and self-controlled” (9:30), “not given to drunkenness” (yes, we’re talking about money, 12:00), not being “quarrelsome” (15:00), “his children obey him” (18:45), “hospitable” (20:20), and “managing the household well” (26:35). If you don’t handle your dough right, you’re disqualified for more Kingdom leadership… so let’s get this right!

17 Mars 202132min

HOME: Eldership and Conflict

HOME: Eldership and Conflict

Mark Parrett and Steven Manuel continue their series about spiritual leadership at home, and consider that handling inevitable conflict and correction are part of the deal. Have you graduated into true eldership? If not, this episode will help set the Biblical bar for you.

10 Mars 20211h 7min

HOME: Eldership and the local church

HOME: Eldership and the local church

Mark Parrett and Steven Manuel continue their series about spiritual leadership at home and how to interface with the local elder/fathers, thick community (12:20), iron sharpening iron (18:00), receiving at a church where you don’t feel to be in submission (43:30), and mutual submission with other believers (53:45). They also talk about naked old men in saunas (it’s not weird).

3 Mars 202157min

HOME: Eldership

HOME: Eldership

Mark Parrett and Steven Manuel discuss eldership in the home (8:30): what do the elder descriptions from 1 Timothy 3 and Titus 1 have to do with home leadership (Hint: a lot. Your home IS a tiny church nugget). They also discuss celebrity conversions (52:00) because they can’t help it.

24 Feb 20211h 1min

DOUGH: LoDoFeb ’21

DOUGH: LoDoFeb ’21

Mark Parrett and Steven Manuel talk haircuts, crypto (while Steven eats… forgive us listener), and then review and celebrate LoDoFebruary, their annual season of cost-cutting and self-denial. Then, they go off on a tangent about headphones (24:30) for some strange reason.

17 Feb 202128min

MISC: Come Work For Outpost!

MISC: Come Work For Outpost!

Mark Parrett and Steven Manuel host this special edition of the podcast to talk about a job opening they have at Outpost Advisors. They attempt to do so with a light touch, as usual. See the job description right here, or visit OutpostAdvisors.net and scroll down to ‘careers’ if you’re on a platform that doesn’t like our links.

15 Feb 202120min

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