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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HOME: Creating Spiritual Rhythms With Tiny Kiddos

HOME: Creating Spiritual Rhythms With Tiny Kiddos

Michael Beausejour joins Steven Manuel to talk about what can reasonably be done with young children to develop spiritual capital in them. They discuss goals for infants in arms (6:30), the young father who feels he has to choose between disciplemaking and changing diapers (12:15), how to make Bible reading meaningful for kiddos (26:00), which weekly chores are good for a 6-year-old (31:00), what a normal week looks like in the Beausejour home (31:45), where to start if you’ve never tried to have spiritual rhythms in your home (36:45), and how having godly, just-a-bit-older heroes for our kids is a major win (45:00). Michael has more kids than you do (7 under the age of 8!) so give him a listen.

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NEWS: GameStop Stock and Market Shenanigans

NEWS: GameStop Stock and Market Shenanigans

Mark Parrett and Steven Manuel review the latest goings on with definitions of key terms, colorful/questionable illustrations, and sound effects. All in under 20 minutes!

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DOUGH: Biden’s Financial Policies

DOUGH: Biden’s Financial Policies

Mark Parrett joins Steven Manuel to talk about the coming financial changes under the Biden administration, and how Bibilically-thinking family leaders can prepare their finances for those changes. Mark shares his research regarding Biden’s financial policies (11:30), including tax changes, charitable giving (17:00), Roth IRAs (24:00), real estate investing (27:45), estate tax changes (33:30), and free money for first-time home buyers (50:20)… Steven also rants about inflation (51:15). The fellas finish with an assurance that you don’t have to agree with us about any of this (1:04:00).

3 Feb 20211h 7min

HOME: Navigating A Biden Presidency

HOME: Navigating A Biden Presidency

Steven Manuel and Jeff Davenport get together to discuss a new president, new policies, and how Biblical family leaders should get upstream of today’s most pressing cultural issues. They discuss how to pray for President Biden (9:15), failed election prophecies (13:30), and what the Biden administration promises to look like culturally (and how we might respond) (20:30). Jeff also describes his love of Larry King, and shares his timeless impersonations of Tom Brokaw and Keith Jackson.

27 Jan 20211h 26min

MISC: The Urgency of Discipleship

MISC: The Urgency of Discipleship

In a recent talk given at the semester kickoff of a Cincinnati-based discipleship group (Jump School, http://www.crossroads.net/jumpschool), Steven Manuel shares that, when institutions around us are shaking, it becomes clearer that tethering ourselves to God is job one. Discipleship is urgent business.

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MISC: Best Books From 2020

MISC: Best Books From 2020

Mark Parrett and Steven Manuel are joined by Jeff Davenport to review the best books they read last year. They also cover reading books to your children, whether the modern man has the mettle of men from 1895 (he doesn’t), and what the novelization of Rocky III can teach us about race relations (nothing).

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HOME: A sneak peak at YOUR 2021

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All we’ve got for you this week is a quick admonition to take a gander at your own upcoming year. Set some goals! We can help with that. Back to our regularly scheduled programming next week.

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Where to keep your cash

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A few weeks ago we discussed how financial ratios (along with many other tools) can be used to measure the financial wellness of your household. A big driver of those ratios is the cash you’ve got on hand – but where should you keep cash? We explore different types of accounts and wrap up 2020 with a highly practical episode for our crew of Abrahamic family leaders.

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